Articles for category: Business

Market News

Arvind Kejriwal resigns amid legal turmoil, as Atishi steps up to lead AAP’s fight for justice and re-election in Delhi.

Arvind Kejriwal resigns amid legal turmoil, as Atishi steps up to lead AAP’s fight for justice and re-election in Delhi.

Delhi Chief Minister Arvind Kejriwal resigned following his recent arrest over alleged irregularities in the city’s liquor policy. This move came after he declared his intention to seek “justice from the people’s court” through upcoming elections. Aam Aadmi Party’s Atishi has been appointed as the interim Chief Minister until the elections, which are expected in ...

Market News

A fire at Jio’s data center sparked a nationwide outage, impacting millions as services struggled to recover.

A fire at Jio’s data center sparked a nationwide outage, impacting millions as services struggled to recover.

A fire at Reliance Jio’s data center has caused a nationwide network outage in India, affecting over 10,000 users according to Downdetector. The majority of complaints are related to mobile network issues, while others are facing internet and broadband disruptions. Fortunately, the fire has been contained, and efforts are underway to restart server operations soon. ...

Market News

Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.

Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.

Tails Trading Group, a UK-based supplier of consumer packaged goods led by Indian entrepreneur Siddharth Shankar, has sold its private labelling division for GBP 395 million to an international investor consortium. The labelling division supplies various products, including food, beverages, and household items, to major retailers and airlines across North America and Europe. Shankar views ...

Market News

Indo National Ltd divests its 51% stake in Kineco Ltd for Rs 220 crore, shifting focus to aerospace and defence industries.

Indo National Ltd divests its 51% stake in Kineco Ltd for Rs 220 crore, shifting focus to aerospace and defence industries.

Indo National Ltd, established in 1972, is a prominent manufacturer of dry-cell batteries in India, operating under the Nippo brand. Recently, the company announced its decision to sell its 51 percent stake in Kineco Ltd, a composites manufacturer, for Rs 220 crore. This move aims to fund new ventures in the aerospace and defense sectors, ...

Market News

BSE suspends Trafiksol IPO listing amid investor concerns over financial irregularities, following a complaint to market regulator Sebi.

BSE suspends Trafiksol IPO listing amid investor concerns over financial irregularities, following a complaint to market regulator Sebi.

The Bombay Stock Exchange (BSE) has delayed the listing of Trafiksol ITS Technologies due to investor concerns about the company’s financial health and how it plans to use the IPO proceeds. The Rs 45-crore initial public offering attracted bids worth over Rs 10,000 crore, but issues such as frequent auditor resignations and questionable spending raised ...

Market News

Gaurs Group prepares for an IPO amid soaring demand, fueled by a record-breaking luxury housing project launch.

Gaurs Group prepares for an IPO amid soaring demand, fueled by a record-breaking luxury housing project launch.

Gaurs Group is set to launch its Initial Public Offering (IPO) within the next 18 months, aiming to expand its operations in response to strong consumer demand. The company’s Chairman, Manoj Gaur, announced plans to grow its housing project development across the Delhi-NCR region. Following the successful launch of a luxury housing project in Ghaziabad ...

Market News

In escalating tensions, Yemen’s Houthis threaten Israel and U.S. forces, amid ongoing violence in Gaza and international misinformation.

In escalating tensions, Yemen’s Houthis threaten Israel and U.S. forces, amid ongoing violence in Gaza and international misinformation.

The US recently denied claims made by a senior Houthi official that it offered recognition of the Houthi government in Yemen to halt their attacks. This statement followed a significant escalation, where a ballistic missile from the Iran-aligned Houthis reached central Israel for the first time. The group has been targeting Israel and ships they ...

Market News

On Modi’s birthday, Amit Shah praises his dedication, amid political greetings and a tragic factory explosion in Firozabad.

On Modi’s birthday, Amit Shah praises his dedication, amid political greetings and a tragic factory explosion in Firozabad.

Union Home Minister Amit Shah celebrated Prime Minister Narendra Modi’s birthday, praising his dedication and positive impact on India’s global standing. Shah expressed his wishes for Modi’s health and longevity, highlighting the Prime Minister’s tireless efforts in improving the lives of citizens. Separately, former minister Smriti Irani noted that India’s financial potential is not fully ...

Market News

A tragic explosion at a firecracker factory in Uttar Pradesh kills four, including a child, and injures six, prompting urgent rescue efforts.

A tragic explosion at a firecracker factory in Uttar Pradesh kills four, including a child, and injures six, prompting urgent rescue efforts.

A tragic explosion at a firecracker storage facility in Firozabad district, Uttar Pradesh, claimed the lives of four individuals, including a three-year-old girl and her mother. The incident occurred late Monday night, leading to injuries for six others who have since been hospitalized. Rescue efforts revealed that several people may still be trapped under the ...

DeFi Explained: Simple Guide Green Crypto and Sustainability China’s Stock Market Rally and Outlook The Future of NFTs The Rise of AI in Crypto