India

Bain Capital in talks to buy Adani Capital for Rs 1,500 crore
18 Jul

Bain Capital in talks to buy Adani Capital for Rs 1,500 crore

Priyanka Bhowmick0 CommentsBusiness, India,
Global private equity firm Bain Capital is reportedly in advanced talks to acquire Adani Capital, the shadow banking arm of Gautam Adani's conglomerate, for Rs 1,500 crore, the Economic Times reported. According to sources directly involved, Bain Capital has overtaken Carlyle to emerge as the frontrunner in the acquisition process, as Adani aims to revive its business interests and focus on core infrastructure while conserving cash. Adani Capital, founded seven years ago, is led by Gaurav Gupta, a former Lehman Brothers and Macquarie investment banker who joined the collective in 2016. The management team including Gupta owns about 10 percent…
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Bhopal-Delhi Vande Bharat train’s battery box catches fire
17 Jul

Bhopal-Delhi Vande Bharat train’s battery box catches fire

Priyanka Bhowmick0 CommentsIndia
A fire broke out in a coach of Vande Bharat Express from Bhopal to Delhi's Hazrat Nizamuddin Terminal at Kurwai Kethora railway station in Madhya Pradesh on Monday. However, all passengers were safe at the time of the incident, and officials extinguished the fire, ANI said. Officials have shifted 20-22 passengers present in the coach to another coach. News agency PTI reported that no passengers were injured. According to Indian railways, the fire started from the battery box of a coach of Vande Bharat Express. The train left Rani Kamalapati station, formerly known as Habibganj, for Delhi's Hazrat Hijamuddin Terminal.…
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1 killed, 3 injured after Cloudburst in Himachal Pradesh
17 Jul

1 killed, 3 injured after Cloudburst in Himachal Pradesh

Priyanka Bhowmick0 CommentsAccident, India
One person lost his life in a cloudburst at Kias village in Kullu, DSP headquarters Rajesh Thakur said, adding that three people were injured and nine vehicles were damaged in the rain-related incident on Monday. “One person was killed, 3 injured and 9 vehicles damaged in a cloudburst at Kias village in Kullu, Thakur told news agency ANI. Rains in Himachal Pradesh have wreaked havoc in the hill state, causing cloudbursts, landslides and floods that have so far killed 108 people, according to government data released last week. Among all the affected states in North India, Himachal Pradesh has been…
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5 kanwariyas electrocuted in UP’s Meerut after vehicle’s speaker touches overhead wire
16 Jul

5 kanwariyas electrocuted in UP’s Meerut after vehicle’s speaker touches overhead wire

Business Correspondent0 CommentsIndia
In a Meerut, district of Uttar Pradesh, near a village named Rali Chauhan an ill fated incident occurred while Kanwariyas (devotees of lord Shiva) were returning from Haridwar after collecting water from holy river the ganges. Five Kanwariyas died due to electrocution and five others were in critical situation. The incident happened due to the DJ which came in contact with the overhead 11 kV power line. The DJ was tied to a vehicle on which kanwariyas were travelling. Immediately the kanwariyas were rushed to the hospital where 5 of them were declared brought dead and others were admitted for…
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Elon Musk announces a new AI company
15 Jul

Elon Musk announces a new AI company

Priyanka Bhowmick0 CommentsBusiness, India,
xAI, Elon Musk's newly formed AI company, has revealed itself with a new website detailing its mission and team at https://x.ai/. Musk tweeted that the company's mission is to "understand reality" without further details or explanation. According to the website, "xAI's goal is to understand the true nature of the universe. The team is led by Elon Musk and includes team members who have worked with other big names in AI, including OpenAI, Google Research, Microsoft Research, and DeepMind (which recently folded into Google). In addition to Musk, the website lists Igor Babushkin, Manuel Kroes, Yuhuai (Tony) Wu, Christian Szedi,…
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Wife leaves home after husband uses tomatoes for cooking
14 Jul

Wife leaves home after husband uses tomatoes for cooking

Priyanka Bhowmick0 CommentsIndia
In a shocking incident, a husband in Madhya Pradesh complained to the police that his wife left home after an argument over 'putting tomatoes' in food. The incident took place in Dhanpuri of Shahdol district of Madhya Pradesh. The man, known as Sandeep Barman, runs a small dhaba (food) in Dhanpuri. He told the police that he had prepared food to supply the tiffin and added two to three tomatoes, which upset his wife. A heated argument broke out between the husband and wife over the addition of tomatoes sold at Rs 140 per kg. Soon after the argument, his…
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Gera Developments signs Amitabh Bachchan as brand ambassador
14 Jul

Gera Developments signs Amitabh Bachchan as brand ambassador

Priyanka Bhowmick0 CommentsBusiness, Entertainment, India,
Pune-based real estate developer Gera Developments, which has been building homes in Pune for the last 50 years, said on July 13 that it has signed Bollywood actor Amitabh Bachchan as its brand ambassador. "… Amitabh Bachchan has not only reinvented himself to stay relevant but he has also created a personal bond and an emotional appeal with everyone, which is in line with the principles of the Gera brand," the company said in a statement explaining its decision to sign the 80-year-old as its brand ambassador. "We have seen an immediate resonance with Gera's brand, especially as our trend…
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TCS gives 12 to 15 percent salary hikes to best performing employees
13 Jul

TCS gives 12 to 15 percent salary hikes to best performing employees

Priyanka Bhowmick0 CommentsBusiness, India,
After the end of the first quarter of the financial year 2023-2024, the Tata Group's consultancy arm - Tata Consultancy Services - reported a big profit, even as TCS announced a pay hike for employees after the company's revenue rose 13 percent. After a successful first quarter of the financial year, IT consulting firm TCS reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter at Rs 11,074 crore. Not only a huge increase, but because of the company's success they also promised a raise for their employees. Apart from TCS's net profit, the company's…
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Tesla in talks to manufacture cars in India
13 Jul

Tesla in talks to manufacture cars in India

Priyanka Bhowmick0 CommentsBusiness, India,
Electric vehicle (EV) maker Tesla has held talks with the Indian government, exploring the possibility of bringing its auto parts and electronics chain to India and getting allocations and tax breaks in the process. The US-headquartered electric vehicle maker has shown interest in bringing its own supply chain ecosystem to India, even as the government asked the company to assess the existing auto-component supply chain in the country, the Economic Times reported on July 13. After meeting Prime Minister Modi during his visit to the US last month, Tesla CEO Elon Musk said: "He (PM Modi) really cares about India…
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Kapil Sharma starrer Zwigato earns spot at Oscar library
12 Jul

Kapil Sharma starrer Zwigato earns spot at Oscar library

Priyanka Bhowmick0 CommentsBusiness, Entertainment, India,
Kapil Sharma's latest film Zwigato won the actress praise for her performance but failed to perform well at the box office. However, now the film's screenplay has been invited to reside in the permanent original collection of the Library of the Academy of Motion Picture Arts and Sciences. Written by Nandita Das and Samir Patil, the script of Zwigato starring Kapil Sharma and Shahana Goswami explores the impact of the food app service industry and its impact on the working class. The movie was released worldwide in March and premiered at the first Toronto International Film Festival and the Busan…
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