In a recent episode of Shark Tank India Season 4, three enterprising founders – Ajith Sunny, Ranjit Kumar Behra, and Prince Jacob Thomas – pitched their sports brand Metashot, leaving the Sharks with varied opinions and a dash of humor. As the trio introduced their innovative cricket gaming company, Anupam Mittal couldn’t help but draw…
The Adani Group has reaffirmed its financial strength and resilience by reporting record-breaking earnings and robust liquidity, thereby solidifying its status as a leader in India’s infrastructure sector. *Record-Breaking EBITDA Growth* For the twelve months ending December 2024, Adani Group achieved a record-high trailing EBITDA of ₹86,789 crore, marking a 10.1% year-on-year increase. The December…
In a significant move aimed at providing relief to borrowers, the Reserve Bank of India (RBI) has issued draft guidelines proposing the elimination of foreclosure charges and prepayment penalties on floating rate loans. The central bank has invited public feedback on these draft rules, with the deadline set for March 21, 2025. Once finalised, the…
A new book has unveiled surprising and controversial details about the rift between the late Ratan Tata, Chairman Emeritus of Tata Group, and his former successor, Cyrus Mistry. The book, Ratan Tata: A Life, authored by Thomas Mathew, sheds light on the issues that led to Mistry’s exit from the Tata Group. *Ratan Tata’s Regret*…
In a significant move, former Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as ‘Principal Secretary-2’ to Prime Minister Narendra Modi. The Appointments Committee of the Cabinet (ACC) approved his selection, and the Department of Personnel and Training (DoPT) issued the official order on Saturday, February 22. This appointment marks the first…
For the first time in years, the observance of International Mother Language Day at the Bangladesh Deputy High Commission office in Kolkata was marked by restricted participation, with Indian attendees, including Bengalis from the city and West Bengal at large, being barred from the event. This move, reportedly directed by the interim government in Dhaka,…
In a significant business move, billionaire Mukesh Ambani’s Jio Financial Services has partnered with global asset management giant BlackRock to launch a joint venture, Jio BlackRock, aimed at providing asset management services in India. The venture has named Sid Swaminathan, a 20-year veteran in the asset management arena, to lead the initiative. *Leadership and Team*…
India’s foreign exchange reserves witnessed a decline of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This drop halts a three-week rising streak during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical Context…
India’s foreign exchange reserves experienced a significant drop of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This decline snaps a three-week rising streak, during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical…
Swiggy Ltd. has announced a significant investment of ₹1,000 crore in its wholly owned subsidiary, Scootsy Logistics Pvt. Ltd., to support its business expansion. The board of Swiggy approved this investment, which will be made in one or more tranches through a rights issue, according to an exchange filing on Friday. Investment Details The approved…
