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…
Himanshu
Tez By Amazon India: A Quick Commerce Game ChangerÂ
The American multinational e-commerce giant Amazon is planning something that will trouble Blinkit, Zepto, and other quick commerce players. According to reports, the company is preparing to launch a quick commerce service, code-named Tez. Amazon is already working on this venture and might launch it in early 2025, Reuters reported. Blinkit, Zepto, and Swiggy Instamart…
Shipra Prajapati
ZEEL’s Punit Goenka Withdraws From MD Reappointment
ZEEL (Zee Entertainment Enterprises) CEO Punit Goenka withdrew his consent for re-appointment as MD; he stepped down as MD last week. ZEEL CEO shared in his letter, “I hereby tender my resignation from the office of MD of the company with immediate effect to entirely focus on my operational responsibilities. Accordingly, I withdraw my consent…
Abdullah Ansari
How Will The Oil Price Surge Impact The Indian Economy?
Russia and Ukraine’s missile exchange caused International crude oil prices to spike 2% on Thursday, November 21. The last time Brent crude prices rose from $1.04 (1.4%) to $73.85. The WTI (West Texas Intermediate) recovered $1.46 (2.1%) to $70.22. This week, WTI gained 4.8%, while Brent Crude went up 1.8%. Crude oil traded 1.49% higher…
ABHYUDAYA MITTAL
Supreme Court’s Important Ruling For Telecom Giants
On Wednesday, the Supreme Court ruled in favour of Bharti Airtel, Vodafone Idea, Tata Services, Indus Towers and other telecom operators in a 76-page judgement. Now, they can claim central value-added tax or Cenvat credits on central excise duties paid by them on towers and their parts, green shelters, printers, office chairs, etc. Justice BV…
NTPC IPO Updates: How Much Subscription On Day 1?Â
NTPC Green Energy launched its IPO (Initial Public Offering) yesterday, November 19 2024. This IPO secured an impressive 33% subscription on day 1, led by retail investors who booked 1.33 times the shares offered. The company also gained Rs 3,960 crore from its anchor investors. Non-institutional investors subscribed to 16% of the offered shares. NTPC…
SpaceX Launched ISRO’s GSAT-N2: All You Need To Know
Today, Elon Musk-led SpaceX successfully launched ISRO’s GSAT-N2. The launching occurred at the Canaveral Space Force Station in Florida with the Falcon 9 rocket at midnight, 12:01 a.m. This mission underscores the first collaboration between SpaceX and the Indian space agency ISRO. The GSAT-N2 will enhance broadband services and in-flight internet connectivity across India. Around…
JioHotstar Domain Dispute: The Reality Of Free Transfer
The Dubai-based siblings Jainam and Jivika are transferring the Jiohostar.com domain it to Reliance at no cost. They shared on the website, “Today, we write to you with mixed emotions. Our journey with jiohotstar.com is coming to an end, a journey that started with a simple act of kindness to help a young developer from…
SBI Seeks $1.25 Billion: India’s Largest Loan In 2024
According to sources, the State Bank of India plans to borrow up to $1.25 billion, making it India’s largest dollar-denominated bank loan in 2024. The reason behind raising this loan is for general corporate purposes. Another reason for this loan is SBI’s plan to syndicate the loan among other lenders to distribute the risk. SBI’s…
Oil Slumps More Than 4% After Iran Downplays Israeli Strikes
Oil prices fell by more than 4% after Iran downplayed the damage from Israeli strikes on its interests in the Middle East. The toned-down statement heightened volatility in global energy markets, which are already impacted by economic concerns, fluctuating demand, and geopolitical disputes. These factors, now widely known to investors, traders, and energy analysts, provide…
John David