Articles for category: Business

Market News

Arvind Kejriwal resigns amid corruption allegations, vowing to live among the people during Navratri, challenging his integrity in upcoming elections.

Arvind Kejriwal resigns amid corruption allegations, vowing to live among the people during Navratri, challenging his integrity in upcoming elections.

Arvind Kejriwal, the former Chief Minister of Delhi, announced he will leave his official residence during the upcoming Navratri festival starting October 3. This marks his first public statement after resigning on September 17 amidst allegations of dishonesty. Kejriwal criticized the BJP for what he claims are false accusations against him, asserting that he cannot ...

Market News

Infertility, fueled by lifestyle choices and socioeconomic barriers, threatens underprivileged communities’ hopes for parenthood, warns IVF expert Dr. Murdia.

Infertility, fueled by lifestyle choices and socioeconomic barriers, threatens underprivileged communities’ hopes for parenthood, warns IVF expert Dr. Murdia.

Infertility is increasingly seen as a crisis linked to lifestyle choices, particularly affecting lower-income communities. Dr. Ajay Murdia, founder of Indira IVF, emphasizes that factors like poor diet, obesity, smoking, and stress are leading to rising infertility rates, especially in tier 2 and 3 cities where healthcare access is limited. Studies reveal that smoking significantly ...

Market News

A critical GST panel meets on September 25, facing tension over potential tax slab changes as revenue concerns escalate.

A critical GST panel meets on September 25, facing tension over potential tax slab changes as revenue concerns escalate.

The ministerial panel reviewing GST rates will convene on September 25 to discuss potential changes to tax slabs. The Group of Ministers (GoM), led by Bihar’s Deputy Chief Minister Samrat Chaudhary, last met in August and submitted a report to the GST Council earlier this month. Currently, India’s GST structure includes four tax slabs: 5%, ...

Market News

NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

The National Company Law Appellate Tribunal (NCLAT) has ordered the interim distribution of 75 percent of the escrow funds, totaling Rs 175 crore, held by Baleshwar Kharagpur Expressway Limited (BKEL) to its secured lenders. This ruling came after a request from the State Bank of India (SBI), as BKEL, which has not serviced its loans ...

Market News

ZEE and Sony’s .5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

ZEE and Sony’s $10.5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

The National Company Law Appellate Tribunal (NCLAT) has allowed Axis Finance, IDBI Bank, and IDBI Trusteeship Services to withdraw their petitions against the merger of Zee Entertainment and Sony Pictures Networks India. This decision follows the Mumbai Bench of the National Company Law Tribunal (NCLT), which had previously approved the merger on August 10, 2023, ...

Market News

India investigates Netflix for visa violations and discrimination amid allegations, stirring drama within the streaming giant’s local operations.

India investigates Netflix for visa violations and discrimination amid allegations, stirring drama within the streaming giant’s local operations.

India is currently investigating Netflix’s local operations over concerns related to visa violations and racial discrimination. A government email revealed that authorities are examining allegations of tax evasion and illegal practices linked to the streaming giant. Nandini Mehta, a former Netflix executive, is pursuing legal action in the U.S. against the company for wrongful termination ...

Market News

Adani Energy Solutions Ltd poised for explosive growth, forecasted to outpace global peers as India’s energy demand surges.

Adani Energy Solutions Ltd poised for explosive growth, forecasted to outpace global peers as India’s energy demand surges.

Adani Energy Solutions Ltd (AESL) is a rapidly growing power transmission utility with an enterprise value of $18.5 billion. According to a recent report by Cantor Fitzgerald, AESL is expected to see a remarkable 29% compound annual growth in pre-tax profits over the next three years. With a diverse portfolio that includes transmission, distribution, and ...

Market News

The Indian rupee hits a new low against the dollar amid surging foreign investments, sparking concerns of market overheating.

The Indian rupee hits a new low against the dollar amid surging foreign investments, sparking concerns of market overheating.

This September, foreign investors have significantly increased their investments in Indian equities, pouring in around Rs 33,700 crore, mainly driven by the US Federal Reserve’s recent interest rate cut. This surge marks one of the highest monthly inflows this year, showcasing renewed confidence in the Indian Market. The overall investment from foreign portfolio investors has ...

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