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Swiggy’s IPO was oversubscribed on its final day, with a subscription rate of 3.59 times by 5:30 p.m. on Friday. Qualified institutional buyers led with a 4.49 times subscription. The IPO, valued at Rs 11,327.4 crore, includes 11.5 crore new shares. The price band is Rs 371-390 per share. Despite ongoing losses, Swiggy’s revenue grew […]
In a big shock to HDFC Bank loan borrowers, the Marginal Cost of Funds-Based Lending Rate (MCLR) on select loans has increased by 5 basis points. As a result, interest rates on personal and vehicle loans will rise, and it will increase to around 9.45%. The interest on one-day loans has climbed to 9.10-9.15%, while […]
Amazon Prime Video has launched an innovative feature called X-Ray Recaps, utilizing AI to provide viewers with concise, spoiler-free summaries of shows and movies. This tool helps users catch up on plot points whether they missed an episode or are revisiting a series. Currently in beta for Fire TV users in the U.S., X-Ray Recaps […]
Shiv Nadar, founder of HCL Technologies, has topped the EdelGive-Hurun India Philanthropy List for FY24, donating ₹2,153 crore, a 5% increase from last year. Mukesh Ambani follows in second place with ₹407 crore, while the Bajaj family ranks third with ₹352 crore. Overall, 203 individuals contributed ₹8,783 crore, highlighting a growing trend in philanthropy among […]
Stock markets ended in the red for the second consecutive session on Friday. Sensex shed 55.47 points or 0.07% to settle at 79,486.32, while the Nifty declined 51.15 points or 0.21% to 24,148.20. Broader markets also settled in the red, with Midcap and Smallcap falling 1.33% and 1.70%, respectively.
Hombale Films recently shared exciting news for Prabhas fans, announcing that they will produce three major films with the actor. Hombale Films expressed that it is a pleasure to work with Prabhas to elevate the fame of Indian cinema worldwide. They stated, “We aim to create a cinematic experience that will be remembered forever. The […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 8, 2024. The Sensex started trading today at 79715.16, up 173.37 points or 0.22%, and the Nifty was at 24177.85, down 21.50 points or 0.09%. Meanwhile, the Indian rupee was trading today at 84.36 against the dollar.
During a visit to Bengaluru’s Raghavendra Swamy Mutt, Sudha Murthy had a heartwarming “Indian mom” moment when she handed money to Rishi Sunak and his wife Akshata for temple offerings. The viral video captured the touching gesture, with social media users celebrating her embrace of traditional values. Sunak, proud of his Hindu faith, has often […]
The Income-Tax Department conducted raids on Truecaller’s India offices in Bengaluru, Mumbai, and Gurugram, investigating potential tax evasion linked to transfer pricing issues. The Swedish-based company confirmed its cooperation with officials, emphasizing its commitment to transparency and proper tax practices. Truecaller stated that it has always paid taxes due in India.
Global solar capacity has reached a record 2 terawatts (TW), with more capacity added in the last two years than in the previous 68 combined, according to exclusive data shared with Reuters. This milestone, enough to power approximately 92 million U.S. households, includes rooftop installations often excluded from official government data, offering a fuller picture […]
BSNL is set to disrupt the market by launching its 5G services in Delhi, following a surge in customers due to tariff hikes by Jio, Airtel, and Vi. The state-owned operator has invited tenders for 5G network rollout using indigenous technology. The rollout will serve 100,000 subscribers, offering 5G mobile and fixed wireless access, and […]
The Supreme Court has ordered the liquidation of Jet Airways, citing “extraordinary” circumstances and the failure of the Jalan-Kalrock Consortium to fully pay creditors. Despite the National Company Law Tribunal’s earlier approval of a resolution plan, the court found the consortium’s non-payment of ₹350 crore as a key issue. Liquidation, the court ruled, would best [&h...
The Competition Commission of India (CCI) retracted its investigation report on Flipkart’s alleged competition law violations after Xiaomi raised concerns over the inclusion of confidential sales data. The report, which accused Flipkart of anti-competitive practices, was recalled to prevent further circulation. This is the second such retraction this year, following a similar action regar...
Elon Musk’s net worth surged to nearly $300 billion following a significant rise in Tesla shares after Donald Trump’s US election victory. Musk, a vocal Trump supporter, saw a 14% jump in Tesla’s stock. Trump’s win could benefit Tesla with potential market share gains. Musk’s backing of Trump sparked speculation about him joining the administration, […]
To check your EPF balance without a UAN number, give a missed call to 9966044425 from your registered mobile. You’ll receive an SMS with your last contribution and balance details. Ensure your mobile is linked to UAN and at least one KYC detail (Aadhaar, PAN, or bank). Alternatively, you can use SMS, the EPFO portal, […]