Articles for category: Business

Market News

Congress demands action against Noida DM for an inappropriate post on Rahul Gandhi, as junior doctors seek intervention from top officials.

Congress demands action against Noida DM for an inappropriate post on Rahul Gandhi, as junior doctors seek intervention from top officials.

The Congress party has criticized a recent post from the Noida District Magistrate’s official account that made an “inappropriate” comment about Rahul Gandhi. They are demanding action against the official responsible for the post. In another matter, junior doctors from West Bengal have reached out to President Droupadi Murmu and Prime Minister Narendra Modi, asking ...

Market News

Delhivery accuses Ecom Express of misrepresenting business metrics in their IPO prospectus, igniting a fierce rivalry in logistics.

Delhivery accuses Ecom Express of misrepresenting business metrics in their IPO prospectus, igniting a fierce rivalry in logistics.

Delhivery, a logistics company backed by SoftBank, has accused its competitor Ecom Express of wrongly representing business metrics in its draft IPO documents. The dispute centers on shipment volumes and other financial figures, with Delhivery claiming Ecom Express has misclassified shipments by double-counting some returns. For instance, while Ecom Express reported 514.41 million shipments, Delhivery ...

Market News

Elon Musk clashes with Justice de Moraes after Brazil’s court halts X, calling the judge an “evil dictator” amid fines.

Elon Musk clashes with Justice de Moraes after Brazil’s court halts X, calling the judge an “evil dictator” amid fines.

Elon Musk’s social media platform, X, and his satellite company, Starlink, had their bank accounts unfrozen by Brazil’s Supreme Court after settling over $3 million in fines. The court had previously ordered the accounts frozen when Musk failed to comply with instructions to remove accounts spreading false information. Justice Alexandre de Moraes, who made the ...

Market News

The authenticity of photography faces upheaval as generative AI challenges the uniqueness of captured moments.

The authenticity of photography faces upheaval as generative AI challenges the uniqueness of captured moments.

The iPhone 16 Pro is revolutionizing photography with its advanced camera control features. As technology evolves, the way we perceive and capture moments is changing dramatically. Citing French semiotician Roland Barthes, photography is traditionally seen as a unique moment, one that can never be repeated. However, the emergence of generative AI is challenging this concept ...

Market News

Sebi Chairperson Madhabi Puri Buch faces calls for resignation amid allegations from Hindenburg Research and internal employee conflicts.

Sebi Chairperson Madhabi Puri Buch faces calls for resignation amid allegations from Hindenburg Research and internal employee conflicts.

Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch is facing calls for resignation amid employee conflicts and allegations made by Hindenburg Research, which she denies. These claims surfaced after Sebi’s investigation into Hindenburg’s accusations against the Adani group, which the group has also refuted. The situation highlights the importance of integrity and ...

Market News

Swiss authorities freeze 1 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Swiss authorities freeze $311 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Seven stocks from the Adani group experienced declines on Friday, following Swiss authorities freezing $311 million linked to a Taiwanese individual amid a money laundering investigation. The allegations suggest he may serve as a front for the Adani group, which the conglomerate has strongly denied. Key stocks like Adani Power and Adani Energy dropped by ...

Market News

As Flipkart prepares for its Big Billion Days Sale, it empowers over 1.4 million sellers with vital insights and tools for success.

As Flipkart prepares for its Big Billion Days Sale, it empowers over 1.4 million sellers with vital insights and tools for success.

Flipkart is gearing up for its highly anticipated ‘Big Billion Days Sale 2024’ by equipping sellers with essential tools to meet the holiday season demand. The company recently held seller conclaves in nine major Indian cities, engaging over 4,500 participants and empowering more than 1.4 million entrepreneurs to enhance their business strategies. These sessions emphasized ...

Market News

RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.

RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.

Reserve Bank of India Governor Shaktikanta Das has raised concerns about the potential risks banks face due to stress in the global commercial real estate sector. In a recent speech at the Future of Finance Forum in Singapore, he warned that liquidity issues could arise, particularly for banks with high commercial real estate loans. He ...

Market News

SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.

SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.

SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...

Market News

RITES Ltd, now a prestigious Navratna, reports strong growth with record revenue and robust dividends, emphasizing future-ready strategies.

RITES Ltd, now a prestigious Navratna, reports strong growth with record revenue and robust dividends, emphasizing future-ready strategies.

RITES Ltd, a prominent infrastructure and consultancy firm under the Railway Ministry, recently held its 50th Annual General Meeting where Chairman Rahul Mithal shared the company’s progress. In FY24, RITES recorded a consolidated revenue of Rs 2,539 crore, slightly down from Rs 2,730 crore in FY23. The company achieved its highest-ever consultancy revenue of Rs ...

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