Indian investors have lost over half a trillion dollars due to a market crash fueled by foreign fund outflows and concerns about US policies. Despite domestic investments, the Sensex and Nifty indices have dropped significantly, entering correction territory. While some local investors are buying during the dip, the broader market is experiencing a sharper...
Read MoreVodafone Idea reported a smaller loss of Rs 7,176 crore in the September quarter, thanks to tariff hikes that boosted revenue. Despite this, the company’s average revenue per user (ARPU) still trails behind rivals Jio and Airtel. Vodafone Idea continues to lose subscribers, ending the quarter with 20.5 crore users, significantly fewer than its...
Read MoreIL&FS has reevaluated its Mumbai headquarters, TIFC, increasing its value to Rs 1,700 crore, a 57% jump from the highest bid received in 2021. This move has sparked a legal battle with the winning bidder, Chronos Properties, who challenged the revised valuation in the National Company Law Tribunal.
Read MoreSwiggy’s stock soared 17% on its debut trading day, closing at Rs 456, despite a market downturn. This impressive start pushed the food delivery giant’s market capitalization beyond Rs 1 lakh crore. The successful IPO, which was oversubscribed by 3.6 times, saw significant investor interest, with a large portion of shares bought for long-term...
Read MoreKartik Aaryan recently took to social media to thank singer Sonu Nigam for adding magic to the climax of ‘Bhool Bhulaiyaa 3’. Kartik praised Sonu’s soulful singing, saying it was essential to the film’s emotional impact. Kartik shared a heartfelt post, including a photo of himself hugging Sonu, and expressed gratitude for the singer’s...
Read MoreThe Institute of Chartered Accountants of India (ICAI) is urging the government to reconsider recent amendments to auditing standards. The ICAI argues that directly adopting global standards isn’t suitable for India and suggests alternative solutions to address auditor responsibility concerns.
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