Medi Assist India Ltd has reported a decline in its profits for the recent quarter, citing increased acquisition-related expenses as a primary factor. The company’s financial performance reflects challenges in managing integration costs following recent expansion initiatives. Medi Assist reports a profit decline due to increased acquisition costs amid its expansion efforts in India’s health…
Mahindra & Mahindra has exited its stake in RBL Bank as Emirates NBD completes its acquisition, marking a significant shift in the bank’s shareholder structure. This development highlights strategic repositioning by Mahindra & Mahindra amid changing dynamics in the Indian banking sector. Mahindra & Mahindra exits RBL Bank as Emirates NBD acquires significant stake, reshaping…
India has initiated measures to block the use of China-linked satellites by its homegrown broadcasters as part of a broader effort to strengthen national security. This move addresses concerns over data privacy and geopolitical risks associated with Chinese satellite services in India’s broadcasting sector. India blocks China-linked satellites for domestic broadcasters to enhance security and…
The Reserve Bank of India has announced the maturity date for the Sovereign Gold Bonds (SGB) 2017-18 series, offering investors final redemption at prices reflecting over 300% returns. This update marks a significant milestone for gold investors who participated in the scheme during that period. RBI announces maturity date for Sovereign Gold Bonds 2017-18 series;…
JPMorgan Chase CEO Jamie Dimon spoke out against fears that artificial intelligence will lead to widespread job losses, offering a nuanced perspective amid growing concerns. He also praised Nvidia as a key player in AI technology during a recent industry discussion. JPMorgan CEO Jamie Dimon addresses AI job fears, praising Nvidia and emphasizing AI as…
Lenskart’s initial public offering (IPO) has drawn significant investor attention, raising questions about the allotment status, grey market premium (GMP), and anticipated stock listing date. This article details how investors can check their allotment status, the current GMP trends, and when the shares are expected to debut on the stock exchanges. Explore how to check…
State Bank of India (SBI) announced plans to list its mutual fund arm through an initial public offering (IPO) to unlock value and expand its business reach. This strategic move is expected to bolster SBI’s footprint in the asset management sector and attract significant investor interest. SBI announces plan to list its mutual fund arm…
Groww’s initial public offering (IPO), managed by Billionbrains Garage Ventures, has been fully subscribed by the second day of its opening. The strong investor response underscores growing market confidence in Groww’s business model and growth prospects. Groww IPO fully subscribed on Day 2 with strong investor interest, backed by Billionbrains Garage Ventures. Explore details on…
The distinction between a nominee and a legal heir often causes confusion regarding asset claims after a person’s demise. This article explains their differences, legal implications, and who ultimately holds the right to claim assets in India. Understand the difference between nominee and legal heir in India and who has the rightful claim on assets…
India’s services sector experienced a slowdown in growth during October 2025, marking the softest expansion in five months according to HSBC’s Purchasing Managers’ Index (PMI). The moderation was attributed to heavy monsoon rains disrupting operations and increased competition across key service industries. India services sector growth slows in October 2025 due to heavy monsoon rains…
