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Mobikwik has reduced its IPO size from its earlier plans of ₹1,900 crore in 2021 to ₹700 crore in January this year to ₹572 crore now. File. | Photo Credit: Reuters The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the…
Read More “One MobiKwik Systems IPO subscribed 7.3 times on first day of offer” »
Image for representational purposes only | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty closed higher in choppy trade on Wednesday (December 11, 2024) as investors awaited key U.S. inflation data for further cues. The 30-share BSE Sensex rose by 16.09 points or 0.02% to close at 81,526.14. Snapping its three-day losing run,…
Read More “Sensex, Nifty edge up in choppy trade amid caution ahead of U.S. inflation data” »
Union Finance Minister Nirmala Sitharaman addresses a gathering during the CII Global Economic Policy Forum 2024, in New Delhi on December 11, 2024. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday (December 11, 2024) stressed that India Inc.’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry…
Image used for representation purpose only. File | Photo Credit: V.V. Krishnan The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday (December 11, 2024), amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the…
Read More “Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade” »
From the 30-share pack, UltraTech Cement, Nestle India, Mahindra & Mahindra, Sun Pharmaceutical, Asian Paints, Maruti, Infosys and Tata Motors were among the gainers. | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty edged up in volatile trade on Wednesday (December 11, 2024) amid mixed global trends ahead of the U.S. inflation data….
Read More “Sensex, Nifty swing between high, lows in volatile trade ahead of U.S. inflation data” »
Tesla has resumed its search for showroom space in the national capital. File | Photo Credit: Reuters Elon Musk’s Tesla has resumed its search for showroom space in the national capital, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this…
Read More “Tesla restarts search for Delhi showroom with DLF, sources say” »
Representational view of the Colombo main port | Photo Credit: Reuters Billionaire Gautam Adani-led conglomerate on Tuesday (December 11, 2024) said it will use its own resources to fund a Sri Lankan port project and not seek U.S. funding. In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project “is…
Read More “Adani Ports opts out of U.S. funding for Colombo project” »
A vehicle drives past solar panels installed at the Adani Green Renewable Energy Plant in Khavda, Gujarat on October 15. | Photo Credit: AFP The story so far: On November 5, the World Solar Report 2024 by the International Solar Alliance (ISA) was released. From 1.22 GW in 2000, the world’s solar capacity has surged…
Read More “What is the extent of the global share of solar energy? | Explained” »
For representative purposes. | Photo Credit: iStockphoto Producer bias refers to the bias that economic policymakers have to frame policies that are in favour of the interests of producers rather than in the general interest of consumers. Producer bias adversely affects economic growth of a country as policies that are favourable towards producers adversely affect…
Image for representational purposes only | Photo Credit: Special arrangement The Centre has announced that it will bear the additional cost of ₹425.62 crore in FY 2024-25 on account of inflation in food material cost under the centrally sponsored PM POSHAN Scheme. Under the scheme, one hot cooked meal is served to 11.70 crore students…
