Articles for category: Business

Market News

Tariq Hameed Karra emphasizes restoration of statehood and dignity in Jammu and Kashmir elections amidst political tensions and alliances.

Tariq Hameed Karra emphasizes restoration of statehood and dignity in Jammu and Kashmir elections amidst political tensions and alliances.

Tariq Hameed Karra, the Jammu and Kashmir Congress chief, emphasized that the upcoming assembly elections are crucial for restoring statehood, assembly powers, and regional dignity. In a recent interview, he expressed confidence that the Congress-National Conference alliance would secure a majority, downplaying concerns about the People’s Democratic Party’s influence. He criticized the BJP for its ...

Market News

Apple unveils the groundbreaking iPhone 16, revolutionizing mobile AI and reigniting excitement after years of stagnation.

Apple unveils the groundbreaking iPhone 16, revolutionizing mobile AI and reigniting excitement after years of stagnation.

Apple is set to revolutionize its iPhone lineup with the upcoming iPhone 16, making a significant leap into artificial intelligence. This highly anticipated model will enhance features like Siri and offer personalized emojis, showcasing Apple’s commitment to AI technology. The launch event will take place at the Steve Jobs auditorium, marking a pivotal moment for ...

Market News

Tata Digital narrows losses; Bigbasket thrives with rising revenue, while Tata 1MG turns profitable amidst strategic restructuring.

Tata Digital narrows losses; Bigbasket thrives with rising revenue, while Tata 1MG turns profitable amidst strategic restructuring.

In FY24, Bigbasket, India’s leading e-grocery platform, reported a revenue increase of 5.7%, reaching Rs 2,391.83 crore, compared to Rs 2,261.28 crore in FY23. The company also narrowed its losses to Rs 128 crore from Rs 215.21 crore the previous year. Tata Digital, the e-commerce division of Tata Sons, saw its losses shrink to Rs ...

Market News

SEBI faces intense scrutiny over alleged regulatory failures in the Adani scandal, while its chairman denies implications of impropriety.

SEBI faces intense scrutiny over alleged regulatory failures in the Adani scandal, while its chairman denies implications of impropriety.

The Congress party has criticized the Securities and Exchange Board of India (Sebi) for its ongoing investigation into the Adani Group, claiming it has stalled without resolution. This comes after two Mauritius-based foreign portfolio investors petitioned the Securities Appellate Tribunal for relief from new Sebi regulations concerning foreign investments. Congress leader Jairam Ramesh alleges that ...

Market News

Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.

Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.

Adani Group is expanding its global footprint by establishing a new subsidiary in China called Adani Energy Resources (Shanghai) Co. (AERCL), which will focus on supply chain solutions and project management services. This new venture, registered on September 2, 2024, follows a similar move in Kenya with the formation of Airports Infrastructure PLC, aimed at ...

Market News

Signature Global embarks on a ₹1,144 crore luxury housing project in Gurugram, achieving record pre-sales in mere days.

Signature Global embarks on a ₹1,144 crore luxury housing project in Gurugram, achieving record pre-sales in mere days.

Signature Global has awarded a construction order worth Rs 1,144 crore to Ahluwalia Contracts for their luxury housing project, ‘De-luxe DXP,’ located in Gurugram’s Sector 37D along the Dwarka Expressway. Spanning 16.65 acres, this ambitious project will feature 1,008 residential units and a total developable area of 28.12 lakh square feet. Construction has already begun, ...

Market News

Vedanta’s bold demerger aims to transform asset management into ownership, investing .9 billion to become global industry leaders.

Vedanta’s bold demerger aims to transform asset management into ownership, investing $1.9 billion to become global industry leaders.

Vedanta Ltd is undergoing a major transformation with a proposed demerger of its various business units, which cover over 15 commodities. This strategic move aims to transition the company from asset managers to asset owners, allowing it to create independent companies focused on sectors like aluminium, oil and gas, power, and steel. With 75% approval ...

Market News

The GST Council meeting, chaired by Nirmala Sitharaman, tackles crucial tax issues, including health insurance exemptions and online gaming regulations.

The GST Council meeting, chaired by Nirmala Sitharaman, tackles crucial tax issues, including health insurance exemptions and online gaming regulations.

The GST Council, led by Finance Minister Nirmala Sitharaman, is set to address key issues, including the taxation of insurance premiums and online gaming fees. A major focus will be whether to reduce the current 18 percent GST on health insurance or exempt senior citizens from this tax. The council’s discussions will also cover revenue ...

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