SEBI has opted not to provide a response to Axis Bank’s application regarding the governance structure, where Axis sought guidance on whether the arms’ governance […]
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Ukraine Claims Responsibility for Downed Russian Il-76 in Belgorod Plane Crash
Belgorod Plane Crash: The Russian Il-76 military transport plane crashed in the Belgorod region, resulting in the unfortunate loss of all 63 individuals on board. […]
India’s Ministry of Heavy Industries Initiates Global Bidding for 10 GWh ACC Manufacturing Facilities under PLI Scheme
Embarking on a mission to bolster India’s energy landscape, the Ministry of Heavy Industries (MHI) has set the stage for a significant leap forward. Through […]
Canara Bank’s Q3 Financial Highlights: Robust Profit Growth, Improved Asset Quality, and Strategic Provisioning
Canara Bank’s Q3 Profit After Tax (PAT) stands at Rs 3,656 crore, reflecting a YoY increase from Rs 2,881 crore. Gross Non-Performing Assets (NPA) decreased […]
Market Sentiment Shifts: March 2024 Rate Cut Expectations Plummet to 42%
Investors are adjusting their expectations for a U.S. rate cut amid a robust economy and resistance from central bank officials. This reconsideration is influencing Treasury […]
Bharti Hexacom Announces IPO with Government Share Sale: Check Financial Highlights and Operational Risks
Bharti Hexacom Ltd., a subsidiary of Bharti Airtel, is set to launch its initial public offering (IPO) through an offer-for-sale of shares by the government-owned […]
SEBI Grants Extension: FPIs Get Additional Time for Compliance with Ownership Disclosure Norms
SEBI, the market regulator in India, had initially mandated FPIs with over 50% of their Indian equity AUM in a single group or holding more […]
India’s 15% Tax Surge on Precious Metals: Impact on Imports and Jewelry Exports
India has raised the tax on precious metal coins and gold findings to 15% to manage the import bill and boost competitiveness in the jewelry […]
Brokerage Reports: Zee Entertainment Ratings Downgraded, ICICI Bank Maintains Positive Outlook, and Citi’s Market and Budget Projections
• Zee Entertainment (CITI Research): – Target: 180 (previously 340) – Recommendation: Sell – Valuation multiple expected to decrease. – Non-operational concerns and increased competition […]
Sony Calls Off $10 Billion Mega Merger with Zee Entertainment After Two-Year Saga, Leaving Zee Vulnerable to Competition
Sony Group Corp. has formally informed Zee Entertainment Enterprises Ltd. of its decision to cancel the merger with its India unit, concluding a two-year acquisition […]
Moroccan-registered small aircraft Crash in Afghanistan: Taliban Dispatches Team for Deep Mountain Investigation
The Taliban has communicated the occurrence of an Moroccan-registered small aircraft crash in the Zebak District of Badakhshan Province, Northeastern Afghanistan. In response, the Taliban […]
Fire Erupts at Russia’s Novatek Terminal: No Casualties Reported in Ust-Luga Port Incident
A fire broke out at the Novatek terminal, Russia’s second-largest natural gas producer, situated in the Ust-Luga port, as confirmed by Alexander Drozdenko, the governor […]