H-1B visa: There is a chance of increase in denial rates if Trump’s administration implements stricter policies. (AI image) H-1B visa approvals: Indian-based IT firms experienced a significant decline in H-1B visa approvals, with seven major companies receiving 7,299 petitions for new employment in fiscal year 2024, compared to 14,792 in FY2015, as revealed by…
TKMS is competing for a contract to build six diesel-electric submarines for the Indian Navy. Indian Navy submarines: Naval manufacturing demands have surged due to recent conflicts, presenting India with an opportunity to establish itself as a global hub for submarine and warship construction at competitive costs, according to Germany’s premier maritime firm.Thyssenkrupp Marine Systems…
UIDAI recommends updating Aadhaar Card details once every decade to maintain accuracy. Aadhaar card free update deadline: The UIDAI has announced that Aadhaar cardholders have the opportunity to update their information without any charges through the myAadhaar portal. This service will remain free until the specified deadline. Those who have changed their residence or moved…
The budget carrier aims to raise $130-140 million through this transaction. Akasa Air stake sale: A consortium led by Premji Invest and Claypond Capital, representing the Bengaluru-based family offices of Wipro founder Azim Premji and Manipal group chief Ranjan Pai, is set to acquire a substantial minority stake in Akasa Air, according to informed sources.The…
The technical view suggests continued sideways movement in Nifty. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Friday. While BSE Sensex was below 81,100, Nifty50 was near 24,500. At 9:17 AM, BSE Sensex was trading at 81,080.00, down 210 points or 0.26%. Nifty50 was at 24,489.45,…
BENGALURU: Nandan Nilekani said he stands by his view that India need not spend resources building another large language model (LLM). He was responding to a question from us on the view expressed recently by Google Research India director Manish Gupta that India will benefit from building a foundation model.“Foundation models are not the best…
Gross NPAs of PSU banks drop to 3.1% from 14.6% in ’18 MUMBAI: The gross non-performing asset (GNPA) ratio of public sector banks dropped to a record low of 3.1% as of Sept 2024 – down from 14.6% in March 2018, according to a government statement.This improvement follows the implementation of the 4R’s strategy introduced…
Harsha Vardhan Agarwal, vice chairman and managing director of Emami, has taken over as president of the Federation of Indian Chambers of Commerce and Industry (Ficci). In an interview, Agarwal tells TOI that it will take one or two quarters more for consumption to be “normal” and said the focus should be on moderating inflation…
NEW DELHI: Mukesh Ambani‘s Reliance Industries Ltd has signed a deal to import crude oil worth $12-13 billion a year from Russia’s Rosneft for 10 years, sources said. Russian state oil firm Rosneft will supply up to 500,000 barrels per day (25 million tonne a year) of crude oil to Reliance, they said. Reached for…
BENGALURU: Bengaluru-based BlueStone Jewellery and Lifestyle, which offers contemporary diamond, gold, platinum, and studded jewellery under an eponymous brand, on Thursday filed for an initial public offering to raise Rs 1,000 crore ($118 million as per current exchange rates).The IPO also included an offer-for-sale (OFS) component for BlueStone’s investors Accel India, Saama Capital, Kalaari Capital…
