The CBI has registered a fresh case against Lok Sabha MP Karti Chidambaram to probe an 11-year-old allegation of facilitating visas of 250 Chinese nationals after receiving illegal gratification of Rs 50 lakh in 2011 when his father P Chidambaram was the Union home minister, officials said on Tuesday. After registering the case, the CBI [...]
The shares of Radakishan Damani led DMart has plunged 30.90% in the last six months and 12.67% in the last month. However, we saw that its share price increased by 8% on Monday’s opening deals, after the company reported healthy March quarter profits. The company said that its FMCG business was recovering well. There was [...]
What happens to your Bitcoin: In today’s era, people are showing more interest in digital assets along with other stocks and bonds. These digital assets are popularly known as cryptocurrency. By now, everyone is aware of digital assets but they are not familiar with the process of transferring these cryptocurrencies once you die. Furthermore, cryptocurrencies [...]
Aditya Auto Products & Engineering on Tuesday said it has signed a 50:50 joint venture agreement with international equipment supplier Edscha to tap the increasing domestic automotive systems market potential. The collaboration with Bengaluru-based Aditya Auto, the first venture for Edscha in India, is aimed at developing, manufacturing and distributing door checks, hinge systems, parking [...]
Benefits for Bitcoin Investors and Forms of Creation Plan: Bitcoin is a decentralized currency that uses p2p technology that allows each capability including currency issuance, transaction processing as well as verification to be performed jointly by the network. While this particular decentralization produces Bitcoin free from federal manipulation or maybe interference, the flipside is the [...]
Wholesale price-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year. "The high rate of inflation in April 2022 was primarily due to rise in prices [...]
Having committed over USD 955 million (around Rs 7,353 crore) to acquire 10 companies in the immediate past, Tech Mahindra will be less acquisitive in the new fiscal year and focus on integrating them, a senior company official said. The Mahindra Group company, with revenues of nearly USD 6 billion in FY22, will look at [...]
After a sharp rebound in March, Markets turned volatile in April. The US Fed hiked rates, energy prices surged and supply chain disruptions led to a spike in inflation. These trends have continued in May as well. However, experts expect a sharp economic rebound. Here are two stocks that can give multibagger returns as recommended [...]
Prime Minister Narendra Modi on Tuesday inaugurated the country's first 5G testbed to enable startups and industry players to test and validate their products locally and reduce dependence on foreign facilities. The testbed has been set up at a cost of around Rs 220 crore. Speaking at the silver jubilee celebrations of the Telecom Regulatory [...]
Best Way to Trade Bitcoin Forex: Bitcoin is nowadays regarded as a really good speculative investment and will give you great returns. It's among the most traded cryptocurrencies on the market and also among the more appealing trading options for day traders, given its volatility. Bitcoin has managed to grab the interest of countless forex [...]
Hero Electric on Tuesday said it has partnered with digital consumer lending platform RevFin to provide loans to EV riders across India. The partnership aims to finance and lease 2.5 lakh vehicles over the next three years, the company said in a statement. With delivery and e-commerce segments growing exponentially, Hero Electric aims to support [...]
Understanding Non-Fungible Tokens: As the universe of cryptocurrency keeps on extending its venture into new territories, new and innovative use cases for the technology have begun coming to the forefront. While not long ago, Blockchain innovation was essentially utilized for crypto trading, non-fungible tokens (NFT) altered all that. As a result of cryptocurrency’s development, there [...]
Swiss building material major Holcim said its USD 6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free. Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC [...]
The US hopes India will “reconsider” its decision to ban wheat exports, with Washington “encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine. India, the world's second-biggest wheat producer, has banned wheat exports in a bid to check high domestic prices amid concerns of wheat output being [...]
The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its [...]
The Indian wearables market grew 20.1 per cent year-on-year to 13.9 million units in January-March 2022, according to data released by International Data Corporation on Monday. International Data Corporation (IDC) said the growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. Watches shipment jumped 173 per cent year-on-year to [...]
NBFC firm Aditya Birla Capital Ltd (ABCL) on Monday said Ajay Srinivasan has decided to step down as MD and CEO of the company and his departure has nothing to do with an investigation into alleged irregularities and corruption. According to reports, serious allegations of corruption and mismanagement have been levelled by a whistleblower against [...]
Adventum Student Living (ASL) on Monday said it has raised USD 5 million (over Rs 38 crore) from investors. ASL is an integrated destination for students pursuing overseas higher education. Within two years of its inception, ASL has introduced and unified three brands - UniAcco, UniCreds, and UniScholarz - that offer a one-stop solution for [...]
GlaxoSmithKline Pharmaceuticals on Monday reported a Rs 55 crore consolidated net loss from continuing operations for the fourth quarter. The drug firm had reported a net profit of Rs 4 crore for the January-March quarter of the 2020-21 fiscal. Revenue from operations rose to Rs 810 crore for the fourth quarter compared to Rs 744 [...]
State-owned Canara Bank is expecting an 8-10 per cent growth in advances as well as a healthy double-digit rise in corporate loan portfolio in the current financial year, its Managing Director and CEO L V Prabhakar said on Monday. In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per [...]
