India’s average cost of a data breach hit a record high of Rs 17.6 crore (about $2.2 million) for the fiscal year 2022, according to the IBM Security Data Breach Report of 2022. Technology has caused an unprecedented level of digitalization, which is changing sectors all over the world. But this quick digitization has also … Read more
The investment strategies of Foreign Institutional Investors (FIIs) have undergone notable modifications as a result of the large sell-offs made in the auto, FMCG, oil and gas, and power sectors and the shift towards purchases in the banking, construction, and telecom sectors. In the second part of May, FIIs sold power worth Rs 2,250 crore, … Read more
Following a big electoral setback for Modi’s party, Russian President Vladimir Putin talked with Indian Prime Minister Narendra Modi on Wednesday. In order to lead for his third term, which begins on Saturday, Modi now needs the backing of allies in the area. Modi’s Loss in the Election : 1. The legislative majority was lost … Read more
To make it easier to obtain thorough information about the Indian fintech industry, the Reserve Bank of India (RBI) has established a fintech repository. Data about different finance businesses, their business models, and technology use cases will be included in this repository. In addition, RBI chairman Shaktikanta Das unveiled the Retail Direct Mobile App, the … Read more
Dunzo has been temporarily shielded from further insolvency proceedings by the National Company Law Tribunal (NCLT) after being given a two-week extension to settle its debt with Betterplace Safety Solutions. Dunzo is having financial difficulties, as seen by several bankruptcies, late vendor payments, and delayed salary. The Decision of NCLT and Its Consequences : The … Read more
Nazara Introduction : A block deal involving 48.84 lakh shares of Nazara Technologies, representing a 6.38 percent stake, occurred on May 27. Promoter Mitter Infotech sold the shares to Plutus Wealth Management, a pre-IPO investor since 2020. Impact of the Deal and Share Price Surge : Following the block deal, Nazara Technologies experienced a … Read more
Jio Financial & BlackRock form 50:50 joint venture for wealth management & broking in India. Previous agreement in July 2023 laid foundation; $150 million investment from each entity. Venture aims to establish wealth management and brokerage companies in India. Focus on digital-first solutions to democratize investment access for Indian investors. Launch subject to regulatory approvals; … Read more
Sensex and Nifty start positively, fueled by gains in heavyweight stocks. Investors await US inflation report and Q4 earnings season. Analysts forecast further upside potential but caution against aggressive positions. Broader indices outperform benchmarks; Nifty Metal and Oil & Gas sectors surge. Vedanta leads Nifty Metal gains post-upgrade by CLSA. Global markets await US inflation … Read more
Ramco Systems partners with Korean Air for engine MRO support. Deal involves implementation of advanced aviation software. Korean Air’s new MRO facility in Unbuk to benefit from the partnership. Ramco’s solution aims to streamline operations and boost efficiency. Stock surges by 18%, trading volume significantly higher. Ramco Systems sees a significant increase in market share … Read more
Crude oil prices surge due to geopolitical tensions, potentially surpassing $100 per barrel. Elon Musk faces inquiry over social media actions, impacting his business operations. Federal Reserve maintains non-partisan stance in setting monetary policy, ensuring long-term economic stability. Canada announces $1.77 billion investment in AI sector, aiming to bolster innovation and competitiveness. India emerges as … Read more