BUSINESS
Wow! Momo Secures Rs 410 Crore in Latest Funding Round Led by Khazanah and OAKS
The funds raised will be utilized by Wow! Momo to fuel the growth and expansion of its QSR brand. Additionally, the company plans to invest in distribution, research and development (R&D).
Delhi Airport's Runway 29L CAT III Operational Starting Today, Announces Scindia
To address the challenges posed by fog, Standard Operating Procedures (SOPs) were issued to all airlines on Monday. Additionally, Scindia highlighted the implementation of directives from the Directorate General of Civil Aviation (@DGCAIndia), SOPs, and CARs (Civil Aviation Requirements).
Stock Markets Halt 5-Day Winning Streak Due to Profit-Taking in IT Stocks and Soft Global Cues
The Nifty also touched an all-time intra-day high of 22,124.15 before closing at 22,032.30, down by 0.29%. Over the last five days, the BSE benchmark surged by 2.76%, gaining 1,972.72 points, while the Nifty jumped 2.71%, adding 584.45 points. Both indices had closed at record highs on Monday.
Samsung Family Members Sell Shares Worth $2 Billion to Cover Inheritance Taxes
The shares were offloaded at 72,717 won per share in a block deal, resulting in reduced stakes in Samsung Electronics for the trio, now standing at 1.45%, 0.78%, and 0.7%, respectively, according to reports from Yonhap news agency.
Government Slashes Windfall Tax on Crude Petroleum
This adjustment comes into effect starting Tuesday and is implemented through the Special Additional Excise Duty (SAED).
WEF Annual Meeting 2024 Commences Amid Rising Concerns Over Conflicts, Climate Change, and Deepfakes
Kere, from Burkina Faso, received the award for his leadership in fostering a socially, economically, and ecologically sustainable future for the Gando community through education, health, and environmental projects.
Economic Optimism Doubles, but Tech and Climate Pressures Accelerate, Reveals PwC CEO Survey
Despite ongoing geopolitical conflicts, the percentage of CEOs feeling their companies are highly or extremely exposed to geopolitical conflict risk dropped to 18%, down 7 percentage points.
Nifty Surges, Now Three Times Higher Than the Covid Low of 7,511 in March 2020
While geopolitical developments often serve as triggers for market corrections, recent events like the Israel-Gaza war and ongoing skirmishes in the Red Sea have not significantly impacted crude prices or markets.
India's Merchandise Exports Increase by 1% in December 2023 Amid Global Economic Slowdown
During December 2023, the overall trade deficit narrowed to $5.17 billion from $7.75 billion in December 2022.
All Kinds of Preparations on For Swiggy's IPO: Co-founder
For its IPO process, Swiggy is reportedly working with seven investment banks, including Kotak Mahindra Capital, Citi, JPMorgan, Bofa Securities, Jefferies, and others. The move comes after Swiggy's competitor, Zomato, went public in 2021.
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