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Avoid Offering Freebies That Can Hit State's Fiscal Health: Poll Body Chief
Admitting that some states are unable to pay salaries due to the heavy cost of freebies promised during campaigning, Chief Election Commissioner Rajiv Kumar on Tuesday said the Election Commission of India's hands is tied on the issue of "freebies".
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Zoom Changes Name to Emphasise AI Offerings, Gives Sales Forecast
Zoom Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost from the company’s expanded suite of products. Revenue will be about $1.18 billion (roughly Rs. 15,170 crore) in the period ending in January, Zoom said Monday in a statement.
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Apple's iPhone Shipments in China Rebound With 12 Percent Surge in March After Price Cuts
Apple's iPhone shipments in China increased by 12 percent in March after the company and its retailers reduced prices, according to data from a research firm affiliated the Chinese government.
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Government Portal Offered More Jobs Than Applied For In 2023-24: Report
Vacancies listed on the government's job portal National Career Service (NCS) displayed an interesting trend. The NCS data shows that in the fiscal year 2023-24 jobs available through the portal were significantly higher than job seekers.
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IPO Fundraising More Than Halves From Record High In 2021-22
The total amount raised through initial public offerings (IPOs) more than halved to Rs 52,116 crore in FY23 from an all-time high collection of Rs 1,11,547 crore in the previous fiscal, according to an analysis.
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Ubisoft Says Too Many Titles in Development Led to Recent Game Delays, Cancellations
Ubisoft has finally revealed the reason behind its several game delays and cancellations. During its Q3 2022–23 investors call, CEO Yves Guillemot claimed that the measure was taken because the company was producing too many titles at the same time. Cutting down on minor projects will help them save time, by moving those developers on to offer su...
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Initial Public Offer Down To 32% In First Half Of Fiscal Year: Report
Just 14 companies raised Rs 35,456 crore through main-board primary share sales in the first half of the fiscal, down 32 per cent from the year-ago period when 25 issues had mopped up Rs 51,979 crore.
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India To Offer More Fiscal Support Under Chip Production Incentive Scheme
The government on Wednesday raised fiscal support for new semiconductor facilities up to 50% and said it is doing away with capping incentives for chip production at a maximum of $1.5 billion investment.
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LIC IPO's Lowered Size Threatens India's Fiscal Deficit Target: Report
India's decision to go ahead with a much-reduced target for its vaunted life insurers initial public offering, as skittish investors continue to pull money from the South Asian nation, is adding to the risks threatening the nation's fiscal deficit target.
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Electric Vehicles to Offer 3 Lakh Crore Business Opportunities in India in Five Years: CRISIL
Electric Vehicles will offer almost Rs. 3 lakh crore business for stakeholders in India in the next five years through fiscal year 2026, says CRISIL analysis. The opportunity includes potential revenue of about Rs. 1.5 lakh crore across vehicle segments for OEMs.
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Electric Vehicles Offer Rs 3 Lakh Crore Business Opportunities By FY26: Report
Electric vehicles (EVs) offer an almost Rs 3-lakh crore business for various stakeholders in India in the five years through fiscal 2026, a CRISIL analysis indicated on Tuesday.
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Government May Defer Life Insurance Corporation's Public Offer To Next Fiscal Amid Ukraine Crisis, Say Economists
Government may defer LIC's IPO to next fiscal as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue
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Shipping Corp, BEML, BPCL To Be Privatised Next Fiscal; 3 IPOs Lined Up
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said.
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Budget To Offer More Fiscal Support Amid Uncertainty From Third Wave: Report
The rising uncertainty from the third wave of the pandemic will force the forthcoming Budget to push the fiscal pedal more to support the fragile recovery, says a brokerage report.
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LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
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Avoid Offering Freebies That Can Hit State's Fiscal Health: Poll Body Chief
Admitting that some states are unable to pay salaries due to the heavy cost of freebies promised during campaigning, Chief Election Commissioner Rajiv Kumar on Tuesday said the Election Commission of India's hands is tied on the issue of "freebies".
-
Zoom Changes Name to Emphasise AI Offerings, Gives Sales Forecast
Zoom Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost from the company’s expanded suite of products. Revenue will be about $1.18 billion (roughly Rs. 15,170 crore) in the period ending in January, Zoom said Monday in a statement.
-
Apple's iPhone Shipments in China Rebound With 12 Percent Surge in March After Price Cuts
Apple's iPhone shipments in China increased by 12 percent in March after the company and its retailers reduced prices, according to data from a research firm affiliated the Chinese government.
-
Government Portal Offered More Jobs Than Applied For In 2023-24: Report
Vacancies listed on the government's job portal National Career Service (NCS) displayed an interesting trend. The NCS data shows that in the fiscal year 2023-24 jobs available through the portal were significantly higher than job seekers.
-
IPO Fundraising More Than Halves From Record High In 2021-22
The total amount raised through initial public offerings (IPOs) more than halved to Rs 52,116 crore in FY23 from an all-time high collection of Rs 1,11,547 crore in the previous fiscal, according to an analysis.
-
Ubisoft Says Too Many Titles in Development Led to Recent Game Delays, Cancellations
Ubisoft has finally revealed the reason behind its several game delays and cancellations. During its Q3 2022–23 investors call, CEO Yves Guillemot claimed that the measure was taken because the company was producing too many titles at the same time. Cutting down on minor projects will help them save time, by moving those developers on to offer su...
-
Initial Public Offer Down To 32% In First Half Of Fiscal Year: Report
Just 14 companies raised Rs 35,456 crore through main-board primary share sales in the first half of the fiscal, down 32 per cent from the year-ago period when 25 issues had mopped up Rs 51,979 crore.
-
India To Offer More Fiscal Support Under Chip Production Incentive Scheme
The government on Wednesday raised fiscal support for new semiconductor facilities up to 50% and said it is doing away with capping incentives for chip production at a maximum of $1.5 billion investment.
-
LIC IPO's Lowered Size Threatens India's Fiscal Deficit Target: Report
India's decision to go ahead with a much-reduced target for its vaunted life insurers initial public offering, as skittish investors continue to pull money from the South Asian nation, is adding to the risks threatening the nation's fiscal deficit target.
-
Electric Vehicles to Offer 3 Lakh Crore Business Opportunities in India in Five Years: CRISIL
Electric Vehicles will offer almost Rs. 3 lakh crore business for stakeholders in India in the next five years through fiscal year 2026, says CRISIL analysis. The opportunity includes potential revenue of about Rs. 1.5 lakh crore across vehicle segments for OEMs.
-
Electric Vehicles Offer Rs 3 Lakh Crore Business Opportunities By FY26: Report
Electric vehicles (EVs) offer an almost Rs 3-lakh crore business for various stakeholders in India in the five years through fiscal 2026, a CRISIL analysis indicated on Tuesday.
-
Government May Defer Life Insurance Corporation's Public Offer To Next Fiscal Amid Ukraine Crisis, Say Economists
Government may defer LIC's IPO to next fiscal as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue
-
Shipping Corp, BEML, BPCL To Be Privatised Next Fiscal; 3 IPOs Lined Up
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said.
-
Budget To Offer More Fiscal Support Amid Uncertainty From Third Wave: Report
The rising uncertainty from the third wave of the pandemic will force the forthcoming Budget to push the fiscal pedal more to support the fragile recovery, says a brokerage report.
-
LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
