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Domestic Mutual Funds Increase Stake in Paytm by 1% in Q2 FY25

14 Oct 2024 14:05 PM IST

Domestic institutional investors, led by mutual funds, have expanded their stake in Indian fintech giant Paytm. According to the latest shareholding data filed by the company, mutual funds have increased their stake by 1% in the second quarter of FY25. Mirae Asset and Nippon Mutual Funds are the key players

Gunjan Soni Resigns From Zomato: Have A Look At Her Email To Deepinder Goyal

14 Oct 2024 13:19 PM IST

Gunjan Tilak Raj Soni, an independent director at Zomato, has officially resigned from her position, effective immediately. The decision comes as Soni faces heightened professional obligations, leading to her departure from the online food delivery giant. Zomato disclosed this information in a recent stock exchange filing. Background and Tenure Soni

Hyundai India IPO Set to Open Tomorrow: Key Details, Price Range, and Market Outlook

14 Oct 2024 12:03 PM IST

The much-anticipated Initial Public Offering (IPO) of Hyundai Motor India Limited is scheduled to open for bidding from October 15 to October 17, 2024. This IPO is expected to be the largest in India’s history, with the price band set between ₹1,865 and ₹1,960 per equity share. Through this 100%

CCPA Directs Ola to Enhance Consumer Refund Options and Billing Transparency

13 Oct 2024 18:36 PM IST

The Central Consumer Protection Authority (CCPA) has issued new directives to Ola, mandating the implementation of a consumer-friendly mechanism that allows customers to select their preferred method of receiving refunds. This significant policy change comes as part of efforts to enhance consumer rights and service transparency. Under the new guidelines

Power Sector Leads September 2024 Investments, Contributing 49.9% of Total Value: Dolat Capital Report

13 Oct 2024 17:02 PM IST

The power sector accounted for 49.9% of total investments in September 2024, marking the highest contribution to new investments, according to a report by Dolat Capital. Despite an overall decline in investments, the power sector saw a significant rise in value, driven by major projects such as the Solar-Wind Hybrid

PM GatiShakti Transforming India’s Infrastructure, Connectivity, and Jobs: PM Modi

13 Oct 2024 13:50 PM IST

Prime Minister Narendra Modi praised the PM GatiShakti National Master Plan (NMP) on Sunday, highlighting its significant role in transforming India’s infrastructure, enhancing multimodal connectivity, driving job creation, and improving logistics as part of the country’s vision for a “Viksit Bharat” (Developed India). The initiative, launched in October 2021, recently

Government’s Infrastructure Push Sparks Surge in MICE Tourism in Northeast: Industry Experts

13 Oct 2024 13:42 PM IST

According to industry insiders, the Government of India’s push towards infrastructure development is driving a surge in Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism in the Northeast region. Corporate entities are increasingly choosing Northeast destinations for MICE events, thanks to the region’s untapped natural beauty and the government’s focus on

India’s Richest Filmmaker: $3.6 Billion Net Worth Surpasses SRK and Aditya Chopra Combined

12 Oct 2024 14:47 PM IST

It’s no secret that films are a lucrative venture in India, generating immense revenue each year. While stars often grab the spotlight, it’s the financiers and producers who typically reap the most significant profits—or face considerable losses. The wealthiest filmmaker in India operates mainly behind the scenes, amassing a fortune

India’s Drug Regulators Meet WHO Standards for Vaccine Regulations

11 Oct 2024 16:17 PM IST

The Central Drugs Standard Control Organisation (CDSCO), along with the National Regulatory Authority of India (NRA) and other affiliated institutions, has successfully met the World Health Organisation’s (WHO) international standards for vaccine regulations, according to the Ministry of Health and Family Welfare. WHO Approval After Scientific Review A team of

Noel Tata Named Chairman of Tata Trusts, Reports Confirm

11 Oct 2024 14:13 PM IST

Noel Tata has been appointed as the chairman of Tata Trusts, the philanthropic arm of the Tata Group, according to an ET Now report. He succeeds his half-brother Ratan Tata, who passed away this week at the age of 86. With this new role, Noel becomes the 11th chairman of

Stock Market Opens Flat, Experts Warn of Ongoing Volatility Ahead

11 Oct 2024 11:28 AM IST

The stock market started Friday on a flat note, with both the Sensex and Nifty facing notable losses in early trading. The Sensex dropped 185.20 points to 81,426.21, while the Nifty fell by 51.30 points, opening at 24,947.15. Among the Nifty 50, 18 stocks saw gains, while 32 declined, reflecting

Tata Group’s Valuation Exceeds Pakistan’s Economy, Employs Over 1 Million

10 Oct 2024 17:01 PM IST

The Tata Group boasts a market capitalization exceeding $400 billion, surpassing Pakistan’s projected GDP of $347 billion by the end of 2024. This milestone makes Tata Group the first Indian conglomerate to reach such a valuation. The group encompasses over 100 companies, spanning various industries from salt to airlines, and