The Indian stock market witnessed a sharp decline as both Sensex and Nifty 50 dropped over 1.5%, driven by mounting concerns over the Human Metapneumovirus (HMPV) scare, global economic uncertainty, and heavy selloffs by Foreign Institutional Investors (FIIs). Recent HMPV cases in Bengaluru have sparked investor anxiety, while weak global market cues, fueled by recession Read More…
India’s richest moguls, Mukesh Ambani and Gautam Adani, have slipped below the $100 billion net worth threshold. Ambani now holds $98 billion, while Adani’s wealth has dropped to $84 billion. The decline is driven by market volatility, fluctuating stock prices, and global economic uncertainties affecting their business domains in energy, infrastructure, and telecommunications. Despite this Read More…
Max Life Insurance has officially rebranded as Axis Max Life Insurance following its strengthened partnership with Axis Bank. This move comes after a series of strategic transactions in which Axis Bank increased its stake in Max Life, leading to a deeper integration of their operations. The rebranding reflects a more unified approach, aiming to enhance Read More…
Air India, continuing its ambitious growth strategy, has announced an order for 100 additional aircraft following last year’s historic purchase of 470 planes from Boeing and Airbus. This move, part of the Tata Group’s strategy to modernize and expand the airline’s fleet, reflects a significant push to reclaim its status as a leading global carrier. Read More…
Karnataka Chief Minister Siddaramaiah officially launched the sale of Nandini milk in Delhi on November 21, 2024, marking the Karnataka Milk Federation’s (KMF) expansion into the national capital after nearly three decades. Initially, KMF aims to supply 1 lakh liters of milk daily, targeting an eventual capacity of 5 lakh liters. This move is seen Read More…
Zomato’s CEO Deepinder Goyal has issued a clarification following backlash over a job posting for a “Chief of Staff to CEO” role, which offered zero salary and required applicants to pay upfront fees. Goyal acknowledged the mistake, stating that the listing did not reflect Zomato’s standard hiring practices. Despite the controversy, the post garnered over Read More…
Amazon India has announced plans to shift its Bengaluru headquarters from the World Trade Centre (WTC) to a new facility near Kempegowda International Airport by 2026, as part of a strategic cost-cutting move. This relocation will reduce the company’s real estate expenses significantly, with rental costs dropping by two-thirds compared to the premium rates at Read More…
India’s domestic air travel achieved a significant milestone on November 17, 2024, with 5.05 lakh passengers flying within the country, setting a new single-day record. The surge in air traffic was driven by the festive season and weddings, as airlines operated 3,173 flights, carrying a total of 5,05,412 passengers. The occupancy rate for most major Read More…
The Indian Rupee reached an all-time low, reflecting a downward trend across Asian currencies as markets react to ongoing U.S. election updates. The uncertainty surrounding potential shifts in U.S. fiscal policy and economic strategies has fueled volatility, leading investors to exercise caution. As the dollar strengthens, emerging markets like India feel the impact, with the Read More…
Reliance Industries is gearing up for the Initial Public Offering (IPO) of its telecom subsidiary, Reliance Jio, aiming for a 2025 launch with an estimated valuation surpassing $100 billion, as per recent media reports. Expected to be one of the largest IPOs in Indian market history, this move marks a significant milestone in Reliance’s ongoing Read More…