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Russia Declares War: Its Impact On Indian Market

Russia Declares War: Its Impact On Indian Market

On Thursday, Indian markets plummeted as Russian President Vladimir Putin ordered military action in Ukraine. Massive explosions were heard in the Ukrainian city of Kyiv shortly after the declaration. Sanctions were imposed on Russia by the US, and other western nations had little effect on Putin’s decision to declare war. The Russia-Ukraine confrontation has been…

Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022

Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022

Hausra, a Bengaluru and US-based open-source engine, has raised $100 million in fresh funding led by Greeoaks capital. In the funding round, the existing investor Nexus Venture Partners, Lightspeed Partners and Vertex Ventures also participated.   With this latest fundraise, Hasura becomes the tenth startup India’s unicorn of this year. It joins like the edtech firm…

Vipula Gaunatilleka Appointed As New CFO of Jet Airways

Vipula Gaunatilleka Appointed As New CFO of Jet Airways

Jet Airways has begun the hiring process as the Airline plans to take off in early 2022, after being grounded for almost three years.   Jalan Kalrock consortium, promotors of Jet Airways, on Tuesday announced the appointment of Vipula Gunatilleka as the Chief Financial Officer (CFO) of the airlines. Vipula is the former CEO of SriLankan…

India And France Signed Roadmap To Boost Bilateral Exchange

India And France Signed Roadmap To Boost Bilateral Exchange

An agreement is signed between India and France during the three-day visit of India’s External Affairs Minister regarding the bilateral exchanges. As per the reports, Subrahmanyam Jaishankar and Jean-Yves Le Drian have inked the roadmap, which already came into existence on February 20.  Both countries are looking forward to better business relationships. With this decision,…

Telecom Industry is Likely to See Jump in Revenue Growth in Q4FY22

Telecom Industry is Likely to See Jump in Revenue Growth in Q4FY22

According to the analysts, the telecom sector is expected to grow more than double to nearly 10% sequentially in the Q4FY22 when the full beneficial impact of sharp tariff hikes of last November hits home.  The revenue of the telecom industry grew at 4.5% and 4.2% sequentially in the second and third quarters of FY22. …

The Rise and Fall of Chitra Ramkrishna, NSE Chief

The Rise and Fall of Chitra Ramkrishna, NSE Chief

Chitra Ramkrishna, a Chartered Accountant by training, was associated with NSE in a leadership position since its inception in 1991. She was also the Managing Director and CEO of the NSE from April 2013 to December 2016. These days Ramkrishna is trending for rise and fall in her career. Look at every detail here.   Chitra…

ABG Shipyard Insolvent: India’s Biggest Bank Fraud Unravels

ABG Shipyard Insolvent: India’s Biggest Bank Fraud Unravels

A single event unfolds the most horrifying fraud in the history of Indian banks. ABG shipyard was accused of serious debt of Rs 22,842 crore from 28 banks between the course of 2012 and 2017. The news came into the limelight recently unravelling the biggest scam with Indian banks. Big faces like SBI, ICICI and…

Ilker Ayci Appointed As New MD & CEO Of Air India By Tata Group

Ilker Ayci Appointed As New MD & CEO Of Air India By Tata Group

A recent tweet by air India announced the appointment of Ilker Ayci as a new managing director and CEO of Air India. Last month the TATA Group took over the airline from the government.  The TATA group was looking for an experienced person, due to which they interviewed many potential candidates including some American and…

Vedanta, With Foxconn, iPhone Maker, To Produce Chips In India

Vedanta, With Foxconn, iPhone Maker, To Produce Chips In India

Foxconn, an iPhone assembler company, stated on Monday that it has partnered with Indian conglomerate Vedanta Ltd to produce chips or semiconductors in the South Asian country. With this, the electronic giant is looking to diversify its business amid the global chip shortage.   Vedanta is one of the world’s leading diversified natural resources companies, mainly…

LIC IPO: Key Things To Know About The Highest IPO In India

LIC IPO: Key Things To Know About The Highest IPO In India

LIC, Life Corporation of India, the country’s largest and most reliable issuance company, is to shake the stock market with the highest IPO, Initial Public Offering, to raise up to 65,000 crores, making it the biggest listed financial service provider after HDFC bank.  The government plans to sell 5% of its stake in the IPO,…