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Life Insurance Corporation(LIC) of India, on February 13, filed its IPO draft prospectus with SEBI. The Government is planning to launch LIC IPO next month as a part of its mega disinvestment plan. This will be India’s largest-ever public listing. As per the market sources with the value of Rs 12.6 billion- Rs 15 billion, […]
Gujarat recorded 998 cases and 16 deaths in the last 24 hours. The death rate is on the decline after months of recording anything between 20-30 deaths. The spike in cases began in Gujarat in mid-November last year as the Omicron variant made an entry into the country after being first detected in South Africa […]
Indian Market indices on Tuesday ended in green after two days of losing streak. Day after seeing the single-day fall in the last ten months, BSE Sensex saw the biggest single-day rise in one year on Tuesday. The biggest single-day rally was led by Autos, Banks, IT, and FMCG in one day. The automobile sector […]
Air Marshal Vikram Singh, Air Officer Commanding-in-Chief, South Western Air Command paid a visit to the frontline Air Base at Bhuj on February 13 and 14,2022. The Air Marshal was received at the Airbase by Air Commodore Maluk Singh, Air Officer Commanding, Air Force Station Bhuj. The Air Marshal was presented with a ceremonial Guard […]
Indian Market Indices on Monday ended in the red as Sensex ended the day at 56,406.84, down around 1747 points and Nifty 50 ended the day at 16,842, down around 531 points. In addition, all sectoral indices ended the day in the red. Nifty Metal and Nifty realty indices were top losers as both of […]
Union finance minister Nirmala Sitharaman said there was complete harmony with which her department was working with Reserve Bank of India on all issues, including cryptocurrencies. She said there is a respect towards each other’s domain and priorities keeping the country’s interests in mind. “Not just on crypto, but on every other thing as well. […]
On Valentine’s Day people’s favorite color is red but when it comes to Indian indices people like to see it green always. But, on Monday Indian indices Sensex and Nifty started the day with a massive Slump as Sensex and Nifty were down around 2.20 percent as all sectoral indices were seen in red. According […]
Mukesh Ambani led Jio and World’s fourth-largest semiconductor company MediaTek’s long term partnership is bearing fruits as they have successfully completed an esports tournament featuring the immensely popular game- Battlegrounds Mobile India (BGMI). The gaming tournament had a prize money of Rs.12.5 lakh. The gaming tournament which started on October 30, 2021 received overwhelming response […]
Billionaire Gautam Adani’s Adani Green Energy Ltd (AGEL) becomes first Indian Company to achieve GRI South Asia Charter member status. AGEL is the world’s largest solar power developer and the renewable energy company of the Adani Group. Important to note here is that AGEL had initiated this in response to a call from GRI (Global […]
Gujarat recorded 3,897 coronavirus cases today – a drop from yesterday’s tally of 813 – and 19 deaths in the last 24 hours. With 19 Covid-19 fatalities, the cumulative number of deaths climbed to 10,667 in Gujarat, the state health department said in a release. Six people who succumbed to the infection were from Ahmedabad. […]
Imagine Marketing’s Audio and wearable brand boAt has filed DRHP(draft red herring prospectus) for a Rs.2000 crore IPO (Initial Public Offering) with SEBI. The documents show a fresh issue of shares worth Rs 900 crore and an offer for sale of shares worth up to Rs 1,100 crore. South Lake Investment will sell shares worth Rs.1,100 […]
The bitcoin price on Saturday rose by 9 percent and has reached its highest in two weeks. The price has reached $ 41,473.81 with a 46 percent rise in volume of the most popular cryptocurrency standing at $30,509,869,557 USD. On Friday, bitcoin saw an 11 percent jump in its price. In one week it has […]
With a single earnings report and a disastous conference call, Mark Zuckerberg wiped out $240 billion in value from his company. Meta’s was the largest one-day loss by a U.S. company ever, and the ripple effects devastated Silicon Valley. Tech losers reeling from the Meta Platforms (formerly Facebook) reckoning included Spotify (16 per cent lower) […]
Sensex on Thursday sheds around 1.29 percent and ends the day at 58,788.02, down around 770.31 points. Nifty on the other hand ends below 17,600 points. Volatility in the market was visible over the Ukraine crisis and a fall in US stocks futures which was seen after Facebook parent company Meta shares were down around […]
The Mukesh Ambani-led Reliance Industries Limited (RIL) partnered with Assets Care and Reconstruction Enterprise (ACRE) is all set to acquire the debt-ridden Sintex. They have submitted a revised resolution plan to the National Company Law Tribunal (NCLT), Ahmedabad, of Rs 2,700 crore to Rs 2,800 crore to acquire Sintex Industries Ltd. The Reliance Industries Limited […]
Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget. Out of all her announcements, what caught the eye of the youth was the announcement to set up the task force for the Animation, Visual effects, Gaming and Comic (AVGC) sector. Sector With Huge Potential: AVGC task force will be set up by the Government […]
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced the financial results for the quarter and nine months ended December 31, 2021. The company’s year-on-year cash profit rose 47 percent. The operational capacity of the company increased by 83 percent. Results posted by the company showed that sales […]
To further the national goal of aatmanirbharta, young dreams need wings to soar. In this precise bid, comes a new centre by Gujarat University, to help innovation and start-up ideas by college students. The Gujarat University Start-Up and Entrepreneurship Council (GUSEC) will help business ventures with technical expertise, channels to tap for financial assistance and […]
Chances are, you or a family member of yours holds a LIC policy. At 40 crore insurance policyholders, LIC covers almost 30% of the Indian population, and in that capacity manages to play a unique socio-economic role that is unmatched by any other institution not just within India but globally as well. Consider, for instance, […]
Indian billionaire Mukesh Ambani ’s Reliance New Energy Solar Ltd(a wholly-owned subsidiary of Reliance Industries Ltd) recently bought United Kingdom’s Sodium battery maker Faradion for $136 million. “Mukesh Ambani ‘s Reliance will use Faradion’s state-of-the-art technology at its proposed fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project […]
