MUMBAI: For desi startup firms, it’s homecoming.A growing number of Indian-origin companies are ‘reverse flipping‘ – shifting their domicile back to India from overseas because of attractive stock market valuations and to avoid trouble on the regulatory front.While fintech players PhonePe, Groww and Pine Labs have reverse-flipped, other startups like Razorpay, Meesho, Udaan, and Zepto…
NEW DELHI: India’s economy is estimated to have grown by 8.2% in 2023-24, led by a solid expansion in manufacturing and construction sectors, and a strong push from Jan-March quarter growth, beating expectations and laying a robust foundation for the new govt, which assumes office this month after the polls. The strong numbers will help…
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said there has been no leniency in recovering bad loans, especially from large defaulters, and banks have turned around, reporting record profit of over Rs 3 lakh crore last year, from being a “cesspool of bad loans, vested interests, corruption and mismanagement” during UPA regime.On the day…
Congress president Mallikarjun Kharge on Friday named Rahul Gandhi as his choice for the prime minister’s post if the INDIA bloc is voted to office on June 4.Asked about West Bengal CM Mamata Banerjee’s proposal at a Nov meeting of the INDIA group that Kharge should be projected as the opposition’s PM candidate, he said…
CHANDIGARH: Punjab and Haryana HC on Friday struck down Haryana govt’s policy of assigning additional marks based on socio-economic criteria while evaluating job aspirants, terming the system a violation of constitutional safeguards against discrimination.The division bench of Justices Sanjeev Prakash Sharma and Sudeepti Sharma was hearing a batch of petitions challenging the criteria entitling a…
BENGALURU: Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. “It’s a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in data management,” Chandrasekaran, who is also TCS chairman, said at…
Envoys of seven countries, including Chinese ambassador Xu Feihong and UK high commissioner Lindy Elizabeth Cameron, presented their credentials to President Droupadi Murmu on Friday. Envoys of New Zealand, Kuwait, Fiji, Guinea and Ecuador also presented their credentials.Xu Feihong said later in a post he had a “friendly discussion” on China-India relations with the president.“I…
NEW DELHI: Working on information shared by the US authorities, Enforcement Directorate on Wednesday arrested Banmeet Singh, an accused in an international drug trafficking network, who was earlier convicted and had served a five-year prison term in the US. He has been remanded to ED custody for seven days by a special court in Dehradun….
Image used for representation purpose BAREILLY: At least 10 people were killed and many injured after a dust storm followed by heavy rainfall wreaked havoc in Lakhimpur Kheri, Shahjahanpur and its neighbouring districts on Thursday night. Five deaths were reported in Kheri district, while five, including two kids, died in Shahjahanpur.Shahjahanpur district magistrate Umesh Pratap…
Image used for representational purpose JAMMU: Security forces launched a massive search operation on Friday after an exchange of fire with terrorists in J&K’s Poonch district, sources said.The gunfight took place near the Dera-ki-Gali forest belt after security forces combed the area late Thursday for terrorists hiding there. After a brief skirmish, the terrorists fled,…
