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Adani Group stocks extended their rally on Monday, collectively gaining Rs 1.78 lakh crore in market valuation over two days, buoyed by heavy buying after markets regulator Sebi dismissed allegations in the Hindenburg case. The clean chit, which found no evidence of stock manipulation or related-party misuse, has lifted investor sentiment across the group’s listed…
India’s top IT services firms are bracing for a steep rise in costs after the US government sharply increased the H-1B visa application fee to $100,000, nearly ten times the earlier $7,500–10,000. According to estimates, leading players could each end up spending an additional $150–550 million in immigration fees based on their past visa sponsorship…
The combined market valuation of seven of the top-10 most valued companies jumped by Rs 1,18,328.29 crore last week, with State Bank of India and Bharti Airtel emerging as the biggest gainers amid an optimistic trend in equities.During the week, the BSE benchmark advanced 721.53 points or 0.88 per cent, PTI reported.Among the winners were…
File photo: PM Modi (Picture credit: ANI) The Prime Minister’s Office (PMO) will hold a meeting on September 23 to discuss regulatory changes and other measures aimed at enabling domestic audit and consultancy firms to scale up to compete with the Big Four globally, people familiar with the matter said. According to ET, the meeting…
Consumers are beginning to see cheaper daily essentials on store shelves as companies move early to pass on the benefits of reduced Goods and Services Tax (GST) rates, which come into force from Monday. According to ET, firms are dispatching products with revised price tags and absorbing the tax gap themselves to avoid a last-minute…
Japanese and Taiwanese electronics and semiconductor companies are exploring the development of country-specific housing corridors in Dholera, Gujarat, to accommodate expat employees working on India’s first chip fabrication unit.Tokyo Electron Ltd (TEL) from Japan and Taiwan’s PSMC, both partners in the Tata Group’s upcoming Dholera fab, are reportedly considering private housing facilities for their staff….
Nvidia on Thursday said that it will invest $5 billion in Intel and partner with the struggling chipmaker to build artificial intelligence infrastructure and personal computer products, in what the companies called a “historic collaboration.”As part of the agreement, Nvidia will buy Intel common stock at $23.28 a share, subject to regulatory approvals, AP reported….
PepsiCo’s global chairman and CEO, Ramon Laguarta, met Prime Minister Narendra Modi in New Delhi on Tuesday evening, as per sources cited by ET. The meeting marks the first time Modi has met a top US CEO in India amid rising trade tensions and new GST taxes. Laguarta was accompanied by PepsiCo’s entire board, representing…
The government has put forward a plan to set up multi-disciplinary partnership (MDP) firms that can compete with global consulting and auditing giants. These new firms would provide a range of services under one umbrella. This includes cost record maintenance, accounting, auditing, assurance, company secretarial work, legal services, valuation and management. The move is aimed…
US President Donald Trump President Donald Trump on Sunday urged foreign companies to expand investment in the United States and bring in expert personnel to train American workers in advanced manufacturing.In a post on Truth Social, Trump stressed the need for the country to relearn skills in industries such as semiconductors, shipbuilding, and high-tech machinery…
