BUSINESS
Sensex Surrenders Morning Gains, Dips Over 400 Points; Axis Bank Losses Contribute to Decline
Several stocks witnessed declines, with Axis Bank down over 3%, ICICI Bank down over 2%, Asian Paints down over 2%, and TCS down more than 1%. Motilal Oswal Financial Services downgraded Axis Bank to Neutral and revised its TP (target price) to Rs 1,175.
Supreme Court Cancels Default Bail for Wadhwan Brothers in DHFL Loan Fraud Case
A bench presided over by Justice Bela M. Trivedi stated, “The respondents-accused could not have claimed statutory rights of default bail under Section 167(2) of Criminal Procedure Code(Cr.P.C) on the ground that investigation for other accused was pending.”
NODWIN Gaming Acquires Comic Con India in a ₹55 Crore Deal
Under the terms of the deal, NODWIN Gaming will secure 100% ownership of Comic Con India at a valuation of Rs 55 crore, utilizing a combination of cash and share swap from the founders, Jatin Varma and Karan Kalra
HSBC Survey Reveals India's Business Activity Surges to 4-Month High at the Beginning of 2024
HSBC's flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, surged to 61.0 in January, surpassing December’s final reading of 58.5 and marking the highest level since September 2023.
French President Macron's Visit Expected to Boost India-EU Trade Deal Talks, Says GTRI
In June 2022, India and the EU resumed negotiations for a comprehensive trade and investment agreement after a hiatus of over eight years.
Report Highlights Challenges as Family Companies Grapple with Heir Loss
A substantial portion of companies in indices such as Standard & Poor’s 500 and the largest companies in France and Germany have a strong family element
Realme Hits 100 Million Smartphone Sales Milestone in India Over 5 Years, Shifts Focus to Product and Branding in 2024
Realme has successfully tapped into diverse market segments with its three series of smartphones. The C series is tailored for consumers seeking quality, design, and technology at an affordable price point
Ram Mandir Inauguration: A Testament to India's Resilience, Says Chairman of Hero MotoCorp
According to Munjal, preserving heritage is crucial for any nation aspiring to achieve new heights of development. He regarded the inauguration of the Ram Mandir as a once-in-a-lifetime event and a historic moment that signifies not only a cultural milestone but also reflects the unity and resilience of the nation.
EdTech Giant Byju’s Seeks New Funding Round, Eyes Nearly $2 Billion Valuation: Report
Byju Raveendran, Co-founder and CEO of the edtech major, is expected to participate in the new funding round. Byju’s has not yet commented on these reports.
Income Tax Filers Witness Remarkable Surge, Surpassing 7.78 Crore in a Decade
Concurrently, the net direct tax collections experienced a noteworthy growth of 160.52%, escalating from Rs 6,38,596 crore in FY14 to Rs 16,63,686 crore in 2022-23, as per the CBDT statistics.
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