Mumbai: In one of the strongest orders against misleading financial advice, the Securities Exchange Board of India (SEBI) has issued an order against Avadhut Sathe and his firm Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL), impounding ₹546 crore from the firm. In a 125-page order passed following a detailed probe in FY24, the SEBI has accused Avadhut Sathe and his academy of sharing trading tips, despite warnings issued in March 2024. The order, issued on December 4, is aimed at cleaning up the finfluencer ecosystem, where unregistered investment advisors offer misleading advice to thousands of investors with the hope of…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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India’s airports are witnessing chaotic scenes as almost 300 IndiGo flights have been cancelled across the country. Thousands of passengers across the country have been waiting to hear back from the airline for the next course of action, even as the airline staff struggle to deal with the chaos. The trigger IndiGo has been facing two big challenges at once- both due to developments beyond its control. Last week, Airbus grounded almost half of the A320 fleet worldwide to undergo urgent software updates to address vulnerabilities in its flight control systems. For IndiGo, this has meant taking almost 385 planes…
Mumbai: Zaggle Prepaid Ocean Services Ltd, an expense-based fintech player, has announced its intention to acquire 100% of Rivme Technology, with an investment of ₹75 crores. The company, which operates under the brand name Rio.Money is an emerging company with established domain knowledge in UPI and has also forayed into the consumer credit card market. For Hyderabad-headquartered Zaggle, 2025 has been a fairly memorable year, with Rivme being its fifth acquisition this year, after buying travel and corporate rewards company Greenedge Enterprises for ₹25 crore, spend management service provider Dice Enterprises for ₹123 crores, a controlling stake in software billing…
Mumbai: Kimberly-Clark India has been recognized as one of the Best Companies to Work for in Asia at the prestigious HR Asia Awards 2025, reinforcing its commitment to building a workplace where Performance = Care. The company was also honoured with the Most Caring Company Award, celebrating its dedication to employee well-being, inclusion, and a culture anchored in care. The awards were received in Singapore by the leadership team representing Kimberly-Clark India. The recognition highlights the company’s continued focus on people-first policies, leadership excellence, and a purpose-driven culture. Speaking about the achievement, Rahul Asthana, Vice President and Managing Director, Kimberly-Clark…
Bangalore: Domestic defence equipment major Kavveri Defence and Wireless Technologies has successfully designed a fully indigenous dual-polarised, high-grain antenna system for use in highly advanced military drones. Built entirely in-house, the advanced system has been developed to meet the emergency requirements of the Armed Forces, which until now, depended on a North American supplier for the same. The system is designed to meet the specific requirements of the armed forces, which include a ruggedised, compact design engineered to perform well in harsh field environments. Kavveri Defence has been a long-standing supplier of antenna and related equipment to the military, and…
New Delhi: The blockbuster weight loss drug Ozempic is all set to get an Indian generic variant, with the Delhi HC refusing to stop Dr Reddy’s from exporting a generic version of the drug. Novo Nordisk had patented Semaglutide, the molecule behind weight loss and diabetes management drugs like Ozempic, Wegovy and Rybelsus, in March 2006, with the patent expiring in March 2032. But Novo Nordisk’s patent is treated differently in different countries. In India, the patent is set to expire in March 2026, due to differing patent treatments in India and the US. What the court said According to…
Bengaluru: Leading IT services firm Mphasis aims to foster innovative solutions to common challenges through its Sparkle Innovation Program. Under this, Mphasis will provide technical mentorship, market-strategy support, and global-market access to selected startups, academic institutions and research partners. Earlier, Mphasis collaborated with Edgeable AI, Perpetuuiti Technosoft, QuoQo and SuperBryn AI to help them refine their offerings and connect them with enterprise clients worldwide. The key focus areas include IT resilience and automation, AI-led contract management, voice-based AI operations, and Edge AI. The company is also looking to continue collaborating with Nasscom for its InnoTrek 2025 initiative, selecting promising startups…
Surat: The Surat Cyber Crime Cell has arrested a city based man after investigations revealed his involvement in an international network of cyber fraudsters accused of siphoning off Rs 21.55 crore by luring victims with promises of quick, high returns through cryptocurrency trading. Investigations found that Vikas Kumar Bishnoi was part of a gang that enticed people to invest in cryptocurrencies with the false promise of doubling their investments. The Police have recorded transactions worth ₹21.55 lakh made in various instalments to various bank accounts, after Vikas enticed them to pay through a fraudulent crypto trading application. According to the…
Mumbai: Gautam Adani-led Adani Enterprises aims to expand the capability at its airports by raising almost $15 billion, 70% of which is expected to be debt. Adani Airport Holding Limited (AAHL), currently manages seven airports- Ahmedabad, Thiruvanthapuram, Guwahati, Jaipur, Mumbai, Mangalore and Lucknow and is all set to welcome passengers at the upcoming Navi Mumbai airport, aims to upgrade their capacity due to surging demand. Under Gautam Adani, AAHL has emerged as the leading airport operator in India in record time, starting with the acquisition of the Mumbai airport from Hyderabad-based GVK Group in 2020. Following that, the company won…
Mumbai: Small town-focused e-commerce platform Meesho’s ₹5,421 crore IPO is all set to open today, December 3 and run till Friday, December 5. Through the IPO, the company will issue fresh shares worth ₹4,250 crore along with an Offer For Sale (OFS) component of ₹1,171 crore. As per its Red Herring Prospectus (RHP), the company aims to use the proceeds to invest in cloud infrastructure and machine learning in order to enhance its offerings, leveraging the power of AI. Besides that, Meesho also aims to fund inorganic growth, and finance other strategic initiatives. The secret sauce to Meesho’s rise? A…
