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With a single earnings report and a disastous conference call, Mark Zuckerberg wiped out $240 billion in value from his company. Meta’s was the largest one-day loss by a U.S. company ever, and the ripple effects devastated Silicon Valley. Tech losers reeling from the Meta Platforms (formerly Facebook) reckoning included Spotify (16 per cent lower) […]
Sensex on Thursday sheds around 1.29 percent and ends the day at 58,788.02, down around 770.31 points. Nifty on the other hand ends below 17,600 points. Volatility in the market was visible over the Ukraine crisis and a fall in US stocks futures which was seen after Facebook parent company Meta shares were down around […]
The Mukesh Ambani-led Reliance Industries Limited (RIL) partnered with Assets Care and Reconstruction Enterprise (ACRE) is all set to acquire the debt-ridden Sintex. They have submitted a revised resolution plan to the National Company Law Tribunal (NCLT), Ahmedabad, of Rs 2,700 crore to Rs 2,800 crore to acquire Sintex Industries Ltd. The Reliance Industries Limited […]
Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget. Out of all her announcements, what caught the eye of the youth was the announcement to set up the task force for the Animation, Visual effects, Gaming and Comic (AVGC) sector. Sector With Huge Potential: AVGC task force will be set up by the Government […]
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced the financial results for the quarter and nine months ended December 31, 2021. The company’s year-on-year cash profit rose 47 percent. The operational capacity of the company increased by 83 percent. Results posted by the company showed that sales […]
To further the national goal of aatmanirbharta, young dreams need wings to soar. In this precise bid, comes a new centre by Gujarat University, to help innovation and start-up ideas by college students. The Gujarat University Start-Up and Entrepreneurship Council (GUSEC) will help business ventures with technical expertise, channels to tap for financial assistance and […]
Chances are, you or a family member of yours holds a LIC policy. At 40 crore insurance policyholders, LIC covers almost 30% of the Indian population, and in that capacity manages to play a unique socio-economic role that is unmatched by any other institution not just within India but globally as well. Consider, for instance, […]
Indian billionaire Mukesh Ambani ’s Reliance New Energy Solar Ltd(a wholly-owned subsidiary of Reliance Industries Ltd) recently bought United Kingdom’s Sodium battery maker Faradion for $136 million. “Mukesh Ambani ‘s Reliance will use Faradion’s state-of-the-art technology at its proposed fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project […]
J.S. Bandukwala, a well-known rights activist who spent many years working towards a more inclusive society, passed away on Saturday morning in Vadodara, Gujarat. He was 77 and is survived by a son and a daughter. According to his doctor, Bandukwala, who lived alone, had been unwell for the last week due to age-related complications. […]
An SBI circular, issued on December 31, refrained women who are more than three-month pregnant from joining work. The bank’s notice termed these women “temporarily unfit.” Taking cognisance of the same, Delhi Commission for Women’s chairperson, Swati Maliwal’s protest and tweets have jointly yielded results. “State Bank of India seems to have issued guidelines […]
Adani Wilmar’s IPO opened on Thursday for a subscription. The company is offering shares in the price range of Rs 218 to 230. Important to note here is that Adani Wilmar is a Joint Venture between Adani Group led by billionaire Gautam Adani and the Wilmar group of Singapore. The Joint venture was formed in […]
Sensex on Thursday sheds around 1% and ends the day at 57,276.94, down around 581 points. Nifty on the other hand ends below 17,200 points. Volatility in the market was visible after the US Federal reserves indication to raise interest rates from March and foreign funds outflow from the market was another reason. The market […]
The International Monetary Fund (IMF) on Tuesday released the World Economic Outlook update which downgrades global growth rate (half a percentage point than what it predicted in the October World Economic Outlook(WEO). India’s growth forecast also comes down half a percent point as the new data predicts 9 percent Growth domestic product (GDP) for the […]
After witnessing mayhem on Monday where it lost around 1500 points, Sensex on Tuesday was seen recovering from the major loss. It gained around 366 points at the end of the day. As investors preferred to buy the shares at low prices, sensex ended the day in green at 57,858 points with a gain of […]
The Gujarat Government is often found to be in a tearing hurry to claim the numero uno status for almost everything, but it sometimes jumps the gun. It claims that the State leads in facilitating startups and even topped the State Startup Rankings 2019 initiated by the Department for Promotion of Industry and Internal Trade (DPIIT) […]
Dalal street witnesses mayhem on Monday as all constituents end in the red. Sensex nosedives 1545.67 points to end at 57,491.51 points. Whereas, Nifty plunges 465.05 points to end at 17,149.10 points. In the last five days, investors lost Rs. 17.54 trillion worth of investment. The Nifty is down around 6 percent in the last […]
The Sensex on Monday tanked by more than 1,200 points, hours after opening into red, slipping below the 58,000-mark. It was trading at 57,797 at the time of writing this report. The equities markets have witnessed heavy selling pressure for five consecutive sessions now. The Sensex opened in the red at 59,023.97 points and tumbled […]
The Doshi we know Organization has announced the Doshi fellowship which will support young scholars and practitioners who wish to study a contemporary situation, find suitable responses to its challenges or are looking to carry out innovative experiments. The organization will award a sum of Rs 3,00,000 to the suitable candidate. In exceptional cases organizers […]
Adani Group’s FMCG giant company, Adani Wilmar is all set to go public with their public issue of Rs 3,600 crore. The public issue will open on 25th January with a share price of Rs 218-230. Listing date is set on February 8, 2022. Adani Wilmar Ltd serves three business categories: Edible Oil, food & […]
The world is slowly moving towards green and conventional energy sources. In this light, the Union Minister of Power and New & Renewable Energy R.K Singh reviewed the progress of the Roof Top Scheme on 19th January 2022. Post the review, the Minister gave directions for simplifying the Roof Top Scheme, so that the people […]
