The International Longshoremen’s Association (ILA), a major US union representing around 45,000 dockworkers, has ended its strike after reaching a tentative agreement with the United States Maritime Alliance (USMX), which represents ocean carriers and port operators. The strike, which began on October 1, 2024, was the first large-scale strike by the ILA since 1977, affecting […]
In a significant development in India’s burgeoning IPO market, SoftBank-backed food delivery giant, Swiggy, has received approval from its shareholders to increase the size of its fresh issue in its upcoming IPO. The approval will allow the company to raise the fresh issue size to 50 billion rupees ($595 million), a substantial increase from the previously […]
Hyundai Motor India, the country’s second-largest car manufacturer, is reportedly planning to launch a $3 billion Initial Public Offering (IPO) on October 14, 2024. This IPO, if it goes ahead, would be the largest in India after the Life Insurance Corporation’s (LIC) IPO, which was around Rs 21,000 crore. The IPO of Hyundai Motor India Limited […]
In a significant development that has caught the attention of millions of devotees worldwide, the Supreme Court of India has ordered an independent Special Investigation Team (SIT) probe into the controversy surrounding the alleged use of animal fat in the preparation of Tirupati laddus. These laddus are a sacred prasadam at the Sri Venkateswara Temple in Tirupati. The probe […]
Suzlon Energy, a prominent renewable energy solution provider, has recently been under the market’s microscope due to a significant drop in its share price. The company’s shares took a 5% hit after receiving an ‘advisory cum warning’ letter from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This development has sparked concerns […]
Indian markets were hit hard on Thursday as escalating geopolitical tensions in the Middle East led to a sharp decline in equity indices, wiping out Rs 10 lakh crore in market capitalization. The benchmark BSE Sensex nosedived 1,769 points (2.10%), closing at 82,497, while the Nifty 50 plunged 546 points (2.12%) to 25,250. This broad […]
Tech billionaire Elon Musk has become the first person to reach 200 million followers on X, the social media platform he acquired in October 2022 for $44 billion. Musk, the owner of X, now leads in followers ahead of former US President Barack Obama, who has 131.9 million, and football superstar Cristiano Ronaldo, with 113.2 […]
Vijay’s much-anticipated farewell film, tentatively titled Thalapathy69, is officially launching today with a pooja ceremony in Chennai. The film’s shoot is expected to begin tomorrow, kicking off with a song sequence, though the makers have yet to confirm this schedule publicly. Amidst the buzz, fans are eagerly waiting for clarification on persistent rumors that Thalapathy69 […]
Devara: Part 1, the latest action epic starring Jr NTR and Janhvi Kapoor, has made a significant impact at the box office, amassing Rs 353.24 crore globally within just six days of its release. Directed by Koratala Siva, the film has enjoyed a strong boost in collections, particularly on its first Wednesday, due to the […]
Cerebras Systems, a rising player in the AI hardware space, is looking to challenge Nvidia’s dominance as it gears up for a major IPO. Nvidia, whose chips are crucial for training AI models like OpenAI’s ChatGPT, has seen its market value soar nearly 600% since ChatGPT’s rise. However, Cerebras, backed by investors like Altimeter and […]
OpenAI has shattered records by securing a monumental $6.6 billion in funding, a move that could elevate its valuation to an eye-popping $157 billion. This latest round, fueled by a diverse group of investors, positions the AI powerhouse at the forefront of global tech innovation despite undergoing significant internal shifts. Investor Confidence Amidst Executive Changes […]
The escalating conflict in the Middle East, particularly between Iran and Israel, has sent shockwaves through global markets, with India feeling the tremors. The Nifty 50 index and the S&P BSE Sensex, key indicators of the Indian stock market, have both seen a decline of over 1%. At 9.38 a.m., Sensex was down 589 points […]
In a sign of India’s booming equity markets, 15 companies submitted their initial public offering (IPO) draft documents to the Securities and Exchange Board of India (SEBI) on the last day of September. This brings the total number of IPO filings for the month to 41, marking the highest-ever filings in a single month. Market […]
Japan’s foreign and defense ministers announced on Wednesday that they are not moving forward with Prime Minister Shigeru Ishiba’s recent proposal to establish an “Asian NATO,” following opposition from key partners, including the U.S. and India. Ishiba put forth the idea ahead of his victory in Japan’s ruling party leadership election last Friday, suggesting that […]
As concerns over children’s screen addiction grow, a new study suggests that allowing students brief phone breaks in the classroom can actually improve their performance and reduce overall phone use, researchers reported on Wednesday. A team of U.S. researchers conducted a semester-long experiment, revealing that college students who were given just one-minute phone breaks […]
On the occasion of Gandhi Jayanti, Rahul Gandhi paid his respects to Mahatma Gandhi at Rajghat and urged everyone to lead a life without fear, echoing the teachings of the Father of the Nation. Rahul Gandhi also shared a video on his social media handle, emphasizing the importance of walking on the path of truth, […]
Indian stock exchanges have revised their transaction fees for cash, futures, and options trading, effective from Tuesday. Changes related to Tax Deducted at Source (TDS) and government bonds also came into force. According to the National Stock Exchange (NSE), the updated transaction fees are as follows: Cash market: ₹2.97 per ₹1 lakh of traded value. […]
The Securities and Exchange Board of India (SEBI) has announced a series of new measures aimed at curbing speculative trading in the futures and options (F&O) segment, after data revealed that nine out of ten participants have consistently lost money over the past three years. As part of the new regulations, SEBI has increased the […]
Ola Electric, led by Bhavish Aggarwal, continues to witness a decline in its market share within the Indian electric vehicle (EV) sector. In September, the company’s share dropped further to 27%, impacted by intensifying competition and issues surrounding its service centers. According to data from the government transportation portal Vahan, Ola Electric sold 24,665 e-scooters […]
Billionaire Gautam Adani’s flagship firm, Adani Enterprises, is gearing up to roll out its share sale as early as next week, according to sources familiar with the matter. This marks the company’s return to the public equity markets after a previous plan was shelved following a damning short-seller report in 2023. Adani Enterprises is planning […]