Indian benchmark indices faced a sharp decline on Friday, influenced by weak global economic data and growing recession concerns. The BSE Sensex dropped by 885.60 points, or 1.08%, closing at 80,981.95. The NSE’s Nifty50 fell by 293.20 points, or 1.17%, ending the day at 24,717.70.
As the market braces for Monday’s trading session, key stocks are expected to be in focus:
Infosys: The IT giant…
Vodafone Idea (Vi) has expressed dissatisfaction with its competitors, Airtel and Reliance Jio, for providing what it claims is “unlimited” 5G data access to customers without additional charges. This complaint has been formally lodged with the Telecom Regulatory Authority of India (TRAI), accusing the rival telcos of engaging in predatory pricing practices.
Vi’s Concerns
According to The…
The recent security breach at WazirX, which led to the theft of over $230 million, has sparked a broader conversation within the crypto industry about the necessity of protecting customers’ assets. As a response, other cryptocurrency exchanges are exploring measures to secure wallets and provide reparations to affected clients. However, experts argue that traditional insurance solutions for…
Recent valuations reveal a significant shift in the media landscape, with Disney+ Hotstar and JioCinema now surpassing their parent companies’ traditional linear TV businesses in value. According to documents reviewed by ET, leading valuation firms EY and BDO have appraised Viacom18 and Star India at impressive figures, highlighting the growing dominance of digital streaming platforms.
Valuation…
The committee of creditors (CoC) for the bankrupt airline Go First has unanimously opted for liquidation, following disappointing bids from potential resolution applicants. A senior executive from a private bank, which holds minimal exposure to the airline, confirmed that the voting process is complete, and the airline is expected to be recommended for liquidation shortly.
The decision comes after…
As Gautam Adani prepares for a gradual exit from his role as chairman of the Adani Group, the spotlight is turning to potential successors who could steer the conglomerate into the next decade. Gautam Adani, currently 62, has mapped out a comprehensive succession plan aimed at ensuring a smooth transition of leadership to his sons and cousins by the early 2030s.
In an interview with Bloomberg…
Indian stock markets have faced a severe downturn today, with significant losses on both the Sensex and Nifty indices. The magnitude of the sell-off has been striking, wiping out investor wealth to the tune of Rs 10.24 lakh crore. The market capitalization fell from Rs 457.16 lakh crore in the previous session to Rs 446.92 lakh crore, underscoring a dramatic shift in investor sentiment and…
IndiGo is celebrating its 18th anniversary on August 7 with a special promotion and a new business class product announcement. To commemorate the milestone, the airline is offering up to 18% off on flights from August 5 to August 8, 2024. Travelers can use the code ‘HAPPY18’ to avail of the discount.
The anniversary promotion comes as IndiGo, operated by Interglobe Aviation Ltd, recently…
Tax Regime Switch Mid-Year: Clarifications Needed After Budget 2024 Changes
With the recent sweetening of the new tax regime in Budget 2024, many salaried taxpayers are now questioning whether they can change their tax regime choice mid-year. The Finance Minister’s announcements on July 23 have introduced attractive revisions to the new tax regime, raising concerns among employees who had…
Adani’s super app, Adani One, has embarked on digital lending pilots with fintechs and non-banking financial companies (NBFCs) as part of its strategy to diversify its offerings. This initiative, spearheaded by Adani Digital Labs, aims to integrate personal loans into the app’s suite of services.
The app has finalized a partnership with KrazyBee Services, the NBFC arm of fintech firm…
