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IDBI Trusteeship now files appeal against Subhash Chandra in NCLAT

Dec 2, 2023

Mumbai, Dec 2 (IANS) In the continuing saga replete with many twists and turns, IDBI Trusteeship Services Limited (ITSL) has now filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against Essel Group Chairperson Subhash Chandra, challenging the order of the National Company Law Tribunal Mumbai which gave a go-ahead to the Zee…

‘India as big gold buyer can play key role in world economic order’

Dec 2, 2023

New Delhi, Dec 1 (IANS) India as the second-largest buyer of gold in the world can play a crucial role in the global economic order as central banks are still buying the precious metal in large quantities, Alok Kumar Choudhary, Managing…

Business

Games24x7 joins hands with K’taka govt for GameTech Accelerate programme

Dec 2, 2023

New Delhi, Dec 1 (IANS) Games24x7, India's leading online skill gaming company, today joined forces with the Government of Karnataka, to launch the gaming industry's first-of-its-kind accelerator programme, 'GameTech Accelerate - The Future…

Business

Broadcom to lay off nearly 1,300 VMware employees post-acquisition: Report

Dec 2, 2023

San Francisco, Dec 1 (IANS) US-based hardware company Broadcom will reportedly lay off nearly 1,267 employees from desktop virtualisation software provider VMware, which it finally acquired for $69 billion last month.Broadcom has filed a…

Business

Meta purges over 37 mn bad pieces of content on FB, Insta in India in Oct

Dec 1, 2023

New Delhi, Dec 1 (IANS) Meta said that it took down over 33.6 million pieces of content across 13 policies for Facebook and over 3.4 million pieces of content across 12 policies for Instagram in India in October. Between October 1-31,…

Business

GenAI needs to gain cultural fluency like humans: Amazon CTO

Dec 1, 2023

Las Vegas, Dec 1 (IANS) In the coming years, culture will play a crucial role in how generative Ai is designed, deployed and consumed, Amazon CTO Dr Werner Vogels has said.Large language models (LLMs) trained on culturally diverse data will…

Business

Musk’s X sees wave of resignations from sales team after giving bonus: Report

Dec 1, 2023

San Francisco, Dec 1 (IANS) Elon Musk-run X Corp has witnessed a wave of resignations from the sales team over the past month, media reports said. According to a report by Claire Atkinson, the sales staff started exiting the company shortly…

Business

Midcap index rising for last 21 sessions, hitting fresh highs since Nov 16

Dec 1, 2023

New Delhi, Dec 1 (IANS) The Nifty Midcap 100 index has been rising for the last 21 trading sessions and has been hitting fresh all-time highs since November 16, said Nandish Shah, Deputy Vice President, Retail Research, HDFC…

Business

‘With more than 5% move in Nov, Nifty index looks to be 13% overvalued’

Dec 1, 2023

New Delhi, Dec 1 (IANS) The Nifty-50 index was up 5.6 per cent in November. A report by Kotak Institutional Equities said that "as per our 'Nifty fair value' model that accounts for changes in index valuation by looking at expected growth,…

Business

RBI, Bank of England ink pact on sharing info

Dec 1, 2023

Mumbai, Dec 1 (IANS) Reserve Bank of India (RBI) and Bank of England (BoE) on Friday signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to the Clearing Corporation of India Limited…

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