Category: Business
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Security Concerns Halt Chinese-Backed Hydropower Projects in Pakistan
In another dramatic turn of events post the dreadful suicide attack targeting Chinese nationals in Khyber Pakhtunkhwa province, two additional Chinese firms have halted their work on vital hydropower projects in Pakistan. Serenity within the region has been shattered by the recent attacks, compelling these companies to prioritize the safety of their personnel, which includes…
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Zee Entertainment Implements Major Cost-Cutting Measures
Zee Entertainment has embarked on a significant cost reduction strategy that includes terminating approximately half of its technology team employed at its innovation hub located in Bengaluru. The development surfaced soon after talks regarding a potential merger with Sony collapsed. In a press statement, the organization emphasized that these actions, orchestrated by the Managing Director…
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A Fractured Dynasty: The Singhania Family Feud Continues Amid Reconciliation Rumors
Vijaypat Singhania, the former chairman of the renowned Raymond Group, has publically denied any sort of reconciliation with his son Gautam Singhania. This clarification follows a recent social media post by Gautam, the current head of the textile group, displaying an image with his father that led to speculation about the two settling their long-standing…
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India and EFTA Seal Landmark Trade Agreement Promising Economic Growth and Accessibility
India has embarked on a decisive step forward in international trade by entering into a historical agreement with the European Free Trade Association (EFTA), which includes Iceland, Liechtenstein, Norway, and Switzerland. This move aims to escalate trade and investment efforts, fostering an environment where the economy thrives and consumers enjoy greater access to a variety…
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Future Strategy and Legal Battles: Zee Entertainment’s Push for Profitability and Growth
After the collapse of the highly anticipated merger with Sony and a consequent plunge in share price, Zee Entertainment Enterprises stands at a pivotal juncture, with managing director and CEO, Punit Goenka, at the helm charting a new course. No requests for a change in management have surfaced, demonstrating a steadfast confidence in the current…
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Indian Markets Hit Record Highs Amid Special Trading Session
During a notable special trading session on March 2, Indian benchmark indices, including the Sensex and the Nifty, reached record-breaking highs. Nifty opened tremendously at 22,400, while the Sensex soared to 73,982.12. The market activity was part of a special operation to evaluate the disaster recovery systems of the exchanges. The first half of the…
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Info Edge and Indian Startups Challenge Google’s App Store Policies
Sanjeev Bikhchandani, Founder and Vice Chairman of Info Edge India Ltd, called on India’s Competition Commission to address Google’s anti-competitive actions after the tech giant delisted five Info Edge apps: the Naukri app, Naukri Recruiter, Naukrigulf Job Search App, 99acres, and Shiksha from the Play Store. Jeevansathi app, however, remains available. Google’s sudden action came…
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Bulls Charge on Markets Amid Strong GDP and In-Line US Inflation Data
A surge in the Indian stock market marked a triumphant session as BSE Sensex leaped over 1,000 points, achieving a fresh record high of 73,574. The rally extended to the Nifty50, which also established a new zenith by surpassing the 22,300 threshold. This exceptional market performance was underpinned by the burgeoning market capitalization of all…
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Paytm’s Strategic Reorganization Amid Regulatory Challenges
On March 1, Paytm announced significant operational changes, revealing the board’s decision to end various inter-company agreements with its affiliate, Paytm Payments Bank Limited (PPBL), and to reform the Shareholders Agreement (SHA) for better governance. This follows the stringent restrictions imposed by the Reserve Bank of India (RBI) on January 31 over issues relating to…
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Patanjali Ayurved Under Scrutiny for Misleading Advertisements, While Patanjali Foods Unaffected
Patanjali Ayurved has been directed by the highest judicial authority to cease advertising or endorsing products that claim to cure diseases which they legally cannot claim to cure. The company, along with its prominent leaders, has been explicitly instructed not to make any allegations against other medical practices such as allopathy in any form of…
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India at WTO MC13: Asserting Interests Amid Global Uncertainty
The G33 group, including India, voices the need for a ‘meaningful outcome’ from MC13 on public stockholding, echoing the interests outlined in a joint proposal backed by over 80 countries. Confronted with the demands of modern trade, India reinforces the necessity of preserving special treatment for developing members and recognizing their non-trade concerns within agricultural…
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India Sets its Sights on Defence Self-Reliance and Manufacturing Prowess by 2028-29
India is charting a bold course in its defence sector with ambitions to achieve an annual defence production worth Rs 3 lakh crore by the fiscal year 2028-29. Defence Minister Rajnath Singh outlined the Modi government’s visionary goals, articulating a drive towards propelling India into a developed nation by 2047. India’s journey from a modest…
