Read more about the article SEBI Cancels Trafiksol ITS Tech IPO, Orders Refund to Investors
Business

SEBI Cancels Trafiksol ITS Tech IPO, Orders Refund to Investors

The Securities and Exchange Board of India (SEBI) has canceled Trafiksol ITS Technologies' BSE-SME IPO and ordered the company to refund ₹44.87 crore to investors. This decision follows concerns about the company's financial dealings and an investigation that revealed the vendor involved was a 'shell entity.' SEBI has given the company one week to complete the refund process, with BSE overseeing it.

By Vishal Kumar
December 3, 2024
Read more about the article ICRA Projects ₹2,000-3,000 Crore Loss for Indian Airlines Amid Weak Rupee
Business

ICRA Projects ₹2,000-3,000 Crore Loss for Indian Airlines Amid Weak Rupee

Domestic airlines are expected to report a net loss of ₹2,000-3,000 crore in FY2025 and FY2026 due to a weak rupee and higher costs from grounded aircraft. However, the losses should be lower than in previous years, thanks to stronger pricing, healthy traffic growth, and cost reductions. Domestic air traffic is expected to grow by 7-10%, while international traffic is projected to rise by 15-20%.

By Avi G
December 3, 2024
Read more about the article Why Did Congress Finally Blink on the Adani Protest Stalemate?
Business / Entertainment / Politics

Why Did Congress Finally Blink on the Adani Protest Stalemate?

Congress faced pressure from both inside and outside the party, forcing a change in its stance on the Adani issue during the winter session of Parliament. Protests over the Adani controversy stalled proceedings for six days, but Congress eventually allowed Parliament to function after criticism from opposition allies and its own MPs. The party realized that focusing only on the Adani issue wasn’t getting results, prompting them to change their approach.

By Avi G
December 3, 2024
Read more about the article TCS Partners with Bank of Bhutan to Transform Digital Banking Landscape
Business / Science / Technology

TCS Partners with Bank of Bhutan to Transform Digital Banking Landscape

Tata Consultancy Services (TCS) has partnered with Bank of Bhutan to upgrade its digital banking system. The TCS BaNCS Global Banking Platform will improve operations, boost customer experience, and expand digital capabilities. This upgrade will support Bhutan's push for digital progress and new financial products, while also helping TCS grow its global presence in digital banking.

By Avi G
December 3, 2024
Read more about the article Mehbooba Mufti’s ‘No Difference Between India and Bangladesh’ Comment Triggers Controversy
Business / Entertainment / Politics

Mehbooba Mufti’s ‘No Difference Between India and Bangladesh’ Comment Triggers Controversy

Mehbooba Mufti, former Jammu & Kashmir CM, stirred controversy by saying there is "no difference" between how minorities are treated in India and Bangladesh. Her statement was sharply criticized by BJP leaders, who called it anti-national. Mufti also criticized the Modi government on issues like unemployment, election integrity, and religious tensions in India.

By Avi G
December 3, 2024
Read more about the article Pricol to Acquire Sundaram Auto Components’ ₹215 Crore Injection Moulding Business
Business / Technology

Pricol to Acquire Sundaram Auto Components’ ₹215 Crore Injection Moulding Business

Coimbatore-based Pricol is set to acquire Sundaram Auto Components' (SACL) injection moulding business for ₹215 crore. This all-cash deal, made through Pricol's subsidiary, Pricol Precision Products, is expected to boost Pricol's revenue by ₹730 crore. SACL, a subsidiary of TVS Motor, operates six manufacturing facilities and reported ₹727 crore in revenue for FY24. Additionally, Pricol plans to acquire a 26% stake in PQSI Digital Private Ltd for ₹10 crore.

By Vishal Kumar
December 3, 2024
Read more about the article Rupee Falls to All-Time Low, Bond Market Reacts to Economic Slowdown
Business

Rupee Falls to All-Time Low, Bond Market Reacts to Economic Slowdown

The Indian rupee dropped to an all-time low after new data showed the country’s economy grew at its slowest pace in almost two years. The rupee lost 0.2%, reaching 84.6637 per dollar. Meanwhile, bonds gained as traders started to expect the central bank might cut interest rates sooner than expected. The bond yield fell to 6.62%, as traders anticipated moves by the Reserve Bank of India to boost the economy.

By Avi G
December 2, 2024
Read more about the article Retail Inflation Hits 14-Month High, MPC Expected to Keep Repo Rate Unchanged
Business / Politics

Retail Inflation Hits 14-Month High, MPC Expected to Keep Repo Rate Unchanged

The Monetary Policy Committee (MPC) is likely to keep the repo rate steady in its December meeting, despite a slowdown in GDP growth and rising retail inflation above 6%. While the committee may update its GDP and inflation forecasts, economists suggest that controlling inflation will remain a priority. MPC members are expected to maintain a neutral stance to support long-term price stability and growth.

By Vishal Kumar
December 1, 2024
Read more about the article WhatsApp Trading Scam: Hyderabad Man Duped of Rs 8 Crore by Fraudsters
Business / Technology

WhatsApp Trading Scam: Hyderabad Man Duped of Rs 8 Crore by Fraudsters

A man from Hyderabad lost Rs 8.14 crore to fraudsters who posed as stock traders. The scammers used fake trading apps and promised high returns. Two suspects, Rahul Dangi and Rahul Bhoi, were arrested in connection with the crime. Investigations revealed that the accused were involved in several other fraud cases across India.

By Avi G
December 1, 2024

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