Author: News Desk

Adani Group has cancelled its Follow-On Public Offering (FPO) for Adani Enterprises following yet another day of losses for all of its group shares. Despite a lack of interest since the publication of the damning Hindenburg Research, which claimed that the company was engaged in a number of fraudulent activities, including stock market manipulation, the use of several shell companies, and numerous related party loans, the FPO was oversubscribed on the final day on Tuesday. https://youtu.be/PI-FMRv2EbQ Adani Group stated in an exchange statement that it will reimburse its investors for their money. Adani Enterprises lost 28.2 percent of its value…

https://youtu.be/QnQYG9jSxTs The Indian PUBG community has received some major news. A “Made in India” replacement mobile game called Indus has started pre-registration on Android now that the game has been banned. The first gameplay trailer for Indus Battle Royale, created by Pune-based studio SuperGaming, was just made available on Thursday (January 26). Indus is a smartphone battle royale game that is comparable to Epic’s Fortnite and the outlawed PUBG by Krafton. The video game has long been in development. It was designed to compete with the top titles in India, including Call of Duty, Apex Legends, and the PUBG reiteration…

Reliance Consumer Products (RCPL), the FMCG division and a wholly-owned subsidiary of Reliance Retail Ventures (RRVL), has formed a strategic alliance with Maliban Biscuit Manufactories, which is headquartered in Sri Lanka (Maliban). Through this agreement, Reliance will provide Indian consumers with a variety of biscuits.Reliance will now compete directly with Britannia Industries and Parle Products in the biscuit market, marking the company’s entry into that market. For the past 70 years, Maliban has been a household name in Sri Lanka thanks to its assortment of biscuits, crackers, cookies, and wafers. According to a release from RRVL, the company has increased…

Finance Minister Nirmala Sitharaman highlighted seven priorities in the last full budget of the Modi 2.0 government. A nation’s economic growth depends on entrepreneurship, and India currently has the third-largest start-up ecosystem in the world. https://youtu.be/cunBYpKayoc The centre will encourage the growth of start-ups and create employment opportunities, said Nirmala Sitharaman. These were some of the key points from the Union Budget 2023 that could impact the MSME and Start-up Sector: The government will set up an agriculture accelerator fund to encourage start-ups in rural areas. The finance minister also proposed to extend the benefit of loss on change of…

Aiming at the 100th anniversary of independence, the Union Budget presented by Finance Minister Nirmala Sitharaman, which envisioned India’s development till 2047, is hoping for the country’s youth, young entrepreneurs, farmers and the rural sector. The budget’s provisions serve as a guide for future growth for the following 100 years. Nirmala Sitharaman hopes to advance Industrial advancement in India through self-reliance and a new resurrection of the small and medium industrial sector through tax exemptions and customs duty reduction. She startled the middle class by proposing income tax exemptions under the new method. Economic Growth According to the Finance Minister,…

https://youtu.be/FutKnnju6oI In the budget presentation, the Finance Minister stated that the budget is the blueprint for development for the next hundred years. The PM Garib Kalyan Anna Yojana scheme will continue for one more year. All Antyodaya customers will benefit. Agriculture Accelerated Fund for Agri Startups, Rs 2,200 Crore Horticulture Package. One crore farmers will receive support to switch to organic farming. 6000 crore supplementary scheme for Fisheries sector and IT based development for Agriculture sector. Digitization will be implemented in 63,000 primary groups, National Digital Library for Children and Adolescents.Interest Free Loan to States, This is an interest free…

Special consideration for development of the agriculture sector in Union Budget 2023. Finance Minister Nirmala Sitharaman stated in the budget announcement that an Agriculture Accelerator Fund will be set up to promote Agriculture Start-ups. The Finance Minister said that the agricultural credit target has been raised to Rs 20 lakh crore by 2024 with a focus on Animal Husbandry, Dairy and Fisheries. The Government has also launched the National Monetization Pipeline with an Investment potential of Rs 9 lakh crore. Reservations for Agriculture Sector Digital public infrastructure for agriculture will be built as an open source, open standard and interoperable…

There are 10 international bridges that Startup India has with different countries with the object to help the startups get internationalisation and market access in other countries. This digital platform forms a kind of bridge between entrepreneurs who are provided with the technological infrastructure to manage joint projects. It is the basis for all future bilateral programs aimed at improving the startup ecosystem between India and other international countries. The main goals of the Startup Bridge platform: · Knowledge Exchange: Comprehensive guides and toolkits that will assist startups in both countries to evaluate expansion opportunities and technology transfers · Networking…

https://youtu.be/jPAH8Msa1ks The Maruti Suzuki Jimny unveiled at the Auto Expo 2023 is receiving positive responses from automobile enthusiasts. The five-door off-road lifestyle sports utility vehicle has received more than 3,000 bookings within two days. Bookings for the vehicle are open online on the company’s official website and offline at Maruti’s Nexa dealerships. One can book it for a token amount of Rs 11,000. The Jimny is powered by a 1.5 litre K-series naturally-aspirated petrol engine that gives 103 bhp and 134 Nm peak torque. The vehicle comes with the older K15B motor and transmission options include a 5-speed MT and…

The Adani Group and Hindenburg Research are intensifying their heated conflict. The corporation adopted a dramatic tone and referred to the New York-based research organisation as the “Madoffs of Manhattan” in response to Hindenburg’s assertion that Indian entrepreneur Gautam Adani has been responsible for the “biggest fraud in corporate history.” Adani claimed that the study by the activist short-seller was a “calculated attack on India” and its “growth story and ambition.” Never mind that Harry Markopolos, the analyst who unearthed Bernie Madoff’s Ponzi scheme that defrauded investors of up to $65 billion, had previously collaborated with Nathan Anderson, the inventor…