India’s wealthiest business leaders, Mukesh Ambani and Gautam Adani, have seen their net worth fall below the $100 billion threshold in recent months. This development reflects broader challenges in their core businesses as well as the evolving economic landscape. Despite setbacks, both industrialists remain key players shaping India’s economic future. Mukesh Ambani’s Wealth Decline: Key…
The much-anticipated Vishal Mega Mart IPO allotment is set to be finalized today, Monday, December 16, 2024. The IPO, which garnered strong investor interest, closed for subscription on December 13, 2024, witnessing an oversubscription of 27.28 times. With shares offered in the ₹74-₹78 price band and a lot size of 190 shares, the response from…
The Unified Payments Interface (UPI) has proven to be a game-changer for financial transactions in India, showcasing unprecedented growth and global adoption. Between January and November 2024, the UPI system facilitated a staggering 15,547 crore transactions amounting to ₹223 lakh crore, reflecting its transformative impact on the Indian economy and beyond. UPI’s Unmatched Growth in…
The Indian primary market is buzzing with activity as five mainboard IPOs prepare to hit Dalal Street, aiming to collectively raise ₹18,340 crore over the next three days. With renewed investor interest and rising grey market premiums (GMPs), these IPOs are expected to fuel the ongoing bullish sentiment and historic highs in the Indian IPO market. IPO Highlights: Dates,…
Noida-based home salon services startup YesMadam, known for its appearance on Shark Tank India, is facing massive backlash online after allegedly laying off over 100 employees based on the results of a mental health survey. The incident has triggered widespread criticism, particularly on LinkedIn, with many questioning the ethics behind the company’s actions. The Controversial Layoffs A YesMadam employee, reportedly…
In a shocking case of fraud, six former Apple employees have been charged with stealing over $150,000 by exploiting Apple’s charity donation matching program. The scheme, which spanned three years (July 2018 to April 2021), involved fake donations to children’s charities, enabling the accused to pocket the funds intended for charitable causes. The Scheme: How…
Bhavish Aggarwal, Chairman & Managing Director of Ola Electric, has announced a groundbreaking expansion in India’s electric mobility landscape. In a post on X (formerly Twitter), he revealed that Ola Electric will open 4,000 new stores across the country on December 20, 2024. This move, which increases their existing network from 800 to 4,000 locations,…
The box office battle between Bhool Bhulaiyaa 3 and Singham Again continues to draw attention, with both films performing exceptionally well globally. However, Bhool Bhulaiyaa 3 has managed to take a significant lead, despite being made on nearly half the budget of Singham Again. Bhool Bhulaiyaa 3: A Surprise Box Office Champion On Day 26,…
A Marvel in the Sea One of the most important maritime routes in the world is the Suez Canal, an artificial canal in Egypt. By linking the Mediterranean and Red Seas, it drastically cuts down on the time and distance of the maritime route between Europe and Asia. For generations, this vital river has served…
