Personal and Body care brand Nykaa made an outstanding debut on the Indian stock exchanges on Wednesday, with shares listing at a premium of up to 79 percent compared with the issue price. On Bombay Stock Exchange, the stock of FSN E-Commerce Ventures — the parent organisation of Nykaa — was listed on the secondary market at … 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
The union govt is reportedly going to table a Bill in the winter session of Parliament aiming to create a facilitative framework for the creation of official digital currency to be issued by the Reserve Bank of India (RBI). As per the description of the Bill available, the ‘The Cryptocurrency & Regulation of Official Digital Currency Bill, … 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
The Chairman of the Indian Overseas Congress and Rahul Gandhi’s advisor Sam Pitroda stroked a political firestorm after he suggested a US-like inheritance tax in India as a way to redistribute wealth. As per the Congress leader, under this tax regime, more than half of the Wealth of a citizen will be grabbed by the government once … Read more
Telecom companies have been ordered by the government to disable 28,200 mobile phones that were used in cybercrimes. Furthermore, it has also asked telecom companies to re-verify 2 million mobile numbers associated with these handsets. The Ministry of Communications stated that these numbers would be disconnected if the second verification is unsuccessful, in a statement. The government is combating cybercrimes … Read more
Finance Minister Nirmala Sithraman presented the Union Budget 2022 on February 1. This year’s budget was Finance Minister Nirmala Sitharaman’s fourth successive budget. In her speech, Finance Minister Nirmala Sitharaman said that the Union Budget sought to lay the foundation and give a blueprint of the economy over ‘Amrit Kal’ of the next 25 years … Read more
Deposits in bank accounts opened under the Modi government’s Jan Dhan initiative, which was introduced roughly seven and a half years ago, have surpassed Rs 1.5 lakh crore. The total balance in approximately 44.23 million Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was Rs 1,50,939.36 crore at the end of December 2021, according to the latest … Read more
Despite sour relations with China over aggressions at the border, India’s trade relations with the county continues on an upwards trend. India has a trade deficit with China for a long time now, which means India imports far from China compared to exports across the Himalayas. According to reports, India-China trade grew to a record $125 … Read more
India’s dedication to democratic processes is demonstrated by its efforts to ensure that every individual gets an opportunity to exercise his/her right to vote. This includes setting up polling booths in some of the most distant and inaccessible areas of the country. From high-altitude Himalayan settlements to deep forests inhabited by indigenous tribes, these polling booths demonstrate … Read more