Pune-based Tata Technologies is set to announce the allotment status of its initial public offering (IPO) on November 29, marking the first IPO from the Tatas in 19 years. The IPO, which was open from November 22 to November 24, saw robust demand, with the shares being subscribed 69.43 times. This indicates strong interest from…
India’s Biggest Automaker, Maruti Suzuki, to Increase Vehicle Prices in January 2024 India’s largest automakers, Maruti Suzuki and Tata Motors, are planning to implement a price increase for their vehicles beginning in January 2024. Audi has also announced a price hike of up to 2%, signaling that other automakers may follow suit. The driving force…
ICRA, a leading credit rating agency, is forecasting a slight sequential improvement in the credit metrics of India Inc. for the October-December quarter of 2023-2024. According to ICRA, the interest coverage ratio is expected to increase to 4.5-5.0 times in Q3 FY2024 from 4.5 times in Q2 FY2024. The interest coverage ratio is a measure…
Elon Musk’s endorsement of an antisemitic post on social media platform X may have costly consequences, potentially causing the platform to lose up to $75 million in advertising revenue by the end of 2023. The internal documents from X’s sales team, viewed by The New York Times, reveal that advertisers are pulling out amid growing…
Google to begin purging data of inactive accounts in December In a recent announcement, Google stated that it will commence the deletion of data and photos from inactive accounts starting on December 1. Ruth Kricheli, Google’s vice president of product management, revealed the decision in May, emphasizing that accounts which have not been accessed in…
Gurugram Property Prices May Increase by 70% as New Collector Rates Proposed for 2024 The district administration in Gurugram has proposed new collector rates for the year 2024, which could result in a significant 70 per cent hike in property prices. This move has prompted officials to seek objections from the public on the proposed…
Generative AI Could Take Over 30% of White-Collar Work A recent report by learning company Pearson reveals that over 30% of the tasks in certain white-collar jobs, such as accountants, bookkeeping clerks, word processor operators, administrative secretaries, and stall/market salespersons, could be performed by generative AI. In contrast, less than 1% of blue-collar workers’ job…
Ireland’s Prime Minister Leo Varadkar called for incitement to hatred legislation to be updated as riots broke out in Dublin this week, following a violent knife attack at a primary school. The attack left a 5-year-old girl and a school care assistant in critical condition, leading to widespread violence and chaos in the city center….
Vietnamese Woodworker Turns Heads with Impressive Wooden Replica of Tesla Cybertruck A Vietnamese man has accomplished an incredible feat by constructing a fully functional wooden replica of Tesla’s highly-anticipated Cybertruck. Truong Van Dao of Bac Ninh, a small town in northern Vietnam, has handcrafted an entire collection of functional wooden vehicles, including a tank, a…
The prediction that 2023 will be the hottest year ever recorded has prompted the UN Secretary-General to declare the end of global warming and the beginning of global boiling. This urgency is especially pronounced in Africa, where drought in the Horn of Africa has led to widespread death and suffering. Even the most polluting nations…
