How three men passionate about 'cool' motorcycles are trying to make India fall in love again with Jawa and Yezdi, with a leaf out of Royal Enfield's book

Jawa

August tax mop-up gives boost to govt finances

Tax revenue

The windfall tax on petroleum crude will be raised to 12,100 rupees ($145.65) per ton from 10,000 rupees ($120.37), effective Sept. 30

Exxon Mobil, Chevron reap over $31 billion profit from energy crunch

oil, fossil fuel, opec, crude oil, energy

No official memo for employees across the company, say sources

Cut to 2019, L&T was on the buyer side of the table of a hostile takeover of tech company Mindtree

SN Subrahmanyan

Aditi Nayar, chief economist, ICRA, said the indicative borrowing amount for Q3FY24 is broadly along expected lines

RBI, Reserve Bank of India

The initial public offer of integrated facilities management company Updater Services was subscribed 2.90 times on the final day of subscription on Wednesday.
The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data.
The portion for qualified institutional buyers (QIBs) was subscribed 4.48 times while the quota for retail individual investors (RIIs) received 1.38 times subscription. The non-institutional investors part got subscribed 85 per cent.
The Rs 640 crore IPO had a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 80 lakh equity shares by a promoter and existing shareholders.
The price range for the company's IPO was Rs 280-300 a share.
Updater Services has raised Rs 288 crore from anchor investors.
Proceeds from the fresh issue will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives, and general corporate purposes.
The company offers

Times Higher Education's (THE) World University Rankings 2024 was topped by the UK's University of Oxford followed by USA's Stanford University and Massachusetts Institute of Technology

Education, study material

Within ten days of its launch, the PM Vishwakarma scheme has received more than 1.40 lakh applications, Union Minister Narayan Rane said on Wednesday.
The Minister for Micro, Small, and Medium Enterprises, through his post on X (formerly Twitter), wrote that PM Vishwakarma Yojana is a result of Prime Minister Narendra Modi's vision and receiving of such high numbers of applications within ten days of the launch is a testament to its success.
He further stated that the PM Vishwakarma Scheme will be a milestone for the comprehensive development of our socially and economically underprivileged Vishwakarma brothers and sisters and it will restore their lost identity which has been long awaited.
The Union Minister said that this scheme aims to enhance traditional artisans and craftspersons production capacity and take their products to domestic and global markets. Under the scheme, 18 types of artisans and craftsmen will be benefited.
Skill training will be provided to the beneficiaries

An artist gives final touch to the idols of Lord Ganesha ahead of the Ganesh Chaturthi festival, in Nagpur on Saturday.

India's higher educational institutions on Wednesday agreed in principle to create an 'Agri-Consortium' to give a push to startups in the agriculture sector.
An in-principle framework in this regard was adopted by participating higher educational institutions (HEIs) during the 'Agri-Entrepreneurship in South Asia' Consortium-2023 that concluded at the Indian Institute of Management, Kashipur, on Wednesday.
The two-day event was aimed at providing a common platform for academicians, researchers, students, and industry professionals to interact and deliberate on the latest trends and advancements in technology, research, funding avenues and requirements in the agriculture industry, an IIM Kashipur press release here said.
The HEIs agreed to share startup databases among consortium members, disseminate startup support programmes, and networking, and share best practices on the platform.
The event was organised by the Foundation for Innovation & Entrepreneurship Development (FIED), an

startups, funding, business

Who is to blame for India's pilot shortage? Is junk food the new cigarette? Are consumption stocks a good bet ahead of festive season? What is govt's borrowing programme and calendar? All answers here

TMS Ep531: Pilot shortage, junk food, consumption stocks, govt borrowing

In a bid to further strengthen its presence in Karnataka, Texas-based technology conglomerate Dell is considering a fresh investment in its research and development (R&D) centre in Bengaluru, according to the office of Karnataka Large and Medium Industries & Infrastructure Minister M B Patil.
The company already operates a prominent research and development centre in Bengaluru. At the global level, Dell operates around 25 manufacturing facilities with 14 of these facilities dedicated to R&D.
On Friday, senior officials from Dell held meetings with Patil at Austin in the USA and sought support from the Karnataka government to overcome import restrictions on Special Economic Zone (SEZ) operations, which would enhance cost sustainability for Dell's expansion in India, his office said in a statement here.
A business delegation led by Patil is visiting various states in the US to attract investments into the state.
The delegation also met leading semiconductor manufacturing ...

Dell, Dell Technologies

As the advancement of Artificial Intelligence (AI) has given rise to new possibilities in the world of literature, experts and translators feel that there is still time before such tools learn to translate human emotions.
Looking at the increasing presence of AI in all spheres of life, while some translators believe that such technologies could give birth to new opportunities in translation, others are of the opinion that it could also lead to a crisis-like situation.
Speaking to Bhasha on the occasion of International Translation Day on Saturday, Kolkata-based translator and writer V Ramaswami, said that at present, the vocabulary of the machine is very limited, necessitating a human translator to correct it later.
"The vocabulary of the machine is very limited. Yes, one can use Google Translate and then fix and edit it. I am sure this is also being done. But I think it's much quicker to translate it yourself than to correct a mistranslation again. Hence, the need for a human ...

AI, google, Artificial Intelligence

Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.
This is the company's second attempt to go public.
Earlier, the company filed draft papers with the Securities and Exchange Board of India (Sebi) in August 2021 for floating an Initial Public Offering (IPO) but deferred the maiden public issue amid uncertain market conditions.
According to the Draft Red Herring Prospectus (DRHP) filed on Thursday, the IPO comprises fresh issuance of equity shares worth Rs 250 crore and an Offer For Sale (OFS) of 1.42 crore equity shares by Banyantree Growth Capital II, LLC.
Besides, the company is looking to raise Rs 50 crore in a pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced.
Proceeds of the fresh issue will be used for payment of debt and general corporate purposes.
The Kerala-based company is a leading divers

Germany's government rebuked X owner Elon Musk after he criticised the recent work of migrant rescue ships that German humanitarian groups operate in the Mediterranean Sea.
Musk late Friday shared a video that showed migrants and aid workers on a boat.
The right-wing account that first put the content on X, formerly known as Twitter, praised the populist far-right Alternative for Germany party, which has taken a hard line on migration issues.
Is the German public aware of this? Musk wrote in his repost.
The German Federal Foreign Office replied to Musk directly on X, writing: Yes. And it's called saving lives.
Musk responded that he doubted the German public supports the actions of non-governmental organisations that take asylum-seekers from unseaworthy vessels in the Mediterranean.
He also asserted it was surely a violation of Italy's sovereignty for German-operated ships to bring rescued migrants to Italian territory.
So you're actually proud of it. Interesting, he wrote to th

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TMS Ep531: Pilot shortage, junk food, consumption stocks, govt borrowing

Dell mulls fresh investment in Bengaluru, seeks state govt support

AI far from translating emotions effectively; it is still a threat: Expert

Popular Vehicles and Services Ltd files IPO papers with Sebi again

Elon Musk, German govt spar on X over maritime migrant rescue operations

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Change of guard at L&T: Size, scale key challenges for S N Subrahmanyan

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