As we approach the highly anticipated launch of the iPhone 16, tech enthusiasts are eager to compare it with the Google Pixel 9. Both smartphones represent the pinnacle of AI advancements, emphasizing their software capabilities alongside their hardware specs. With iOS 18 introducing Apple Intelligence to the iPhone 16, it sets the stage for a ...
The highly anticipated iPhone 16 series is set to hit the shelves soon, creating a buzz among Apple enthusiasts. With consumers weighing their options between the standard iPhone 16 and the premium iPhone 16 Pro, it’s essential to understand the unique features of each model. While the Pro variant is often touted for its advanced ...
The crypto landscape has faced another significant threat with the recent hacking incident involving WazirX, India’s largest cryptocurrency exchange. Reports have surfaced detailing a staggering theft of $234 million in Ethereum, raising alarms within the crypto community. In an unsettling turn of events, WazirX has now acknowledged its inability to recover these funds, revealing that ...
SpiceJet’s Stake Sale: A Strategic Move for Financial Recovery SpiceJet, facing a turbulent financial landscape, is exploring a significant stake sale by its promoter and chairman, Ajay Singh. The airline aims to sell more than 10% of its equity to generate crucial funds, potentially completing this funding round by the end of September. Recent developments ...
SpiceJet’s Strategic Move: Raising Rs 3,000 Crore Through QIP SpiceJet, one of India’s leading low-cost airlines, is making significant strides in its financial strategy by initiating investor roadshows across key cities including Mumbai, Singapore, and Hong Kong. The airline aims to generate substantial investor interest in its upcoming qualified institutional placements (QIPs), with a target ...
Reliance Industries Secures 10GWh Battery Storage Capacity under PLI Scheme In a significant step towards bolstering India’s advancements in battery manufacturing, Reliance Industries has been awarded a substantial 10GWh of advanced chemistry cell (ACC) battery storage capacity. This award comes from the Ministry of Heavy Industries, Government of India, as part of the highly-competitive Production-Linked ...
Swiggy’s Financial Performance in FY 2023-24 Food delivery giant Swiggy has reported a significant growth in its financial performance for the fiscal year 2023-24. The company recorded a remarkable 36% increase in revenue, reaching Rs 11,247 crore, compared to Rs 8,265 crore in the previous fiscal year. More impressively, Swiggy’s losses have notably reduced by ...
Expansion Plans of Shriram Finance: A Major Fundraising Initiative Shriram Finance, a prominent Non-Banking Financial Company (NBFC), has announced ambitious plans to raise a significant amount of one billion dollars (approximately ₹8,300 crore) from international sources within the next six months. This strategic move aims to bolster the company’s business expansion initiatives, catering to the ...
BigBasket Merges BBdaily into Main App to Enhance Quick Commerce In a strategic move to consolidate its offerings and strengthen its position in India’s rapidly evolving quick commerce landscape, BigBasket, a subsidiary of the Tata Group, has announced that its subscription service BBdaily will be fully integrated into the main BigBasket app within the next ...
Upcoming GST Council Meeting to Address Section 11A The GST Council is set to convene in Delhi on September 9 to discuss significant legislative changes, particularly the implementation of Section 11A of the CGST Act, 2017. This section aims to provide substantial relief regarding retrospective tax demands, which has been a pressing issue for many ...
Swiggy Faces Embezzlement Scandal Amid IPO Plans Swiggy, a leading online food delivery service in India, has recently revealed a significant embezzlement case involving one of its former junior employees. According to the company’s annual report for the financial year 2024, the employee is accused of committing fraud totaling approximately Rs 33 crore over several ...
Supreme Court Issues Notice to Chanda Kochhar and Deepak Kochhar The ongoing legal saga involving Chanda Kochhar, the former Managing Director and CEO of ICICI Bank, and her husband, Deepak Kochhar, has taken a new turn. The Supreme Court of India has issued a notice to the Kochhar couple following a petition by the Central ...
The Allegations Against SEBI Chairperson Madhabi Buch The political landscape in India was shaken recently when the Congress party raised new conflict of interest allegations against Madhabi Buch, the chairperson of the Securities and Exchange Board of India (SEBI). On September 6, Congress leader Pawan Khera accused Buch of receiving rental income from a firm ...
Direct Flights from Uzbekistan to Goa: A New Gateway for Tourism In an exciting development for travel enthusiasts, Uzbekistan Airways has announced the launch of a direct flight route connecting Tashkent to the beautiful coastal paradise of Goa. Set to commence on October 27, 2024, this weekly service will operate two days a week, significantly ...
Byju’s Faces Auditor Resignation Amidst Financial Crisis The Edtech giant Byju’s is currently grappling with a significant crisis as its auditor, BDO (specifically MSKA & Associates), has resigned from its role. BDO was initially appointed to audit Byju’s and Aakash Educational Services for five years, starting June 2023. This resignation follows the previous departure of ...
Payment Companies Face GST Demand Notices Over Transaction Fees In recent developments, several prominent payment companies, including BillDesk and CCAvenue, have received Goods and Services Tax (GST) demand notices from authorities. These notices pertain to the fees charged by these companies from merchants for digital transactions that are less than Rs 2,000. As reported by ...
A Joyous Arrival in Bollywood: Deepika Padukone and Ranveer Singh Welcome Their Baby Girl On the auspicious occasion of the Ganpati festival, Bollywood’s beloved power couple, Deepika Padukone and Ranveer Singh, has welcomed a new member into their family. Reports indicate that Deepika gave birth to a baby girl on September 8. Although there hasn’t ...
Jammu and Kashmir Elections 2024: BJP Reveals Sixth List of Candidates The Bharatiya Janata Party (BJP) has announced its sixth list of candidates for the upcoming Jammu and Kashmir elections, which are set to take place in three phases on September 18, September 25, and October 1, 2024. The results of the elections will be ...
A bizarre corruption case has emerged from Jaunpur, Uttar Pradesh, that has captured public attention. A private employee working at the Shahganj tehsil has written an eye-catching letter to the district officer, demanding a larger share of the bribe money collected in the office. This unexpected revelation has sparked widespread discussions on social media, causing ...
Adani Group Expands Global Presence with New Subsidiaries The Adani Group, a multi-faceted conglomerate based in India, is intensifying its global operations by establishing a new subsidiary in China, named Adani Energy Resources (Shanghai) Company (AERCL). This strategic move, announced on September 8, 2024, comes as a significant step in the group’s ongoing efforts to ...
