Info Edge Files Fir Against 4B Networks’ Rahul Yadav
The parent company of job portal Naukri.com, Info Edge, filed an FIR (first information report) against 4B Network founder Rahul Yadav and others, claiming fraudulent misuse of funds. In addition to Rahul Yadav, Pratik Choudhary, Devansh Singh, Sanjay Saini, and some other unnamed people are alleged in this FIR. 4B Network is a portfolio company…
Yash Sharma
TRAI’s Traceability Guidelines Coming Soon To Effect
The TRAI (Telecom Regulatory Authority of India) traceability guidelines will be effective on December 1, 2024. With the number of mobile users in India rapidly growing, more people are becoming prone to cyber criminals. These guidelines are a huge move for the organisation to reduce online fraud and build a robust and safe ecosystem. Earlier,…
ABHYUDAYA MITTAL
Foxconn To Set Up A Massive Battery Plant In Tamil Nadu
India’s largest contract manufacturer company, Foxconn, is planning to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu. The Tamil Nadu government has offered 200 acres of land to the company for this massive project. The discussion for this project is in the final stage. Also, an official revealed that Tamil Nadu…
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…
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…
