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Karan Johar, Rahul Dravid and others love Swiggy's ‘highly lucrative’ IPO

Updated on Sep 25, 2024 08:59 AM IST

Rahul Dravid and Karan Johar are investing in Swiggy's pre-IPO shares, reflecting a trend among high-net-worth individuals diversifying into tech startups.

Swiggy's pre-IPO shares are attracting notable investments from celebrities including Madhuri Dixit and Amitabh Bachchan. The interest highlights a trend of high-net-worth individuals diversifying into tech startups, with Swiggy's ongoing innovation and strong market presence serving as key motivators for these investments.
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Pakistan to hold bidding for national airline on October 1: Report

Bidding for Pakistan International Airlines is set for Oct. 1. The government plans to sell 51% to 100% of the airline to address losses.

The auction for Pakistan International Airlines will occur on Oct. 1, as reported by Ary News. The government plans to sell a majority stake to address ongoing losses, following IMF reform suggestions, according to National Assembly official Farooq Sattar.(Reuters)
Published on Sep 25, 2024 08:16 AM IST
Reuters |

Hyundai Motor's $3 billion IPO- India's biggest- gets Sebi nod: October launch?

Hyundai Motor India Limited received Sebi's approval for a $3 billion IPO, set to be India's largest, surpassing LIC's $2.7 billion listing.

Hyundai Motor India has secured approval for a $3 billion IPO, aiming to be the largest in India. The offering, targeting an $18-$20 billion valuation, includes the sale of over 142 million equity shares to boost visibility and market presence.(Reuters)
Updated on Sep 25, 2024 08:07 AM IST

Sam Bankman-Fried's ex girlfriend Caroline Ellison gets two-year sentence

Caroline Ellison received a two-year prison sentence for her involvement in the FTX fraud case, significantly less than the potential 110 years.

Caroline Ellison, former chief executive officer of Alameda Research LLC, center, exits court in New York, US.(Bloomberg)
Published on Sep 25, 2024 07:50 AM IST
AFP |

Business News LIVE Updates Today September 25, 2024: Karan Johar, Rahul Dravid and others love Swiggy's ‘highly lucrative’ IPO

Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more.

Live live Latest news on September 25, 2024: Swiggy's pre-IPO shares are attracting notable investments from celebrities including Madhuri Dixit and Amitabh Bachchan. The interest highlights a trend of high-net-worth individuals diversifying into tech startups, with Swiggy's ongoing innovation and strong market presence serving as key motivators for these investments.(AFP)
Updated on Sep 25, 2024 08:55 AM IST

US accuses Visa of monopolizing debit card swipes, threatening merchants

Visa argues that their secure network and fraud protection are why businesses and consumers choose their services.

The US Department of Justice filed an antitrust lawsuit against Visa alleging the company illegally maintains a monopoly over debit card networks in the United States. (AFP)
Published on Sep 25, 2024 07:46 AM IST
Reuters |

Starbucks CEO Niccol says committed to "engage constructively" with workers union

STARBUCKS-CEO/LABOR (PIX):Starbucks CEO Niccol says committed to "engage constructively" with workers union

Starbucks CEO Niccol says committed to
Published on Sep 25, 2024 04:23 AM IST
Reuters |

FAA chief says Boeing safety culture reforms may take years

BOEING-AVIATION/ (UPDATE 2, PIX):UPDATE 2-FAA chief says Boeing safety culture reforms may take years

FAA chief says Boeing safety culture reforms may take years
Published on Sep 25, 2024 02:09 AM IST
Reuters |

Elon Musk, X seek dismissal of Don Lemon's lawsuit over canceled partnership

MUSK-LEMON/ (UPDATE 1, PIX):UPDATE 1-Elon Musk, X seek dismissal of Don Lemon's lawsuit over canceled partnership

Elon Musk, X seek dismissal of Don Lemon's lawsuit over canceled partnership
Published on Sep 25, 2024 12:12 AM IST
Reuters |

Sam Altman says superintelligence is coming: ‘Going to get so good, so soon’

OpenAI CEO Sam Altman predicts superintelligence may be achieved in a few thousand days, enhancing human capabilities and driving scientific breakthroughs.

Sam Altman, CEO of OpenAI, believes superintelligence could emerge in a few thousand days, significantly enhancing human abilities and enabling scientific advancements. He highlights AI's role in solving complex challenges and improving societal intelligence, transforming what is possible for humanity.(AFP)
Updated on Sep 24, 2024 03:30 PM IST

Should IPO investors trust GMP? Nilesh Shah says don't because…

Kotak Mahindra Mutual Fund's Nilesh Shah argues that reliance on grey market premiums for IPOs is misguided.

Nilesh Shah of Kotak Mahindra Mutual Fund criticizes the reliance on grey market premiums for IPOs. He proposes transforming the grey market into a regulated when-issued market to enhance price discovery and reduce misinformation.
Published on Sep 24, 2024 03:05 PM IST

Sebi investigates six local investment banks over handling of small IPOs: Report

Sebi plans tighter IPO regulations amid rising malpractice in small business offerings.

SEBI logo outside the regulators’s office.(HT photo)
Published on Sep 24, 2024 02:31 PM IST
Reuters |

Will there be a recession soon? CEO of biggest US bank JP Morgan says this

Jamie Dimon of JP Morgan warned about ongoing global inflation and recession risks, while praising the resilience of the US and India.

Jamie Dimon of JP Morgan acknowledged ongoing global recession risks while praising the resilience of the US and Indian economies. He indicated that geopolitical factors and everyday economic activities will influence future market trends more than interest rates.(Reuters)
Published on Sep 24, 2024 01:56 PM IST

AI-based investment product by Star Union to launch to beat large cap portfolios

The new insurance product is to outperform Indian large cap portfolios, which has become a challenge in general, mirroring western capital market trends

Standing from Left to Right: Subhra Tripathy, Principal at QuantumStreet AI, Hans Dekkers, General Manager, IBM Asia Pacific, Sandip Patel, Managing Director, IBM India & South Asia and Arindam Ghosh, Chief Technology Officer and Prashant Sharma, Chief Investment Officer of Star Union Dai-ichi Life Insurance.
Updated on Sep 24, 2024 02:08 PM IST

Layoffs: Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally

AkzoNobel announced a global cut of 2,000 jobs, over five percent of its workforce, to reduce costs and improve agility in volatile markets.

Cans of Dulux paint, an AkzoNobel brand, are seen on the shelf of a DIY retail store in Manchester, Britain.(Reuters)
Published on Sep 24, 2024 01:38 PM IST
AFP |

Elon Musk hates block feature on X. So, he brought this big change for users

Elon Musk's X has changed its block feature, allowing blocked users to view public posts. Previously, blocked users couldn't see profiles or followers.

Elon Musk's X is modifying its block feature so blocked users can view public posts. This shift comes as Musk argues for a stronger mute option, alongside new restrictions for livestreaming by premium users.(AP)
Published on Sep 24, 2024 01:04 PM IST

Lebanon crisis: Oil prices climb on Middle East tensions

Oil prices increased on Tuesday due to China's monetary stimulus and concerns over Middle East tensions affecting supply.

Smoke billows from the site of an Israeli airstrike on the Lebanese city of Baalbeck in the Bekaa valley in south Lebanon. Brent crude rose by 1.14% to $74.74, while US WTI climbed 1.31% to $71.29 amid fears of a looming hurricane impacting production.(AFP)
Published on Sep 24, 2024 12:54 PM IST
Reuters |

We’re focused on designing products for people, that solve problems: Jake Dyson

Dyson’s Chief Engineer talks about a research based approach to build products that tackle daily problems for users, refining product portfolio for India

The reason Jake Dyson is visiting India, is to underline the company’s push into the premium audio space. (Official photo)
Published on Sep 24, 2024 12:16 PM IST

China to add capital at big banks for 1st time in a decade: All you need to know

China plans to recapitalize its major banks for the first time in over a decade, addressing low margins, declining profits, and rising bad debt.

China will inject capital into its largest banks to combat low profits and rising bad debt. This initiative includes mortgage rate reductions and adjustments to reserve requirements, aiming to stabilize the banking sector and support economic growth amid ongoing challenges.(Reuters)
Published on Sep 24, 2024 12:15 PM IST
Bloomberg |

Samsung's 'no work, no pay' showcause notice to protesting workers: Top updates

Samsung India protests: Samsung Electronics' strike in Chennai reaches day 16 as the company warns striking workers of 'no work, no pay' policy.

Samsung India protests: Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near Chennai.(Reuters)
Published on Sep 24, 2024 12:09 PM IST

Levi Strauss warns of delay in reaching $10 billion revenue target: Report

Levi Strauss may delay its $9-10 billion revenue target. Despite plans for 100 new stores in 2024, net revenues remained steady at $6.2 billion.

The Levi Strauss & Co. label is seen on clothes in a store at the Woodbury Common Premium Outlets in Central Valley, New York, US. (Reuters)
Published on Sep 24, 2024 12:01 PM IST
Reuters |

Delaware court says Byju's defaulted on $1.5 billion loan, favours US lenders

Byju's has been ruled in default by Delaware court regarding a USD 1.2 billion loan. This ruling empowers US lenders to take legal action against Byju's.

Byju's crisis: The Delaware Supreme Court has upheld a ruling that Byju's defaulted on a USD 1.2 billion loan, validating lenders' claims. Byju's acknowledged the default, which has led to increased claims during ongoing insolvency proceedings against the company.(Reuters)
Published on Sep 24, 2024 11:22 AM IST
PTI |

Elon Musk praises Italy PM Giorgia Meloni: ‘Authentic, honest, truthful’

Elon Musk honored Italy's PM Giorgia Meloni with the Atlantic Council Global Citizen Award in New York, praising her authenticity and support for the EU.

Elon Musk celebrated Giorgia Meloni with the Global Citizen Award, highlighting her strong EU support. Meloni warned against unchecked migration and stressed the need for political control over AI to prevent global imbalances.(AP)
Updated on Sep 24, 2024 11:11 AM IST

JPMorgan's Jamie Dimon on India: ‘Can hit $7-trillion target by 2030'

JPMorgan CEO Jamie Dimon expressed optimism about India's growth, praising its financialization and infrastructure reforms.

JPMorgan CEO Jamie Dimon emphasized the importance of US-India economic relations and criticized over-reliance on China, advocating for diverse supply chains and better policies.(Bloomberg)
Published on Sep 24, 2024 10:50 AM IST

Gold Rate Today 24-09-2024: Check latest prices in your city

Gold And Silver rates Today: The price of 10 gm of 24 carat gold is Rs. 76333.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 96000.0/Kg in Delhi.

Gold silver image
Published on Sep 24, 2024 10:15 AM IST

Sensex crosses 85,000 for the first time, Nifty at fresh record high

Sensex and Nifty hit record highs for the fourth consecutive session, boosted by the Federal Reserve's rate cut.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Updated on Sep 24, 2024 10:11 AM IST

Melinda French Gates says she doesn't like being a billionaire because…

Melinda French Gates emphasizes the responsibility that comes with her wealth, estimated at $11-$13.5 billion.

Melinda French Gates discusses her wealth, viewing it as a responsibility rather than a burden. With a net worth of $11-$13.5 billion, she intends to focus on philanthropy for women and families, especially after resigning from the Gates Foundation and receiving additional funds for charitable work.(AP)
Published on Sep 24, 2024 09:58 AM IST

Laapataa Ladies on OTT: Where to watch India's official Oscars 2025 entry

Laapataa Ladies, directed by Kiran Rao, is nominated for the Oscars 2025. The film, which follows two brides who swap places, premiered at TIFF 2023.

Kiran Rao's Laapataa Ladies, nominated for the Oscars 2025, tells the story of two brides who switch lives. The film premiered at TIFF 2023 and is available on Netflix with subtitles in various languages.
Updated on Sep 24, 2024 09:22 AM IST
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OpenAI's news account on X hacked, sends posts on cryptocurrency

OpenAI is investigating the incident, which follows recent warnings about account takeovers affecting its employees.

OpenAI confirmed a security breach of its X account, where unauthorized posts solicited users for a fraudulent crypto token. This incident comes after internal warnings about recent account takeovers involving OpenAI staff and prior similar posts from related accounts.(Reuters)
Published on Sep 24, 2024 09:13 AM IST
Bloomberg |

Anil Ambani's son Jai Anmol Ambani slapped with 1 crore fine by Sebi

Jai Anmol Ambani faced a ₹1 crore penalty from Sebi for alleged irregularities in Reliance Home Finance, including approving ₹40 crore in unsecured loans.

The Securities and Exchange Board of India fined Jai Anmol Ambani <span class='webrupee'>₹</span>1 crore for irregularities in Reliance Home Finance, alleging he approved <span class='webrupee'>₹</span>40 crore in unsecured loans. Sebi asserted he misrepresented his involvement in the company’s operations.
Published on Sep 24, 2024 08:29 AM IST
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