Paytm shares tank 10% in morning trade on Softbank stake sale
Paytm’s parent company, One97 communications collapsed by about 10% to Rs541 apiece on the BSE in morning trade. Following reports said that Japan’s SoftBank Group Corp has offered to sell a 4.5 percent stake in the company that was traded in a single block on the NSE. This trade pulled down the shares of Paytm […]
Government set to bring back the issuing permit for commercial EVs at zero fee
Our government is all set for bringing back the policy for issuing permits for commercial electric vehicles (EVs) at zero fees. The center has discarded the practice over the last two years to push the penetration of electric cars. Permit for EVs Over the 2 years after the Centre did away with the allow gadget for commercial electric-powered cars (EVs) in its bid […]
Facebook parent Meta Inc to begin massive layoffs, confirms CEO Mark Zuckerberg
According to the reports, Facebook’s parent meta is planning to begin widespread layoffs from the company. This huge step is meta’s plan to reduce costs after posting disappointing revenues and a drop in revenue in the third quarter. These cuts expects to affect about 10% of the company’s total workforce which is to be 87,000 […]
LIC Housing Finance Net Profit Rises 23% in Second Quarter
The second biggest pure-play mortgage lender LIC Housing Finance Net Profit Rises 23% in the Second Quarter at Rs 305 crore for the three months period ending September. LIC Housing, slumped sharply lower on Wednesday, clocking its worst fall in more than two years. Market participants seem to be disappointed with the 23% on-year growth […]
Gautam Adani’s group to invest $150 billion in businesses having $1 trillion valuation
Richest Asian Gautam Adani’s group to invest $150 billion across businesses ranging from green energy to data centers to airports and healthcare as it chases the dream to join the elite global club of companies with $1 trillion valuations. In recent times, Adani group’s Chief Financial Officer Jugeshinder ‘Robbie’ Singh disclosed the detailed growth plans […]
Elon Musk takes over Twitter Inc, fires CEO Parag Agrawal and other top executives
Elon Musk takes over the role of Chief Executive Officer (CEO) at Twitter Inc. after completing his $44 billion acquisition, and his first move was to fire the social media company’s top leader and Former Chief Executive Officer Parag Agrawal whom he accused of misleading him over the number of spam accounts on the platform. […]
Dabur stock price climbs by 3% after Badshah Masala stake buy
Shares of India-based consumer goods company Dabur India price rises by 3% to Rs 548.41 on Thursday’s intraday trade, after the company, announced the acquisition of a 51% stake in Badshah Masala Private Limited and also announced an acquisition to expand its food business. Dabur India told that “The company is signing a definitive transaction agreement […]
