India's Enforcement Directorate (ED), the agency responsible for investigating financial crimes, has secretly requested that phone companies such as Apple and Xiaomi provide sales figures and accompanying documents. It is all part of a larger investigation into online retailers Amazon and Flipkart. The probe is centered on whether these firms have breached Indian laws that prohibit foreign e-commerce...
Rajasthan Royals were down and out in IPL 2025, having suffered five consecutive losses, including three unsuccessful run chases. So when they were asked to chase a daunting 210 against in-form Gujarat Titans, few expected them to succeed. But 14-year-old Vaibhav Suryavanshi, who earned the sobriquet 'Boss Baby,' had other plans. In just weeks of his 14th birthday, the teenage sensation shocked the...
The Ather Energy IPO got a lukewarm response from the investors in all categories on the first day of bidding. The IPO, which had opened on Monday, April 28, will close on Wednesday, April 30. Ather Energy is selling shares between ₹304 and ₹321 per share. Investors must apply for a minimum of 46 shares, and in multiples of the same after that. Through this IPO, the firm wants to raise ₹2,981...
Stocks of SML Isuzu Ltd, a truck maker, plunged to the 10% lower circuit at the opening bell on April 28 following Mahindra & Mahindra Ltd (M&M) plans to buy a substantial stake in the firm. M&M has agreed to take a 58.96% stake in SML Isuzu for Rs 650 a share, which is a total investment of Rs 555 crore, with a view to enhancing its truck and bus business. As per the agreement, M&M will...
HP India will start producing locally laptops, PCs, and all-in-one systems starting in May in association with Dixon Technologies. The company anticipates to almost double its production this year over the previous one due to the IT Hardware PLI scheme support, which it joined last year 2023. Despite the criticism of India's new import management regulations by the US, HP is optimistic about its India...
The US House Foreign Affairs Committee came down heavily on The New York Times for the way it covered the April 22 terror strike in Pahalgam, Kashmir, which killed 26 individuals—tourists for the most part—in which the committee took umbrage with the NYT's adoption of the term "militants" rather than "terrorists" as its headline and posted a revised version, deeming the strike "a TERRORIST ATTACK plain...
Escalating tensions between Pakistan and India have sent shudders through financial markets, triggering a sharp drop on the Pakistan Stock Exchange (PSX). The KSE-100 index plunged by 1,086.51 points during the course of the day to reach 116,139.63 by mid-morning on Thursday. The market response comes following rising diplomatic tensions after an April 22, 2025, terrorist attack on Pahalgam, India, took 26...
After investing in Indian debt for four consecutive months, Foreign Portfolio Investors (FPIs) have done a turnabout and withdrawn more than $2.27 billion in April—the largest monthly outflow since May 2020 and the first since November 2024. The selloff is prompted by global and regional pressures such as profit-taking in Asia and deteriorating external conditions, say analysts. A key reason is the...
Power Finance Corporation Ltd (PFC), a state-owned financial institution, has registered a complaint with Delhi Police's Economic Offences Wing (EoW) against Gensol Engineering Ltd. The complaint accuses Gensol of producing false documents. PFC stated that it's determined to secure its loan recovery and ensure transparency. In a statement issued on April 22, PFC made it clear that it never issued any...
Approximately 12 tourists were hurt in a horrific terror attack in Pahalgam, Jammu and Kashmir, on Tuesday. There are reports that there could be deaths, and special forces have been sent to the region. Early reports indicate that unidentified gunmen fired at a group of tourists who had gone there for a trekking expedition. An eyewitness, talking on the phone to PTI, reported that her husband was shot...