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Mega IPO, mega loss! LIC investors suffer Rs 2.5 lakh crore shock in 1 year 17 May, 2023 11:15 AM ISTListing of the India's state-run insurer, LIC, which was expected to be a gamechanger for the equity market, has turned out to be a wealth destructor event for investors, with the stock down about 40% from its IPO issue price of INR 949, leading to the total erosion of market capitalisation of about INR 2.5tn ($33.6bn). Meanwhile, NII registered a growth of 26.8% YoY for FY23 and stood at Rs 41,355 crore. Bank of Baroda Q4 Results: Profit zooms 168% YoY to Rs 4,775 crore, dividend declared at Rs 5.5/ share 17 May, 2023 01:07 PM ISTIts net interest income (NII) for the lender grew 33.8% at Rs 11,525 crore. IOC Q4 Results: Profit jumps 52% YoY to Rs 10,841 crore revenue rises 10% 16 May, 2023 02:19 PM ISTRevenue from operations jumped 10% year-on-year (YoY) to Rs 2.30 lakh crore in the March quarter, compared with Rs 2.09 lakh crore in the corresponding quarter of last year. Even the Apple Watch, which came out almost four years after Jobs’ death, had the late visionary’s input in the development, if not the execution. Tim Cook, the steady-handed supply chain expert, has instead built on top those existing successes. Get ready for CEO Tim Cook's riskiest move at Apple 17 May, 2023 01:47 PM ISTOne criticism of his successor as chief executive officer, meanwhile, is that he is yet to come up with a bold new idea of his own. Highest FD interest rate of 9%: These banks have hiked FD rates in May 2023 17 May, 2023 04:32 PM ISTHere are a few banks that have hiked, revised fixed deposit interest rates in the month of May 2023. Two cranes, two JCBs and two towing vehicles were deployed," tweeted Sujeetha Salman, Deputy Commissioner of Police, Traffic South Division, Bengaluru City. "Any mismanagement would have led to untoward consequences.
Bengaluru: Several techies, stuck for hours in IT corridor traffic today, forced to return home 17 May, 2023 01:40 PM ISTIt took time to get the road cleared since the vehicle was stuck between the high tension electric poles. The summit aims to act as a platform to drive leadership conversations by bringing together top industry leaders and decisionmakers to define actionable strategies and synergise action to steer the transition towards a more sustainable future. ET Boardroom Dialogues 2023 to drive leadership conversations to transition to a more sustainable future 15 May, 2023 04:05 PM ISTThe ET Boardroom Dialogues 2023, presented in partnership with Diageo India, will be a two-day virtual summit held on June 5-6. #Trending news trial
However, the group has initiated trial runs to part assemble the latest Iphone 15 with an aim for mass production - 50,000 units/day in three shifts - by July-August. Till now Tatas have been primarily focusing on the Iphone SE model in their unit.
At Tata's iPhone plant in Hosur, Make in India is still a distant dream 16 May, 2023 08:16 AM ISTAlmost 90% of the components used for Apple phones by Tata are sourced from Mainland China, even as Apple looks to shift manufacturing to India.Amazon lays off 500 employees in India across functions 17 May, 2023 08:41 AM ISTThe Seattle-based technology giant is letting go of at least 500 employees in India, and the process is ongoing, they said.The committee, which may include officials from the Department of Investment and Public Asset Management, RBI and Niti Aayog, will determine quantum of stake sale. The move comes after state-owned lenders turned profitable and several rounds of consolidation reduced the number of banks. Govt panel may prepare new list of public sector banks for privatisation 17 May, 2023 01:46 PM ISTIndia may set up a panel to identify public sector banks that can be privatized, including mid- and small-sized ones.Also, every family would be provided 200 units of power for free.
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According to the party's pre-poll promises, women would also get to travel for free in the buses run by the state government.
Rs 62,000 Crore Freebies: Congress win might cost Karnataka this much every year 17 May, 2023 01:41 PM ISTThe Congress party has promised every female head of the family Rs 2,000 a month, every unemployed diploma holder Rs 1,500 per month, and graduates Rs 3,000 a month.