4 Of Top 10 Firms’ Mcap Dropped By Rs 96,606 Crore
Among India’s top 10 most valued firms, the Mcap of 4 firms, namely Tata Consultancy Services, HDFC Bank, ICICI Bank, and SBI declined by Rs 96,605.66. Among these companies, HDFC witnessed the sharpest loss, with its valuation dropping by Rs 37,025.46 to Rs 13,37,919.84 crore. The value of ICICI dropped by Rs 29,324.55 crore, and…
SEBI Rejects ZEE’s Punit Goenka’s Settlement Offer
The market regulator SEBI (Security and Exchange Board of India) rejected the settlement application of Zee Entertainment Enterprises CEO Punit Goenka. It released an adjudication order on Thursday, Jan 2, 2025, stating that a new SCN (Show-Cause Notice) will be issued. The regulator previously issued an SCN on July 6, 2022, to entities following allegations…
Brilliance at 10: The Story of a 162-IQ Wonder
At just 10 years old, Krish Arora, an Indian-British boy from Hounslow, has achieved what many could only dream of: a remarkable IQ score of 162. This feat, which surpasses the IQ of some of history’s most brilliant minds, including Albert Einstein and Stephen Hawking, has brought global attention to the young prodigy and his…
Manmohan Singh Dies At 92: Government Declares Mourning
Manmohan Singh, India’s former Prime Minister and one of the finest economists, passed away Thursday night at AIIMS Delhi at 92. He joined the Indian government as an economic advisor in 1971 in the commerce ministry. Born in 1932 in Punjab, Manmohan Singh served India as prime minister between 2004 and 2014. Manmohan Singh retired…
Indian Telecom Industry Faces A 33 Lakh Subscriber Dip
The TRAI (Telecom Regulatory Authority of India) recently released its subscription data for October 2024. This data shows a decline of 33 lakh active subscribers across the country. Including wireless and wireline, telephone subscriber count stood at 1,188.20 million until October 31, 2024, reflecting a 0.21% monthly decline rate. In addition, India’s broadband sector witnessed…
Should We Cheer Or Fear?
RBI’s Bold Fintech Move Stirs Controversy Recently, the Reserve Bank of India rolled out a new Fintech repository on Tuesday. According to the regulator, this will serve as a compendium for gathering all the essential information (GST, Incorporation certificate, and more) about fintech startups. Moreover, it will help deepen the sector’s understanding and refine the…
Wipro’s Bold Acquisition Of Applied Value Technologies
Azim Premji-owned Wipro announced on Monday, 16 December, that it will acquire 100% shareholdings of the IT consulting firm Applied Value Technologies (AVT). This will be a $40 million deal, underscoring another major acquisition this year. The IT major Wipro has been on an acquisition spree in 2024. Wipro acquired a 27% stake in SDVerse,…
Women and Taxes Viewing Tax Codes From The Lens Of A Women
Tax codes, by design, should strive for fairness, efficiency, and adaptability to societal shifts. However, historically, tax policies have often reinforced gender roles, reflecting societal norms that assumed a traditional, single-income household structure. While these codes may appear gender-neutral, their effects have perpetuated gender disparities, especially in dual-income households and among those balancing paid and…
Sanjay Malhotra Is The New Face Of RBI Leadership
The centre cabinet committee notified on Monday that Sanjay Malhotra had been appointed as the new governor of the RBI (Reserve Bank of India). Before this, he worked as a revenue secretary for the Ministry of Finance; Mr Malhotra will become the 26th governor of the RBI. Sanjay Malhotra, a 1990-batch Rajasthan cadre IAS Officer,…
Historic Kotak Mahindra Deal With Standard Chartered
The CCI (Competition Commission of India) approved Kotak Mahindra’s deal with Standard Chartered to secure its personal loan book worth Rs 4,100 Crore on November 26. According to this proposal, Kotak Mahindra’s India branch will acquire Standard Chartered’s personal loans portfolio. Kotak Mahindra is registered with the RBI (Reserve Bank of India) as a banking…
