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Founder Of Byju’s net worth was .1 billion a year ago, now it has dropped to…

Founder Of Byju’s net worth was $2.1 billion a year ago, now it has dropped to…

04 Apr 2024 12:24 PM IST

Byju Raveendran, a prominent figure in India’s startup ecosystem, experienced a dramatic reversal in fortunes over the past year. Once touted as one of the wealthiest individuals with a net worth of ₹17,545 crore ($2.1 billion), he graced numerous esteemed lists of the globe’s richest people. However, the recent release

Forbes World’s Billionaires List 2024: Mukesh Ambani tops in India and secures ninth position globally

04 Apr 2024 09:33 AM IST

According to the most recent “Forbes World’s Billionaires List 2024,” Mukesh Ambani, the chairman of Reliance Industries, is the richest Indian, with a fortune of $116 billion. Ambani has secured the ninth position globally among the wealthiest individuals. His wealth has witnessed a remarkable surge of 39.76 percent, propelling him

SBI predicts 15 percent growth in deposits for FY25; expects RBI rate cut only in Q3FY25

02 Apr 2024 12:34 PM IST

The State Bank of India (SBI) has disclosed its optimistic outlook for substantial growth in both deposits and credit for the fiscal year 2025. SBI projects deposits to increase at a rate of 14.5 per cent-15 per cent and credit to expand between 16.0 per cent-16.5 per cent in FY25,

PM Modi asks RBI to be ready for ‘a lot of work’ after Lok Sabha election 2024

02 Apr 2024 10:38 AM IST

PM Narendra Modi told RBI that that strengthening India's economic independence is necessary for protection from unfavorable world events.

Vistara cancels several flights after pilots protest over new pay structure

02 Apr 2024 09:49 AM IST

It has been reported that Vistara pilots are refusing to work as they oppose the new pay scale which is the same as that of Air India.

HAL Registers Double Digit Growth, record revenue of Rs 29,810 Crores for FY2023-24

01 Apr 2024 13:06 PM IST

HAL achieved its highest-ever revenue from operations, amounting to over Rs. 29,810 crores (provisional and unaudited) for the fiscal year ending on March 31, 2024, marking a notable double-digit growth of around 11 percent compared to the previous fiscal year’s 9 percent, with revenue reaching Rs. 26,928 crores. Despite encountering

Edelweiss CEO Urges Early Financial Planning for Kids

31 Mar 2024 13:58 PM IST

Radhika Gupta, the Chief Executive Officer (CEO) and Managing Director of Edelweiss Mutual Fund, offered insightful advice for parents initiating their children’s investment journey. Emphasizing the importance of early financial planning for youngsters, Ms Gupta advocates for parents to commence investing for their children as soon as possible. In a

Reliance acquires 26% stake in Adani’s power project

29 Mar 2024 12:56 PM IST

In a notable collaboration between two rival billionaires, Reliance Industries, led by Mukesh Ambani, has acquired a 26 percent stake in a power project located in Madhya Pradesh, owned by Gautam Adani, and has inked a deal to utilize 500 MW of electricity generated by the plants for captive use.

Indian stocks stand firm as US Central Bank hints at possible rate cut

21 Mar 2024 11:53 AM IST

Indian stock indices showed strength on Thursday following a global stock surge spurred by the US Federal Reserve’s decision to maintain its projection of three rate cuts this year during its latest monetary policy review. By 10:09 am, the Sensex stood at 72,724.62 points, 622.93 points or 0.86 percent, while

Flipkart valuation decreases by more than ₹41,000 crore

18 Mar 2024 10:17 AM IST

According to information derived from transactions conducted by its parent company Walmart in the United States, the valuation of the e-commerce giant Flipkart has experienced a decline, decreasing by $5 billion or approximately ₹41,000 crore since January 2022. As of January 31, 2024, Flipkart’s valuation is reported at $35 billion,

Domestic air traffic experiences 4.8 percent rise in February, reaching total of 126.48 lakh

16 Mar 2024 12:04 PM IST

Domestic air traffic increased by 4.8 percent year-on-year to 126.48 lakh in February, while over 1.55 lakh passengers experienced flight delays during the same period. In February, Air India’s market share rose to 12.8 percent from 12.2 percent, while IndiGo’s share slightly declined to 60.1 percent from 60.2 percent in

Notable accomplishments of Indian Railways in freight activities, railway track development, and revenue generation

16 Mar 2024 11:42 AM IST

In a notable achievement, Indian Railways has surpassed its previous freight business record by reaching 1,500 million tonnes (MT), as indicated by preliminary data released on March 15. The earlier best stood at 1,512 MT during FY 22-23. As of FY 2023-24, Indian Railways has witnessed a significant increase in

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