Congress demands JPC probe after Adani charges. Congress has called for a Joint Parliamentary Committee (JPC) investigation into ongoing scams, citing the recent US indictment of Indian billionaire Gautam Adani as a key example. The party argues that the charges against Adani, related to a massive bribery scheme, highlight the urgent need for a thorough […]
Rupee falls 14 paise to 84.23 against dollar. Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six major currencies, was trading 1.64 percent higher at 105.11. This rise in the dollar’s value contributed to the rupee’s decline, as the strengthening of the U.S. dollar often leads to pressure on other
CEO blames ‘poverty mindset‘ for keeping poor poorer. On October 22, 2024, Joseph Darby, CEO of Become Wealth, sparked controversy with his comments about poverty. He claimed that the poor are getting poorer due to their own mindset and choices, rather than external factors. According to Darby, the so-called “poverty mindset” leads people to adopt
CEO blames ‘poverty mindset’ for keeping poor poorer. Read More »
Hyundai India IPO sees 10% subscription on Day 1; retail 17%. The Hyundai India IPO saw a mixed response on the first day of subscription. So far, the Non-Institutional Investors (NII) portion has been subscribed 7%, indicating a relatively subdued interest among this category of investors. On the other hand, the employee portion of the
Hyundai India IPO sees 10% subscription on Day 1; retail 17%. Read More »
RBI keeps repo rate steady, no change in monetary policy stance. The Reserve Bank of India (RBI) has kept the key policy repo rate unchanged at 6.5% for the tenth consecutive meeting, continuing its strategy to strike a balance between promoting economic growth and managing inflation. This decision came during its monetary policy review on
RBI keeps repo rate steady, no change in monetary policy stance. Read More »
Swiss accounts with ₹2753 cr of Adani proxy frozen. An alleged front man for the Adani Group has reportedly been investing in offshore funds based in tax havens, raising concerns about financial transparency. These funds were allegedly used exclusively for purchasing and holding Adani Group stocks, prompting further scrutiny into the nature of these investments.
Swiss accounts with ₹2753 cr of Adani proxy frozen. Read More »
Strong growth prospects drive demand for Bajaj Housing Finance IPO. Investors, both big and small, rushed to secure their share of the Rs 6,560-crore Bajaj Housing Finance IPO, which has attracted a staggering Rs 3.2 lakh crore in bids. The overwhelming demand has far exceeded expectations, marking one of the highest-ever IPO subscriptions in Indian
Strong growth prospects drive demand for Bajaj Housing Finance IPO. Read More »
Nvidia shares drop 9%, losing $279 billion in market value. Nvidia shares have plunged 14% over the past three sessions following earnings results that fell short of high expectations. The company’s stock price had nearly tripled in 2024, reaching a record high close in July. Despite the recent decline, Nvidia’s stock remains up 118% year-to-date
Nvidia shares drop 9%, losing $279 billion in market value. Read More »
SEBI, its chief, spouse, others deny Hindenburg report claims. The market regulator SEBI urged investors to remain calm and exercise due diligence before reacting to reports like the one from Hindenburg. SEBI emphasized the importance of relying on accurate information and making informed decisions. In a separate statement, SEBI Chairperson Madhabi Puri Buch and her
SEBI, its chief, spouse, others deny Hindenburg report claims. Read More »
RBI directs banks: Cease extra loan interest charges. The RBI has urged lenders to embrace online account transfers over issuing cheques in certain loan disbursal instances. This move aims to streamline processes and enhance efficiency in the lending system. By promoting digital transactions, the RBI seeks to reduce reliance on traditional cheque-based methods, which can
RBI directs banks: Cease extra loan interest charges. Read More »
