Mutual funds are a popular investment vehicle for individuals looking to grow their wealth over time. They offer diversification, professional management, and accessibility to a range of assets that might …
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GST Council Meeting: Railway platform tickets exempted from GST, biometric authentication push, and other key decisions
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At its 53rd GST Council Meeting in New Delhi, the council resolved to introduce nationwide biometric authentication to tackle counterfeit invoicing. Finance Minister Nirmala Sitharaman disclosed retrospective changes to input …
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Prosus values Byju’s at zero, citing a decline in value for markdown
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Byju’s has faced multiple valuation markdowns from early backers, including Prosus. Recently, HSBC reported that Prosus values Byju’s at zero, marking a significant shift in investor sentiment towards the edtech …
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SEBI Cracks Down on Quant MF on Suspicion of Front Running Case
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SEBI cracks down on Quant suspecting a dealer at the fund or a broking firm leaked trade information. The regulator has conducted search and seizure operations at Quant’s Mumbai headquarters …
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Mazagon Dock Shipbuilders Surge Over 7% After Securing ‘Navratna’ Status
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In a significant development for India’s defense sector, Mazagon Dock Shipbuilders Limited (MDL) has been designated as the 18th Navratna company by the Government of India. This recognition marks a …
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What Are Navratna Companies and Which Are the 18 Navratna Companies?
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In the context of India’s public sector, “Navratna” is a term that signifies excellence, autonomy, and strategic importance. Derived from the Sanskrit word for “nine gems,” Navratna companies are among …
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Tata Sons to invest Rs 750 crore in constructing Ayodhya Ram temple museum
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The Union government has collaborated with Tata Sons to construct a ₹650 crore Ayodhya Ram temple museum. Tourism Minister Jaivir Singh elaborated on the decision, stating that the tourism department …
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Amara Raja signs licensing agreement with GIB EnergyX for Li-ion battery technology
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GIB EnergyX Chairman and Gotion HighTech Co Director, Steven Cai said the partnership with Amara Raja will greatly benefit Indian customers in their energy transition journey. Amara Raja, a prominent …
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Allied Blenders to Vraj Iron and Steel: 2 mainboard and 8 SME IPOs launching this week; Here’s what you need to know.
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Vraj Iron and Steel IPO: The IPO of Vraj Iron and Steel opens for subscription on Wednesday, June 26. The issue will remain open for three trading days, until Friday, …
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Morgan Stanley Acquires 0.55% Stake in Axis Bank: Strategic Move in Indian Banking Sector
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In a significant development in the Indian banking sector, global financial services firm Morgan Stanley has acquired a 0.55% stake in Axis Bank, one of India’s leading private sector banks. …