Light
Dark
The rupee fell 15 paise to close at 82.73 (provisional) against the US dollar on Monday, weighed down by dollar gains in overseas markets and a flat trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange market, the rupee opened at 82.68 against the […]
The Centre has no objections to a proposal to form a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market, the Supreme Court was told on Monday while hearing petitions related to the Adani stock rout following the Hindenburg report. The central government told a bench headed by Chief […]
Shares of Adani group companies settled lower on Monday, with flagship company Adani Enterprises witnessing a 7 per cent downfall after credit rating firm Moody’s revised the rating outlook on four companies of the conglomerate to ‘negative’ from ‘stable’. Amid volatile trading in the market, shares of the group companies closed in the red. “Adani […]
As Shark Tank Season 2 continues to fascinate viewers across the country, the audience has become far more familiar with financial terminology and business jargon! However, there is more to be gained from this popular television show than just entertainment. The behaviour of the Sharks provides a deeper understanding of business and entrepreneurship. Here are […]
In morning trade on Monday, shares of the Adani group of companies fell, with the flagship company Adani Enterprises plummeting more than 4% after credit rating agency Moody’s changed the rating outlook for four of the conglomerate’s subsidiaries from “stable” to “negative.” Adani Enterprises’ stock on the Bombay Stock Exchange (BSE) fell in early trade […]
In its fight against short-seller Hindenburg Research, Gautam Adani has hired Wachtell, one of the most expensive law firms in the United States. Wachtell. Adani Group hired the services of senior lawyers Wachtell, Lipton, Rosen and Katz as it looks to stem the crisis that emerged from Hindenburg’s damning report that alleged that the conglomerate […]
Gautam Adani faced a margin call of more than $500mn on a $1.1bn share-backed loan, prompting the Indian tycoon to repay the whole debt, according to four people with direct knowledge of the matter. Rather than post cash against the loan, which did not mature until September 2024, the Adani Group’s founder and his family […]
As the October-December 2022 quarter results for the digital company Zomato approach, expectations are high to see if the meal delivery platform will follow in the footsteps of competitors like Paytm who achieved operating profitability in Q3. According to various brokerages, Zomato is predicted to experience a 68% increase in operational revenue YoY. However, losses […]
If you have a business idea, you should consider registering it with the Shark Tank India Audition 2023. The best part about registering is that it allows you to seek financial and legal assistance from India’s Big Investors. Shark Tank Season 2 of India premiered on Sony Entertainment Television on January 2. The startup reality […]
Microsoft, Meta, Google, Twitter, and now Disney. Layoffs have become a common occurrence in giant firms. The tech industry especially is rocked by job cuts, with the Walt Disney company terminating the services of 7,000 employees. The move, it’s reported, is aimed at saving $5.5 billion in costs and making its operations profitable. It’s estimated that […]
The market value of Google’s parent company’s shares dropped by more than $100 billion on Wednesday as a result of the Bard chatbot advertisement providing incorrect information and the AI search event’s lack of information regarding how it will respond to Microsoft’s ChatGPT challenge, according to analysts. The mistake in Google’s advertising, which aired on […]
Zoom Video Communications announced it was laying off 1,300 employees, or 15% of its workforce, in order to “weather the economic environment” on Tuesday. Zoom CEO Eric Yuan issued a company-wide email in which he admitted responsibility for the errors that resulted in the layoffs and said that he would forgo his corporate bonus and […]
Adani Group Chairperson Gautam Adani is back on Forbes’ list of the top 20 richest people in the world after some of his group firms’ share prices increased. Adani’s wealth increased by $1.2 billion to $60.6 billion on Tuesday, moving him up to the 17th spot on Forbes’ list of the world’s richest people. The […]
In the recent episode of Shark Tank India Season 2, shark Amit Jain, co-founder and CEO of CarDekho Group, was willing to offer Rs 5 crore for 10 per cent equity in an online job platform called ‘Unstop’ that was pitched by Ankit Aggarwal. Unstop is a completely self-funded startup that has created an online […]
Entrepreneurs are the lifeblood of any nation’s economy. With uninhibited thinking, they turn seemingly weird ideas into business plans. India is rapidly emerging as the hub of entrepreneurial activities, as could be gauged by flourishing startups. The country is home to over 85 unicorns and the valuation, estimated at $87.89 billion recently, is set to […]
The IT sector has had some ups and downs in recent months as a result of numerous corporations’ decisions to terminate large numbers of staff. Thousands of workers were let go by Meta, Microsoft, Twitter, Google, Philips, and Wipro. The troubles for technicians are far from the end, and the labour market is incredibly unpredictable, […]
Businesses have been instructed by Twitter to pay $1,000 per month in order to keep their gold badges; those that fail to do so will see their check marks removed. The Information says that the Elon Musk-led company, which is actively monetizing its platform through a variety of channels, would also charge an additional $50 […]
The sharks of Shark Tank were stunned as they came across a pitcher who had just turned 18. Shreyaan Daga, the owner of a skill development company, impressed them impressed with his entrepreneurial journey but also got a standing ovation from Aman Gupta. He is the co-founder of OnlineLiveLearning (OLL), a platform that offers classes […]
Adani Enterprises has cancelled its Follow-On Public Offering (FPO) and will refund money to its investors. The decision comes in the midst of ongoing controversy after American short seller Hindenburg Research accused the firm of utilising tax havens and raised debt concerns in a report. Adani Enterprises said in an exchange filing, “The Board of […]
Central government proposed to extend income tax benefits to startups incorporated till March 2024. Finance Minister Nirmala Sitharaman said that the government proposes to increase the benefit of carrying forward losses for startups to 10 years. Sitharaman said ‘I propose to extend the date of incorporation for income tax benefits to startups from March 31, […]
