 "UBS Offloads ₹4,961 Crore in Shares; Eyes Bandhan Bank’s Future")
UBS Group AG, a Swiss financial giant, recently sold shares in seven companies, including Oil India and Dixon Technologies, for a total of Rs 4,961 crore through open Market transactions on the National Stock Exchange (NSE). UBS Principal Capital Asia was the main vehicle for these transactions, offloading significant shares in companies like Rail Vikas ...
 "Xi’s Unyielding Grip: New Rules Tighten Control Over Communist Party Members")
The Communist Party of China, led by President Xi Jinping, has introduced strict new rules aimed at enhancing control over its nearly 100 million members. These regulations target members deemed incompetent or lacking in faith and loyalty, emphasizing the need for rigorous self-governance within the Party. The 27 articles in the new rules outline how ...
 "LIC’s Delayed Policy Processing Costs ₹50 Lakh to Grieving Family")
A district consumer disputes commission in Kerala has ordered the Life Insurance Corporation (LIC) to pay Rs 50 lakh to the family of a policyholder who died from COVID-19. The court found that LIC failed to issue the insurance policy within the mandated 15 days after accepting a premium of over Rs 20 lakh, leaving ...
 "Patanjali’s Vegetarian Claims Under Fire: Court Questions Misbranding Allegations")
The Delhi High Court has requested the Indian government’s response to a petition regarding the alleged misbranding of Patanjali’s product “Divya Dant Manjan.” The product, which is labeled as vegetarian with a green symbol, reportedly contains fish extract, making it non-vegetarian. The court issued notices to the Centre, the Food Safety and Standards Authority of ...
 "India’s Economic Resilience: Rural Growth Fuels 7% GDP Aspirations Amid Challenges")
India’s GDP grew by 6.7 percent in the first quarter of FY25, according to Chief Economic Advisor V Anantha Nageswaran. He emphasized a positive trend in rural consumption, supported by good monsoon conditions, which could boost overall economic growth to 7 percent in the medium term. While some experts expected growth to slow due to ...
 "Epic Media Merger: Reliance and Disney Forge India’s Entertainment Powerhouse!")
Reliance Industries has received approval from the National Company Law Tribunal (NCLT) for its merger with Star India, creating India’s largest media entity valued at over Rs 70,000 crore. This approval follows the Competition Commission of India’s green light for the deal, which combines media assets from Reliance and The Walt Disney Company. Reliance will ...
 "Accenture’s Leadership Shakeup: Chakraborty and Tayob Step into New Roles")
Accenture has announced significant leadership changes, appointing Arundhati Chakraborty as the new group chief executive of Accenture Operations, effective from September 1, 2024. She takes over from Yusuf Tayob, who will now lead the global Communications, Media, and Technology (CMT) industry practices. Chakraborty, known for her extensive experience in guiding complex transformations, will focus on ...
 "India’s Fiscal Deficit Soars Amid Rising Expenditures and Subsidies")
India’s fiscal deficit for the first four months of the 2024-25 financial year reached 17.2% of the full-year target, with a gap of Rs 2,76,945 crore. The government aims to reduce the fiscal deficit to 4.9% of GDP this year, down from 5.6% last year. Total expenditure in this period was Rs 13 lakh crore, ...
 "Ambani Unveils Bold AI Vision at Reliance AGM 2024: A Tech Revolution")
At the 47th annual general meeting of Reliance Industries, Mukesh Ambani shared exciting plans for the company’s future as a technology leader. Key highlights included the launch of Jio Brain, a suite of AI tools aimed at enhancing decision-making and customer insights. He announced the establishment of a national AI infrastructure, featuring large-scale data centers ...
 "India Targets Ambitious 4.9% Fiscal Deficit, New Budget Brings Hope")
The Indian government has set a fiscal deficit target of 4.9% of GDP for the current budget, down from 5.6% in the previous year. Between April and July, the fiscal deficit reached 2.77 trillion rupees, accounting for 17.2% of the annual estimate. During this period, net tax collections were 7.15 trillion rupees, representing 27.7% of ...
