Blog

September 6, 2024

Congress accuses SEBI chairperson Madhabi Puri Buch of conflict of interest amid insider trading investigations, sparking controversy and protests.

The Congress party has accused Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), of potential conflict of interest. They claim she earned Rs 2.16 crore in rental income from Carol Info Services, linked to Wockhardt, while overseeing investigations into the company for insider trading violations. The opposition raised concerns ...

September 6, 2024

Market News

Business

Hyundai launches new EXTER variants amid declining sales, featuring advanced tech and safety upgrades to regain market attention.

Hyundai Motor India has introduced two new variants of its popular entry-level SUV, EXTER. The S(O)+ variant, featuring manual transmission, is priced at Rs 786,300, while the S+ variant boasts an automated manual transmission (AMT) and costs Rs 8,43,900. Both models come loaded with exciting features, including a smart electric sunroof, a digital cluster with ...

September 6, 2024

Market News

Business

Adani and Tower Semiconductor’s billion investment in Maharashtra signals India’s ambitious push to dominate the semiconductor market.

Adani and Tower Semiconductor’s $10 billion investment in Maharashtra signals India’s ambitious push to dominate the semiconductor market.

Israel’s Tower Semiconductor and India’s Adani Group are set to invest $10 billion (approximately 839.47 billion rupees) in a new semiconductor project in Maharashtra. This initiative aligns with Prime Minister Narendra Modi’s vision to establish India as a global chip-making hub, despite facing challenges including Foxconn’s withdrawal from a previous joint venture. The new plant ...

September 6, 2024

Market News

Business

NLC India seeks to accelerate mining at Machhakata coal block, aiming for a major boost in its production capacity by 2030.

NLC India Ltd, a state-owned company, is planning to begin mining at the Machhakata coal block in Odisha ahead of schedule. This block, the largest among NLCIL’s mining projects, holds 1.4 billion tonnes of coal reserves and a capacity of 30 million tonnes per annum. NLCIL successfully bid for the Machhakata coal block in a ...

September 6, 2024

Market News

Business

Congress accuses Sebi Chairperson Madhabi Buch of corruption and conflict of interest amid ongoing investigations into insider trading cases.

The Congress party has accused Sebi Chairperson Madhabi Puri Buch of conflict of interest due to her rental income from a company linked to ongoing insider trading investigations. Jairam Ramesh, Congress general secretary, questioned Prime Minister Modi on the need for transparency in the capital markets. Pawan Khera, another Congress leader, revealed that Buch received ...

September 6, 2024

Market News

Business

Apple is set to unveil revamped AirPods, including new AirPods 4 and upgraded AirPods Max, at the iPhone 16 launch.

Apple is set to refresh its AirPods lineup during the upcoming “It’s Glowtime” event, likely coinciding with the iPhone 16 launch. The company is expected to introduce two new models: a standard AirPods 4, replacing the AirPods 2, and an upgraded variant to succeed the AirPods 3. The entry-level model may be branded as “AirPods ...

September 6, 2024

Market News

Business

In August 2024, thali costs plummeted, driven by massive price drops in key ingredients like tomatoes and fuel, offering hope amid inflation.

In August 2024, the cost of preparing a vegetarian thali at home decreased by 8 percent year-on-year, while non-vegetarian thali prices dropped by 12 percent. This decline was mainly due to significant price cuts in essential ingredients like tomatoes, which fell by 51 percent, and a drop in the cost of vegetable oil and spices. ...

September 6, 2024

Market News

Business

Sebi plans strict derivative rules to curb risky retail trading, increasing costs and limiting options to enhance market stability.

India’s Securities and Exchange Board of India (Sebi) is set to introduce stricter rules for derivatives trading to protect retail investors from speculation risks. The new regulations will limit options contract expiries to one per exchange each week and raise the minimum trading amount to between Rs 15 lakh and Rs 20 lakh, increasing the ...

September 6, 2024

Market News

Business

Supreme Court delays insolvency proceedings against Byju’s amid disputes over a ₹158.9 crore settlement with BCCI, fueling financial drama.

The Supreme Court has agreed to hear an appeal from Glas Trust Company LLC, a US creditor, regarding a recent NCLAT judgment that paused insolvency proceedings against Byju’s, the prominent ed-tech firm. This decision comes after NCLAT approved a Rs 158.9 crore settlement with the BCCI over outstanding sponsorship payments. Byju’s lawyers argue the petition ...

September 6, 2024

Market News

Business

Maharashtra approves a billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra approves a $10 billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra’s government has approved a major semiconductor fabrication unit to be built in Panvel, Mumbai, through a collaboration between the Adani Group and Israel’s Tower Semiconductor. This project, involving an investment of approximately Rs 83,947 crore ($10 billion), aims to produce 80,000 semiconductor wafers monthly in two phases. The first phase will invest Rs 58,763 ...