Day: July 16, 2025

Indian Hotels Company Ltd has invested over Rs 165 crore to acquire 3.3 lakh equity shares in its wholly-owned subsidiary, ELEL Hotel and Investment Ltd, through a rights issue. This investment aims to develop Taj Bandstand on the land parcel at Bandstand Bandra, for which ELEL Hotel holds the leasehold rights.

Indian Overseas Bank has reduced its Marginal Cost of Funds-based Lending Rates. The reduction is by 50 basis points across all tenors. The revised rates are effective immediately. The bank’s Asset Liability Management Committee made the decision on July 14. The new overnight MCLR is 8.15 percent. This revision will benefit borrowers with loans linked…

Salman Khan, the Bollywood actor, has sold his apartment located in Mumbai’s upscale Bandra West for Rs 5.35 crore. The apartment, spanning 1,318 sq ft, includes three car parking spaces. The transaction, finalized on Tuesday, involved a stamp duty payment of Rs 32.01 lakh, according to registration documents.

The news came in a company blog post late Monday and Huang also spoke about the coup on China’s state-run CGTN television network in remarks shown on X. “The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said.

Indian consumers will gain access to Lululemon’s full range of athletic and lifestyle apparel, footwear, and accessories designed for yoga, running, training, tennis, and golf. The brand also plans to organise community events and wellness experiences to strengthen its local presence.

Advanced Micro Devices, AMD, plans to resume shipping MI308 chips to China. This follows US approval after a similar decision for Nvidia. The US Commerce Department will review AMD’s license applications. Earlier restrictions on MI308 chips were projected to cost AMD $800 million. Nvidia also received approval to ship its H20 AI chip to China.

Uber and China’s Baidu are partnering to deploy thousands of Baidu’s Apollo Go autonomous vehicles on the Uber platform across several global markets outside of the U.S. and mainland China, the companies said on Tuesday.

Britain initiated a secret plan. This plan aimed to relocate thousands of Afghans to the UK. A data breach exposed personal details. This put many at risk from the Taliban. The breach involved a soldier’s error. It compromised over 33,000 individuals’ information. The government is facing lawsuits. The relocation scheme’s cost could reach billions of…

The Unique Identification Authority of India emphasizes biometric updates for children’s Aadhaar. Parents should update their children’s biometrics at age seven to avoid deactivation. Updating between ages five and seven is free. Afterwards, a fee applies. Updated Aadhaar ensures access to services like school admissions and scholarships. Visit Aadhaar Seva Kendra to complete the update.

Perplexity AI, backed by Nvidia, launched Comet, a web browser with AI-powered search capabilities, earlier this month, as the startup seeks to challenge the dominance of market leader Alphabet’s Google Chrome. On the issue of online backlash on Perplexity’s products, with comments like “Perplexity is dead,” Srinivas said they are always fun to read.