Author: News Desk
Tata Sons, the holding company of Tata Group, has disclosed the remuneration details of its key executives and directors for the Financial Year 2022-23 (FY23). Notably, Chairman N Chandrasekaran’s remuneration saw an increase, with a substantial portion being attributed to commission on profit. Chandrasekaran’s Compensation N Chandrasekaran, Chairman of Tata Sons, received a total remuneration of Rs 113 crore for FY23. This figure includes a significant Rs 100 crore as commission on profit. In the preceding fiscal year (FY22), Chandrasekaran’s remuneration amounted to Rs 109 crore. Key Executives and Directors Sourabh Agrawal, Executive Director, was compensated with a total remuneration…
Embracing Identity: Kerala’s Push for a Name Change In a significant move, the Kerala Assembly recently came together to pass a unanimous resolution urging the Central government to officially rename the state as “Keralam,” not just in the Constitution but also across all official records. The resolution was proposed by Chief Minister Pinarayi Vijayan and was received without any amendments suggested by the Congress-led Opposition. This decision carries profound historical and cultural implications for the state, reflecting the long-standing desire to align its name more closely with its linguistic and cultural roots. Unveiling the Resolution: The Call for Identity Alignment…
India’s prominent engineering and construction giant, Larsen & Toubro Ltd. (L&T), is set to make a transformative mark on the clean energy landscape with a substantial investment of up to $12 billion over the next five years. This ambitious endeavor involves a significant focus on expanding its clean energy division, aligned with the global drive to embrace sustainability. Green Hydrogen and Ammonia Venture A key facet of L&T’s investment strategy includes venturing into the production of green hydrogen and ammonia. With a commitment of nearly $4 billion, the company intends to establish a capacity of 2-3 million tonnes for these…
In a move aimed at bolstering domestic manufacturing and reducing reliance on imports, the Indian government has imposed restrictions on the import of laptops, tablets, personal computers, and related electronic products. However, recent developments reveal a slight change in this policy. The Directorate General of Foreign Trade (DGFT) announced a delay in the licensing mandate for importing these electronic devices, shifting the enforcement date to November 1, 2023. This decision has raised questions about its impact on both global electronic players and Indian consumers. The Delayed Licensing Mandate While import restrictions have been a part of India’s economic strategy before,…
Saudi Arabia’s Public Investment Fund (PIF) has taken a significant step towards female empowerment by establishing an integrated company, Kayanee, aimed at promoting a better quality of life for women. Under the visionary framework of Saudi Vision 2030, this initiative aligns with the country’s ongoing transformation towards gender equality and empowerment. Focus on Women’s Well-being Kayanee, chaired by Princess Reema bint Bandar Al-Saud, has a clear focus on future generations’ health and lifestyles. The company’s multifaceted approach encompasses fitness, sportswear, personal and therapeutic care, nutrition, diagnostics, and wellness education. With an emphasis on addressing mental, social, and physical health concerns,…
AU Small Finance Bank has achieved a remarkable milestone with the launch of its innovative 24×7 Video Banking service. This offering allows customers to engage in real-time video calls with banking representatives, redefining the concept of modern banking. With a focus on accessibility, convenience, and security, AU Small Finance Bank aims to enhance customer experiences through face-to-face virtual interactions. Unprecedented Convenience and Accessibility AU Small Finance Bank’s new Video Banking service transcends traditional banking boundaries by offering customers a virtual platform for real-time interactions. Customers can access services like real-time account support, updating demographics, seamless financial transactions, loan and credit…
Founded in 2012, Ambrane India is a Delhi-based electronics company that specializes in power banks, cables, smartwatches, speakers, wearables, and more. From Textiles to Electronics The brainchild of Ashok Rajpal, a native of Haryana’s Sonipat district, Ambrane India has carved a niche in the electronics sector. Ashok’s journey began with assisting his father in the family’s textile business after completing his education up to the 12th grade. However, recognizing the burgeoning demand for electronics, particularly smartphones, Ashok teamed up with his brother Sanjay Rajpal to shift gears. Founding Ambrane With a vision to tap into the technology market, the Rajpal…
A breakthrough in cancer treatment has emerged as researchers from MIT and Dana-Farber Cancer Institute unveiled an innovative approach to identifying the origins of enigmatic cancers. Utilizing machine learning, this pioneering computational model analyzes genetic sequences from around 400 genes to predict the origin of tumors. The study’s findings open doors for personalized treatments, marking a significant advancement in the field of oncology. Unraveling the Challenge of Unknown Cancer Origins For a subset of cancer patients, typically 3 to 5 percent, pinpointing the origin of their cancer remains elusive. This challenge complicates treatment selection, as many cancer drugs are tailored…
Lulu Group International’s entity, Line Investments and Property, has joined forces with Star Cinemas for an innovative partnership that aims to introduce 22 new cinema screens to Abu Dhabi and Al Ain. This collaboration, set to launch in September 2023, promises to revitalize the cinematic experience across the region and expand Star Cinemas’ current count of 76 screens. Enhancing Cinematic Experience With the goal of redefining movie-watching, this joint venture seeks to create immersive and captivating experiences for cinema-goers. The strategic placement of screens across four prominent malls in the region is expected to set new entertainment standards. Among the…
The Covid-19 pandemic has catalyzed profound shifts in both domestic and global economies, generating ripple effects that are now transforming India’s corporate profit hierarchy. For over a decade, Reliance Industries (RIL) had maintained its stronghold atop India Inc’s profit chart. However, the latest financial quarter of 2023-24 witnessed an unprecedented development: the State Bank of India (SBI) surged ahead, toppling RIL from its long-standing position. SBI Overtakes RIL in Q1FY24 Profits During the first quarter of the fiscal year 2023-24 (Q1FY24), SBI, the largest lender in India, reported a consolidated net profit of Rs 18,537 crore. This remarkable figure surpassed…