Mumbai: The latest episode of Shark Tank India 4 witnessed an emotional moment as Kunal Bahl, co-founder of Snapdeal and Titan Capital, connected deeply with the story of a 64-year-old entrepreneur, Champa. The founder of Krishna Sakhi, a business specializing in handcrafted jewelry for divine idols, Champa’s pitch moved the panel of investors with her…
Mumbai: IndusInd Bank shares faced a sharp decline, hitting a fresh 52-week low of ₹720.50, following a series of downgrades and target price reductions by leading brokerages. The stock plummeted 20% on Tuesday, raising concerns among investors about the bank’s governance and earnings visibility. The selloff was triggered by the bank’s disclosure of accounting discrepancies…
In a bid to ensure transparency and curb tax evasion, the Income Tax Department has intensified scrutiny of cases where high income is reported, but withdrawals and transactions remain disproportionately low. Such discrepancies in income and spending patterns can trigger suspicions of undeclared earnings, leading to potential investigations. The Red Flags to Watch Out For…
Hindalco Industries, the flagship company of the Aditya Birla Group and one of the world’s largest aluminum rolling companies, has witnessed a remarkable surge in its stock price, nearing a one-year high. The stock has rallied 23% over the past eight weeks, outperforming the Nifty Metal index, which gained 8% during the same period. Key…
Finance Minister Nirmala Sitharaman has tabled a second batch of supplementary demands for grants in the Lok Sabha, seeking approval for an additional expenditure of Rs 51,462.9 crore for the current financial year. This move aims to address key funding requirements, including pensions and fertiliser subsidies. Key Highlights of the Additional Spending Broader Financial Context…
In a recent episode of Shark Tank India 4, founders Dheeraj Nagpal and Sachin Goel of Zinga Vita delivered an entertaining pitch centered around Shilajit, an ayurvedic supplement known for its multiple health benefits. Their mission was to destigmatize Shilajit and highlight its uses beyond sexual wellness, including improved metabolism, boosted energy levels, and benefits…
The Income Tax Department has established clear rules regarding cash deposits and withdrawals in savings accounts to ensure transparency and prevent tax evasion. Exceeding these prescribed limits may trigger scrutiny or even an income tax notice. Here’s everything you need to know to stay compliant with the rules. Annual and Daily Cash Deposit Limits According…
The National Securities Depository Limited (NSDL) is gearing up to launch its highly anticipated Initial Public Offering (IPO) worth ₹3,000 crore. This public issue, expected to go live by the end of March or early April, is entirely an Offer for Sale (OFS), with prominent stakeholders such as the National Stock Exchange (NSE), IDBI Bank,…
San Francisco-based artificial intelligence company OpenAI is reportedly preparing to launch specialized AI agents, designed to provide expert-level knowledge and support across various domains. According to a report by The Information, these advanced AI agents could come at a high subscription price of up to $20,000 (approximately ₹17.41 lakh) per month and will not be…
The Indian Renewable Energy Development Agency Ltd. (IREDA) announced on Saturday that the Reserve Bank of India (RBI) has declined its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. Despite the setback, IREDA has confirmed its intention to resubmit the proposal. Background of the Investment Plan IREDA…
