Articles for tag: Alerts, Bihar, Devastates, Evacuation, Face, Flash, Flood, Intense, inundated, Lakh, Rainfall, Regions, Residents, Triggering

September 28, 2024

Intense rainfall devastates Bihar, triggering flash flood alerts as over 13 lakh residents face evacuation from inundated regions.

Heavy rainfall is expected in several districts of Bihar, as the India Meteorological Department has issued a warning for low to moderate flash flood risks in 13 areas. The affected districts, including West Champaran, Muzaffarpur, and Patna, are on high alert as the Disaster Management Department urges local administrations to adopt preventive measures. Meanwhile, around ...

September 25, 2024

Market News

Business

Nishant Pitti sells 14% stake in Easy Trip Planners, triggering a 15% share price drop amid significant market turbulence.

Nishant Pitti, a co-founder of Easy Trip Planners, has sold a 14 percent stake in the company for Rs 920 crore through open Market transactions. The sale involved approximately 24.65 crore shares, with prices ranging from Rs 37.22 to Rs 38.28. Following this transaction, Pitti’s ownership in the company has decreased from 28.13 percent to ...

September 13, 2024

Market News

Business

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 ...

September 7, 2024

Market News

Business

Byju’s faces turmoil as auditor BDO resigns amid insolvency, triggering a forensic audit, while the company’s value plunges dramatically.

Byju’s, the Indian edtech giant, is facing significant challenges as its auditor, BDO Global, has resigned amid ongoing insolvency proceedings. The company claims it could not provide the requested documents because its board is currently suspended due to these proceedings. Byju’s has requested a forensic audit of BDO’s resignation, which was ordered by an insolvency ...