Author: Ansh Singh

Mumbai: Holani Venture Capital Fund, a ₹ 300 crores SME focused fund launched on Apr 27th, 2024, at Jaipur and promoted by a renowned name in the investing realm — The Holani Group –  has received ₹ 184 crores till May 27th, 2024, one month of its launch. The Holani group forayed into the fund management and investment sector on receiving the Securities and Exchange Board of India (SEBI) approval for registration of its Alternate Investment Fund on Apr 3rd, 2024, enabling it to operate as an Equity Fund house. The green signal from the markets regulator enabled Holani Group…

New Delhi: Zerodha, India’s second-largest stock brokerage platform, experienced major technical problems this morning. Users had trouble logging into Kite Web, and the platform’s website was down. This happened at the same time as a big surge in the stock market, driven by exit polls predicting Prime Minister Narendra Modi’s government will win a third term in the 2024 Lok Sabha elections. The market rally saw the Nifty 50 index jump by 2.65% to 23,129.35 points and the BSE Sensex rise by 2.62% to 75,903.97 points. These are the biggest intraday gains since February 1, 2021. Exit Polls Boost Market…

Bengaluru: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, has achieved a historic milestone by setting a record in its total monthly sales. The company sold a total of 1,11,512 two-wheelers in May’24, as compared to 91,316 units during the same month last year, marking 22% year-on-year growth. Its domestic sales increased by 37% with 92,032 units sold during last month as compared to 67,040 units sold in May’23, thus breaking all past records. Meanwhile, the exports went down to 19,480 units in May’24 from 24,276 units in May’23. Speaking on the May’24 sales…

New Delhi: The much-anticipated coffee table book Economic Times Ascent captures the visual professional journey of icons and changemaker leaders who have excelled in recent years, celebrated in a grand unveiling ceremony graced by Bollywood star Raveena Tandon and others. Leading media house Economic Times launched its captivating coffee table book ET Ascent- Emerging Leaders 2024 on Tuesday 28th May 2024, in a grand ceremony held at the prestigious venue in Mumbai. This much-anticipated coffee table book showcases the professional journey of icons, personalities and changemaker leaders who have done exceptionally well in recent years in their respective fields. The…

New Delhi: The much-anticipated coffee table book Economic Times Ascent captures the visual professional journey of icons and changemaker leaders who have excelled in recent years, celebrated in a grand unveiling ceremony graced by Bollywood star Raveena Tandon and others. Leading media house Economic Times launched its captivating coffee table book ET Ascent- Emerging Leaders 2024 on Tuesday 28th May 2024, in a grand ceremony held at the prestigious venue in Mumbai. This much-anticipated coffee table book showcases the professional journey of icons, personalities and changemaker leaders who have done exceptionally well in recent years in their respective fields. The…

New Delhi: Cashaa, a prominent neo-bank in crypto businesses, announces that its Founder and CEO, Kumar Gaurav, has stepped down from his position. While Kumar has not yet disclosed his immediate plans, it is anticipated that he is preparing for even greater endeavours. Under Kumar’s leadership, Cashaa evolved from a Bitcoin startup into a major player in the banking sector for crypto and high-risk businesses. His departure marks the end of an era at Cashaa, characterised by groundbreaking innovations. This development comes as Cashaa strategically shifts its business model, discontinuing banking services for crypto and other high-risk businesses to focus…

New Delhi: Nvidia is close to becoming the world’s second-most valuable company, driven by the increasing use of AI technology. Apple’s value dropped to $2.92 trillion because of weak demand for its iPhones, losing the top spot to Microsoft. Meanwhile, Nvidia’s stock has tripled in value to $2.68 trillion due to high demand for its AI-focused chips. Nvidia’s potential to overtake Apple comes from its crucial role in AI, with its high-end chips powering many AI applications like OpenAI’s ChatGPT. This surge in demand has significantly increased Nvidia’s stock value over the past year, bringing it near Apple’s market value.…

New Delhi: The Indian IT sector is facing a downturn ahead of the upcoming election. Last week, Foreign Institutional Investors (FIIs) sold ₹7,754.40 crore worth of stocks, while Domestic Institutional Investors (DIIs) bought ₹14,935.15 crore worth. The Indian stock market lost nearly 2 percent over the past week, reversing the previous week’s gains. This drop happened due to the anticipation of election exit poll results, GDP data, the expiration of May futures and options (F&O), and continued selling by FIIs. However, mixed corporate earnings, positive monsoon forecasts, and buying by DIIs helped reduce the losses. The Nifty50 index dropped by…

New Delhi: Jamie Dimon, the CEO of JPMorgan Chase, shared his morning routine, highlighting how he keeps up with news from around the world. In an interview with the Wall Street Journal, Dimon described his early start and the newspapers he reads to stay informed about US and global events. “I wake up at around 4:35 am and go through five newspapers in a specific order,” Dimon said. He starts with the Washington Post: “I skim the Post because many people read it. I check the front page, interesting stories, the business section, and the editorials where smart people write.”…

New Delhi: On Friday, Japanese cryptocurrency exchange company DMM Bitcoin revealed that it had suffered from hack resulting in the loss of 4,502.9 bitcoins, equivalent to approximately $305 million. According to the crypto security company Elliptic, this incident ranks as the eighth-largest crypto theft ever recorded. DMM Bitcoin announced that it detected an “unauthorized leak of Bitcoin (BTC) from their wallet, and has since initiated an investigation while implementing measures to prevent further breaches. The exchange has also restricted certain services to enhance security, as per a machine-translated version of the company’s official blog, originally posted in Japanese. Customers were…