Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have dropped 38% from their 52-week high of ₹1,139, which was touched on May 23, 2024. The stock reached its 52-week low of ₹705.20 on February 25. Despite being a monopoly player in online train ticket booking and railway catering services, the stock has underperformed in…
Shares of Alibaba Group Holding Ltd. (NYSE:BABA) surged 4.3% during the pre-market trading session on Wednesday, following the launch of its video-generation AI model. The stock also climbed on the back of a positive analyst call. ### What Happened Bernstein, a prominent investment management firm, upgraded Alibaba’s stock from ‘market perform’ to ‘Outperform’ and raised…
The Union Budget 2025-26 has made annual incomes up to Rs 12 lakh tax-free. However, this limit can be increased to Rs 17 lakh by availing of certain allowances, provided your company makes adjustments to your salary structure. These allowances, as per the Income Tax Act, are exempt from income tax under the new regime…
In a recent episode of Shark Tank India, an intense exchange unfolded between the investors, known as sharks, and Mohit, the founder of Born Good, a detergent brand. Mohit sought an investment of Rs 70 lakh for 1% equity in his company, valuing it at Rs 70 crore. Despite his impressive credentials, including 14 years…
Nithin Kamath, CEO of online brokerage platform Zerodha, has raised concerns about India’s escalating air pollution levels following New Delhi and Mumbai’s ranking among the world’s costliest cities in terms of property prices. *Rising Property Prices* In a post on social media platform X, Kamath pointed out that cities like Delhi, Mumbai, and Bengaluru have…
Tata Power Ltd announced on Tuesday, February 25th, that it has signed a Memorandum of Understanding (MoU) with the Assam government at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 to develop up to 5,000 MW of renewable and clean energy projects in the state. This ambitious initiative involves solar, wind, hydro, and energy…
Adani Group, led by Chairman Gautam Adani, has announced plans to invest Rs 50,000 crore across various sectors in Assam. The announcement was made during the inaugural function of the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati. The investment will be directed towards the development of airports, aero cities, city gas distribution,…
Reliance Industries Limited (RIL) has announced a substantial investment commitment of over Rs 50,000 crore in Assam over the next five years. Chairman and Managing Director Mukesh Ambani made the announcement at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati on Tuesday. Addressing the gathering at the summit, Ambani emphasized Reliance’s long-term…
Adani Green Energy Ltd announced on Tuesday, February 25th, that its wholly-owned subsidiary, Adani Saur Urja (LA) Ltd, has been awarded a contract by the Uttar Pradesh Power Corporation Ltd (UPPCL) to procure 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects. This development marks a significant step forward for the renewable energy…
In a significant leap toward futuristic transportation, India has successfully developed its first hyperloop test track at IIT Madras, marking a major milestone in high-speed travel. The 422-meter-long test facility, built with the support of the Ministry of Railways, aims to achieve ultra-fast travel, potentially reducing the Delhi-Jaipur journey—a distance of approximately 300 km—to less…
