Photo: Business Standard
Food delivery app, Zomato witnessed the lowest fall of shares on July 25, since the IPO was launched at Rs 76 per share. The IPO was launched as the one-year lock-in period for investors considered insiders, which ended on July 25. Furthermore, shares of Zomato were down 11.28% at Rs 47.60 in afternoon trade, hitting a 52-week low of Rs 46, whereas the highest peak amount was Rs 169.
In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital… read-more
TAGS: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders
Power Grid Corporation of India Limited informed about approved investment for several projects. The decision was taken by the board of Directors of the company in their meeting held on March 6. The Power Grid approved investment for Eastern… read-more
TAGS: Projects, Power Grid, Indian government, business, Growth
The production of electric vehicles (EVs) in India will increase its reliance on China for raw materials, mineral processing, and battery production. The Global Trade Research Initiative (GTRI) stated that a life cycle impact analysis is required… read-more
TAGS: EVs, China, Market, Indian Automobiles, Production
OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi… read-more
TAGS: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception
The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8. The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more
TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade
US President Joe Biden presented the budget for the fiscal year 2024 and unveiled the government's plans to cut $3 trillion from the fiscal deficit over the next decade. On March 10, the Biden Government also increased taxes for the rich, to… read-more
TAGS: US President, Joe BIden, US Budget 2024, Taxes Hike
