Food delivery giant Zomato stirred the market pot on June 16th with a clarification regarding ongoing discussions to acquire Paytm’s movie ticketing and events business. This move comes after media reports sent ripples through the industry, suggesting negotiations between Zomato and Paytm’s parent company, One97 Communications Ltd, were in advanced stages, with a potential price […]
In a recent move, Yes Bank and ICICI Bank have been penalized by the Reserve Bank of India (RBI) ensuring fairness in banking. In the former case, a penalty of Rs 91 lakh imposed on Yes Bank because they were charging on zero-balance accounts as well as some other matters which were unspecified. The latter […]
A Varanasi-bound IndiGo flight faced a bomb threat early Tuesday morning at Delhi’s Indira Gandhi International Airport. The incident caused significant alarm but ended without any harm and even thorough searches revealed no suspicious items. Flight number 6E2211 should have departed at 5:00 in the morning. It had 176 passengers on board but security concerns […]
Jaguar Land Rover (JLR) recently made a vital decision of assembling prestigious Range Rover in the Pune plant, India. This will be for the first time these cars are manufactured outside UK where they have been produced exclusively over half century. The locally assembled Range Rovers are expected to be significantly cheaper, with prices dropping […]
In a significant ruling, the Delhi High Court has mandated BharatPe co-founder Ashneer Grover and his wife, Madhuri Jain Grover, to provide a security deposit of Rs 80 crore before their planned trip to the United States. Justice Subramonium Prasad issued this directive on May 24, requiring the security to be in the form of […]
In January 2023, a scathing report by short-seller Hindenburg Research caused Adani Group’s Adani Enterprises, who is owned by billionaire Gautam Adani, to suffer a huge stock market drop, but they are now on the rise again. After Hindenburg had accused them of engaging in broad corporate malpractice as well as manipulating their stock prices, […]
Zee Entertainment Enterprises Ltd has initiated legal proceedings against Sony Pictures Networks India and its committee toward encountering a $90 million break fee in connection with the restrictive joint venture agreement. Zee Accuses Sony of Breaching Agreement: Following the failure of their envisaged $10 billion merger plan, Zee Entertainment Enterprises Ltd (ZEEL) is demanding an […]
Abid Ali, an authorised person (AP) of Angel One, has been penalised Rs 9 lakh by the Securities and Exchange Board of India (Sebi) for running an illegal investment advisory service. This decision came following an investigation into Trade 26 Research, an unregistered entity operated by Ali. The Sebi order, issued on May 16, highlighted […]
Today, the Indian stock market experienced a mixed session marked by cautious trading and underlying concerns about high valuations. The BSE Sensex closed slightly lower, dipping by 0.3% to 62,870 points, while the Nifty 50 showed marginal stability, ending the day at 18,450 points, a minor gain of 0.1%. Valuation Concerns and Market Sentiment Current […]
In a recent development, Indian multinational corporation Infosys has been fined approximately Rs 82 lakh (₹8,200,000) by the Canadian government for purportedly underpaying employee health tax for the fiscal year ending December 31, 2020. This penalty equates to over 134,000 Canadian dollars. As per a regulatory disclosure by Infosys, the company received notification of the […]