In 2021, Vinay Dube launched Akasa Air, backed by investor Rakesh Jhunjhunwala. Despite initial losses, the airline's valuation has grown to $350 million. Akasa has expanded its fleet rapidly, overtaking SpiceJet in market share, and is now seeking $125 million in new investments from Premji Invest and Claypond Capital for further growth.
The Indian Army has issued a tender for next-generation artillery guns to be designed and manufactured domestically. With an initial requirement of 400 units, the number is expected to rise as older equipment gets replaced. Private defense companies like Larsen & Toubro, Bharat Forge, and Tata Advanced Systems Ltd. are showing significant interest in the Rs 7,000 crore project.
The Assam cabinet has approved a proposed law requiring Muslims to register marriages and divorces with the government, bypassing the role of traditional qazis. This new law aims to prevent child marriages and will be presented in the legislative assembly. Registration will be managed by district commissioners and registrars, ensuring better compliance and record-keeping.
A software developer earning ₹30 lakh annually shared his preference for train travel over flights. Despite his high income, he chooses trains due to a personal encounter that secured his first job. This heartwarming story has since gone viral, sparking similar experiences from others.
A chartered accountant from Mumbai was attacked in Pune after his car inadvertently splashed water on two bikers and two pedestrians from a deep pothole. The victim, Yash Manwani, lodged a complaint with the police, who are currently investigating the incident and have detained one suspect so far.
The law, which passed in February, protects employees who refuse to monitor, read or respond to contact from their employers outside work hours.
Here’s a selection of stock ideas from StoxBox, meticulously crafted using both technical and fundamental analysis to highlight stocks with significant growth potential.
Rahul Gandhi highlighted the challenges victims face in filing FIRs, referencing recent crimes in Maharashtra. He criticized authorities for concealing crimes, stating that such actions embolden criminals and discourage victims. Gandhi called for serious discussion on measures to create a safer environment for women, emphasizing the necessity for public protests to obtain justice.
Reliance-Star India Merger: The Indian antitrust body may compel Disney and Reliance to sell some cricket broadcast rights or cap advertisement prices as part of an $8.5 billion merger. The proposed merger aims to dominate India's entertainment sector, but concerns about monopolistic control over cricket broadcasts have arisen, leading to confidential negotiations and potential structural changes.
The Delhi government has proposed long-term solutions to tackle the city's persistent waterlogging issues during monsoon. Key measures include technology enhancement for drainage monitoring, resolving inter-agency conflicts, and increasing C&D waste and dairy waste management. The use of real-time monitoring and rejuvenation of waterbodies is also part of the strategy.
The protest was led by the Leader of the Opposition in the Legislative Council Chalavadi Narayanaswamy. BJP leaders and BJP Party Workers including former Deputy Chief Minister Dr.CN Ashwath Narayan joined the protest.
The Delhi Police have dismantled an Al Qaeda terror module, detaining 14 individuals from Jharkhand, Rajasthan, and Uttar Pradesh. This action followed intelligence inputs and collaboration with state police. The group, led by Dr. Ishtiyaq of Ranchi, aimed to declare 'khilafat' and conduct terrorist activities. Raids to recover arms and documents are ongoing.
The company has set September 3 as the record date for the buyback, which will be conducted via a tender offer. This marks the company's second share buyback, with the previous one occurring in September 2021.
Bitcoin and Ethereum surged after Federal Reserve minutes hinted at possible interest rate cuts in September.Market participants are now awaiting U.S. jobless claims data and Fed Chair Powell's comments at the Jackson Hole Economic Symposium.
Ravi Menon from Macquarie expresses optimism for a strong run in the Indian IT sector, highlighting companies like TCS, HCL, Wipro, and LTIMindtree. He further predicts significant investments in digital transformation and AI, noting Persistent Systems as a standout midcap pick. Challenges are anticipated for sectors like telecom and automotive.
Rahul Dravid, former Indian head coach and cricket legend, shared thoughts on a Bollywood role during the CEAT Cricket Awards. Reflecting on his coaching journey, Dravid discussed India's preparation for recent tournaments, praised team efforts, and celebrated various cricket awards recipients, including himself, honored with the Lifetime Achievement Award.
Mehbooba Mufti, PDP's president, encountered resistance after choosing her daughter, Iltija Mufti, as a candidate for the Srigufwara-Bijbehara constituency in J&K's assembly elections. Abdul Rehman Veeri decided to contest independently, causing party tension and defections. This situation has stirred dissatisfaction among several members ahead of the polls.
While new-age technology industries are growing at a rapid pace, the lack of innovative national level regulatory models for high-performing sectors could hamper their growth potential.
A blaze in a pharma unit in Anakapalli district has claimed 17 lives, with preliminary investigations suggesting solvent leakage as a potential trigger. The incident occurred on Wednesday with no reported increase in the death toll since then, confirmed district Collector Vijaya Krishnan.
Coca-Cola India has named Greishma Singh as the new vice-president of marketing, taking over from Arnab Roy. Singh, who has been part of Coca-Cola for over 11 years, moves from her role of vice-president – customer and commercial leadership. A formal announcement will be made soon.
PGIM India Mutual Fund has launched the PGIM India Multi Cap Fund, an open-ended equity scheme investing in large, mid, and small-cap stocks. The NFO is open for subscription until September 5. Benchmarking against the Nifty 500 Multicap 50:25:25 TRI, it will be managed by Vivek Sharma, Anandha Padmanabhan Anjeneyan, and Utsav Mehta for equity, and Puneet Pal for debt investments.
Well, I know it has had a very solid sell-off and I mean, it has been a great market to short and that has been very enjoyed from a trading perspective. You have seen fairly weak demand if you are looking at the global picture, Eurozone certainly with China looking at the likes of the US.
ISRO's Chandrayaan-3 mission data supports the Moon's once molten state, suggesting it was covered in a magma ocean. Measurements from the Pragyan rover revealed uniform soil composition at the Moon's south pole, supporting the lunar magma ocean hypothesis, although the detection of magnesium raises new questions.
Brace Port Logistics’ SME IPO saw an impressive 600x subscription, showcasing strong investor interest. However, it didn’t make the top 10 SME IPOs by subscription this year. Here are the top 10.
