Mumbai, India – In a remarkable debut on the Indian stock markets, shares of MobiKwik, the leading digital wallet and payments platform, surged to the 20% upper circuit limit on their listing day, taking the company’s market valuation to new ...
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Brigade Enterprises Unveils Net-Zero Residential Project 'Citrine' with a Gross Development Value of ₹500 Crore: A Landmark in Sustainable Living
Bengaluru, India – Brigade Enterprises, a leading real estate developer, has announced the launch of its ambitious net-zero residential project, Citrine, marking a pivotal moment in the Indian real estate sector. The project, with a gross development value (GDV) of ...
Peyush Bansal, co-founder and CEO of Lenskart, emphasized the importance of selecting the right partners and investors over merely maximizing valuations.
Peyush Bansal, co-founder and CEO of Lenskart, emphasized the importance of selecting the right partners and investors over merely maximizing valuations. Speaking at the Bengaluru Tech Summit 2024, he noted that while high valuations may offer short-term benefits, sustainable growth ...
Switzerland has announced the suspension of the Most Favoured Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, effective January 1, 2025. This decision will increase the withholding tax on dividends from Swiss entities to Indian investors from the current 5% to 10%.
The MFN clause in tax treaties ensures that any favorable tax treatment extended to a third country is automatically applied to the treaty partner. However, a 2023 ruling by the Indian Supreme Court clarified that such benefits require explicit notification ...
The Securities and Exchange Board of India (SEBI) has recently proposed a framework to allow retail investors to participate in algorithmic (algo) trading through stock brokers. This initiative aims to democratize access to advanced trading tools, previously limited to institutional players, while ensuring market integrity and investor protection.
Key Proposals:Algorithm Approval: Each trading algorithm must receive approval from stock exchanges. Retail investors developing their own algorithms are required to register them with the exchanges. Order Tagging: Orders executed via algo trading will be tagged with unique identifiers, facilitating ...
Elon Musk Deepfake Video Promotes $20 Million Crypto Scam
A deepfake video featuring Elon Musk has gone viral, falsely promoting a $20 million cryptocurrency giveaway. The video, which appears to show Musk endorsing the giveaway, has raised serious concerns about the growing threat of digital scams and the misuse ...
Ronnie Screwvala, the co-founder of upGrad, has shared his insights on the transformative potential of Artificial Intelligence (AI) in India’s online education sector, while also addressing concerns about how the technology is being approached by professionals and entrepreneurs. In his interaction with Hindustan Times, he elaborated on both the opportunities and challenges AI presents for education and the entrepreneurial ecosystem in India
1. AI’s Role in Online Education: Personalized Learning Experiences: AI can revolutionize online education by providing highly personalized learning paths tailored to individual student needs, interests, and aptitudes. Increased Accessibility: AI-powered tools like chatbots and virtual tutors could make education ...
Zepto Reports Robust Revenue Growth, Narrowing Losses by 2% in FY24 Amid Improved Margins
Zepto, one of the leading players in India’s rapidly expanding quick-commerce market, has delivered a promising set of financial results for the fiscal year 2024 (FY24), despite ongoing challenges in the competitive e-commerce space. The company reported a significant 25% ...
Disney-RIL Merger Creates Media Giant in ₹70,352 Crore Deal: Combining Content with Cutting-Edge Technology
In a transformative move that will reshape the global entertainment and media landscape, Reliance Industries Limited (RIL) and The Walt Disney Company have announced their merger in a deal valued at ₹70,352 crore. This strategic merger will combine RIL’s technological ...
Anand Rathi Share and Stock Brokers Files Draft Papers for ₹745-Crore IPO with SEBI
Introduction Anand Rathi Share and Stock Brokers, one of India’s leading financial services firms, has taken a significant step towards going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The ...