MobiKwik, India’s leading digital payments platform, has created a significant buzz in the financial markets by achieving a staggering milestone with its Initial Public Offering (IPO). The IPO recorded an overwhelming subscription rate of 119.38 times, making it the second-most ...
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Amazon Exits Shoppers Stop with 54% Profit
Introduction On December 18, 2024, Amazon.com Inc., the American e-commerce giant, exited its investment in Shoppers Stop Ltd., an Indian retail chain, by selling its entire 4% stake through an open market bulk deal. This strategic move marked the ...
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Airlines Set to Break Records: Global Aviation Industry Poised to Earn $1 Trillion in 2024 for the First Time Ever
Global, 2024 — In a historic milestone for the aviation industry, airlines worldwide are projected to collectively earn over $1 trillion in revenue for the first time in history. This unprecedented figure marks a significant rebound from the tumultuous years ...
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Tech Giants Race to Lead the Mixed-Reality Market: Google and Samsung's Headset Development, and Boeing’s Recovery Post-Strike
Silicon Valley, USA / Seoul, South Korea / Chicago, USA — The technology landscape in 2024 is seeing seismic shifts as Google and Samsung intensify their efforts to develop mixed-reality (MR) headsets in direct competition with the already established giants ...
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India’s Looming Economic Crisis: Thomas Piketty’s Warning on Asset-Less, Ageing Population and Poor Health
New Delhi, India — A new report by renowned economist Thomas Piketty has raised alarm bells about India’s demographic future, warning of an impending economic crisis stemming from its ageing population, the lack of significant assets among large segments of ...
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Bank of America Under Investigation by US Senate Over Jeffrey Epstein Payments: What This Means for the Banking Giant
Washington, D.C., USA — In a shocking turn of events, Bank of America (BoA), one of the largest financial institutions in the United States, is now under investigation by the U.S. Senate concerning its dealings with Jeffrey Epstein, the disgraced ...
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India’s Economic Growth Slows to 5.4% in Q2 2024: A Deep Dive into the Economic Slowdown
New Delhi, India — India’s economy has slowed significantly in the second quarter of the fiscal year 2024, with GDP growth decelerating to 5.4%, down from 6.1% in the previous quarter. The slowdown, driven primarily by a contraction in the ...
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Elon Musk Surpasses $400 Billion Net Worth: A Historic Milestone Driven by Tesla and SpaceX Ventures
New York, USA — In a monumental achievement that has sent shockwaves across the global financial landscape, Elon Musk, the CEO of Tesla, SpaceX, and a string of other high-profile ventures, has officially surpassed a $400 billion net worth, making ...
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India’s Services Exports Surpass Goods Exports for the First Time: A New Milestone in Economic Growth
New Delhi, India – In a historic milestone, India’s services exports have exceeded goods exports for the first time in fiscal year 2024, marking a significant shift in the country’s trade dynamics. With services exports growing at an impressive 24% ...
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Akasa Air Secures $130-140 Million Investment from Azim Premji & Ranjan Pai Family Offices: A Strategic Boost to India’s Emerging Airline
Mumbai, India – In a significant development that promises to fuel Akasa Air’s ambitions to become a major player in India’s burgeoning aviation sector, the low-cost airline has secured a substantial funding boost of $130-140 million. This investment, in the ...