Shares of Reliance Infrastructure and Reliance Power plummeted after Enforcement Directorate (ED) raided Anil Ambani’s premises concerning a Rs 3,000 crore Yes Bank loan fraud. The ED’s investigation revealed irregularities in loan approvals and potential bribery. Both Reliance Infrastructure and…
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Walmart will soon introduce four AI super agents. These agents will assist customers, employees, suppliers, and developers. The aim is to enhance shopping and streamline operations. These agents will replace existing AI tools. Walmart hopes to boost e-commerce growth with…
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Anil Ambani’s Reliance Communications has been accused of loan fraud exceeding ₹14,000 crore, according to ED sources. SBI has labelled RCom and Ambani as “fraudulent” under RBI norms and plans to approach the CBI. Canara Bank was also defrauded of…
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Ahead of its IPO, Shanti Gold International secured over ₹108 crore from anchor investors like Societe Generale. The IPO, opening July 25, aims to raise ₹360 crore through a fresh issue of shares priced between ₹189 and ₹199. The funds…
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India’s burgeoning alcoholic beverage market, driven by a growing premium segment, is attracting global attention and trade deals. The India-UK FTA slashes import duties on whisky and gin, while similar agreements with the US and Australia are reducing tariffs on…
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Economists predict the Reserve Bank of India will maintain its repo rate at 5.50% in August, following a larger-than-expected cut in June. While subdued inflation allows for rate cuts, the strong economic growth of 7.4% provides the central bank room…
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