Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to a company note.

Earlier this month, the group repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.

Praising Prime Minister Narendra Modi after he returned from his maiden state visits to the United States and Egypt, Union minister Meenakashi Lekhi on Monday said that the respect and honour the PM received on foreign soil is for the whole nation.

"The respect and honour Prime Minister Narendra Modi recieved during this state visit, that is for the whole nation," Lekhi said here.

During PM Modi’s visit to the US, Sundar Pichai, Google CEO and Andy Jassy, CEO of Amazon, announced big investment plans after their talks with Prime Minister Narendra Modi. This is an exciting step for India’s digital landscape.

These initiatives are intended to promote local language content, foster digital transformation, open up new job opportunities, and increase international trade in Indian goods.

The investigative wing of the Central Board of Indirect Tax and Customs (CBIC) has slapped a show cause-cum-demand notice on HDFC Life Insurance Company for an amount of Rs 942.18 crore.

This notice pertains to charges of wrongly availing the input tax credit without the underlying supply of services.

Tata Consultancy Services (TCS), India’s largest IT services player, in a statement said that the media report suggesting the involvement of senior executives in bribes for jobs from recruitment firms relates to a breach of the company’s Code of Conduct by certain employees and vendors. It also said that there was no financial impact and does not involve any fraud.

TCS made these clarification to the exchanges in a filing, as a media report said that senior executives involved in hiring thousands of personnel took bribes from staffing firms. The story also stated that TCS’s Resource Management Group (RMG) head has been accepting commissions from staffing firms.

The Madhya Pradesh government will impart industry-oriented training to youngsters and pay them a monthly stipend of Rs 8,000 to Rs 10,000 for a year under the Mukhyamantri Sikho Kamao Yojana (learn-and-earnscheme). The scheme aims to make the state’s youngsters self-reliant. The initial target is to make 100,000 youngsters in the state proficient in more than 800 courses in 46 sectors, such as manufacturing, engineering, management, marketing, tourism, hospitals, railways, information technology, and banking, among others.

Chief Minister Shivraj Singh Chouhan recently said skill development training would be linked with employment.

As many as 17 opposition parties on Friday resolved to fight the 2024 Lok Sabha elections unitedly to defeat the BJP and work with flexibility by setting aside their differences.

Addressing a joint press conference after an almost four-hour-long meeting, during which leaders of 17 parties expressed their views, Bihar chief minister Nitish Kumar said the leaders will meet in the next few days to give final shape to their plan of fighting together.

Gold price fell Rs 430 in Saturday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 59,020, according to the GoodReturns website. Silver price was down Rs 400, with 1 kg of the precious metal selling at Rs 71,100.

The price of 22-carat gold declined Rs 400 with the precious metal trading at Rs 54,100.

Prime Minister Narendra Modi has lauded the members of the US Congress for coming together to celebrate their country's ties with India, saying there must be a contest of ideas at home but people must also come together as one while speaking for the nation.

Modi's remarks in his address to a joint session of the US Congress on Thursday came against the backdrop of Rahul Gandhi's frequent swipes at his government during his visits abroad, which the ruling BJP has often projected as the opposition leader's bid to malign the country from foreign soil to target the central government.

Intel India Chief Nivruti Rai has resigned from the company after working for 29 years. She was the head of Intel's operations in India and vice-president of Intel Foundry Services. She started at Intel in February 1994 as a design engineer.

Releasing a statement at her exit, Intel said that the company is grateful to Nivruti for the tremendous progress Intel India has made under her leadership.

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