IT Startup Shuts Down Abruptly : CEO lays off 19 employees

19 employees unexpectedly lose their jobs as a tech startup shuts down due to lack of funds, sparking outrage and highlighting the volatile nature of the startup ecosystem.

Vodafone Idea in Talks for $2.9B Loans with SBI

Vodafone Idea is negotiating a 250 billion rupee loan to enhance its network competitiveness, led by State Bank of India, as India mulls relief on telecom dues.

AGI Greenpac Shares Plummet after Supreme Court Rejects acquisition

AGI Greenpac shares plummeted 19% as the Supreme Court rejected its resolution plan for Hindusthan National Glass & Industries Ltd, impacting their stock prices significantly.

Hyundai India's Profit Declines by 19% in Q3FY25

Hyundai Motor India Ltd reported a 19% YoY decline in its Q3FY25 consolidated net profit to Rs 1,161 crore, impacted by subdued demand and lower domestic sales and exports.

Amul Announces Rs 1 Price Cut on Milk Variants

Amul reduces one-litre milk pack prices by Rs 1, aiming to promote larger pack purchases amid rising costs, providing slight relief to households.

Market Awaits Tax Relief in Budget 2025

Market participants eagerly anticipate the Union Budget 2025 for potential relief measures like abolishing Securities Transaction Tax (STT) and raising the long-term capital gains (LTCG) exemption limit to boost retail investment amid foreign outflows.

Telecom Relief: 50% Interest, 100% Penalties Waived

Government may waive 50% of interest and 100% of penalties on telcos' AGR dues, providing over Rs 1 lakh crore financial relief and aiding Vodafone Idea the most.

PM Svanidhi Yojana: Loan Scheme for Street Vendors

Learn about the government's loan scheme for street vendors affected by COVID-19, offering loans up to ₹50,000 on timely repayment, with Aadhaar card being mandatory.

NPCI Extends Deadline for UPI Market Share Cap, Relief for PhonePe and Google Pay

NPCI has extended the deadline for PhonePe and Google Pay to comply with its 30% market share cap by two years, providing relief for the dominant UPI providers.

Small Business Growth Surges in India

Small businesses in India saw significant growth in employment and establishments from Oct 2023 to Sept 2024, indicating a strong recovery post-Covid-19.

RBI Governor Addresses Challenges Faced by Indian Economy

RBI Governor Shaktikanta Das acknowledges challenges of inflation and growth slowdown faced by the Indian economy and discusses the need for economic relief measures.

Transrail Lighting IPO Details Revealed

Transrail Lighting, a major player in India's power transmission sector, is set to launch its IPO on Dec 19, 2024, featuring a fresh equity issue of Rs 400 crore.

NBCC appointed to complete Supertech's stalled projects in four states

National Company Law Appellate Tribunal appoints NBCC to complete Supertech Ltd's 16 delayed projects in four states, providing relief to over 50,000 homebuyers.

Crypto Taxation Ruling: Capital Gains for Pre-2022 Sales

The ITAT in Jodhpur rules profits from crypto sales before 2022 are capital gains, offering tax relief. Insights on long-term holdings and impact.

Transrail Lighting IPO Details: Pricing, Dates, and Market Expectations

The Transrail Lighting IPO, with a price band of ₹410 to ₹432 per share, will open for subscription on December 19 and aims to raise ₹838.91 crore. Investors are optimistic with a grey market premium of ₹120.