Business
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India News
SpiceJet Raises Rs 3,000 Crore for Massive Fleet Expansion
SpiceJet is gearing up for an ambitious expansion plan, with CEO Ajay Singh revealing the airline’s intention to add 75 new aircraft to its fleet within the next two years. The expansion will be fueled by the recent Rs 3,000 crore raised through a Qualified Institutional Placement (QIP), a strategic move aimed at strengthening the airline’s operations. According to Singh,…
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Business
Karnataka’s Pride Soars: Mysore Sandal Soap Shatters Records with Historic Sales and Production Figures
Bengaluru: In a landmark achievement, Karnataka Soaps and Detergents Limited (KSDL), the manufacturer of the iconic Mysore Sandal Soap, has crossed unprecedented milestones in production and sales for November 2023. The news was shared by Karnataka Minister MB Patil, highlighting the company’s remarkable success without any additional investment, solely driven by improved efficiency. According to the minister’s tweet, KSDL achieved…
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Business
Network18 and TV18 Consolidate in Mega Merger Deal
MUMBAI: Network18 Media & Investments Ltd and TV18 Broadcast Ltd have unveiled a strategic scheme of arrangement, marking a pivotal moment in the media industry. According to the announcement, TV18 and E18, the entity behind the renowned Moneycontrol website and app, will undergo a merger with Network18. The primary objective of this move is to streamline the TV and digital…
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Business
S&P Global Forecasts India’s GDP Growth to Reach 7% by 2026
A recent report by S&P Global suggests that India is on track to become the third-largest economy by 2030, with its GDP expected to grow from 6.4% in 2023 to 7% in 2026. Currently, India is the fifth-largest economy globally, following the US, China, Germany, and Japan. S&P predicts that India will be the fastest-growing major economy in the next…
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Business
“India’s GDP soars with 7.6% growth: Discover the driving force behind the fastest-growing major economy”
India’s economy experienced a 7.6% growth in the September quarter of this fiscal , largely due to better performance in manufacturing, mining, and services sectors. The GDP expanded by 6.2% in the July-September quarter of 2022-23, making India the fastest-growing major economy. The agriculture sector’s GVA growth decelerated to 1.2% in the September 2023 quarter, while the construction sector saw…
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Business
Infosys co-founder Narayana Murthy’s Call for Three Shifts in Infrastructure Sparks Debates on Work Patterns
Bengaluru: Infosys co-founder NR Narayana Murthy has stressed the urgency of prioritizing infrastructure projects and advocated for the implementation of three working shifts instead of one, reported various media houses. According to the reports, Murthy emphasized the need for the completion of the Electronics City Metro in Bengaluru and its expansion to areas densely populated with companies. Speaking at the…
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Business
Tata Technologies’ Phenomenal Debut: Soars 140% in Blockbuster IPO Listing
Tata Technologies, the subsidiary of Tata Motors, made a stellar market debut on Thursday, soaring to a 140% premium over its issue price of ₹500. The stock opened at ₹1,200 on the NSE and ₹1199.95 on the BSE, marking the best listing since November 2021 for an IPO size exceeding ₹500 crore. The ₹3,042.51 crore IPO, the first from the…
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Business
LIC’s New Insurance Policy Arrives in the Market: LIC Jeevan Utsav
Mumbai, India – Life Insurance Corporation of India (LIC), the country’s leading insurance provider, has all set to launch its new Jeevan Utsav insurance plan (LIC Jeevan Utsav), offering policyholders a guaranteed 10% benefit in ten years. This comprehensive plan is designed to provide financial security and flexibility to meet diverse financial protection needs, said a source. According to the…
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Business
Gold Investment Strategies for Smart Portfolios and Financial Growth
Gold, a timeless symbol of wealth and prestige, has captivated humanity throughout history. Beyond its aesthetic allure, gold stands out as a significant financial asset, drawing investors seeking diversification and a safe haven for their wealth. The Allure of Gold Historical Significance Gold’s presence in human societies dates back millennia, evidence of its use as currency and adornment found across…
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World News
Charlie Munger, business ally of renowned U.S. investor Warren Buffett, dies
New York- USA: Charlie Munger, the longtime companion and business ally of renowned U.S. investor Warren Buffett, passed away on Tuesday at the age of 99, as confirmed by his employer. Berkshire Hathaway, where Munger held the position of vice chairman under Buffett for decades, released a statement stating they were informed by Munger’s family members of his peaceful demise…
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