On May 15th, 2024, the Indian stock markets went through uncertainty and fluctuations which made it eventually close with less than what it started implying. Both the Sensex and Nifty indices had emerged positively because there were good things happening worldwide therefore enabling it to rise. Unfortunately, this initial surge in confidence would later fall […]
A significant milestone was achieved in the Indian mutual fund sector on May 13th, 2024, with the unveiling of the Bajaj Finserv Multi Asset Allocation Fund by Bajaj Finserv Asset Management Company (Bajaj Finserv AMC). Investors interested in fetching recurrent earning and asset variation have shown immense interest in this debut multi-asset distribution mutual fund. […]
By tightening its remote work policy, Cognizant, one of the major players in IT in India, has caught everyone’s attention. Now, its employees have to work in the office at least three days a week. Otherwise, they will lose their jobs. This shift has triggered discussions among workers and industry observers, signaling potential shifts in […]
The Indian stock markets demonstrated an incredible recovery at the end of the day surprising to many people, though they had doubts in the morning that the session end positively. The two indices of BSE Sensex and NSE Nifty 50 made losses in the beginning but closed slightly above the day opening prices. The trading […]
After a recent ban by the Reserve Bank of India(RBI), Kotak Mahindra Bank Ltd. has announced to bolster its technological capabilities by recruiting approximately 400 engineers this year. This move comes as the bank’s efforts to enhance its technological infrastructure. According to Milind Nagpur, the bank’s chief technology officer, Kotak has already onboarded more than […]
The Securities and Exchange Board of India (SEBI) has thrown a curveball at the National Stock Exchange of India’s (NSE) plan to extend trading hours for stock market derivatives. The proposal which aimed to push the closing bell from 6 pm to 9 pm, has been rejected by the market regulator, citing concerns raised by […]
India’s ed-tech giant, Byju’s, once a symbol of the country’s booming tech scene with a valuation of $22 billion, is facing a financial crisis. The latest blow came yesterday when OPPO Mobiles Pvt. Ltd., a leading Chinese smartphone manufacturer, filed an insolvency plea against Byju in the National Company Law Tribunal (NCLT) in Bengaluru. The […]
In a major development in the industrial landscape of India, the Godrej family, after 127 years has announced an amicable split of the business. This decision divides the group’s ownership between two branches of the founding family. On one side are Adi Godrej ( Chairman Emeritus of Godrej Industries) and his brother Nadir Godrej ( […]
In a recent development, the Uttarakhand State Licensing Authority (SLA) has suspended the manufacturing licenses of 14 products manufactured by Patanjali Ayurved ltd. and its sister concern, Divya Pharmacy. The action, taken on April 15, 2024, comes amid a legal battle surrounding alleged misleading advertisements for these products. The suspended products include popular Patanjali offerings […]
Elon Musk’s whirlwind trip to China this week has sent shockwaves through the tech world, especially considering his abrupt cancellation of a visit to India just days earlier. The surprise China visit, which included a meeting with a top government official, hints at potential breakthroughs for Tesla’s operations in the world’s second-largest economy. Earlier in […]