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Piyush Goyal Clarifies Stance On E-commerce, Calls For Fair Competition

22 Aug 2024 19:38 PM IST

Union Minister Piyush Goyal clarifies his stance on e-commerce, emphasizing the need for fair competition between online and offline businesses after criticizing Amazon for predatory pricing

Premji Invest, Claypond Capital Set To Invest $125 Million In Akasa Air

22 Aug 2024 19:25 PM IST

The airline sector is witnessing intense competition, particularly between IndiGo and Air India. With GoFirst’s bankruptcy and SpiceJet's financial struggles shrinking the major players, Akasa Air’s growth is seen as a positive development. Since its launch in August 2021, Akasa Air has quickly expanded its fleet, adding 24 aircraft—a notable

Dabur To Invest ₹400 Crore In Tamil Nadu, Setting Up First South India Plant

22 Aug 2024 19:09 PM IST

Dabur India is investing ₹400 crore to establish its first manufacturing plant in South India, located in Tamil Nadu's Villupuram district, creating over 250 jobs.

Tax-Saving Mutual Funds: How To Invest And Reap The Benefits

22 Aug 2024 18:09 PM IST

ELSS funds are an excellent option for individuals looking to save on taxes while aiming for potential wealth creation. However, it’s crucial to understand the risks involved and the lock-in period. Consult with a financial advisor to determine if ELSS funds align with your financial goals and risk tolerance. With

Oil Tanker Sounion Faces Environmental Risk After Red Sea Attack

22 Aug 2024 18:05 PM IST

The Greek oil tanker Sounion, attacked in the Red Sea, is now a major environmental hazard with 150,000 tonnes of crude oil onboard. Authorities are taking action.

Byju’s Employees Struggle Amid Insolvency, Face Unpaid Salaries And Uncertainty

22 Aug 2024 17:14 PM IST

Byju's employees face financial struggles and uncertainty as the company grapples with insolvency. Unpaid salaries and halted classes fuel growing desperation and fears of a shutdown.

What Are Sovereign Gold Bonds? Why The Government May Scrap Them

22 Aug 2024 15:54 PM IST

Introduced in 2015 to reduce gold imports, SGBs represent a paper-based investment in gold. Since their launch, investors have committed Rs 72,274 crore across 67 tranches of SGBs issued by the Reserve Bank of India (RBI) on behalf of the government. Four tranches have already matured, with early investors more

Adani Group May Sell 5% Stake In Adani Power, Ambuja Cements To Reduce Debt

22 Aug 2024 15:37 PM IST

Adani Group is reportedly considering selling a 5% stake in Adani Power and Ambuja Cements to reduce debt, according to CNBC Awaaz. Learn more about the possible sale.

India Surges Ahead Of China As Top Importer Of Russian Oil

22 Aug 2024 15:26 PM IST

India’s increased demand for Russian oil is attributed to discounted prices following Western sanctions on Moscow in response to its invasion of Ukraine. “India’s requirement for Russian oil is going to go up as long as there are no further tightening of sanctions,” an Indian refining source commented. This growing

Zomato Buys Paytm Entertainment Ticketing Business

22 Aug 2024 14:55 PM IST

According to Paytm, the sale underscores the substantial value the company has built through its entertainment ticketing business. This segment has provided millions of Indians with convenient access to tickets for various entertainment events. The deal with Zomato highlights the scale and impact Paytm has achieved in this domain.

72% Of Indian Employers Intend To Hire Freshers In 2024: Report

22 Aug 2024 14:16 PM IST

According to the report, the e-commerce and technology start-up sectors, along with engineering and infrastructure, and retail, are the top three industries demonstrating the strongest intent to hire freshers during the latter half of 2024. Geographically, Bengaluru leads the charge, with 74% of employers planning to hire fresh graduates, followed

Elon Musk’s X Unveils Investor List Following US Court Mandate

22 Aug 2024 13:43 PM IST

Elon Musk's social media platform X, previously known as Twitter, has disclosed its investor list following a US court order, revealing key shareholders like Jack Dorsey and Saudi Prince Al Waleed.