Articles for author: Market News

Market News

Yogi’s ‘Janta Darbar’: Listening to Grievances or Just Another Political Photo Op?

Uttar Pradesh Chief Minister Yogi Adityanath held a ‘Janta Darbar’ in Gorakhpur, where he listened to the grievances of local residents, particularly women, and assured them of prompt redressal. During the event, he took their concerns seriously, forwarding their issues to relevant authorities for swift action. Recently, CM Yogi also inaugurated a floating restaurant at ...

Market News

A critical GST panel meets on September 25, facing tension over potential tax slab changes as revenue concerns escalate.

A critical GST panel meets on September 25, facing tension over potential tax slab changes as revenue concerns escalate.

The ministerial panel reviewing GST rates will convene on September 25 to discuss potential changes to tax slabs. The Group of Ministers (GoM), led by Bihar’s Deputy Chief Minister Samrat Chaudhary, last met in August and submitted a report to the GST Council earlier this month. Currently, India’s GST structure includes four tax slabs: 5%, ...

Market News

Amit Shah Vows No Releases for Terrorists, Sorts Out Reservations: A Bold Stand or Political Theater in J&K?

During a recent rally in Nowshera, Home Minister Amit Shah firmly stated that no stone pelters or terrorists will be released in Jammu and Kashmir, emphasizing that there will be no dialogue with Pakistan until terrorism is eradicated. Addressing the youth, whom he called “lions,” he criticized the National Conference-Congress alliance for their stance on ...

Market News

NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

The National Company Law Appellate Tribunal (NCLAT) has ordered the interim distribution of 75 percent of the escrow funds, totaling Rs 175 crore, held by Baleshwar Kharagpur Expressway Limited (BKEL) to its secured lenders. This ruling came after a request from the State Bank of India (SBI), as BKEL, which has not serviced its loans ...

Market News

Biden’s Awkward Gaffe at Quad Summit: A Snapshot of Leadership in a Fractured Political Arena

President Biden hosted a significant meeting with leaders from Australia, Japan, and India in Wilmington, which may be the last gathering of the Quad partnership during his presidency. An awkward moment arose when Biden snapped at a staffer while introducing Indian Prime Minister Narendra Modi, highlighting his challenges in public speaking at 81 years old. ...

Market News

ZEE and Sony’s .5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

ZEE and Sony’s $10.5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

The National Company Law Appellate Tribunal (NCLAT) has allowed Axis Finance, IDBI Bank, and IDBI Trusteeship Services to withdraw their petitions against the merger of Zee Entertainment and Sony Pictures Networks India. This decision follows the Mumbai Bench of the National Company Law Tribunal (NCLT), which had previously approved the merger on August 10, 2023, ...

Market News

Kejriwal’s Dramatic Plea: Is Integrity in Politics an Illusion or a Choice?

On September 22, Arvind Kejriwal, the former Chief Minister of Delhi, criticized the central government during a public event called ‘Janta Ki Adalat’ at Jantar Mantar. He emphasized that he entered politics to bring about change and not for personal gain. Kejriwal expressed his emotional struggles with corruption allegations, stating, “I am affected, I am ...

Market News

India investigates Netflix for visa violations and discrimination amid allegations, stirring drama within the streaming giant’s local operations.

India investigates Netflix for visa violations and discrimination amid allegations, stirring drama within the streaming giant’s local operations.

India is currently investigating Netflix’s local operations over concerns related to visa violations and racial discrimination. A government email revealed that authorities are examining allegations of tax evasion and illegal practices linked to the streaming giant. Nandini Mehta, a former Netflix executive, is pursuing legal action in the U.S. against the company for wrongful termination ...

Market News

Odisha’s Governance Under Fire: Patnaik Calls for Reform Amid Rising Outrage and Electoral Uncertainty

Biju Janata Dal (BJD) president Naveen Patnaik has announced that his party will conduct a thorough study on the concept of “one nation, one election” before deciding its stance on the issue. Speaking at the Odisha Literary Festival, Patnaik emphasized the importance of examining the details of the proposal. He also expressed concerns about the ...

Market News

Adani Energy Solutions Ltd poised for explosive growth, forecasted to outpace global peers as India’s energy demand surges.

Adani Energy Solutions Ltd poised for explosive growth, forecasted to outpace global peers as India’s energy demand surges.

Adani Energy Solutions Ltd (AESL) is a rapidly growing power transmission utility with an enterprise value of $18.5 billion. According to a recent report by Cantor Fitzgerald, AESL is expected to see a remarkable 29% compound annual growth in pre-tax profits over the next three years. With a diverse portfolio that includes transmission, distribution, and ...

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