SEBI proposes stricter rules for listed companies to strengthen corporate governance
New Delhi, Feb 9 (IANS) The Securities and Exchange Board of India (SEBI) has proposed new rules to improve corporate governance at listed companies. These proposals focus on revising the format of the Annual Secretarial Compliance Report (ASCR), setting eligibility criteria for appointing auditors, and introducing monetary limits for approvals of Related Party Transactions (RPTs). […]
OYO reports Rs 166 crore profit in Q3, revenue jumps 31 pc
New Delhi, Feb 9 (IANS) Travel tech unicorn OYO on Sunday reported a strong financial performance in the third quarter (Q3) of FY25, posting a profit after tax (PAT) of Rs 166 crore. This is a significant rise compared to Rs 25 crore in the same period last year (Q3 FY24). The company’s revenue also […]
Meta likely to lay off thousands of employees, says leaked memo
New Delhi, Feb 9 (IANS) Tech giant Meta is expected to lay off around 3,000 employees, which is about 5 per cent of its total workforce, as per a leaked internal memo, reports said on Sunday. According to the report, the memo, posted by Janelle Gale, Meta’s Vice President of Human Resources, was shared on […]
German shipper mulls placing container ship order with Hanwha Ocean
Seoul, Feb 9 (IANS) German shipping firm Hapag-Lloyd may turn to South Korean shipbuilder Hanwha Ocean Co. for its next batch of container ship newbuildings worth over 1.7 trillion won ($1.2 billion), according to foreign news media. Hapag-Llyod is considering placing an order to build six liquefied natural gas (LNG) dual-fuel container carriers with Hanwha […]
Egypt’s FM heads to Washington for talks with US officials: ministry
CAIRO(RAHNUMA): Egyptian Foreign Minister Badr Abdelatty traveled to Washington on Sunday for talks with senior officials from the new Trump administration and members of Congress, his ministry said. The ministry’s statement said the visit aimed “to boost bilateral relations and strategic partnership between Egypt and the US,” and would include “consultations on regional developments.”
Sudan to form new government after regaining Khartoum, say military sources
DUBAI(RAHNUMA): The formation of a new Sudanese government is expected to happen after the recapture of Khartoum is completed, military sources told Reuters on Sunday, a day after army head Abdel Fattah Al-Burhan said he would form a technocratic wartime government. The Sudanese army, long on the backfoot in its war with the paramilitary Rapid […]
UAE’s G42, Microsoft launch Responsible AI Foundation
LONDON(RAHNUMA): The Emirati artificial intelligence company G42 and Microsoft launched the first Responsible AI Foundation in the Middle East on Sunday. The Responsible AI Foundation aims to promote responsible AI standards and best practices in the Middle East and Global South, with support from research partner Mohamed bin Zayed University of Artificial Intelligence. In collaboration […]
Telangana people want double-engine government, claims Kishan Reddy
Hyderabad, Feb 9 (IANS) Union Coal and Mines Minister and Telangana BJP president G. Kishan Reddy claimed on Sunday that the people of Telangana also want the double-engine government of BJP in the state. He participated in the celebrations organised by BJP at its Telangana headquarters here to celebrate the party’s massive win in the […]
MLA who defected to Congress from BRS ready to face by-elections
Hyderabad, Feb 9 (IANS) Former Telangana Deputy Chief Minister Kadiyam Srihari, one of the 10 BRS MLAs who defected to Congress last year, said on Sunday that if by-elections are to be held, he would not run away from them but would face them. Stating that the matter related to 10 MLAs joining Congress was […]
Telangana CM urges southern states to unite to protect their rights
Hyderabad, Feb 9 (IANS) Telangana Chief Minister A. Revanth Reddy on Sunday called on all southern states to unite to protect their rights. Terming termed delimitation of assembly and Lok Sabha Constituencies a contentious issue, he said the southern states were being punished for successfully implementing family planning and developing fast when compared to northern […]
