Articles for author: Market News

Market News

Telangana in Crisis: Central Aid Stalled Amidst Devastating Floods

Telangana in Crisis: Central Aid Stalled Amidst Devastating Floods

The Telangana government has requested Rs 2,000 crore from the Centre for flood relief, following significant rainfall and estimated losses exceeding Rs 5,000 crore. However, the Union government has highlighted that Telangana has not provided the necessary information to release these funds. As of April 1, 2024, over Rs 1,345 crore is already available in ...

Market News

Vedanta Takes Charge: ASI Set for Explosive 10-Fold Growth

Vedanta Takes Charge: ASI Set for Explosive 10-Fold Growth

Vedanta Limited has announced significant growth for its display glass business, expecting a tenfold increase following its recent acquisition of a 46.57 percent stake in AvanStrate Inc. This acquisition boosts Vedanta’s total ownership in the Japanese display glass manufacturer to about 98 percent. With ASI now fully under Vedanta’s control and free from external debt, ...

Market News

Revolutionary Gene-Editing Promises Climate-Resilient Milk Production in India

Revolutionary Gene-Editing Promises Climate-Resilient Milk Production in India

The National Dairy Research Institute (NDRI) in Karnal has made a significant breakthrough in dairy farming by developing a gene-edited embryo using CRISPR technology. This innovation aims to enhance milk production’s resilience against climate change, ensuring steady supplies even in extreme weather. The next step involves implanting the edited embryo into a female buffalo for ...

Market News

Bihar MP Faces Death Threat from Gangster Demanding Huge Ransom

Bihar MP Faces Death Threat from Gangster Demanding Huge Ransom

BJP MP Pradeep Singh from Bihar’s Araria has reported receiving a threatening message from a gangster demanding Rs 10 lakh. The message, sent from an unknown number with a Nepal ISD code, warned Singh that he would be killed if his demands were not met. The sender, who identified himself as Vinod Rathore, claimed his ...

Market News

Star Health Ventures International: A Bold Move for Global Reinsurance

Star Health Ventures International: A Bold Move for Global Reinsurance

Star Health and Allied Insurance aims to enhance its international presence by collaborating with insurers in Africa and West Asia for inward reinsurance opportunities through GIFT City, as announced by MD and CEO Anand Roy. With approval to set up an international office at GIFT City, Star Health plans to offer reinsurance and concierge claim ...

Market News

Vedanta’s Credit Rating Soars: A Strategic Leap Towards Financial Strength

Vedanta’s Credit Rating Soars: A Strategic Leap Towards Financial Strength

ICRA has upgraded Vedanta Ltd’s long-term credit rating from AA- to AA, highlighting the company’s improved credit profile. This change comes after Vedanta successfully raised $1 billion through a qualified institutional placement in July and an additional $400 million from selling shares of Hindustan Zinc Ltd in August. The upgrade reflects significant strategic growth initiatives ...

Market News

Bangladesh Triumphs in Historic Test as Pakistan’s Unity Faces Scrutiny

Bangladesh Triumphs in Historic Test as Pakistan’s Unity Faces Scrutiny

In a recent match, Bangladesh celebrated a significant victory over Pakistan, with Shadman Islam and Zakir Hasan congratulating Pakistani players in Rawalpindi. Amidst this, Pakistan’s captain, Shan Masood, addressed rumors of a rift with pacer Shaheen Shah Afridi, who was absent in the second Test. The speculations arose from a video where Shaheen appeared to ...

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