In a significant development in the Indian corporate landscape, the Adani Group’s promoters have recently executed a strategic transaction involving Ambuja Cements, posturing themselves for future financial stability and adjustments. They have sold approximately 2.8% of their stake in Ambuja Cements to investment firms like GQG Partners in an open market transaction, amounting to a ...
The Ambani family has faced a tumultuous day on August 23, highlighted by two significant setbacks involving Anil Ambani and Mukesh Ambani. In the morning, the Securities and Exchange Board of India (SEBI) imposed a five-year ban on Anil Ambani due to allegations of fund diversion. Following this news, a major development concerning Mukesh Ambani ...
In a significant diplomatic gesture, the Government of India has launched the Bharat Health Initiative for Cooperation and Friendship (BHISHM), aimed at providing emergency healthcare in disaster-stricken regions. Prime Minister Narendra Modi announced that India will donate four BHISHM cubes to Ukraine, designed to offer robust medical support in crises resulting from warfare or natural ...
The Indian stock market displayed a mixed performance on Friday, buoyed by shares from prominent companies such as ICICI Bank and Bharti Airtel amidst varied global trends ahead of a key speech from the U.S. Federal Reserve Chairman. The BSE Sensex, which tracks 30 of the largest companies listed on the Bombay Stock Exchange, gained ...
Automatic Recharge Feature for FASTag Wallets Image Credit source: X/IMHCL/Freepik Introduction Many drivers often forget to recharge their FASTag wallets, leading to inconveniences such as paying double toll fees at toll plazas. However, this issue is now resolved as the Reserve Bank of India (RBI) has introduced a solution. With the latest update, funds will ...
If you find yourself in urgent need of a loan and are tired of repeatedly visiting banks, there’s no need to worry anymore. A government initiative is now offering loans in just 6 minutes! We’re talking about the Open Network for Digital Commerce (ONDC), which has initiated this rapid loan disbursement process from Thursday onwards. ...
The aviation industry is often marked by strict regulations and compliance standards, and when airlines falter in these areas, it can lead to severe consequences. Recently, the Directorate General of Civil Aviation (DGCA) imposed a hefty fine of ₹9 million on Air India for operating flights with unqualified crew members. In addition to the airline’s ...
In a significant development, the Securities and Exchange Board of India (SEBI) has imposed a five-year ban on industrialist Anil Ambani. This decision comes after a 22-page report outlined multiple allegations against him and his company, primarily centered around the diversion of funds. But what does this fund diversion entail, and what led to the ...
When it comes to job selection, what do you prioritize the most? Many people might instinctively answer “salary,” but it appears that this assumption may not hold true for everyone. Recent surveys reveal a significant shift in focus among employees, indicating that their job satisfaction is increasingly influenced by factors beyond just financial compensation. In ...
The troubles for business magnate Anil Ambani do not seem to be easing. Following a significant announcement from the Securities and Exchange Board of India (SEBI), shares of his companies plummeted sharply. Yes, the last trading day of the week turned out to be unfavorable for Anil Ambani as SEBI imposed a five-year ban on ...