Stock Market Updates:
Sensex Falls 750 Points; Nifty Drops Below 24,800 The Indian stock market has witnessed a significant downturn, with the Sensex plummeting 750 points and the Nifty falling below 24,800. Key sectors such as IT, auto, metal, and realty have been hit hardest, contributing to the overall market decline.
Sebi Considers Simplified IPO Filing Process The Securities and Exchange…
Oxford Dynamics, a start-up based in Harwell, Oxfordshire, is on a mission to change how hazardous areas are managed with the development of its new robot, Strider. The company has secured a £1 million contract with the Ministry of Defence (MoD) to design, develop, and supply this cutting-edge technology. The Strider robot is designed to operate in environments contaminated by chemicals…
Arm Holdings (ARM) saw its shares tumble in after-hours trading, despite reporting fiscal first-quarter earnings that exceeded expectations. The company’s stock fell over 12% after gaining more than 8% during the regular session, even as it continues a remarkable run with a 90% increase so far in 2024.
The decline came after Arm Holdings provided a weaker-than-expected earnings outlook for the…
Intel is making a significant cut to its workforce as part of a major restructuring effort aimed at reducing costs and improving financial stability. The company will lay off 15,000 employees, which represents approximately 15% of its total workforce, as it seeks to save $10 billion by 2025. This decision was communicated by Intel CEO Pat Gelsinger in a memo to employees, who described the move as…
Sun Pharmaceutical Industries Ltd’s new alopecia treatment, Leqselvi (Deuruxolitinib), recently approved by the US Food and Drug Administration (FDA), is encountering legal challenges that may delay its market debut. A motion for a preliminary injunction has been filed in a US court to block the drug’s launch, putting the company’s planned rollout on hold.
Due to these ongoing legal…
Shares of Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, soared by 18.49% on Thursday, reaching a one-year high of Rs 1,347.90 during intraday trading. The stock closed 12.04% higher at Rs 1,274.55 on the Bombay Stock Exchange (BSE), marking a significant milestone for the company.
This impressive surge in share price follows Adani Energy Solutions’ recent fundraising…
Women entrepreneurs have been pivotal in America’s economic recovery from the Covid-19 pandemic. For three consecutive years, women have started about half of all new businesses, according to a 2023 report by the U.S. Senate Committee on Small Business and Entrepreneurship.
This momentum among women business owners is powerful and shows no signs of slowing down. As we approach the end of…
Mumbai-based fintech startup LXME has successfully secured $1.2 million in seed funding, spearheaded by Kalaari Capital. This investment aims to bolster the platform’s mission of fostering financial independence among women.
Kalaari Capital, led by Vani Kola, is known for its early investments in Myntra and Snapdeal. The investment was made through its CXXO initiative, which focuses on…
Maryam Al Suwaidi has made remarkable strides in the banking and financial services sector in the UAE, breaking barriers and setting new standards for leadership and sustainability. As the CEO of the Securities and Commodities Authority (SCA), Al Suwaidi stands as a symbol of progressive change and innovation in the region’s financial landscape.
A Trailblazing Career
Born and raised in the UAE…
Richa Kar, the visionary co-founder of Zivame, has become a prominent figure in India’s e-commerce and fashion industry. Her journey from a traditional upbringing in Jamshedpur to leading a pioneering lingerie brand reflects not only her personal resilience but also the broader shifts in societal norms and the business landscape in India.
Early Life and Traditional Roots
Born on July 17, 1980…
