Despite numerous initiatives by both the government and private sector to empower women, addressing the gender pay gap remains a pressing issue. According to a recent World Bank report, only 35 out of 98 economies worldwide have implemented measures or enforcement mechanisms to tackle this gap. In India, the COVID-19 pandemic has disproportionately impacted women, … Read more
Xiaomi Surprises Indian Market with Launch of Xiaomi 14 Ultra After Earlier Speculations. After much speculation about its availability in India, Xiaomi made a surprising move by launching the Xiaomi 14 Ultra in the Indian market. Initially, the company had indicated that the device wouldn’t be released in India, but its unexpected launch on Thursday … Read more
Investors in the RK Swamy Limited initial public offering (IPO) are on the edge of their seats as they await news on the RK Swamy IPO allotment date, which is expected imminently. Following the closure of bidding on March 6, 2024, anticipation is high for the final allocation of shares, with market experts suggesting that … Read more
Sources familiar with the matter revealed that the Union cabinet is poised to discuss the draft agreement with the European Free Trade Association (EFTA) today, potentially paving the way for an announcement on Sunday. This development marks a crucial step in India’s ongoing trade negotiations and could signify the first formally signed free trade agreement … Read more
JM Financial Ltd has affirmed its commitment to fully cooperate with the Securities and Exchange Board of India (SEBI) as the regulator probes into the public issue of debt securities. SEBI’s move comes after it barred JM Financial from taking on new mandates as a lead manager for such issues due to alleged violations of … Read more
Automobile retail sales rose 13 per cent year-on-year in February with all the segments, including passenger vehicles and two-wheelers, witnessing robust offtake, dealers’ body FADA said. Overall retail sales stood at 20,29,541 units last month compared with 17,94,866 units in the year-ago period. Passenger vehicle sales grew 12 per cent to 3,30,107 units last month … Read more
S&P 500 Hits Record High as Wall Street Surges Amid Investor Optimism. On Thursday, Wall Street charged ahead, with the S&P 500 soaring 1% to achieve a record closing high, while the Nasdaq composite climbed 1.5%, buoyed by technology and growth stocks. Investor optimism regarding potential Federal Reserve rate cuts this year fueled the rally. … Read more
In the past few years, India’s thriving IPO sector has yielded substantial gains for investors, including numerous Bollywood and cricket icons who strategically invested in these companies before their public offerings. Highlighting the lucrative ventures, here are the top companies where celebrities have reaped significant profits over the last three years. Bollywood Stars Aamir Khan … Read more
Tata Sons, the holding company of the Tata Group, is said to be engaged in a restructuring effort aimed at aligning with regulations set by the Reserve Bank of India (RBI). According to The Economic Times, the RBI has reportedly rejected any leniency regarding the mandatory listing of non-banking finance companies (NBFCs) categorized in the … Read more
In observance of Mahashivratri 2024, both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will be closed for trading on March 8th, 2024. This results in a halt of all trading activities within the Indian stock market for the day. As outlined in the March 2024 stock market holiday schedule, trading will remain … Read more
The report attributed this subdued growth in the FMCG sector to several factors, including a worldwide economic slowdown, minimal influence from the forthcoming general elections, and enduring repercussions of unforeseen weather patterns on the agricultural industry. A study suggests that Fast-moving consumer goods (FMCG) are poised to experience a slowdown until the September quarter of … Read more
SEBI Issues Interim Order Following Investigation into NCDs Public Issue, Citing Concerns Over Subscription Management. SEBI’s recent interim directive, issued on March 7, allows JM Financial to retain its role as a lead manager for public debt securities offerings for a limited 60-day period starting from the Order’s date. The regulatory body emphasized that its … Read more
Glaxo Smith Kline’s antibiotic medication Augmentin and USV’s anti-diabetes drug Glycomet GP maintain their dominance in sales within the Indian pharmaceutical market. Augmentin from Glaxo Smith Kline and Glycomet GP from USV Pharmaceuticals remain at the forefront of sales in the Indian pharmaceutical sector. In February, the Indian pharmaceutical market experienced a significant 9 percent … Read more
Tata Motors has announced a price increase of up to 3 percent on its commercial vehicles, effective from October 1, 2023. This adjustment is aimed at counteracting the residual impact of past input costs, according to India’s largest commercial vehicle manufacturer. The price hike will vary depending on the model and variant, and it will … Read more
In a series of regulatory actions, the Reserve Bank of India (RBI) has issued directives affecting various financial entities. Following its move to prohibit Paytm Payments Bank from accepting new deposits and credit transactions in January, the RBI has now instructed IIFL Finance to cease offering gold loans due to significant supervisory concerns, as of … Read more
Most Asian Stocks Decline Amid Mixed Signals on US Interest Rates; Nikkei Drops on BOJ Speculation. Asian markets saw mixed performance on Thursday as Federal Reserve officials provided conflicting signals on U.S. interest rates. While Wall Street initially reacted positively to Fed Chair Jerome Powell’s indication of rate cuts this year, comments from Minneapolis Fed … Read more
Elon Musk Throws Down Gauntlet to Zuckerberg: ‘Ready to Fight Anywhere, Anytime’ Following Platform X User’s Musk vs Zuckerberg Fight Joke with Tour Guide. Elon Musk Sparks New Clash with Meta’s Mark Zuckerberg, Extends Open Challenge to Duel ‘Anywhere, Anytime, Under Any Conditions’ Following a Social Media Exchange. The Callout Emerged in Response to a … Read more
After experiencing a two-day downturn, US markets rebounded on Wednesday, with the S&P 500 climbing approximately 0.7%, the Dow Jones gaining 230 points, and the Nasdaq advancing 1%. Investor sentiment was influenced by Federal Reserve Chair Powell’s testimony before Congress and the release of key economic data. Powell reiterated the Fed’s cautious approach to rate … Read more
Global Tech Meltdown: Users Worldwide Struggle as Gmail, YouTube, Facebook, and Instagram Hit by Massive Outage. On Tuesday night, chaos ensued as users from around the world, including those in India, found themselves locked out of their Gmail, YouTube, Facebook, and Instagram accounts. The outage, which affected millions, left approximately 500,000 Facebook users and 50,000 … Read more
In a notable move, Nikhil Kamath and Nithin Kamath have secured a substantial 11,46,590 shares in a burgeoning gaming stock through a preferential issue, while the seasoned Jhunjhunwala family maintains a commanding ownership of 65,88,620 shares! Adding to this development, Nazara Technologies Ltd recently greenlit the allotment of 28,66,474 fully paid-up equity shares, priced at … Read more