William H “Bill” Gross stands out as a notable figure in the financial world, recognized for his accomplishments in the field of bond investments. He played a pivotal role in the establishment of Pacific Investment Management Company (PIMCO), a leading global investment firm with a focus on fixed-income investments. Given the moniker “Bond King”, Gross … Read more
New Delhi: The textiles ministry hopes to attract investments worth ₹95,000 crore and the expected fund flow will create about 2.25 million new job opportunities in the next 4-6 years, according to a senior government official on Friday. The ministry expects ₹25,000 crore investments under the Production Linked Incentive Scheme (PLI) and another ₹70,000 crore … Read more
New Delhi: The government’s keenness to promote rooftop solar installations comes through in the interim budget. Addressing a press conference after the budget, union finance secretary T.V. Somanathan said: “There is a provision of ₹10,000 crore for rooftop solar in the budget.” The move is expected to boost the ambitious goal of 500 gigawatts (GW) … Read more
Paytm share price witnessed a 5% decline, reaching its lower circuit at ₹406.1. Despite Vijay Shekhar Sharma’s resignation as part-time non-executive chairman and board member at Paytm Payments Bank, investors remained unsettled. The scrip declined today after hitting 5 percent upper circuit for two consecutive trading sessions. Also read: Lok Sabha elections: Nifty 50 rallied … Read more
Following the price cuts, Tiago has become the second cheapest electric car in India, just behind the compact MG Comet, which starts at ₹6.99 lakh. These price cuts have made electric cars more affordable for Indian consumers, especially since the high upfront cost on electric vehicles (EVs) can be a deterrent for those looking to … Read more
Amazon.com founder Jeff Bezos, Nvidia and other big technology names are investing in startup Figure AI that develops human-like robots, Bloomberg News reported on Friday, citing people with knowledge of the situation. Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding round that carries a pre-money valuation … Read more
India is on the cusp of change, having transformed to become the fifth largest economy in the world and is gradually moving towards being in the top three. Our economy is uniquely diverse and rapidly growing; this is powered by infrastructure, manufacturing, information technology and services sectors. A key strength is our sizeable domestic market, … Read more
Amid heightened competition in the telecom sector, raising funds is crucial for Vodafone Idea Ltd’s (VIL’s) survival. However, investors were visibly disappointed after the company announced that the board of directors had approved a fundraise of up to ₹20,000 crore through equity or equity-linked instruments, causing VIL’s shares to plunge almost 14% on Wednesday. What … Read more
Kotak Mahindra Bank hikes fixed deposit rates: Kotak Bank has recently raised its fixed deposit interest rates across various periods. With the latest adjustment, the bank now offers rates ranging from 2.75% to 7.40% for regular customers on deposits maturing in seven days to ten years, effective from February 27, 2024. Previously, Kotak Bank provided … Read more
Google parent Alphabet’s CEO Sundar Pichai is likely to be fired or will resign soon amid the Gemini debacle — as he should, believes Helios Capital founder Samir Arora. Replying to a user on social media site X (formerly Twitter), who asked for Arora’s opinion on the controversies surrounding Google worldwide released AI chatbot Gemini, … Read more