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Warren Buffett has donated $1.2 billion as part of his pledge to give away his $150 billion fortune. In a letter to shareholders, he reflected on life’s unpredictability and his plans for wealth distribution after death. Buffett hopes his children will manage his legacy, with strict guidelines for how to use his fortune for philanthropy, […]
Department for Promotion of Industry and Internal Trade has partnered with social gaming platform WinZO for 2 years to enhance India’s global gaming position. Collaboration aims to support over 2,000 startups, innovators, and students through mentorship, workshops, and hackathons. A key initiative is the establishment of a Center of Excellence to address talent gaps and […]
The BSE Sensex ended 105.79 points lower at 80,004.06, snapping a two-day winning streak. The NSE Nifty50 dropped 27.40 points to 24,194.50. Adani Group shares plummeted up to 7% following ratings downgrades by Fitch and Moody’s. While small-cap stocks outperformed, sectoral indices were mixed, with IT, FMCG, and Media rising, while Auto, Pharma, and OMCs […]
Adani Enterprises Ltd. and Wilmar International Ltd. are reportedly delaying the sale of at least 12% in their Indian food venture, Adani Wilmar Ltd., following a US bribery indictment against billionaire Gautam Adani. The share sale, originally planned for this month, is required to comply with local securities law, which mandates at least 25% of […]
Here are the silver prices per 10 grams today in the top cities. ★ Chennai – ₹1004, ★ Mumbai – ₹914, ★ Delhi – ₹914, ★ Kolkata – ₹914, ★ Bangalore – ₹914, ★ Hyderabad – ₹1004, ★ Kerala – ₹1004, ★ Pune – ₹914, ★ Vadodara – ₹914, ★ Ahmedabad – ₹914, ★ Jaipur […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 26, 2024. The Sensex started trading today at 80415.47, up 305.62 points or 0.38%, and the Nifty was at 24343.30, up 121.40 points or 0.50%. Meanwhile, the Indian rupee was trading today at 84.24 against the dollar.
It seems that the rules regarding fixed deposits will change soon. As part of this, both houses of Parliament are expected to consider a bill to amend banking regulations, allowing fixed depositors to designate multiple nominees. This change will provide greater flexibility in nominating multiple beneficiaries, benefiting many middle-class families who primarily manage fixed deposits.
It seems that the rules regarding fixed deposits will change soon. As part of this, both houses of Parliament are expected to consider a bill to amend banking regulations, allowing fixed depositors to designate multiple nominees. This change will provide greater flexibility in nominating multiple beneficiaries, benefiting many middle-class families who primarily manage fixed deposits.
The total amount in inoperative Employees’ Provident Fund (EPF) accounts has surged over five times to Rs 8,505.23 crore in FY 2023-24, up from Rs 1,638.37 crore in 2018-19. The number of such accounts increased from 6.91 lakh to 21.55 lakh. The EPFO ensures that amounts in these accounts are returned to beneficiaries after claims […]
BSNL’s affordable plans are attracting users who are shifting from private telecom providers like Jio, Airtel, and Vodafone Idea due to their recent price hikes. The Rs 999 plan offers 200 days of unlimited calling, while the Rs 997 plan includes 2GB of daily data and 100 free SMS for 160 days. BSNL is also […]
In 2010, Bitcoin was worth just Rs 3.38 per coin, allowing an investment of Rs 1,000 to buy 295.85 BTC. By 2024, with Bitcoin priced at Rs 82.76 lakh per coin, this investment would now be worth Rs 2,447 crore. While the rewards are staggering, Bitcoin’s volatility and regulatory uncertainties highlight the risks involved in […]
The $265 million bribery charges against Gautam Adani in the U.S. highlight concerns regarding the extraterritorial application of American laws, as neither Adani nor the accused are U.S. residents. Attorney Ravi Batra emphasized that while U.S. laws typically do not extend beyond its borders, exceptions exist if conduct is tied to the U.S.
Post-pandemic, OTT platforms like Amazon Prime and Netflix are focusing more on Indian and regional films, but shifting towards pay-per-view deals rather than traditional purchases. While this reduces risk for the platforms, producers face potential losses if films underperform. Digital giants are selectively investing in big-star projects, leaving producers to navigate an increasingly cautious...
India’s benchmark indices soared on Monday, with the BSE Sensex gaining 1,961 points (2.54%) to reach 80,109.85, and the NSE Nifty50 climbing 314 points (1.32%) to 24,221.90. The rally was fueled by the BJP’s victory in Maharashtra and positive global cues. Most sectors closed higher, with the Nifty PSU Bank index leading gains. ONGC, BEL, […]
Adani Group has reported robust financial results for H1 FY25, with a 17% YoY increase in EBITDA to USD 10 billion and a 30% annual growth in funds from operations. The group’s asset base surged by USD 9 billion to USD 60 billion, while gross debt increased by only USD 2 billion. Liquidity remains strong, […]