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Lok Sabha polls phase 1: Who are the 5 richest candidates?
Moneycontrol - Nakul Nath, the son of former Madhya Pradesh chief minister Kamal Nath, is the richest candidate contesting in the first phase of the Lok Sabha election, as per Association for Democratic Reforms (ADR). Read more
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Adani Wilmar Q4 results: Net profit rises 67% YoY to ₹157 crore, revenue down 3%
May 01 Mint - The Adani Group company reported a 67% year-on-year (YoY) surge in its net profit for the March quarter (Q4 FY24), rising to ₹157 crore from ₹94 crore last year same period. Read more
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Elon Musk meets Chinese Premier Li Qiang after skipping India visit
April 28 Mint - On Sunday, Tesla CEO Elon Musk posted a picture with Qiang and said, “We have known each other now for many years, since early Shanghai days.” Read more
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Uday Kotak loses ₹10,225 crore in a day as Kotak Mahindra Bank share price tanks 11%
April 25 Mint - As market cap fell making shareholders poorer by ₹39,768.36 crore, Uday Kotak holding a 29.71 per cent stake also lost ₹10,225 crore in a day. Read more
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RBI tells Kotak Mahindra Bank to stop issuing new credit cards
April 24 Business Standard - The Reserve Bank of India has asked private sector lender Kotak Mahindra Bank not to issue new credit cards and barred new customer onboarding through the bank’s online and mobile banking channels. Read More
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ILO flags risk of excessive heat to 2.4 billion workers globally; Outdoor workers in countries like India at high risk
April 23 Down to Earth - Out of a global workforce of 3.4 billion, over 2.4 billion workers are likely to be exposed to excessive heat at some point during their work. Read more
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Reliance Industries Posts Rs 21,243-Crore Q4 Profit, Beats Estimates
April 22 News18 - Reliance Industries Ltd (RIL) said net profit rose 0.1 percent to Rs 21,243 crore for the fiscal fourth quarter, beating analyst estimates, driven by a recovery in its core oil-to-chemicals (O2C) business. Read more
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Samsung Galaxy S22 receives a massive price cut, now available at a price of ₹36,999 on Flipkart. Should you buy?
April 22 Mint - Samsung Galaxy S22 receives a massive discount on Flipkart, now priced at ₹36,999. It features OneUI 6.0, IP68 protection, and 4K selfie camera. The device runs on Snapdragon 8 Gen 1 processor and promises 4 generations of Android OS upgrades. Read more
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Know everything about Call money and Notice money market
April 21 ‘Call Money’ is the borrowing or lending of funds for 1 day. When the money is borrowed or lend for period between 2 days and 14 days it is known as ‘Notice Money’. And ‘Term Money’ refers to borrowing/lending of funds for period exceeding 14 days. Banks and Primary Dealers borrow and lend overnight or for the short period to meet their short term mismatches in fund positions. This borrowing and lending is on unsecured basis which means that no collateral in required for borrowing or lending in...
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Chaos in Dubai as UAE records heaviest rainfall in 75 years
April 18 CNN - Chaos ensued in the United Arab Emirates after the country witnessed the heaviest rainfall in 75 years, with some areas recording more than 250 mm (around 10 inches) of precipitation in fewer than 24 hours, the state’s media office said in a statement Wednesday. Read more
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Vodafone Idea to launch ₹18,000 crore FPO at ₹10-11 price band
April 13 Mint- Vodafone Idea will launch a follow-on public offer (FPO) worth ₹18,000 crore next week at a price band of ₹10-11 apiece. Read more
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