New Delhi, June 25: Today marks a significant milestone in India’s digital evolution as the much-anticipated 5G spectrum auction commenced. This auction, the 10th since the inception of online bidding for radiowaves in 2010, is pivotal for accelerating the rollout of 5G services, enhancing connectivity, and bridging the digital divide across India. Major telecom giants,…
June 25, Bengaluru: Ather Energy, a renowned manufacturer of electric vehicles (EVs), has effectively transitioned from a private entity to a public limited company, marking a significant milestone in its expansion. Ather’s most recent annual general meeting approved this strategic decision, which is a significant milestone in the company’s development. In parallel with this transition,…
Mumbai, June 25: In a landmark moment for the Indian stock markets, the 30-share BSE Sensex surpassed the 78,000 mark for the first time, closing at 78,053.52, marking an impressive gain of 712.44 points or 0.92 percent. Simultaneously, the NSE Nifty hit a record high, closing at 23,722.70, up by 184.85 points or 0.79 percent….
Mumbai, June 25: ICICI Bank has attained a significant milestone by surpassing the $100 billion market capitalization threshold, becoming the sixth Indian company to do so. The market value of the bank’s stock increased by over 2 percent in intraday trading, resulting in a market value of approximately ₹8.4 lakh crore. This accomplishment has enabled…
Mumbai, June 25: Gautam Adani’s primary company, Adani Enterprises, wants to go public with airport operations in 2027-28. As per CNBC-TV18, this is a scheme to unleash riches and enhance growth. For FY25, the company needs $2 billion to $3 billion in equity. A Strategic Growth Move Since its 1994 IPO, Adani Enterprises has created…
According to a recent report by global trading company CLSA, food delivery behemoth Zomato is riding high. Zomato is expected to surpass Swiggy in crucial growth areas, according to analysts. In light of this optimistic forecast, CLSA has set a price objective of Rs 248 for Zomato shares, which could result in a gain of…
Zepto, a Mumbai-based e-commerce business, plans to earn $700 million in its latest financing round. With this money, the company may open 700 more dark stores in India by March 2025. Compared to the last round, this impressive valuation is 2.6 times higher. Aadit Palicha and Kaivalya Vohra, who had previously attended Stanford University, left…
Gautam Adani addressed shareholders during the Adani Group’s Annual General Meeting (AGM) in 2024, vehemently denouncing the Hindenburg Research report that charged the conglomerate with financial malpractices. He said that the study was an intentional attempt to damage the group’s reputation and reduce its market value. Adani stressed that the U.S. short seller’s charges were…
Speculation has it that Apple and Meta are in discussions to include Meta’s generative AI model into Apple Intelligence. By taking this strategic step, Apple aims to enhance its AI capabilities and expand people’s choices. This new artificial intelligence technology was supposedly introduced by Apple at WWDC 2024 for use in iPhones and other products,…
Popular Indian two-wheeler maker Hero MotoCorp has announced that some models’ ex-showroom prices would go up from July 1, 2024. A filing with the Bombay Stock Exchange (BSE) states that the price increase might go as high as ₹1,500, albeit it would differ depending on the model and market. In order to somewhat offset increased…
