What would be your reaction if you were told that your money grows 5% everyday? Yes, you read that right, 5% upward everyday. Paras Defence and Space Technology is a company that got listed in the stock market just recently. The IPO was subscribed over 300 times, which in itself was a record in Indian … Read more
Lecturing India about imaginary ‘human rights’ and ‘communalism’ and dangers to democracy has been the favorite political habit of politicians, media, and the elite in Western nations. Unsurprisingly, some politicians of Indian origin pretend they are better at lecturing India than their white compatriots. In a recent manifestation of this phenomenon, Indian American lawmakers Ro … Read more
On October 11, the Airports Authority of India (AAI) handed over the responsibilities of the Jaipur International Airport to Adani Group. The group will manage the Airport for 50 years. JS Balhara, Airport Director, handed over the Airport’s symbolic key to Vishnu Jha, Chief Airport Officer Adani Jaipur International Ltd. Balhara said that the company would handle … Read more
Shares of Tata Group Companies rallied on Wednesday with Tata Motors, Tata Motors DVR, Tata Power, Tata Chemicals and Tata Investment Corporation among companies that saw their share prices rise in the range of 10 to 20 per cent. Titan, Tata Steel and Tinplate were also among the stocks that contributed to the ongoing rally. The surge … Read more
A week after submitting her resignation, Padmaja Reddy, founder and former managing director of Spandana Sphoorty Financial, has penned a letter revealing murky details of her tussle with private equity investor Kedaara Capital over a proposal to sell the company to Axis Bank. Reddy has alleged that there was no transparency whatsoever in how the Axis … Read more
The work on India’s third aircraft carrier, one of the long-cherished dreams of the Indian Navy, will start soon, as recently revealed by Defence Minister Rajnath Singh. Speaking with The Tribune, Defence Minister Singh said that India will soon start making its third aircraft carrier and emphasised that India will not stop at three aircraft carriers. He … Read more
PM Modi on Saturday chaired a meeting on the path ahead for managing the cryptocurrency sector where a consensus was reached on the Centre needing to take “progressive and forward-looking” steps while ensuring that an unregulated crypto market does not lead to “money laundering and terror financing”. The government will keep a close watch on … Read more
Shares in online payment platform giant PayTM fell as much as 26 % in their market debut, minutes after debuting on the stock market as India’s biggest ever Initial Public Offering (IPO). The shares opened for trading at ₹ 1,950 on the National Stock Exchange (NSE), at a decline of 9.3 per cent or ₹ 200 from its issue … Read more
Reliance Industries Ltd (RIL) and Saudi Aramco have mutually decided to re-evaluate the investment deal involving the O2C (Oil to Chemicals) business of the RIL considering the recent developments, according to reports. The deal under talks was worth $15 billion. The November 19 statement of RIL read, “Due to the evolving nature of Reliance’s business portfolio, … Read more
omato prices are on the rise for almost two months now, which started to increase since the end of September. The rise in tomato prices was first caused by unseasonal rains in northern producing states of Punjab, Uttar Pradesh, Haryana and Himachal Pradesh, which led to damage of crops and delay of arrival of tomatoes … Read more