Business

Name: thedailyguardian
Address: Delhi, News Delhi, 110065, IN
Telephone: +91-1161362085

FM Nirmala Sitharaman Refutes Opposition’s Claim On PSU

08 May 2024 12:58 PM IST

Finance Minister Nirmala Sitharaman recently addressed the opposition’s criticisms about the state of Public Sector Undertakings (PSUs) in India, particularly those made by the Indian National Congress (INC) and its leader Rahul Gandhi. Sitharaman took to her official social media account on X to counter these claims, stating that the

Air India Express Cancels 70 Flights Due To Crew Sick Leave

08 May 2024 11:14 AM IST

In a peculiar turn of events in the airline industry, Air India Express has recently canceled more than 80 international and domestic flights from Tuesday night till Wednesday morning. The airline’s spokesperson attributed the cancellation to senior crew members taking a “mass sick leave.” “A section of our cabin crew has

Economist Gautam Sen: If India Imposes Inheritance Tax, Super Rich Will Move To No Tax Countries Like Dubai

08 May 2024 11:09 AM IST

Renowned political economist Gautam Sen has cautioned against Congress’ proposed wealth tax in India, foreseeing a potential exodus of the nation’s wealthiest, including the Ambanis and the Adanis, to tax havens such as Dubai to evade taxation. In an exclusive interview with ANI, Sen, who retired from the London School

Sensex-Nifty Begin Day With Downtrend As Global indications Muted

08 May 2024 10:46 AM IST

The Sensex and Nifty both began the day in a downtrend as the stock market got underway with cautious trade on Wednesday. As investors remained cautious in the face of persistent uncertainty, the muted global indications suggested that Indian markets would have another dull day. Ahead of the day, the

Paytm Market Cap Drops to $2.5 Billion; Shares Continue to Decline

07 May 2024 17:05 PM IST

On Tuesday, the market capitalization of One 97 Communications, the parent company of fintech platform Paytm, neared $2.5 billion as its shares continued to decline. Trading at Rs 334.15 on the Bombay Stock Exchange, the Noida-based company’s stock saw a 4.99% drop at market close. This follows a 5% decrease

Rakesh Jhunjhunwala’s Wife Takes ₹800 Crore Hit As Biggest Stock Bet Tanks

07 May 2024 13:42 PM IST

Rekha Jhunjhunwala, the wife of the late investor Rakesh Jhunjhunwala, encountered a significant setback on Monday, losing over ₹800 crore. This loss stemmed from a sharp decline in the shares of Titan Company, which stands as the biggest investment for the Jhunjhunwala family. Titan, a part of the Tata group,

Patanjali Case : Center Defense Ayurvedic Ads To Stay, Technical Board Backing Cited

07 May 2024 13:37 PM IST

The Central government has presented its defense before the Supreme Court regarding a recent letter instructing State and Union Territory (UT) licensing authorities not to take action against advertisements related to Ayurvedic and Ayush products. This move is in connection with a contempt case against Patanjali Ayurveda over alleged misleading

Tesla Sends Chilling Layoff Email To Employees–Check Here

07 May 2024 12:47 PM IST

Tesla’s layoffs extended into the fourth week as more employees took to social media to share news of their termination. This followed reports indicating that the latest round of layoffs affecting various departments had commenced, including software, services, and engineering. Over the weekend, Tesla employees disclosed receiving termination notices. The

Six week Long National Election Leads To RBI Liquidity Dilemma

07 May 2024 12:44 PM IST

As India’s national elections unfold over an extended six-week period, the Reserve Bank of India (RBI) has taken proactive steps to ease liquidity strains within the banking system. The prolonged election season has led to a slowdown in government spending despite robust tax collections, prompting the RBI to inject liquidity

REC Limited Fortifies India’s Financial Prowess with GIFT City Expansion

07 May 2024 11:09 AM IST

In a notable development, REC Limited, a prominent Maharatna Central Public Sector Enterprise under the Ministry of Power, has received approval from the Reserve Bank of India to establish a subsidiary in Gujarat International Finance Tec-City (GIFT City). This strategic decision, formalized with a ‘No Objection Certificate’ dated May 3,

Paytm Shares Fall 5% After COO Bhavesh Gupta’s Resignation

06 May 2024 18:56 PM IST

Shares of One 97 Communications, which owns Paytm, dropped by 5% to Rs 351.70 on Monday after Bhavesh Gupta resigned as the company’s Chief Operating Officer (COO). Gupta also held the position of President at Paytm. The company confirmed Gupta’s resignation in a filing to the stock exchanges. His last

Key Takeaways From Warren Buffett India’s Speech

06 May 2024 13:09 PM IST

During the Berkshire Annual Meeting, 2024, the Chairman of Berkshire Hathaway and CEO Warren Buffett recently addressed the topics of the stock market, the US dollar, the economy, and Inflation. He also talked about the Indian stock market and remarked that India has “unexplored” opportunities that the Berkshire company would