Finance

Paytm faces a 20% drop in its stock value due to negative reviews from brokerage firms, following the company’s choice to reduce its offering of small-sized loans.

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Today, the stock price of One97 Communications, the parent company of Paytm, took a significant hit, dropping by 20% to reach ₹650 per share and triggering a lower circuit limit. This sudden decline followed Paytm’s announcement of scaling back on providing small-sized loans. Paytm Hit 20% Lower Circuit Today, the stocks of One97 Communications, the … Read more

‘Nothing should be given for free’ Narayan Murthy says in Bengaluru Tech Summit on November 29

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Narayan Murthy suggests that when people benefit from freebies, it works even better if they, in turn, give something back to society. According to him, nothing should be handed out without some form of contribution in return. ‘Nothing should be given for free’ Narayan Murthy says During a conversation with Zerodha’s Nikhil Kamath at the … Read more

Kesoram Industries is making a big move, merging its cement business into UltraTech Cement in a substantial $645 million deal.

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Splitting and combining things will help Kesoram Industries clean up its financial picture, cutting down on debt, interest payments, and opening up the true potential of its cement business, the company shared. Ultratech acquire Kesoram Industries in $645mn deal On November 30, the folks at Kesoram Industries gave the green light to join forces with … Read more

Charlie Munger, Warren Buffett’s close companion, has sadly passed away, bidding farewell to the world at the age of 99.

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Charlie Munger, often known as Warren Buffett’s right-hand man, played a pivotal role in shaping the success of Berkshire Hathaway. Forbes ranks him as the 182nd wealthiest person globally, with a net worth of $2.6 billion. Munger assumed the position of vice president at Berkshire in 1978 and later became the chairman and president of … Read more

Adani Group stocks surged by a whopping 20%, adding a hefty $15 billion to their market capitalization, following the Supreme Court’s decision to reserve judgment in the Adani-Hindenburg case.

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Investors showed keen interest in Adani Group stocks following the Supreme Court’s decision to hold off on delivering a verdict in the Adani-Hindenburg case. The Chief Justice of India, DY Chandrachud, leading the bench, noted that the Securities and Exchange Board of India (SEBI) should wrap up its investigation in all 24 cases. This sparked … Read more

Adani’s stock saga: Rajiv Jain’s GQG pockets a whopping profit of Rs 3,000 crore as the Supreme Court keeps the Hindenburg order on hold.

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Adani Power shares took a 13.75% leap, reaching Rs 451.50 on BSE. As of September 30, GQG Partners EM Equity Fund held a 1.28% stake in this Adani group company. Adani stock saga On Tuesday, as the shares of Adani group companies surged by up to 20%, GQG Partners, led by Rajiv Jain, raked in … Read more

The offered price for Tata Technologies has been settled at ₹500 per share. Here are the details.

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On Saturday evening, Tata Motors shared the news that its subsidiary, Tata Technologies, has determined the offer price, which includes the anchor investor offer price, for its upcoming Initial Public Offering (IPO) at ₹500 per equity share. Tata Technologies IPO Over the weekend, Tata Motors made an announcement about its subsidiary, Tata Technologies. The company … Read more

Mamaearth’s Stock Surges 20% After Strong Q2 Performance; Jefferies Raises Target, Predicts 52% Upside

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Mamaearth’s parent company, Honasa Consumer, had an impressive second quarter with robust performance in both revenue and profit margins. The company’s stock experienced a remarkable 20% surge, reaching an unprecedented high of ₹423.75 per share today. Mamaearth stock rally 20% Jefferies, the global brokerage, has upped the target price for Honasa Consumer, the company behind … Read more

The value of Bajaj Finance shares dropped by more than 3% after the Reserve Bank of India (RBI) strictly prohibited lending through two digital products.

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Experts think that Bajaj Finance stocks might face some challenges in the short run, but the situation could improve soon since it appears to be more of a minor operational hiccup than a significant violation. Overview The stock took a hit on Thursday, dropping by almost 4% following the Reserve Bank of India’s (RBI) decision … Read more

Subrata Roy, the visionary creator behind Sahara Group, has passed away at the age of 75. Let’s celebrate Roy’s extraordinary entrepreneurial odyssey and the triumphs he overcame along the way.

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Sad news to share – Subrata Roy, the heart and soul behind Sahara Group in Lucknow, passed away at the age of 75 on Tuesday. The company revealed that he succumbed to cardiorespiratory arrest around 10:30 pm after bravely facing challenges linked to metastatic malignancy, hypertension, and diabetes. May his legacy continue to inspire. Sahara … Read more