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In Short · U.S. Bribery Charges: The Adani Group and its chairman, Gautam Adani, face U.S. allegations of a $250 million bribery scheme to secure solar energy contracts, triggering legal and reputational challenges. · Political Fallout in India: Opposition parties, led by Rahul Gandhi, accuse the BJP government of cronyism and demand investigations, while the … Read more
The last standalone commercial flights of Vistara, India’s most respected full-service airline, occurred on November 11, 2024, as the merged entity marked the birth of a new air under a new banner of Air India. It, thus, saw the end of its decade-long journey in the Indian aviation space. A Decade of Excellence Vistara is … Read more
SBI Q2 Results: Strong Profit Growth Amid Improved Asset Quality and NII Surge State Bank of India (SBI) has reported a strong set of results for the second quarter (Q2) of FY25, showcasing impressive profit growth, robust Net Interest Income (NII), and enhanced asset quality. The performance reflects the bank’s strategic focus on improving its … Read more
Indian Rupee Hits Record Low Amidst Global Market Turbulence Post U.S. Election The Indian rupee has recently plummeted to an unprecedented low against the U.S. dollar, trading at 84.28 per dollar on November 6, 2024. This significant depreciation is attributed to a confluence of global economic factors, notably the aftermath of the U.S. presidential election, … Read more
Tesla Share Price Surges 14% as Donald Trump Claims Victory in 2024 U.S. Election Tesla’s share price witnessed a remarkable surge, rising 14% in the Frankfurt stock exchange on November 6, 2024, following Donald Trump’s claim of victory in the U.S. presidential election. The notable jump comes amid renewed market optimism, partly attributed to Elon … Read more
Swiggy IPO Opens: Price Band, GMP, and Analyst Insights for Investors Swiggy, one of India’s leading food delivery platforms, has launched its much-anticipated Initial Public Offering (IPO) on November 6, 2024. The IPO is set to close on November 8, 2024, offering investors a chance to participate in the company’s growth trajectory. This article delves … Read more