Zomato Negotiates Purchase of Paytm’s Entertainment Unit
Zomato and Paytm are in the midst of negotiations to acquire Paytm’s entertainment division. The size of the deal is yet to be confirmed, but it is estimated to be around Rs. 1,500 crores to Rs. 2,000 crores. This strategic move could significantly bolster Zomato’s presence in the tech and entertainment industry, providing a new…
ABHYUDAYA MITTAL
Tata Punch Shines with 5-Star BNCAP Crash Test Rating
Tata Motors, India’s top car manufacturer, has earned a 5-star rating for its Punch.ev electric vehicle (EV) in the Bharat NCAP crash test results. This significant achievement not only makes Tata Motors the first company to be certified under the Indian New Car Assessment Program, known as BNCAP, but also underscores the safety benefits of…
Vipin Kumar
Apple Ascends To Number One, Leaving Microsoft Behind
Apple reclaims its position as the most valued company in the world, surpassing Microsoft. The company lost its top position after its competitors, Microsoft and Google-owner Alphabet, entered the growing field of Artificial Intelligence. As per Barron’s, “Apple, which had taken its time to formulate its AI strategy, lost its long-held top spot in January…
World Bank Highlights India’s Economic Momentum for 2024
World Bank, in its recent report, has highlighted India’s resilience as the fastest-growing economy in the world. The forecast for FY25 has been revised from 6.4% to 6.6%, and the estimated growth rate for FY26 has been increased by 20 basis points to 6.7%. This revision, influenced by the recently declared election results, underscores the…
Shipra Prajapati
Axicades To Deliver Drone Systems To The Indian Army
Axicades, a prominent player in the C-UAV sector, is all set to supply the Indian Army with a cutting-edge drone system. This significant deal, valued at Rs. 100 crores, will equip the Indian Army with MPCDS ((Man Portable Counter Drone Systems) drone technology for the first time, potentially enhancing their operational capabilities. Axicades developed the…
Himanshu
PM Modi Cabinet 3.0: Complete List Of MinistersÂ
Narendra Modi has become the Prime Minister of India for the third consecutive time, following in the footsteps of former Prime Minister Jawaharlal Nehru. Along with 72 other ministers, he took the oath of office at the Rashtrapati Bhavan on Sunday evening. This time, the NDA Council of Ministers features a mix of senior BJP…
Chandan Kumar
Wipro Seals A Big $500 Million Deal With US Firm
The Indian multinational corporation Wipro recently secured a monumental $500 million five-year contract with a US communication service provider. This is a significant milestone for Wipro, marking the first major deal under its new CEO (Chief Executive Officer), Srini Pallia. Under this contract, Wipro will provide the US firm with maintenance services for selected goods…
Bhumika
Nvidia Surpassed Apple In The Share Market
According to recent reports by Bloomberg, Nvidia became the first computer chip firm to reach a $3 trillion market capitalisation on Wednesday, 5 June 2024. With this, the company surpassed Apple Inc., becoming the world’s second-most valuable company. Nvidia’s stock soared at 5.2% and settled at $1,224.40, pushing the company value to $3.012 trillion. Apple’s…
Rupee Falls Most In Over A Year Amid Election Outcome
The Indian rupee fell on Tuesday, 4 June 2024, after vote counting showed that the Bharatiya Janata Party-led alliance would win a narrower majority than expected. It depreciated 26 paise and came down to 83.40 against the dollar. The Indian currency settled at 83.14 against the dollar on Monday, 3 June 2024. This depreciation greatly…
Adani Group Stock Takes A Nosedive On The Election Result Day
Adani Group stocks dropped up to 18% on the election result day, 4 June 2024. After substantial gains in the last few trading sessions, it’s a big shock for the group. This drop appears to be caused by the unwinding of speculative positions, as investors aim to either take profit or reduce exposure. The Adani…
