Latest news with #Rs.
India.com
13 hours ago
- Business
- India.com
Not Mukesh Ambani's Reliance or Ratan Tata's TCS, this company emerges as India's top foreign earnings firm, total earnings was Rs..., company is...
Not Mukesh Ambani's Reliance or Ratan Tata's TCS, this company emerges as India's top foreign earnings firm, total earnings was Rs..., company is... India's leading IT company, Infosys, has outperformed major firms like Reliance and TCS when it comes to earning money from foreign markets. Thanks to its strong global presence and digital transformation services, Infosys has shown impressive growth internationally. In the fourth quarter of the financial year 2024-25, Infosys earned a total revenue of Rs. 40,925 crore. Out of this, a massive USD 473 million (over Rs. 37,000 crore) came from international business. That means nearly 90 per cent of the company's total income came in US dollars. Even in the third quarter of the same financial year, Infosys had done very well globally. The company earned Rs. 41,764 crore in total, and out of that, USD 493.9 million came from foreign clients. This clearly shows that a major part of Infosys' earnings comes from outside India. Infosys earns big from these countries Infosys is doing extremely well in international markets. The company offers IT services in several countries, especially in North America, Europe, the Middle East, Australia, and Japan. Over the past few years, Infosys has seen strong growth in financial services in the US and Europe. Looking at the numbers for the financial year 2023-24, Infosys earned USD 18.6 billion in revenue. Out of that, more than 97 per cent came from foreign markets. Around 61 per cent of this was from North America, 25 per cent from Europe, 11 per cent from regions like the Middle East, Australia, and Japan, and only 3 per cent from India. These numbers clearly show that most of Infosys' income comes from developed regions like North America and Europe. Even though companies like Reliance and TCS may have higher overall revenue, when it comes to earnings from outside India, Infosys leads the way. Reasons behind Infosys' global success Infosys has outperformed many Indian companies in terms of foreign revenue by taking several smart steps. Here's how they did it: Focus on Digital Services: Around 57 per cent of Infosys' total income comes from digital services like cloud computing, data analytics, and artificial intelligence. Its AI platforms like Aster and Topaz are built especially for global clients. Global Reach: Infosys operates in over 55 countries. Among them, North America and Europe are the strongest markets. Strategic Acquisitions: In recent years, Infosys has acquired several companies that have helped improve its digital and marketing capabilities. Skilled Workforce: Infosys focuses heavily on upskilling its employees in digital technologies. About 85 per cent of its global workforce is based in India. The company is well known for its talented and tech-savvy employees. While Infosys has seen great success in foreign markets, fluctuations in the value of the Indian rupee can impact its foreign earnings.
Deccan Herald
a day ago
- Politics
- Deccan Herald
Rain pounds Mangaluru, disrupts normal life across Dakshin Kannada district
District-in-charge Minister Dinesh Gundu Rao announced a compensation of Rs. five lakh each to the victims of landslides. Assembly Speaker U.T. Khader urged the government to appoint a special officer to review the rain situation in the district.
NDTV
a day ago
- Automotive
- NDTV
Honda EV O Electric Motorcycle Launched In China; Unlikely To Be Launched In India
Honda recently took the wraps off its first ever electric motorcycle and has launched the same in China. The Honda EV O was designed and developed with Guangzhou, Honda's Chinese partner, under the brand name Wuyang-Honda. The EV O is offered in two variants - one with 4.1 kWh dual-battery pack and the other with a 6.2 kWh triple-battery pack. The former has a claimed range of 120 km and the latter has a range of 170 km. Prices for the EV O start at 29,999 yuan (Rs. 3.56 lakh) and go up to 36,999 yuan (Rs. 4.4 lakh), based on current exchange rates. The 4.1 kWh variant weighs 143 kg and requires approximately 1.5 hours for a full charge with a home-charger and 1 hour with a fast-charger. It has a top speed of 110 kmph. In contrast, the 6.2 kWh version tips the scales at 156 kg and extends the charging time to around 2.5 hours. Both models get the same electric motor which has a peak power output 15.3 kW. Built around a forged aluminium chassis, the Honda EV O features a distinctive 16-inch front and 14-inch rear wheel setup. Braking duties are handled by single disc brakes at both ends and dual-channel ABS is standard. In terms of technology, the EV O gets dual dash cam offering. The base 4.1 kWh variant includes a front-facing camera, while the 6.2 kWh model adds a rear dash cam for comprehensive video recording. Both trims come equipped with twin seven-inch TFT displays, offering access to features such as navigation, riding mode selection, music control, and a tyre pressure monitoring system. There are three riding modes on offer too - Eco, Normal, Sport. The design on the Honda EV O is that of a retro café racer and the battery pack in neatly integrated into the Aluminium chassis. Other design highlights include a round LED headlight, clip-on handlebar, single-piece seat and bar-end mirrors, details that you would see on a modern classic motorcycle. The fact that Honda built this motorcycle with a Chinese partner means that it is unlikely to be launched in India. It could have been a good alternative to the Ultraviolette F77.
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First Post
a day ago
- Business
- First Post
Who is Leena Gandhi Tewari, who bought India's costliest flats for Rs 639 crore in Mumbai's Worli?
Leena Gandhi Tewari, chairperson of pharmaceutical company USV Ltd, has purchased two sea-facing duplex apartments for Rs 639 crore in Mumbai's Naman Xana, a luxury 40-storey tower on Worli Sea Face, offering sweeping views of the Arabian Sea. Including stamp duty and GST of Rs 63.90 crore, the total transaction value stands at Rs 703 crore. This is the most expensive residential property deal ever recorded in India read more Leena Gandhi Tewari is the chairperson of pharma company USV Ltd. Image: X Leena Gandhi Tewari, the chairperson of pharma company USV Ltd, has bought two sea-facing duplex apartments in Mumbai's upscale Worli area for Rs 639 crore. This is the costliest residential property transaction ever recorded in India, and among the biggest real estate deals in the country. The apartments cover floors 32 to 35, and the price works out to Rs 2.83 lakh per square foot, likely the highest rate seen in any residential market in India so far. STORY CONTINUES BELOW THIS AD With stamp duty and GST of Rs 63.90 crore, the total value of the deal comes to Rs 703 crore. As per property registration documents, the transaction was registered on May 28. But who is Leena Gandhi Tewari? What do we know about these apartments? As we break this down, what are some of the other most expensive real estate deals in India? And why are many pharma industry promoters and executives choosing to invest in luxury homes in Mumbai? Let's get you the answers to these questions and more. Leena has bought two sea-facing duplex apartments in the luxury high-rise Naman Xana on Worli Sea Face. The 40-storey tower offers clear views of the Arabian Sea. The duplexes span four floors, from the 32nd to the 35th, covering a total area of 22,572 square feet. At Rs 2.83 lakh per square foot, this makes it one of the highest-priced home purchases in India. In addition to the purchase cost, Leena also paid Rs 63.9 crore in stamp duty and GST, pushing the total amount spent to nearly Rs 703 crore. Mumbai has seen a sharp rise in big-ticket property purchases in recent months. Reuters/File Photo This makes it the most expensive residential deal ever recorded in the country. According to Fortune Magazine, the Naman Xana building was designed by Talaty & Partners LLP. It features 22 exclusive homes with open layouts of around 6,500 square feet, offering wide views of both the sea and the city. STORY CONTINUES BELOW THIS AD Part of Mumbai's ultra-premium property segment, the tower also enjoys improved access due to the new Coastal Road. Who is Leena Gandhi Tewari? Leena is a well-known name in India's pharmaceutical industry and serves as the chairperson of USV Private Limited. She has a net worth of $3.7 billion (over Rs. 30,000 crores) as of 2023, and is among India's richest women. USV was set up in 1961 by her grandfather, Vithal Balkrishna Gandhi. The company is a top player in India's market for oral anti-diabetic and heart-related medicines. It also makes active pharmaceutical ingredients (APIs). Notably, Leena holds a from the University of Bombay and an MBA from Boston University. Her husband, Prashant Tewari, is the Managing Director of USV. Their daughter, Aneesha, has a PhD in molecular biology from MIT, and their son, Vilas, is a computer science graduate from Boston. Both are on the company's board. India's most expensive real estate deals Billionaire banker Uday Kotak and his family purchased nearly the entire 19 Shiv Sagar building in Worli, a sea-facing property, for Rs 426 crore. As per documents reviewed by The Economic Times, the Kotak family had already bought 13 of the 24 apartments in this upscale building through deals completed in January and September 2024. STORY CONTINUES BELOW THIS AD Their latest purchase in April 2025 added another 8 apartments, taking their total to 21. Only two flats remain to be formally transferred to their name. These apartments in the two-storey building were bought at nearly Rs 2.72 lakh per square foot, the report said. In another high-value transaction, the promoters of Metro Brands purchased a large apartment in the under-construction Palais Royale in Lower Parel for Rs 405 crore. The flat measures over 38,000 square feet. According to data analysed by real estate consultancy Anarock, a total of 59 ultra-luxury homes were sold in 2024, with an overall sales value of around Rs 4,063 crore. This marked a 17 per cent rise in the total value of such deals compared to the previous year. Mumbai led the market with 52 out of these 59 deals, accounting for 88 per cent of all ultra-luxury property sales. Of the 17 deals that crossed Rs 100 crore in 2024, 16 were in Mumbai and one in Delhi-NCR (Gurugram). According to Business Standard, Mumbai's transactions included 14 apartments in Worli, Malabar Hill and Pali Hill, and two bungalows in Cuffe Parade and JVPD. STORY CONTINUES BELOW THIS AD This is the costliest residential property transaction ever recorded in India. Reuters/File Photo Mumbai's luxury housing sees high demand from the pharma sector Mumbai has seen a sharp rise in big-ticket property purchases in recent months. Among the major deals, the Kabra family of RR Kabel bought two apartments at 360 West in Worli for nearly Rs 200 crore. The promoters of Metro Brands picked up a large flat at Palais Royale in Lower Parel for Rs 405 crore, with the unit measuring over 38,000 square feet. Similar high-value deals have taken place at Lodha Malabar and other luxury projects across South Mumbai. In April, the city recorded its highest number of property registrations, which maintains its position as India's priciest and most active real estate market. South and Central Mumbai, which host the country's most expensive homes, continue to draw industrialists, senior executives, celebrities and sports stars. These areas have led the latest wave of record-breaking transactions. So what's behind the growing interest from pharma industry leaders? Real estate experts told Hindustan Times that the post-Covid jump in wealth has made luxury homes a go-to choice for pharma promoters and executives. They see such properties as both a stable investment and a symbol of success. STORY CONTINUES BELOW THIS AD As per documents accessed by Zapkey, Vibha Shanghvi, wife of Sun Pharma chairman and managing director Dilip Shanghvi, bought two flats worth Rs 130 crore in Worli last year. The apartments are in the same project where Leena Gandhi Tewari recently purchased her duplex units. Sandeep Reddy, co-founder of Zapkey, told HT that pharma promoters are snapping up luxury trophy homes at prices that often exceed market norms. He added that a strong fear of missing out (Fomo) is playing a big role in driving these record buys.
Time of India
2 days ago
- Business
- Time of India
Living next to Mark Zuckerberg's meta data centre, the shocking reality is quite disturbing
Who doesn't want their country to prosper? Absolutely no one. Yet, behind those gleaming technological advances, the birth of artificial intelligence, made for our leverage, has yet again proven to be a liability. Powering everything from social media to search engines lies a sprawling infrastructure of data centers, which are responsible for operating AI applications such as the very famous ChatGPT, Grok, Google Gemini, and others. Energy-hungry supercomputers that are embedded with a large number of data sets are quietly reshaping American neighborhoods, their ecosystems, and utility bills. A recent YouTube video shared by 'More Perfect Union,' titled 'I Live 400 Yards From Mark Zuckerberg 's Massive Data Center', sheds light on the growing concerns and living conditions of residents of Gallatin, Tennessee, home to Meta's largest and growing data centers. This video further highlights the broader implications that people are victims of, the cost humans pay for the budding AI centers, and their hunger for more power. How does it do justice to people struggling for the bare minimum, such as water, every day? Everybody wants to lead a healthy, stress-free life. But that sure did seem impossible for Beverly and Jeff Morris, living in Mansfield, Georgia. Longtime residents who now live within 400 yards of Meta's 2 million square foot data center which started building back in 2018. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Once a serene country home, now their property has become a battlefield for tech giants and their empire expansion. 'They destroyed the environment. Took down all the trees across the road,' says Beverly. Picture yourself living in a place where you turn on the tap and there is little to no water. Whatever water comes is limited, and that too is contaminated with sediment, presumably linked to the nearby construction that is going on. The problem? Appliances have failed, water is cold, and their electricity bills, which once costed around $250 (Rs. 21,242), have doubled up to $400 monthly (Rs. 33,000 approx.) AI's insatiable appetite The rise of AI, including tools such as ChatGPT and Meta's Grok, is accelerating the demand for data processing power. Unlike the traditional method of cloud computing. AI models require exponentially more electricity to train and operate. Did you know? Back in January 2023, an MIT Technology Review article referenced work done by Alex De Vries, a researcher from Vrije Universiteit Amsterdam and founder of Digiconomist, a platform analyzing the environmental impact of digital trends, stated that If a search is being conducted using ChatGPT, it takes 29.9 watt-hours, and a standard Google search takes about 0.003 watt-hours, so the AI-powered query could roughly use 1,000 times more energy. This makes the picture pretty clear; while the exact number might vary, the 30 times more energy figure is a conservative average used to highlight the increasing energy demands of AI search compared to how traditional searches were done. How are the nearby communities being affected? The data centers, which should invite footfall and introduce revenues and funding for educational centers, have expenses for surrounding communities that are harsh and not at all reasonable. In Fayette County, roughly 50 miles from Georgia's state capital, it's the same story as in Mansfield. Jean and Joe Marschall reside next to an enormous QTS data center that is being built. Rezoning ordinances were issued by the residents without their approval, subjecting them to the constant noise, light pollution, and dust. "They do nightly pours over here… The lights are shining… 2:00, 3:00 in the morning," Joe Marschall says. Economic agencies and development authorities claim the land has produced more in tax revenues. In 2024, QTS's raw land property produced $1.13 million in taxes—compared to only $36,000 in 2021. But to residents, the price tag isn't merely monetary; it's personal, environmental, and psychological. Are the big tech companies silent? Or is it a pattern? Silence speaks volumes. Especially when it comes to environmental and economic implications. Despite multiple and rigorous requests, neither Meta nor QTS agreed to be interviewed or offer facility tours for the report. As per the residents, there needs to be legislation to protect them (residents). Because by all accounts, data center growth is going to be very fast. Well, on the brighter side, all we see is the revolution, the big transformation, and the ease of working. But some people are paying for what they did not ask for. For us, residents like the Morrises and Marschalls are now struggling with noise, water supply, and surging bills. Is this the new era? Where progress is measured in watts and communities are left in the dark shadows of supercomputers and underground cables, which they did not ask for?
