NewsBizkoot.com

Tag: report

  • Monsoon Report Today: Heavy rain in these 15 states from today, storm warning has also been issued.

    Monsoon Report Today: Heavy rain in these 15 states from today
    Monsoon Report Today: Heavy rain in these 15 states from at the moment

    Monsoon Latest Updates: For the previous couple of days, the situation of North Indian states is unhealthy because of extreme warmth. On Sunday, the utmost temperature in Delhi was recorded at 44.9 levels Celsius, six levels above regular.

    On Monday also, the sky will probably be clear in Delhi, sizzling winds will blow and the warmth is predicted to extend throughout day and evening. On June 17, extreme warmth wave could happen in Jammu, Himachal Pradesh, Uttar Pradesh, Gangetic West Bengal, Bihar and Jharkhand. However, there’s also a excellent news in the meantime. Heavy rain has been predicted in 15 states from at the moment to the subsequent seven days. There is also a warning of lightning and storm.

    – Advertisement –

    For the northwestern states, the Meteorological Department has predicted that it could take at the least 4 extra days for the monsoon to reach. The Meteorological Department says that in the subsequent 4 days, situations are favorable for the advance of the southwest monsoon into (*15*), Chhattisgarh, Odisha, coastal Andhra Pradesh and a few extra elements of the northwestern Bay of Bengal, the plains of West Bengal, the remaining elements of the sub-Himalayan West Bengal and a few elements of Bihar. At current, the northern states should await a couple of days for reduction from the warmth.

    Heat will proceed to hang-out North India together with Delhi and UP.

    The Meteorological Department says that the utmost temperature is more likely to be 45°C or extra in the areas across the nationwide capital Delhi and north-western Punjab. The most temperature is more likely to be 40°C in the remainder of the Gangetic plain and Ahmedabad in Gujarat. The Meteorological Office mentioned in an announcement that the scorching warmth has also scorched Chandigarh, the joint capital of Haryana and Punjab.

    Also Read: EPFO modified the principles concerning pension, PF and insurance coverage scheme. Details right here

    On Sunday, the utmost temperature right here was recorded at 44.4 levels Celsius. Severe warmth continues in Samrala of Ludhiana, Punjab. While Nuh remained the most well liked place in Haryana. The most temperature in Delhi on Sunday was recorded at 44.9 levels Celsius, six levels above regular. The Meteorological Department has also predicted clear skies, sizzling winds, intense warmth, warmth at evening and robust winds for Monday.

    Heavy rain in these states

    The Meteorological Department says that in the course of the subsequent seven days, gentle to average rain with thunder, lightning and robust winds (30-40 kmph) is probably going in Arunachal Pradesh, Assam and Meghalaya, Nagaland, Manipur, Mizoram, Tripura, Sub-Himalayan West Bengal and Sikkim. Whereas, heavy to very heavy rains could happen in West Bengal, Sikkim, Assam, Meghalaya and Arunachal Pradesh for the subsequent 5 days. Extremely heavy rains could happen at remoted locations in Assam and Meghalaya on 17-21 June. Rains could also happen in Arunachal Pradesh on June 18 and West Bengal and Sikkim on June 17-18. Heavy rains could happen at remoted locations in Odisha on June 20-21. Heavy rains could happen in Jharkhand and Gangetic West Bengal on June 21.

    Heavy rain alert

    Light to average rain with thunder, lightning and robust winds (40-50 kmph) could happen over Konkan and Goa and Madhya (*15*) and Marathwada for the subsequent 5 days. Apart from this, there’s a chance of rain with thunder and lightning and robust winds (30-40 kmph) over Karnataka, Kerala, Lakshadweep and Andaman and Nicobar Islands until June 22. Heavy rains could happen over Kerala on June 17, 18 and 21, over coastal Andhra Pradesh and Yanam on June 18 and 21, over coastal Karnataka on June 20-21, over Konkan and Goa on June 18-21 and over Madhya (*15*) on June 19-20.

    Rain in MP, Rajasthan too

    IMD says {that a} cyclonic circulation has fashioned over southwest Rajasthan and adjoining areas. Therefore, gentle to average rainfall with thunderstorms, lightning and robust winds (40-60 kmph) is probably going over Madhya Pradesh, Vidarbha, Chhattisgarh in the course of the subsequent 5 days and over Rajasthan in the course of the subsequent two days.

    – Advertisement –

  • Virtual Twin Technology Impact Report from Dassault Systèmes and nasscom Highlights 2x Growth in Virtual Twin Adoption in India

    Virtual Twin Technology Impact Report from Dassault Systèmes and nasscom Highlights 2x Growth in Virtual Twin Adoption in IndiaMumbai, 17th June 2024: Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and nasscom in the present day launched a report on the adoption and influence of digital twin expertise.  The report reveals a twofold improve in digital twin implementations post-pandemic. Virtual twin adoption in India may play a vital position in accelerating the design-to-realization course of, serving to organizations obtain their sustainability and circularity objectives throughout the worth chain.

    Here are the important thing findings for India:

    Digital and Process Maturity

    • 57% of Indian enterprises allocate lower than 30% of expertise spending to digital spend
    • Over 50% of the enterprises additionally point out patchy digitalization, with solely the important thing features digitalized, however in silos, thereby limiting efficient ROI realization
    • Less than 1-in-5 corporations have put in place superior course of automation; the bulk have carried out Retrofitted Process Automation (RPA)

    Virtual Twin Budgets and Scale

    • 25% of the businesses shouldn’t have formal budgets for digital twins
    • 80% of the businesses have lower than 7% of tech spend allotted to digital twin adoption
    • 63% of Indian corporations deploy digital twins on the product or course of degree. 40% of these corporations are on the product degree in utilizing digital twins, 23% on the course of degree. Precision in product-market match got here as one of many high three goals for implementing digital twins.

    Deployment Time

    • 75% of digital twin implementations in India take between 12-24 months of deployment time at every degree of product, course of, or system digital twin

    Primary Business Objectives

    • Precision in product market match
    • Manufacturing course of efficiencies
    • Remote upkeep and employee security

    Supplier Strategy

    • 75% of Indian enterprises cite provider choice as a significant problem
    • 50% are evaluating suppliers

    Tech Readiness

    • 70% of Indian companies point out that throughout software program, IT-OT {hardware}, and connectivity tech, they’re nonetheless in the PoC/pilot levels
    • Analytics and AI/ML functions are among the least productionized, after high-definition 3D software program and different specialist functions
    • 67% of enterprises search both best-of-breed software program packages or companion with massive managed service suppliers for his or her digital twin functions

    This report relies on a survey of 130 corporations in India in addition to throughout Europe and APAC, specializing in massive and mid-sized enterprises with annual recurring income (ARR) of $500 million and above. The survey spans 4 main {industry} segments: steady manufacturing, discrete manufacturing, public infrastructure and sensible cities, and life sciences and healthcare.

    “Virtual twin expertise is poised on the brink of transformative potential, marked by a pointy improve in consciousness and early adoptions for the reason that pandemic. Although full-scale implementations and devoted budgets stay restricted, the give attention to optimizing belongings and processes opens up expansive alternatives. Overcoming hurdles in software program procurement, enhancing top-level dedication and ecosystem synergies can unlock groundbreaking improvements, driving industries towards a extra environment friendly and digitally built-in future,” stated Sangeeta Gupta, Senior Vice President & Chief Strategy Officer at nasscom.

    “With our newest report on digital twin expertise influence and adoption in collaboration with nasscom, we’re inspired by the numerous progress in adoption and the emergence of industry-specific use instances. Our report underscores the crucial for organizations to safe high management dedication and navigate software program procurement challenges to attain production-grade capabilities. We stay dedicated to empowering companies in their journey in the direction of enhanced efficiency and operational effectivity by way of digital twin expertise, driving sustainable progress and innovation throughout industries,” stated Deepak NG, Managing Director, India, Dassault Systèmes.


    Mansi Praharaj

  • Notorious gangster Dawood Ibrahim made key CIA asset in Pakistan: FPJ report

    In a extremely vital improvement, the Free Press Journal has reliably learnt that the Central Intelligence Agency (CIA) of the U.S. has made infamous gangster Dawood Ibrahim considered one of its prime property in Pakistan. Hitherto Dawood was part of the Pakistan armed forces’ Inter Services Intelligence (ISI) and was even given the honorary submit of further director-general by the ruthless spy company, as reported by the FPJ on October 1, 2023.

    Dawood Ibrahim
    Designated world terrorist Dawood Ibrahim. Photo: Free Press Journal

    Sources in the Indian safety institution stated now, Dawood, who continually relocates to completely different secure homes in numerous provinces of Pakistan, is immediately reporting to the CIA’s station director in Islamabad, and if the ISI needs one thing performed then it has to route its request via the highly effective American spy company. One of the collateral advantages for the don is that his members of the family now have free entry to international locations in the West.

    Despite his advancing age (68) and sickness, he continues to lord over an enormous empire specialising in terror actions and smuggling narcotics. The major motive why the CIA is evincing eager curiosity in Dawood is that he has a deep community in Afghanistan, which he makes use of for smuggling pure opium from the Helmand valley. He can also be partnering with the ruling Taliban and with the assistance of Tiger Memon, who executed the Mumbai serial blasts of March, 1993, and he’s raking in large time moolah by unlawful mining of gems from Afghanistan.

    Don dwelling below super worry: Sources

    Sources stated he’s now dwelling in deep dread of the “unknown males” of Indian companies who’ve in the current months eradicated a number of terrorists holed up in Pakistan. He isn’t even happening Haj and Umrah journeys to Saudi Arabia as he used to do in the previous.

    The mafia boss can also be affected by acute gastritis and acidity and is unable to manage his excessive stage of diabetes. He is assiduously avoiding late evening events, in contrast to in the previous, the place he was a outstanding fixture in events hosted by the Pakistani elite, together with its military high brass. He is mentally agile, however has left it to his shut aides like Chhota Shakeel to handle his unlawful operations, whereas dealing with solely important assignments handed all the way down to him, earlier by the ISI and now the CIA.

    While Shakeel’s daughter is a profitable physician, the don’s brother Mustaquim’s daughter is a bar-at-law. Mustaquim is independently dealing with multi-crore cricket betting apps at the moment. Dawood’s household, nonetheless, proceed to assist him in his enterprise operations. A senior safety official instructed the FPJ that “Dawood regrets having stayed again in a failed nation like Pakistan. Though he has made billions of {dollars}, he enjoys little freedom. He has to do the bidding of his present bosses.”

    (The article is revealed below a mutual content material partnership association between The Free Press Journal and Connected to India)

  • Housing.com’s The Bharat in India Report

    Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15 percent in Prime Areas: Housing.com’s The Bharat in India Report

    Mumbai, 14th June 2024 – Housing.com, India’s main full-stack proptech firm, has launched its inaugural “The Bharat in India” report at the moment. The report unveils outstanding development tendencies in Tier-2 metropolis actual property markets throughout the nation. It highlights how these as soon as missed city facilities are quickly closing the hole with their Tier-1 counterparts. This development is fueled by financial diversification, rising shopper demand, and reverse migration patterns accelerated by the pandemic.

    According to Mr. Dhruv Agarwala, Group CEO of Housing.com mentioned, “The actual property narrative of India is evolving quickly, with Tier-2 cities like Kochi, Jaipur, Goa, and Chandigarh Tricity rising as new development powerhouses. Our proprietary Property Buy Index reveals Tier-2 cities surpassing the high eight metros by a staggering 88 factors, underscoring their rising prominence and repair sector potential.”

    S.No. City Average Capital Values (INR/sq ft)
    1 Bhopal 3,000-5,000
    2 Chandigarh 8,000-10,000
    Mohali 7,000-9,000
    Zirakpur 7,000-9,000
    3 Coimbatore 5,500-7,500
    4 North Goa 10,000-12,000
    South Goa 6,000-8,000
    5 Jaipur 4,000-6,000
    6 Kochi 6,000-8,000
    7 Lucknow 5,000-7,000
    8 Nagpur 4,000-6,000
    9 Nashik 3,000-5,000
    10 Vadodara 3,000-5,000

    Key highlights from “The Bharat in India” report:

    • Key micro-markets in Tier-2 cities have witnessed vital double-digit capital worth appreciation of 10-15% year-on-year, narrowing the value hole with high metros.
    • Capital values in premium localities of Goa, Chandigarh Tricity, and Kochi at the moment are nearly at par with key markets in Delhi-NCR and Mumbai Metropolitan Region.
    • Tier-2 cities like Goa boast sturdy rental markets with yields as excessive as 8%, in distinction to 2-3% in main metros.
    • Homebuyer preferences are shifting in the direction of high-rise flats and life-style facilities like clubhouses, open areas, and sports activities amenities.
    • Online property searches by potential consumers in the INR 1-2 crore section have surged 61%, whereas the above INR 2 crore bracket has seen a development of 121%.

    “The financial kaleidoscope is shifting, and Tier-2 city clusters are rising as new magnets for the expert workforce and the start-up ecosystem. This report paints a compelling image of India’s evolving actual property panorama and underscores the immense alternatives that lie forward for traders, builders, and homebuyers wanting past the conventional actual property hotspots. Tier-2 cities are not on the sidelines; they’re changing into main gamers, attracting investments and providing engaging alternatives,” Mr. Agarwala added.


    Praveen

  • Housing.com’s The Bharat in India Report

    Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15 percent in Prime Areas: Housing.com’s The Bharat in India Report

    Mumbai, 14th June 2024 – Housing.com, India’s main full-stack proptech firm, has launched its inaugural “The Bharat in India” report at present. The report unveils outstanding progress developments in Tier-2 metropolis actual property markets throughout the nation. It highlights how these as soon as neglected city facilities are quickly closing the hole with their Tier-1 counterparts. This progress is fueled by financial diversification, rising shopper demand, and reverse migration patterns accelerated by the pandemic.

    According to Mr. Dhruv Agarwala, Group CEO of Housing.com stated, “The actual property narrative of India is evolving quickly, with Tier-2 cities like Kochi, Jaipur, Goa, and Chandigarh Tricity rising as new progress powerhouses. Our proprietary Property Buy Index reveals Tier-2 cities surpassing the prime eight metros by a staggering 88 factors, underscoring their growing prominence and repair sector potential.”

    S.No. City Average Capital Values (INR/sq ft)
    1 Bhopal 3,000-5,000
    2 Chandigarh 8,000-10,000
    Mohali 7,000-9,000
    Zirakpur 7,000-9,000
    3 Coimbatore 5,500-7,500
    4 North Goa 10,000-12,000
    South Goa 6,000-8,000
    5 Jaipur 4,000-6,000
    6 Kochi 6,000-8,000
    7 Lucknow 5,000-7,000
    8 Nagpur 4,000-6,000
    9 Nashik 3,000-5,000
    10 Vadodara 3,000-5,000

    Key highlights from “The Bharat in India” report:

    • Key micro-markets in Tier-2 cities have witnessed vital double-digit capital worth appreciation of 10-15% year-on-year, narrowing the worth hole with prime metros.
    • Capital values in premium localities of Goa, Chandigarh Tricity, and Kochi at the moment are nearly at par with key markets in Delhi-NCR and Mumbai Metropolitan Region.
    • Tier-2 cities like Goa boast strong rental markets with yields as excessive as 8%, in distinction to 2-3% in main metros.
    • Homebuyer preferences are shifting in the direction of high-rise flats and life-style facilities like clubhouses, open areas, and sports activities services.
    • Online property searches by potential patrons in the INR 1-2 crore phase have surged 61%, whereas the above INR 2 crore bracket has seen a progress of 121%.

    “The financial kaleidoscope is shifting, and Tier-2 city clusters are rising as new magnets for the expert workforce and the start-up ecosystem. This report paints a compelling image of India’s evolving actual property panorama and underscores the immense alternatives that lie forward for buyers, builders, and homebuyers trying past the conventional actual property hotspots. Tier-2 cities are now not on the sidelines; they’re turning into main gamers, attracting investments and providing engaging alternatives,” Mr. Agarwala added.


    Praveen

  • IMD Rainfall Report: There will be heavy rains and strong winds in these 14 states for 7 days

    IMD has additionally stated that West Bengal, Sikkim, Assam and Meghalaya will obtain very heavy rainfall through the subsequent 5 days. Heavy rainfall can be probably at remoted locations in Arunachal Pradesh.

    IMD Weather Report 12 June:After coming into Kerala, the monsoon is step by step spreading to the remainder of the nation. However, its pace had slowed down in between. The northwest monsoon is at present passing by way of Navsari, Jalgaon, Akola, Pusad, Ramagundam, Sukma, Malkangiri, Vijayanagaram and Islampur. Conditions are favorable for additional development to some extra components of Telangana and Chhattisgarh through the subsequent 24 hours. Due to this, monsoon rains will begin in many states and folks will get reduction from the scorching warmth.

    (*7*)

    – Advertisement –

    According to the forecast issued by the Meteorological Department at 8 am on June 12, gentle to heavy rains accompanied with thunderstorms, lightning and strong winds are probably over Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura in addition to West Bengal and Sikkim through the subsequent 7 days.

    Also Read: School closed: All faculties will stay closed for the following 5 days (June 12 to 16). Check particulars

    The IMD has additionally stated that West Bengal, Sikkim, Assam and Meghalaya will obtain very heavy rainfall through the subsequent 5 days. Heavy rainfall can be probably at remoted locations over Arunachal Pradesh. Extremely heavy rainfall is probably going at remoted locations over Nagaland, Manipur, Mizoram and Tripura throughout June 13-16.

    The Meteorological Department has stated that through the subsequent 5 days, there will be rain at sporadic locations in West Bengal, Bihar, Jharkhand, Odisha together with thunder, lightning and strong winds. During the identical time, winds will blow at a pace of 40-60 km per hour and gentle rain will happen in Madhya Pradesh, Vidarbha, Chhattisgarh.

    The Meteorological Department has stated that there will be rain with strong winds in Konkan, Goa, Madhya Maharashtra, Marathwada, Karnataka, Telangana, Kerala, Mahe and Lakshadweep through the subsequent 2 days.

    Heat wave warning for 5 days

    The climate division has additionally issued a warning concerning warmth wave. IMD has stated that there’s a risk of warmth wave in some areas of (*14*), Punjab, Haryana, Chandigarh, Delhi and Odisha through the subsequent 5 days. At the identical time, the temperature will additionally enhance in some areas of Bengal, Bihar, Jharkhand. There is a risk of warmth wave in some areas of Uttar Pradesh throughout 12-16 June.

    (*7*)

    – Advertisement –

  • Weather Report! IMD has issued a warning of heavy rains along with thunderstorms in these areas

    UP Weather, UP Rains: There is a aid information amidst the warmth in North India. The Meteorological Department has stated that there’s going to be rain, thunderstorm and lightning in the states of North West India together with UP for the following 4 days.

    – Advertisement –

    Apart from this, the heatwave circumstances are additionally going to scale back in the states of North and East India. That is, double excellent news has come collectively.

    Talking concerning the final 24 hours, heatwave circumstances had been recorded in Chandigarh, Delhi, Himachal Pradesh, Punjab, Uttar Pradesh, Western Rajasthan, Eastern Madhya Pradesh. At the identical time, most temperatures had been recorded between 43-46 levels Celsius in Punjab, Haryana, Chandigarh, Delhi, Western Rajasthan and Eastern Madhya Pradesh. Very heavy rains occurred in Meghalaya, Sub Himalayan West Bengal, Sikkim, Manipur. Dust storm additionally occurred in Madhya Pradesh.

    According to the Meteorological Department, Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram, Tripura and Sub Himalayan West Bengal, Sikkim are going to obtain gentle to reasonable rain for the following seven days. On the opposite hand, if we speak concerning the southern states, Kerala, Mahe, Lakshadweep, Andaman, Karnataka, Tamil Nadu, Puducherry, Karaikal, Coastal Andhra Pradesh, Telangana, Rayalaseema are going to obtain gentle to reasonable rain for the following 5 days. On the opposite hand, Marathwada, Konkan, Goa, Madhya Maharashtra may also obtain rain between June 4 and 6.

    Also Read: Petrol Diesel Price Today: New costs of petrol and diesel launched in UP Today, know the charges right here

    Bihar, Jharkhand, West Bengal are more likely to obtain gentle to reasonable rain and thunderstorms on June 4 and 5, Chhattisgarh, Odisha, Vidarbha, Madhya Pradesh for the following 5 days. Due to a new Western Disturbance in North West India, rain is predicted in Jammu and Kashmir, Ladakh, Himachal Pradesh, Uttarakhand for the following 4 to 5 days.

    Talking concerning the plains, rain alert has been issued in Punjab, Haryana, Western Uttar Pradesh on June 4-7, Eastern Uttar Pradesh on June 4 and 5 and Rajasthan on June 5 to eight. At the identical time, warning of thunderstorms and lightning has additionally been issued. Dust storms are predicted in Western Uttar Pradesh, Haryana, Chandigarh, Delhi on June 4 and 5, Western Rajasthan on June 5 to eight and Eastern Rajasthan on June 6 to eight.

    – Advertisement –

  • Zomato shares slide over report claiming 50 pc decline in its stock amid competitioncpm

    zomato

    Online meals aggregator Zomato noticed its shares sliding on Friday after world monetary companies firm Macquarie forecasted a couple of 50 per cent decline in the corporate’s share value in the subsequent 12 months owing to fierce competitors.

    Zomato shares fell over 5 per cent, earlier than recovering a bit, and was hovering round Rs 173 a bit.

    The world brokerage agency has reiterated its “underperform” ranking for Zomato, giving its stock a value goal of Rs 96.

    Zomato

    IANS

    According to studies, Macquarie additionally noticed draw back to each consensus forecast and margins for Zomato-owned fast e-commerce platform Blinkit.

    The report got here as Blinkit turned adjusted EBITDA optimistic in March. Zomato goals to achieve 1,000 Blinkit shops by the tip of FY25.

    Zomato registered a revenue of Rs 175 crore in This autumn FY24.

    Earlier, brokerage agency Emkay Global had maintained a purchase ranking on Zomato with a goal value of Rs 230 per share.

    A Goldman Sachs report additionally mentioned that Blinkit has change into extra worthwhile than Zomato’s core meals supply enterprise.

    (With inputs from IANS)

  • RBI released Annual Report 2023-2024, most frauds are happening in this sector and category

    Banking Fraud The Reserve Bank of India (RBI) gave details about banking fraud in its annual report (RBI Annual Report 2023-2024). RBI stated that the variety of frauds happening in the banking sector elevated to 36075 year-on-year in 2023-24.

    – Advertisement –

    Most of the fraud is happening by means of digital funds. There has additionally been fraud in the mortgage portfolio in the final monetary 12 months.  The Reserve Bank of India ( RBI ) gave details about banking fraud in its annual report (RBI Annual Report 2023-2024). RBI stated that there was a lower in fraud in the banking sector in the final monetary 12 months.

    The variety of frauds happening in the banking sector rose to 36,075 year-on-year in 2023-24. The quantity concerned in this fraud additionally decreased by 46.7 p.c to Rs 13,930 crore.

    According to the RBI report, to curb the fraud in the banking sector and enhance the digital cost expertise, it has began complying with the newly enacted ‘Digital Personal Data Protection Act, 2023’. In this, the small print of the fund switch and the payer shall be verified.

    Also Read: SEBI New Rule: New Internet-Based Trading rule comes into impact from as we speak

    The quantity concerned in fraud in the course of the monetary 12 months 2023-24 was Rs 13,930 crore. This was Rs 26,127 crore a 12 months in the past. In such a state of affairs, the variety of frauds in the course of the monetary 12 months 2023-24 elevated from 13,564 in the earlier monetary 12 months to 36,075.

    In the annual report for the monetary 12 months 2023-24, RBI stated that the instances of Bank Group-Wise Fraud in the final three years point out that most of the frauds have occurred in personal banks. At the identical time, there was much less fraud in public sector banks, but when we discuss concerning the quantity, then the utmost fraud has occurred in the general public sector.

    In which category extra fraud is happening

    If we discuss classes, then primarily most of the frauds have occurred by means of digital funds i.e. card or web. Whereas in the worth category, most of the frauds have occurred in the mortgage portfolio.

    The financial institution stated that evaluation of fraud incidents reported throughout FY 2022-23 and FY 2023-24 reveals a major time-lag between the date of prevalence of fraud and its detection.

    At the identical time, the quantity concerned in frauds in earlier monetary years is 94 per cent of the frauds reported in 2022-23 in phrases of worth.

    89.2 per cent of the frauds reported in 2023-24, by worth, occurred in earlier monetary years.

     

    – Advertisement –

  • Report on acquiring a stake in Paytm totally false: Adani Group

    Adani

    IANS

    The Adani Group on Wednesday categorically denied a media report which claimed that the corporate goes to accumulate a stake in digital funds firm Paytm.

    A media report earlier claimed that the Adani Group was in talks with Paytm to accumulate a stake in the fintech firm, owned by One 97 Communications Limited.

    “We categorically deny this baseless hypothesis. It is totally false and unfaithful,” stated a spokesperson of the Adani Group.

    In a inventory regulatory submitting, Paytm additionally denied any such transfer.

    adani

    IANS

    “We hereby make clear that the information merchandise is speculative and the corporate shouldn’t be engaged in any discussions in this regard,” stated Paytm.

    “We have at all times made and can proceed to make disclosures in compliance with our obligations underneath the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” stated the corporate.

    (With inputs from IANS)