Articles for author: Market News

Market News

LIC allocates Rs 600 crore for a bold digital transformation, aiming for a paperless future amid fierce market competition.

LIC allocates Rs 600 crore for a bold digital transformation, aiming for a paperless future amid fierce market competition.

Life Insurance Corporation of India (LIC) is investing Rs 600 crore in its digital transformation to become fully paperless within two years. At a recent event in Mumbai, Chief Risk Officer Sunder Krishnan shared details about the investment, which includes hiring a system integrator and consultants for various aspects of the transformation. LIC has partnered ...

Market News

Yogi’s Poetic Jabs: A Shayari Showdown with Congress and SP, As Uttar Pradesh’s Power Plays Unfold

Uttar Pradesh Chief Minister Yogi Adityanath took aim at the opposition parties, particularly the Samajwadi Party and Congress, during a recent event in Ghaziabad. He used a poetry-style commentary, calling them “Bhasmasur,” accusing them of misusing power for their own benefit. Adityanath highlighted their past failures in governance, suggesting they make grand promises while hiding ...

Market News

Nirmala Sitharaman launched the NPS Vatsalya scheme, empowering parents to secure their children’s future through pension savings.

Nirmala Sitharaman launched the NPS Vatsalya scheme, empowering parents to secure their children’s future through pension savings.

Union Finance Minister Nirmala Sitharaman recently launched the NPS Vatsalya scheme, aimed at helping parents save for their children’s futures through a pension account. Parents can subscribe online or visit their bank or post office, starting with a minimum investment of Rs 1,000, followed by an annual contribution of Rs 1,000. This scheme allows children ...

Market News

Aurobindo Pharma finalizes acquisition of GLS Pharma, enhancing its oncology portfolio, gaining full ownership by December 2024.

Aurobindo Pharma finalizes acquisition of GLS Pharma, enhancing its oncology portfolio, gaining full ownership by December 2024.

Aurobindo Pharma Ltd has announced its plan to acquire the remaining 49 percent stake in GLS Pharma Ltd for Rs 22.5 crore, making GLS a wholly-owned subsidiary. This agreement, finalized on September 18, 2024, involves purchasing 5,90,361 equity shares at Rs 381.12 per share. Aurobindo initially acquired a 51 percent stake in GLS from Suresh ...

Market News

Trump Calls Modi a ‘Fantastic Man’ While Slamming India as a Trade ‘Abuser’—Politics Never Looked So Contradictory!

Former President Donald Trump announced that Indian Prime Minister Narendra Modi will meet him next week during Modi’s three-day visit to the U.S. from September 21 to 23. While discussing trade, Trump criticized India for high tariffs, calling it an “abuser,” but praised Modi as a “fantastic man.” Modi’s trip will start with the Quad ...

Market News

A pivotal report on ‘One Nation, One Election’ sparks debate as India contemplates synchronized polls amid constitutional challenges.

A pivotal report on ‘One Nation, One Election’ sparks debate as India contemplates synchronized polls amid constitutional challenges.

The Union Cabinet has recently approved the ‘One Nation, One Election’ proposal, allowing simultaneous elections for the Lok Sabha and state Assemblies. This significant initiative, reported on September 18, aims to streamline the electoral process in India. A report by a committee led by former President Ram Nath Kovind highlighted the need for adjusting current ...

Market News

Stalin’s 75th DMK Bash: A Call for State Rights or Just Political Hot Air?

During the 75th anniversary celebration of the Dravida Munnetra Kazhagam (DMK) in Chennai, Chief Minister MK Stalin emphasized the party’s continued relevance, claiming it will remain essential for the next hundred years. He encouraged party members to ensure a significant victory in the upcoming 2026 assembly elections, building on the recent success in the Lok ...

Market News

Bluecopa, an AI-driven finance automation platform, raises .8 million for expansion and innovation in financial operations solutions.

Bluecopa, an AI-driven finance automation platform, raises $1.8 million for expansion and innovation in financial operations solutions.

Bluecopa, an AI-powered finance operations automation platform founded in 2021, has successfully raised $1.8 million in a pre-Series A funding round. This investment, led by Blume Ventures, Dallas Venture Capital, and Venture Catalysts, aims to help Bluecopa expand its Market presence, enhance its AI features, and further develop its products. The company specializes in providing ...

Market News

Congress Files Police Complaint as BJP Leaders Threaten to ‘Eliminate’ Rahul Gandhi: A New Low in Political Discourse?

The Congress party has filed a police complaint against BJP leaders for making “open threats” to harm Rahul Gandhi, the Leader of the Opposition in Lok Sabha. The complaint, submitted by Congress Treasurer Ajay Maken, cites specific threats made by BJP and allied leaders, including accusations of calling Gandhi a terrorist and comments suggesting assassination. ...

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