Author: Chahat Shrivastava

In a recent occurrence that left everyone stunned, the Reserve Bank of India (RBI) received an email bomb threat, in Russian. This led to an instant reaction from the authorities of the Mumbai Police where a case was reported and further investigation started. The email, which was said to have been sent to the RBI official website, has sparked a lot of concerns over the security of one of India’s core financial institutions. Details of the Threat The email, which was typed entirely in Russian, allegedly contained a clear threat to detonate the bank. This alarming message has received a…

The Indian business organization owning IndiGo Airlines also called InterGlobe Aviation set a record high after announcing the best Q3 FY24 results. This stock increased by more than 5% in a session proving that there is conviction in its stocks because of the operational performance and its strategic plans. Key Stats & Growth Metrics IndiGo maintained its growth trajectory in the reporting quarter of Q3 FY24 and registered a net profit of ₹2,998.12 crore, up 111% from ₹1,422.6 crore in Q3 FY23. The total operating revenues climbed at a higher YoY rate of 30.3%, touching ₹19,452.15 crore level due to…

Anticipating a cabinet expansion shortly in Maharashtra, reports of Deputy Chief Minister Eknath Shinde’s reported displeasure over the distribution of important portfolios has emerged. While both the Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar had gone to New Delhi on December 11, Shinde chose to remain back which only added to speculations of lack of harmony in Mahayuti alliance. Portfolio Disputes The Bharatiya Janata Party (BJP) is expected to retain the crucial Home Department, which Shinde has been keen to get since he was sworn in as the Deputy Chief Minister. This issue has raised tension between…

Mr. Piyush Goyal, The Indian Union Minister of Commerce and Industry anticipated political direction to formalize the Free Trade Agreement between the India & EU. They are negotiating an FTA that can be mutually beneficial and make commercial sense in the two regions. During a meeting with a delegation from the European Commission, Goyal specified that while achieving a broad trade deal is the goal, it is also essential to deal with existing issues of concern. Progress on Negotiations The negotiations have been held in nine cycles up to now, and the latest cycle was held from September 23 to…

A Bengaluru-based 34-year-old IT professional named Atul Subhash’s lifeless body was recovered from his residence on Monday. Police believe that Atul killed himself and left a 24-page suicide note claiming that his wife and her family were harassing him and blamed his suicide on legal problems. Atul was originally from Uttar Pradesh and lived in Manjunath Layout, which falls in the Marathahalli police station jurisdiction. He used to work for a private firm as a senior executive in Bengaluru and after separation from his wife, he was living alone. Details from the Death Note The note found in his house…

Birth-right citizenship ensures that anyone who is born in the United States of America becomes an American by default. This policy is based on the 14th Amendment and affects children of illegals and kids born to parents with a temporary permit to be in the country. While Trump and critics in general say that people are putting the system to their advantage, equal rights activists assert that it is a constitutional provision. Donald Trump has said that he will end birthright citizenship in the United States once he enters the presidency on January 20. In an interview at NBC’s Meet…

The share price of ITI Limited skyrocketed by approximately 42% in the last three days. The stock increased by almost 10% on December 10 to hit a record high of ₹404 on the NSE. From its previous close of ₹368.10, it opened at ₹385 and went on to touch an intraday high of ₹404. By 10:30 AM, it was at ₹395.40, higher by 7.42%. During this period the market capitalisation of the company crossed ₹38,000 crore. This incredible rebound comes after a lift of 15% on a Monday and more than 13% on the prior trading session. About ITI Limited…

Scholars have noted that the National Stock Exchange (NSE) remains the favorite for options trading after SEBI resorted to some changes in the futures and options (F&O) market. The new regulations are effective in preventing and controlling excessive retail speculation and impending market stability and fluctuations; they have therefore made trading activities more dynamic. Key shifts in trading volumes were observed after the reforms: Reasons Behind the Changes Akshay Chinchalkar, Head of Research at Axis Securities said these changes were due to “a reduced number of instruments and expiration options, higher margins due to increased minimum contract values, and the…

The Cyclone Fengal has flooded several parts of Tamil Nadu and vast properties have been destroyed as many cars were pulled out of water in the Uthangarai village of Krishnagiri district. Meanwhile, Prime Minister Narendra Modi spoke to Chief Minister MK Stalin and assured full support in dealing with the impending calamity, as per the sources. Stalin, however, did not seem satisfied with the response of the Centre on the issue and lamented the fact that parliament was not discussing its impact. “MPs were not allowed to address Cyclone Fengal. We are fulfilling our responsibility by assessing damages and sending…

Being listed during a global financial period in 2009, had you invested in Wipro shares at ₹50 per share then, your investment would have regularly received bonus shares and therefore grown majorly to more than ₹5 lakh in approximately 15 years of investment. Wipro’s shares turned ex-date for a 1:1 bonus issue on December 3rd, 2024. It will be followed by an issue of new bonus shares to shareholders who own a share on this specific date. In this, the company will issue one bonus share for every share held. The bonus issue that was declared during the Q2 FY25…