Equity investors lose Rs 5.27 lakh crore as domestic markets slump
Indian stock markets experienced a significant downturn, mirroring the decline in Adani Group stocks following accusations of fraud and bribery in the US. The BSE Sensex plummeted over 422 points, … Read More
Gold prices surge Rs 1,400 to Rs 79,300 per 10 grams
Gold prices in the national capital surged by Rs 1,400 to Rs 79,300 per 10 grams on Thursday, boosted by jewellers’ and retailers’ buying amid renewed global uncertainty. This surge … Read More
Sebi removes 1% security deposit requirement for public issues
The Securities and Exchange Board of India (Sebi) has removed the 1% security deposit requirement for companies launching public equity share issues. This move aims to simplify business operations for … Read More
NTPC Green IPO subscribed 93% on second day of offer
NTPC Green’s IPO, priced at Rs 102-108 per share, saw a 93% subscription on its second day. Retail investors showed strong interest with 2.38 times subscription, while QIBs reached 75%. … Read More
China announces policy measures to shield exports from Trump’s tariff threat
China is bolstering its export sector to counter potential US tariff hikes threatened by President-elect Donald Trump. The measures include expanding export credit insurance, increasing financing support for international trade, … Read More
Alibaba combines e-commerce arms to tackle growing competition
Alibaba Group is merging its Chinese and international e-commerce platforms into a single unit led by Jiang Fan. This strategic move aims to strengthen Alibaba’s competitive edge in the evolving … Read More
Tata Power, ADB ink pact for $4.25-billion finance for key energy projects
Tata Power and Asian Development Bank (ADB) have partnered to explore financing options for Tata Power’s strategic projects in India. The potential investment of $4.25 billion will support projects focused … Read More
Raghu Vamsi group invests Rs 300 crore in integrated facility in Hyderabad
Raghu Vamsi Group, a Hyderabad-based manufacturer of high-precision components, is investing Rs 300 crore to establish a new facility near Hyderabad’s international airport. The facility, spanning 2 lakh sq ft, … Read More
Who is Sagar Adani, accused of bribery and fraud charges along with Gautam Adani in the US?
US prosecutors have accused Sagar Adani, nephew of Indian billionaire Gautam Adani, and others of orchestrating a massive bribery scheme. They allegedly paid over $250 million to Indian officials to … Read More