Read more about the article Angel One Sees 56% Client Growth Despite Dip in Trading Activity
Business

Angel One Sees 56% Client Growth Despite Dip in Trading Activity

Angel One Limited saw strong growth in its client base in November 2024, increasing by 56% to reach 28.78 million clients. Even though trading activity slightly dropped, the company saw major gains in average client funding and mutual fund SIP registrations. Angel One continues to hold a strong position in the market, particularly in commodities and equity options, showing that investors still trust the platform.

By Vishal Kumar
December 6, 2024
Read more about the article India on High Alert as Bangladesh Deploys Turkish Drones Near Border
Politics

India on High Alert as Bangladesh Deploys Turkish Drones Near Border

India is on high alert after reports that Bangladesh has placed Turkish-made Bayraktar TB2 drones near its border with West Bengal. The drones, used for surveillance, are part of Bangladesh's efforts to deal with growing terrorist activity and political instability. While Bangladesh says the drones are for defense, India is worried about the potential risks, especially with rising border tensions and the threat of terrorist infiltration.

By Avi G
December 6, 2024
Read more about the article PSU Bank Stocks Surge After RBI Cuts CRR by 4%
Business

PSU Bank Stocks Surge After RBI Cuts CRR by 4%

Banking stocks saw a boost after the RBI cut the cash reserve ratio (CRR) by 50 basis points, with PSU Bank stocks rising nearly 2%. While the repo rate stayed the same, analysts expect more cash flow for banks and slight help for their profit margins. Experts believe the full effect on margins will be felt by FY26, with PSU banks less impacted due to their loan structures.

By Vishal Kumar
December 6, 2024
Read more about the article India Cracks Down on Ghost Firms: 2.33 Lakh Shell Companies Removed in 5 Years
Business / Politics / Technology

India Cracks Down on Ghost Firms: 2.33 Lakh Shell Companies Removed in 5 Years

The Ministry of Corporate Affairs (MCA) has removed 2.33 lakh inactive and non-compliant companies in the past five years as part of a major clean-up. The government is targeting shell companies, which are often involved in illegal activities like tax evasion and money laundering. States like Maharashtra and Delhi have been the biggest contributors to this issue, with major action taking place in 2022-23. This effort aims to improve corporate governance and reduce widespread non-compliance.

By Vishal Kumar
December 5, 2024
Read more about the article New Generation Honda Amaze Launched in India at Rs. 7.99 Lakh – A Stylish Upgrade
Business / Cars / Technology

New Generation Honda Amaze Launched in India at Rs. 7.99 Lakh – A Stylish Upgrade

Honda has launched the new third-generation Amaze in India, starting at Rs. 7.99 lakh. The updated model brings a fresh look, improved interior, and new tech features, while keeping the same 1.2L petrol engine. Key updates include a bigger touchscreen, wireless Apple CarPlay, ADAS, and a revamped design. The car is available in six variants, with deliveries starting next month.

By Vishal Kumar
December 5, 2024
Read more about the article ICICI Bank Offices Raided by Maharashtra GST Authorities
Business

ICICI Bank Offices Raided by Maharashtra GST Authorities

ICICI Bank confirmed that Maharashtra GST authorities searched three of its offices on December 4, 2024. The bank is fully cooperating with the investigation. The searches are being carried out under sections 67(1) and 67(2) of the Maharashtra GST Act, 2017. The bank had recently reported strong financial results for Q2 FY 2024-25, showing significant growth in profits and loan portfolios.

By Avi G
December 5, 2024
Read more about the article EPAM Expands Workforce in India, Plans to Hire 400 More by Q1 2025
Business / Technology

EPAM Expands Workforce in India, Plans to Hire 400 More by Q1 2025

EPAM, a digital transformation company based in the US, has opened its third office in Pune, India, marking another step in expanding its operations in the country. This new office follows the company's earlier expansions in Bengaluru and Chennai. EPAM's workforce in India has grown to nearly 9,600 employees. The Pune office will focus on offshore development centers, serving clients in industries such as banking and financial services. EPAM expects to continue growing in India and aims to have 10,000 employees by Q1 2025.

By Avi G
December 5, 2024
Read more about the article Airlines Face 30% Surge in Spare Part Costs Amid Ongoing Supply Chain Chaos
Business / Science / Technology

Airlines Face 30% Surge in Spare Part Costs Amid Ongoing Supply Chain Chaos

Airlines are facing higher costs and delays due to ongoing supply chain issues, which are impacting their ability to meet sustainability goals and provide smooth service. Although passenger traffic has bounced back, shortages in spare parts and longer maintenance times are forcing airlines to keep older planes longer and reduce some services. These challenges are pushing up costs and leading to market share losses, with more delays expected for at least two more years.

By Avi G
December 5, 2024

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