Author: Ansh Singh

New Delhi: Warren Buffett’s Berkshire Hathaway has made a significant move, selling its entire stake in Paytm’s parent company, One97 Communications, in a blockbuster deal. The transaction involved the sale of over 1.56 crore shares, comprising 2.5% of Paytm, with a total value of ₹1,370.63 crore at an average price of ₹877.29 per share. Intriguingly, Copthall Mauritius Investment and Ghisallo Master Fund LP seized the opportunity, acquiring substantial stakes in Paytm. Buffett initially invested in Paytm in 2018, holding a 2.6% stake valued at ₹2,200 crore, placing the fintech giant’s worth at $10–12 billion. Paytm, a leader in the fintech space,…

New Delhi: Tata Technologies is set to make waves on Dalal Street with its upcoming IPO on November 22, 2023. This IPO provides a golden opportunity for those who should have started trading the company’s shares in the unlisted market. However, the unlisted market for Tata Technologies has been ‘frozen’ since November 13, preventing share transfers after filing the red-herring prospectus. Unlike standard practices, Tata Technologies surprised analysts by implementing a lock-in on pre-IPO shares well before the allotment day. This move has disappointed some market participants, as there was no prior communication about the suspension of share trading or the…

New Delhi: Tesla’s Texas Gigafactory, where the cutting-edge Cybertruck is being produced, has faced challenges with worker safety, marked by unfortunate incidents such as explosions, concussions, and robot-related accidents. As Elon Musk gears up to roll out the first Cybertrucks to eagerly awaiting customers, reports reveal that 1 in 21 workers suffered injuries in 2022, based on Tesla’s submissions to the US Occupational Safety and Health Administration (OSHA). This massive car factory in Austin, integral to Tesla’s ambitious goal of selling 20 million vehicles annually, has witnessed risky incidents, including an explosion in the casting department and a worker being pinned…

New Delhi: Billionaire philanthropist Bill Gates recently shared an optimistic perspective on AI, asserting that it won’t replace humans but could pave the way for a three-day workweek. In a lively conversation with comedian Trevor Noah on the podcast ‘What Now,’ Gates envisioned a future where technology liberates us from excessive work, emphasizing that life is about more than just jobs. He highlighted the potential for machines to handle routine tasks, freeing up human labour for more meaningful pursuits. Gates drew parallels between evolving attitudes toward work, noting how a multi-job approach replaced the farming-centric mindset of previous generations. Contrary…

New Delhi: Tesla is attending a luxurious entry into the Indian market, expressing its eagerness to establish a state-of-the-art electric car manufacturing facility with a unique condition. The electric giant, led by the visionary Elon Musk, has approached the Indian government, proposing a game-changing investment of up to $500 million. The catch? A request for a favourable 15% concessional duty on imported vehicles during the initial two years of operations. Sources reveal that Tesla is ready to make this substantial investment if the Indian government extends this tariff benefit to cover 12,000 vehicles. The stakes get even higher, with the…

New Delhi: Mamaearth’s market performance soared to new heights as its share price surged by an impressive 20% on Thursday, hitting the upper circuit limit. This remarkable feat followed the release of the company’s Q2FY24 financial results, marking its inaugural quarterly report post-listing on the stock exchanges. The parent company, Honasa Consumer, reported a stellar net profit of ₹30 crores, doubling from the previous year, and witnessed a 21% growth in revenue, totalling ₹496 crores. In the competitive world of direct-to-consumer (D2C) unicorns, Mamaearth outshone its peers by achieving a remarkable 33% revenue growth in the first half of FY24,…

Mumbai: Big Bang Social, the premier creator ecosystem under the umbrella of Collective Artists Network, is excited to announce an innovative collaboration with Comscore, a renowned authority in media measurement and analytics. This partnership aims to reshape the realm of creator marketing by offering creators profound insights into the efficacy of their campaigns and a wealth of valuable resources to enhance their success. In a time when social media and digital content creation are undergoing unprecedented growth, having a comprehensive understanding of media consumption and audience intelligence is more crucial than ever. Big Bang Social is committed to offering brands the…

New Delhi: AS-IT-IS Nutrition, a trusted leader in the fitness and sports nutrition sector, takes great pride in welcoming Ravindra Jadeja, the celebrated Indian cricketer, to their distinguished brand ambassador lineup. AS-IT-IS Nutrition stands out for its commitment to delivering nutritional products in their most natural form, without any added fillers or additives. With a focus on authenticity, the brand offers supplements, including protein, mass gainer, vitamins, pre-workouts, superfoods, electrolytes, and amino acids, designed to suit the dietary choices and fitness goals of consumers. With a strong emphasis on consumer satisfaction and affordability, AS-IT-IS Nutrition is a go-to brand for…

New Delhi: Tata Technologies, a leading provider of engineering and digital services, experienced a remarkable debut in the stock market as its initial public offering (IPO) was fully subscribed within minutes of trading on November 22. This IPO, valued at Rs 3,042 crores, marks the Tata Group’s first public issue in over 19 years. Investors showed strong interest, with the offer being subscribed 5.11 times, reflecting the purchase of 23 crore equity shares against the available 4.5 crore. Notably, retail investors bid 4.2 times their allocated shares, while high-net-worth individuals (HNIs) subscribed 8.5 times, and qualified institutional buyers (QIB) bid…

New Delhi: Nestled within the upscale BKC Property, Asia Kitchen by Mainland China promises a dining experience steeped in sophistication with its distinctive interiors crafted by the visionary interior designer Misbah Kapdia of Design Konstruct. The restaurant has an inviting bar strategically positioned at the entrance. Illuminated by thoughtful lighting and adorned with captivating aesthetics, the bar provides a comfortable retreat for a truly memorable patron experience. Fashioned in a round shape with a blend of ply and oak veneer, it boasts arched designs, a granite top, and a stylish charcoal-coloured metal structure pipe rack with glass shutters. Profile lights…