BUSINESS
Ola Shifts Strategy: Exiting Global Markets to Concentrate on Indian Expansion
Highlighting its commitment to the Indian market, Ola emphasized the significant potential for expansion within the country's evolving mobility landscape.
Patanjali's Apology to Supreme Court: Baba Ramdev and Acharya Balkrishna Address Misleading Advertisements
In their affidavits submitted to the highest judicial body, the pair expressed their unwavering commitment to uphold the sanctity of law and justice. They pledged to refrain from making any public statements that could contravene the assurances previously provided to the Supreme Court in November of the preceding year.
India's Appeal as an Alternative Manufacturing Hub Draws Strong Investments from Multinationals: Says UN
The report, unveiled recently, emphasizes India's attractiveness for investment, particularly in comparison to many other countries in the South Asian region. While it acknowledges India's role as an alternative manufacturing base, it refrains from explicitly mentioning China, although geopolitical factors have undoubtedly influenced this development.
Harsh Neotia Summoned for Questioning at ED's Kolkata Office: Keeps Mum on Reasons
Upon his arrival at the central agency's office, Harsh Neotia acknowledged being summoned for interrogation by the ED but refrained from disclosing the specific reasons behind the summon.
Government Bonds Valued at Rs 30,000 Crore Set for April 12
The bond offerings encompass a diverse range, catering to various investment preferences. Among them are the 7.32 per cent Government Security 2030, with a notified amount of Rs 11,000 crore, slated for a price-based auction utilizing the price method. Additionally, the New Government Security 2039, valued at Rs 10,000 crore, will undergo a yield-based auction employing the multiple price method. Lastly, the 7.30 per cent Government Security 2053, with an amount of Rs 9,000 crore, will be available through a price-based auction utilizing the multiple price method.
Elon Musk Raises Concerns Over X Employees' Safety Amid Brazilian Legal Dispute
In a post on X, Musk disclosed that the employees had been informed of potential arrest threats. However, specific details regarding the accounts ordered to be blocked by Supreme Court judge Alexandre de Moraes, which sparked the confrontation, remained undisclosed by both Musk and the Brazilian government.
VilCart Hits Milestone: Surpasses Rs 100 Crore Revenue in March
The journey towards achieving this Rs 100-crore revenue mark has been adorned with significant achievements, highlighted by strategic partnerships with farmers, farmer producer organizations, key suppliers, manufacturers, and renowned brands, as per the company's official statement.
Record-Breaking Surge: Sensex Hits Historic 75,000-Mark, Nifty Peaks to New Heights
The surge in the IT sector stocks notably fueled the market's ascent in the initial trading session. Among the 30 stocks constituting the BSE Sensex, prominent gainers included Infosys, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Tata Motors, Wipro, ICICI Bank, and Nestle.
Tata Group Reportedly Targeting Pegatron's iPhone Plant in India After Wistron Acquisition
Sources cited in a Reuters report suggest that Tata Group might secure a majority stake of 65% in a proposed joint venture to run the Pegatron plant, with negotiations reaching an advanced stage. The envisaged partnership is anticipated to be operated through Tata Electronics, as outlined in the report.
Automobile Sector Boosts Nifty to New All-Time High
This surge propelled the combined market capitalization of BSE-listed companies beyond the Rs 400 lakh crore milestone.
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