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Swiggy IPO Hits Markets, Raises ₹5,085 Crore from Anchor Investors

Swiggy IPO Hits Markets, Raises ₹5,085 Crore from Anchor Investors

06 Nov 2024 15:42 PM IST

Food delivery giant Swiggy launched its ₹11,327.43 crore IPO on Wednesday, November 6, after securing ₹5,085.02 crore from anchor investors a day prior. The IPO bidding window remains open until Friday, November 8, 2024, with a grey market premium of ₹11 per share reported on opening day. Swiggy has set
How Wealthy Are Donald Trump’s Sons: Assets, Investments, and Business Ventures

How Wealthy Are Donald Trump’s Sons: Assets, Investments, and Business Ventures

06 Nov 2024 13:36 PM IST

In a recent interview with YouTuber Adin Ross, Donald Trump referred to his son Barron as an “asset” in his campaign to engage Gen-Z voters for the 2024 presidential election. Barron, aged 18, is said to have inherited an estimated net worth of $80 million, according to Daily Express US,
Bitcoin Surges to Record $75,000 Amid US Election Developments

Bitcoin Surges to Record $75,000 Amid US Election Developments

06 Nov 2024 10:48 AM IST

Bitcoin has hit an all-time high of $75,000 as investors monitor the ongoing U.S. election results, with many speculating that former President Donald Trump’s potential advantage could further boost the cryptocurrency. According to Coin Metrics, Bitcoin rose sharply to reach $75,000 on Wednesday, settling at $74,392 in early trading—a 7%
Nifty and Sensex Open Higher Amid US Election; Experts Warn of Continued Volatility

Nifty and Sensex Open Higher Amid US Election; Experts Warn of Continued Volatility

06 Nov 2024 10:02 AM IST

Indian stock markets opened on a positive note Wednesday, with gains amid ongoing US election vote counting. The Nifty 50 index rose 95 points (0.39%) to 24,308.75, while the BSE Sensex increased by 295 points (0.37%) to 79,771.82. Market experts cautioned that the ongoing U.S. election could maintain high volatility
India’s Kharif Foodgrain Production Hits Record High: Projected at 1,647 Lakh Metric Tonnes for 2024–2025

India’s Kharif Foodgrain Production Hits Record High: Projected at 1,647 Lakh Metric Tonnes for 2024–2025

05 Nov 2024 19:52 PM IST

India’s kharif foodgrain production for the agricultural year 2024–2025 is estimated to reach a historic high of 1,647.05 lakh metric tonnes (LMT). This figure, released in the first advance estimates by the Ministry of Agriculture, surpasses last year’s production by 89.37 LMT and exceeds the average kharif production by 124.59
Sensex Gains 694 Points Amidst Volatile Session as Investors Focus on US Elections

Sensex Gains 694 Points Amidst Volatile Session as Investors Focus on US Elections

05 Nov 2024 17:18 PM IST

In a turbulent trading session on Tuesday, the Indian stock market experienced sharp fluctuations as the Sensex oscillated between gains and losses. Ultimately, the Sensex closed at 79,476.63 points, rising 694.39 points or 0.88%, while the Nifty finished at 24,213.30 points, up by 217.95 points or 0.91%. Despite these gains,
Govt Launches Phase II of Subsidized Bharat Food Program to Ensure Affordable Staple Prices

Govt Launches Phase II of Subsidized Bharat Food Program to Ensure Affordable Staple Prices

05 Nov 2024 15:45 PM IST

The Indian government launched Phase II of its subsidized Bharat brand food distribution program on Tuesday, aimed at making essential food items like rice and wheat more affordable. Union Minister of Consumer Affairs, Food and Public Distribution, Pralhad Joshi, inaugurated the event by flagging off mobile vans of agencies such
Solar Energy Becoming Most Affordable Power Source: MNRE Secretary

Solar Energy Becoming Most Affordable Power Source: MNRE Secretary

05 Nov 2024 14:25 PM IST

Solar energy is rapidly becoming the least-cost energy option for India’s power sector, according to Prashant Kumar, Secretary of the Union Ministry of New and Renewable Energy (MNRE). Speaking at the High-level Conference on New Technologies for Clean Energy Transition, Kumar highlighted the significant advancements in solar technology, including the
Reliance Jio Plans IPO for 2025, Potentially India’s Largest Ever

Reliance Jio Plans IPO for 2025, Potentially India’s Largest Ever

04 Nov 2024 18:40 PM IST

Billionaire Mukesh Ambani is reportedly preparing an initial public offering (IPO) for his telecom venture, Reliance Jio, slated for 2025. Following this, an IPO for Reliance Retail is anticipated, although it will come at a later date. According to sources cited by Reuters, this IPO could potentially surpass Hyundai India’s
Sonowal Launches ₹187.33 Crore Port Infrastructure Projects at Chennai and Kamarajar Ports to Boost Trade

Sonowal Launches ₹187.33 Crore Port Infrastructure Projects at Chennai and Kamarajar Ports to Boost Trade

04 Nov 2024 16:58 PM IST

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, inaugurated a series of projects at the Chennai Port Authority and Kamarajar Port Limited on Monday, marking a significant investment of ₹187.33 crores. These initiatives are designed to enhance port infrastructure, streamline trade operations, and advance India’s green port initiatives. Key
YEIDA Launches New Residential Plot Scheme Near Jewar Airport

YEIDA Launches New Residential Plot Scheme Near Jewar Airport

04 Nov 2024 15:27 PM IST

The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new residential plot scheme in Sector 24A near the upcoming Jewar Airport. This scheme offers 451 plots ranging from 120 to 260 square meters, registered under the Real Estate Regulatory Authority (RERA). Application and Allotment Process Applications for the scheme
‘Fake Stock Trading Experts’: Rs 96.8 Lakh Scam In Maharashtra, Senior Citizen Loses Money In 19 Day

‘Fake Stock Trading Experts’: Rs 96.8 Lakh Scam In Maharashtra, Senior Citizen Loses Money In 19 Day

04 Nov 2024 13:31 PM IST

A 61-year-old man from Raigad fell victim to a major financial scam, losing nearly Rs 96.8 lakh in just 19 days. The scammers lured him with promises of high returns through stock trading, leading to a significant financial loss for the senior citizen. How the Fraud Unfolded The incident began
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