Category: Business
-
FIR Filed Against Virat Kohli-Owned Pub on MG Road by Bengaluru Police !
The Bengaluru police have filed a First Information Report (FIR) against One8 Commune, a pub owned by Indian cricketer Virat Kohli. It has been reported that the FIR was registered due to the pub exceeding the allowable operating hours set by the city. The Deputy Commissioner of Police (DCP) Central mentioned, “Several pubs have been…
-
PM Modi Set to Meet Putin in Moscow: Understanding Russia’s Strategic Importance to India !
Prime Minister Narendra Modi is scheduled to meet Russian President Vladimir Putin on Monday during his inaugural bilateral visit to Moscow since taking office for the third term, underscoring the significance of the relationship between the two nations. The 22nd India-Russia Summit is taking place in Moscow against the backdrop of the conflict in Ukraine.…
-
Patanjali Foods Set to Acquire Patanjali Ayurved Business in Landmark Deal !
Patanjali Foods Ltd’s board has given the green light to the proposal from Patanjali Ayurved Ltd to acquire its Home and Personal Care Business, marking a significant move in the company’s evolution into a major player in the FMCG industry. The HPC business of PAL currently holds a strong position in India’s FMCG sector and…
-
“Adani Enterprises to Invest ₹1.75 Lakh Crore in Airports Business Over Next Decade: Report”
According to the Economic Times, Adani Enterprises is set to invest approximately Rs 1.75 lakh crore ($21 billion) in its airports business over the next decade. This substantial investment will be overseen by Adani Airport Holdings, which currently operates seven airports in India. The initial phase of city-side development has already commenced at airports in…
-
“Transparency in Action: Quant Mutual Fund Clarifies Sebi Investigation into Front-Running Case”
Quant Mutual Fund has released a statement following a media report that implied an investigation by the Securities and Exchange Board of India (Sebi) into alleged front-running activities. The company has reassured investors of its dedication to cooperation and transparency. The statement emphasized that Quant Mutual Fund is a regulated entity and is fully committed…
-
Adani AGM 2024: Gautam Adani Claims ‘Hindenburg Incident was a Defamation Attempt’
During the 32nd annual general meeting of the conglomerate, Gautam Adani, the Chairman of Adani Group, addressed the Hindenburg incident. He stated that the incident was an attempt to defame the conglomerate and was a two-sided attack that included vague criticism regarding their financial standing. Last year, a scathing report by a US shortseller, Hindenburg,…
-
Nvidia Overtakes Microsoft as World’s Most Valuable Company!
On Tuesday, Nvidia experienced a significant surge in its share price, with a rally of over 3%. This propelled the chip maker to claim the title of the world’s most valuable company, surpassing tech giant Microsoft. According to Reuters, Nvidia shares climbed by 3.5% to reach $135.58, resulting in a remarkable increase in its market…
-
“Top Picks for Today: Ixigo, HAL, Vodafone Idea, Wipro, Zomato, Paytm, and Ashoka Buildcon”
The upcoming shortened week in the domestic stock market is expected to begin with a sense of caution, following a period of fatigue and time-related adjustments last week. However, there are a few specific shares that will attract attention due to individual corporate developments. Here are some stocks to keep an eye on today. Zomato:…
-
“Tech Layoff 2024: Microsoft and Google Slash Jobs in Early June, Hundreds Affected”
The tech sector is still grappling with a wave of layoffs as June kicks off. Despite significant job cuts in 2023, this year has seen a persistent trend of layoffs, especially in the second quarter with 21,473 job reductions in April and 9,742 in May. Regrettably, the situation seems to be worsening again, as over…
-
“Exit Poll Euphoria Ignites Dalal Street Rally, Investors Gain Rs 11 Lakh Crore”
Indian stock markets experienced a significant surge on Monday, following the release of exit polls indicating a potential third term for Prime Minister Narendra Modi and the BJP-led NDA. The BSE Sensex hit an all-time high, rising by 2,178 points or 2.94% to reach 76,139, while the Nifty50 climbed 579 points or 2.57% to trade…