Blackstone,Temasek in Race to Buy IPL Champions RCB in $1.8B
Several global investment firms, including Blackstone Inc. and Temasek Holdings Pte, are reportedly showing interest in acquiring the Indian Premier League (IPL) champion Royal Challengers Bengaluru (RCB) franchise. RCB’s parent company, United Spirits…
Gold: The Next Shock, Can Prices Rise Even Further?
At a time when markets are already expecting gold prices to reach $5,000 per ounce, Bank of America (BoA) has raised its short-term gold price target to $6,000 per ounce. In a note to clients, Michael Hartnett, strategist at Bank of America, wrote:…
Tata Steel ₹890.52 Cr GST Demand Over Alleged ITC Issues
Tata Steel Limited has received a GST demand order amounting to ₹890.52 crore for the period from FY 2018–19 to FY 2020–21, relating to alleged irregular claims of Input Tax Credit (ITC). In addition to the tax demand, an equivalent penalty and…
First Time Ever: FIIs Worst Ever Selloff in Indian Equities
Foreign Institutional Investors (FIIs) are set to close 2025 with an unprecedented level of withdrawals from Indian equity markets. As of December 27, FIIs have sold shares worth ₹22,130 crore through the secondary market. This takes the total equity…
SFIO Probes IndusInd Bank Over Accounting Irregularities
The Serious Fraud Investigation Office (SFIO) has launched an investigation into the affairs of private sector lender IndusInd Bank under Section 212 of the Companies Act, 2013. The agency has sought relevant information from the bank’s management as…
Samsung Pulls Back IPO India: Focus Shifts to AI & Expansion
Samsung Electronics has reportedly withdrawn its plans to list its Indian subsidiary on the stock exchange. The company stated that it will now focus on accelerating the adoption of artificial intelligence (AI) across its products to boost sales in…
Zepto IPO: Quick Commerce Startup $500 Million Public Issue
Quick commerce (q-commerce) company Zepto is reportedly planning to file draft documents for its initial public offering (IPO) through the confidential filing route. After submitting its Draft Red Herring Prospectus (DRHP), the company aims to get listed…
H-1B Visa Holders in Distress Amid Interview Cancellations
Indian H-1B visa holders who returned to India this month to renew their work permits in the United States are facing severe difficulties, as visa interviews at U.S. consulates across India have been cancelled. As a result, many are now stranded in India…