 "Samsung slashes S24 prices ahead of iPhone 16 launch, igniting a fierce market battle for high-end smartphone supremacy this festival season.")
Samsung has announced significant price cuts of 15-35 percent on its flagship S24 smartphone range, set to launch on Flipkart starting September 26. This strategic move comes as Samsung competes with Apple’s recently launched iPhone 16 series, which has already captured Market attention. Apple is narrowing the price gap with the iPhone 16 Pro Max, ...
 "Lighthouse Advisors sells a stake in V2 Retail for Rs 85 crore, while Motilal Oswal Mutual Fund purchases shares amid market fluctuations.")
Lighthouse Advisors, a private equity firm, recently sold a 2% stake in V2 Retail for Rs 85 crore through an open Market deal. The sale involved over 734,000 shares at an average price of Rs 1,160 each, reducing Lighthouse’s holding in V2 Retail from 6.36% to 4.24%. Following this transaction, shares of V2 Retail rose ...
 "Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.")
Foreign portfolio investors (FPIs) injected over Rs 87,000 crore (over $10 billion) into Indian equities this quarter, marking the highest inflow since June 2023. Key factors driving this investment include improved growth prospects, increased global index weight, and a robust IPO Market, with 50 companies raising Rs 53,453 crore by August 2024. Despite a sluggish ...
 "Amazon India ramps up operations with new fulfilment centres, preparing for record-breaking festive sales during the Great Indian Festival 2024.")
Amazon India is ramping up its operations by adding three new fulfilment centres before the festive season, expanding its storage to over 43 million cubic feet. This move aims to support the anticipated demand during the upcoming Amazon Great Indian Festival, starting on September 27, which promises over 25,000 new product launches and around 16 ...
 "Seema Nair joins Flipkart as CHRO, bringing three decades of HR expertise to transform organizational culture and leadership success.")
Flipkart, the Walmart-owned e-commerce giant, has named Seema Nair as its new Chief Human Resources Officer (CHRO). In her role, Nair will lead human resources efforts and collaborate with Flipkart’s leadership and HR teams. Previously, she held significant HR positions at Reliance Industries and Hindustan Coca-Cola Beverages, with a career spanning nearly three decades across ...
 "Despite market volatility, equity mutual funds saw record inflows, boosting investor numbers towards a historic 50 million milestone.")
Equity mutual funds (MFs) in India are experiencing remarkable growth, with inflows reaching Rs 37,113 crore in July, the second-highest monthly total ever. The investor base is expected to surpass 50 million by September, with over 10 million new investors joining in just a year. This surge is fueled by a strong equity Market performance ...
 "KVS Manian begins his challenging tenure as CEO of Federal Bank, tasked with boosting deposits and maintaining sustainable growth.")
KVS Manian has officially started his role as the managing director and CEO of Federal Bank, taking over the position on Monday. With nearly 30 years of banking experience, including a long tenure at Kotak Mahindra Bank, Manian is expected to enhance the bank’s sustainable growth strategy. One of his main challenges will be to ...
 "Tata Power’s patented self-regenerating transformer breather protects against moisture, enhancing transformer longevity and reducing maintenance.")
Tata Power Delhi Distribution Ltd has been awarded a 20-year patent for its innovative self-regenerating transformer breather, designed to safeguard transformers from moisture. This advanced technology enhances the lifespan of electric transformers by reducing the frequency of silica gel replacements, required only during scheduled maintenance every two years, compared to the conventional method that demands ...
 "Vodafone Idea’s CEO reveals strategies amid crushing AGR dues, as fresh government dialogue and a .6 billion vendor deal emerge.")
Vodafone Idea’s CEO, Akshaya Moondra, has announced that the company is in talks with the government regarding its adjusted gross revenue (AGR) dues amidst ongoing financial struggles. Following a recent Supreme Court ruling against telcos, including Vodafone Idea, which challenged the calculation of their substantial AGR liabilities, the company is focusing on raising debt funding ...
 "The Supreme Court denies Linde India’s plea against SEBI-directed valuation, citing confidentiality concerns amid ongoing investigations into related-party transactions.")
The Supreme Court has denied Linde India’s request for relief regarding a valuation process mandated by the Securities and Exchange Board of India (Sebi). This follows the company’s earlier appeal to the Securities Appellate Tribunal (SAT), which supported Sebi’s decision. Sebi instructed the National Stock Exchange (NSE) to appoint a valuer to evaluate Linde India’s ...
