Business

India’s Domestic Air Traffic Sets New Record: Over 4.7 Lakh Passengers in a Single Day

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April 22, 2024

India’s domestic air travel sector reached a new pinnacle on Sunday, recording an all-time high of 4,71,751 passengers in a single day, surpassing pre-Covid averages significantly. This 14% increase over the earlier average of 3,98,579 passengers reflects a robust recovery and expansion within the Indian aviation industry. Key Highlights from the Record-Breaking Day: Factors Contributing…
RIL Q4 Earnings Report: PAT Dips Slightly Despite Record Yearly Profits

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April 22, 2024

Reliance Industries Limited (RIL), led by Mukesh Ambani, has announced its financial results for the fourth quarter of the fiscal year ending March 31, 2024. Despite a modest decline of nearly 2% in quarterly profits, the conglomerate reported a Profit After Tax (PAT) of Rs 18,951 crore ($2.27 billion) for the quarter. The dip in…
Gold Prices Climb in India: Detailed City-wise Rates for April 22

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April 22, 2024

On April 22, gold prices in India showed a marked increase, with the rate for 10 grams of gold stabilizing across various cities. Despite the fluctuations earlier in the week, the gold market demonstrated resilience, with 24-carat gold trading at around Rs 74,230 per 10 grams and 22-carat gold at approximately Rs 68,040. Alongside gold,…
Musk’s Strategy Shift? Tesla Cuts Prices in China After Postponing Modi Meeting

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April 21, 2024

In a surprising turn of events, Tesla has reduced the prices of its electric vehicles in China shortly after postponing a highly anticipated meeting between CEO Elon Musk and Indian Prime Minister Narendra Modi. This move has sparked speculation about Tesla’s strategic focus and market prioritization. Key Developments in Tesla’s Global Strategy: Tesla’s recent maneuvers…
Bitcoin Halving Completed: Know Market Potentials and Benefits

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April 20, 2024

The cryptocurrency world witnessed another milestone as Bitcoin, the premier digital currency, underwent its latest halving—an event that reduces the reward for mining transactions by half, occurring approximately every four years. This halving event has left the Bitcoin community and financial analysts pondering its potential impacts on the market and the underlying blockchain technology. Mixed…
Zomato Faces ₹11.82 Crore GST Demand and Penalty for Export Services

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April 20, 2024

Zomato, the prominent online food delivery service, has been slapped with a significant tax demand and penalty totaling Rs 11.82 crore by the Central Goods and Services Tax (CGST) authority in Gurugram. The demand pertains to the GST on services exported to its subsidiaries outside India, spanning from July 2017 to March 2021. Key Details…
Pragya Misra has recently joined OpenAI as its first employee in India

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April 19, 2024

Pragya Misra has recently joined OpenAI as its first employee in India, taking on the role of government relations head. This strategic hire underscores OpenAI’s initiative to navigate the complex regulatory landscape surrounding generative AI technologies in India. Here’s a closer look at Pragya Misra’s background and her new role at OpenAI: Pragya Misra’s Role…
Investigation Reveals High Sugar Content in Nestle’s Baby Food Products in India

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April 18, 2024

An investigative report by Public Eye has brought to light concerning discrepancies in the sugar content of Nestle’s baby food products sold in India compared to those in developed countries such as the United Kingdom, Germany, and Switzerland. This revelation has sparked a debate over Nestle’s commitment to international health guidelines designed to combat obesity…
Zomato Launches India’s First ‘Large Order Fleet’ for Big Gatherings

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April 16, 2024

Zomato, a leading name in India’s online food delivery sector, has unveiled a pioneering initiative: the country’s first large order fleet. This new service is designed to cater to gatherings of up to 50 people, streamlining the delivery process for large events such as parties and corporate gatherings. Announced by CEO Deepinder Goyal, this innovative…
Will Paying to Post on X Curb Spam, or Stifle User Growth?

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April 16, 2024

Elon Musk has announced a significant change to X (formerly known as Twitter): a new paid tier that will require users to pay to post, reply, or even like content. This move aims to combat spam and bot activity on the platform. As this model prepares to go live, it raises a critical question: Will…