A Major Downturn Shakes Indian Markets On December 19, 2024, the Indian stock market experienced a severe downturn, with the Sensex plunging nearly 1,200 points and the Nifty 50 dropping below the critical 24,000 mark. This significant crash was primarily triggered by global economic concerns, particularly the US Federal Reserve’s hawkish stance on interest rate…
In a stern message to Ola employees on December 17, CEO Bhavish Aggarwal criticized poor attendance across the company, urging a renewed commitment to professionalism and discipline. The message, which has since gone viral on social media, highlights Aggarwal’s disappointment with employee absenteeism and addresses excuses regarding the company’s facial recognition attendance system. The CEO’s…
The Indian stock market has been in turmoil this December, dashing investor hopes for a year-end rally. With Nifty and Sensex slipping for four straight sessions, the losses have amounted to a staggering Rs 10.5 lakh crore in investor wealth. Market experts attribute the downturn to hawkish commentary from the US Federal Reserve, which sparked…
Sky Gold Ltd.’s share price has faced notable fluctuations recently, witnessing a 5.5% drop today. The stock is currently trading at approximately ₹440.95, down from its previous close of ₹488.55. This decline is part of a broader trend marked by volatility over the last few weeks. Investors are keeping a close watch on the stock,…
The Nifty 50 Index is trading at approximately 24,336, reflecting a sharp 1.35% decline from the previous day. This downturn stems from weak global cues and growing domestic market challenges, prompting cautious investor sentiment. Analysts suggest that market participants keep a close eye on key support and resistance levels as volatility may intensify. 1. Nifty…
Vidhi Shanghvi, the daughter of India’s richest healthcare billionaire Dilip Shanghvi, is playing a pivotal role in Sun Pharmaceutical Industries, one of the largest pharmaceutical companies in the world. Along with her brother Aalok Shanghvi, Vidhi is being groomed to carry forward her father’s ₹4.35 lakh crore healthcare empire. As the Vice President of Sun Pharma and the head of Consumer…
Japanese automakers Honda and Nissan are reportedly exploring a potential merger, signaling a strategic shift to overcome shared challenges in the global automotive market. The talks, which also include Mitsubishi, could mark a significant moment for the Japanese auto industry, uniting three of its major players. The companies confirmed the discussions on Tuesday but provided limited details regarding the structure or…
Vishal Mega Mart, the Gurugram-based retail giant, made an impressive debut on the NSE, with shares listing at a 33.33% premium over the IPO allotment price of ₹78. The stock opened at ₹104, exceeding investor expectations and marking a significant milestone in the company’s journey. 1. Vishal Mega Mart’s Spectacular Market Debut Vishal Mega Mart’s…
The Indian stock market is set to witness significant corporate actions, particularly in the Futures & Options (F&O) segment, with leading companies like ITC Ltd, Tata Motors Ltd, Vedanta Ltd, ABFRL, and Siemens Ltd announcing plans for business demergers. These demergers aim to streamline operations, unlock shareholder value, and create independent business entities with a…
Japanese internet and telecommunications giant SoftBank, led by CEO Masayoshi Son, has announced a monumental $100 billion investment in the United States over the next four years. The investment is expected to focus on key areas such as artificial intelligence (AI), emerging technologies, data infrastructure, and energy-related projects. The announcement came after Son’s meeting with…
