LIC Clarifies on Reports of Acquiring 50% Stake in ManipalCigna Public sector insurance giant Life Insurance Corporation of India (LIC) has issued a clarification regarding a recent media report suggesting its interest in acquiring a significant stake in ManipalCigna Health Insurance. The Economic Times had earlier reported that LIC was engaged in discussions to acquire ...
Sensex Crashes Nifty Below as Markets Slide Amid Geopolitical Tensions Mumbai, November 28, 2024 – Indian stock markets experienced a sharp decline on Thursday, with benchmark indices plunging significantly due to escalating geopolitical tensions and heavy profit booking. The 30-share BSE Sensex fell over 1,300 points, closing at 79,073.69, while the broader NSE Nifty slipped ...
Rakesh Jhunjhunwala – The Big Bull’s Tale of Dreams, Love, and Legacy Rakesh Jhunjhunwala’s story is one of grit, ambition, and an extraordinary rise from modest beginnings. Starting with just ₹5,000, he built a financial empire valued at over ₹40,000 crore, earning the moniker “India’s Big Bull.” Yet, beyond the staggering numbers and his unparalleled ...
Indian Rupee Hits Record Low: Causes, Impacts, Future Implications In recent days, the Indian rupee has witnessed an alarming fall, reaching a record low against the U.S. dollar. This depreciation of the Indian currency has not only concerned policymakers but also raised questions among investors, consumers, and global trade partners. Here, we examine the driving ...
The Adani Group’s Stand Against Hindenburg: Transparency or Tactics? The Adani Group, one of India’s largest conglomerates, has found itself at the center of a storm of allegations made by US-based short-seller Hindenburg Research. On a Sunday, Adani Group fiercely rebutted Hindenburg’s latest claims, labeling them as manipulative and malicious, crafted to drive personal profit ...
US Stocks sell off Nasdaq correction recession fears The U.S. stock market experienced a significant sell-off for the second consecutive session on Friday, with the Nasdaq Composite officially entering correction territory. This downturn comes in the wake of a disappointing jobs report that has heightened fears of an impending recession. The Labor Department’s latest report ...
