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Nvidia becomes world's most valuable company
short by Hiral / on Tuesday, 18 June, 2024
Nvidia on Tuesday overtook Microsoft to become the world's most valuable company. Shares of the chipmaker climbed 3.2% in mid-day trading, lifting the company's market capitalisation to $3.33 trillion. This comes days after Nvidia overtook Apple in terms of market value to become the second most valuable company. Nvidia stock has surged more than 170% so far this year.
read more at Reuters
Karnataka names BCG as consultant to 'unlock' budget potential
short by Medhaa Gupta / on Tuesday, 18 June, 2024
Karnataka government has appointed Boston Consulting Group (BCG) to boost revenue in a bid to fulfil the Congress' election guarantees, Moneycontrol reported. Additional Chief Secretary (Finance) LK Atheeq said the decision was taken to "unlock" the budget potential. "The goal is to raise more resources, better manage expenditures and plug leakages...without burdening the citizens," he added.
read more at Moneycontrol
Zee CFO Rohit Kumar Gupta resigns, Mukund Galgali named acting CFO
short by Mansi Agarwal / on Tuesday, 18 June, 2024
Zee Entertainment CFO Rohit Kumar Gupta has resigned from his position due to personal reasons, the company said in an exchange filing on Tuesday. Mukund Galgali, Head of Corporate Finance & Strategic Initiatives, has been promoted to the role of acting CFO. This comes amid several measures, including layoffs, announced by Zee in recent months to cut costs.
read more at NDTV Profit
Muttiah Muralitharan to invest ₹1,400 crore in beverages unit in Karnataka
short by Hiral / on Tuesday, 18 June, 2024
Former Sri Lankan cricketer Muttiah Muralitharan will invest ₹1,400 crore to establish a beverage and confectionery unit in Karnataka's Chamarajanagara. Initially planned with an investment of ₹230 crore, the project has now been revised to ₹1,000 crore, with plans to expand to ₹1,400 crore over a few years. Karnataka Minister MB Patil said 46 acres of land have been allocated.
read more at NDTV Profit
Wipro denies report of multimillion-dollar Standard Chartered deal
short by Mansi Agarwal / on Tuesday, 18 June, 2024
Wipro on Tuesday denied a LiveMint report that claimed it has won a multi-million dollar deal from Standard Chartered. "The news is based on rumour and speculation and we would like to categorically state that the information mentioned is inaccurate," the company said. The report claimed Wipro expects to gain over $50 million in annual revenue through the three-year deal.
read more at NDTV Profit
Vodafone to sell 10% stake in Indus Towers for ₹9,138 cr: Reports
short by Mansi Agarwal / on Tuesday, 18 June, 2024
Vodafone Group plans to sell about 9.94% stake in mobile tower operator Indus Towers on Wednesday for about ₹9,138 crore, media reports said. Vodafone could reportedly sell 26.8 crore shares at a price band of ₹310-341 per share. The telecom operator holds roughly 21% stake in Indus, while Bharti Airtel owns about 48% stake.
read more at NDTV Profit
Major PAN card misuse scam likely unfolding across India: Report
short by Hiral / on Tuesday, 18 June, 2024
A major PAN card misuse scam is likely unfolding across India, in which vulnerable groups such as the deceased, senior citizens, farmers, and students are being targeted, TOI reported. Several cases are being reported wherein people get tax notices worth crores for transactions not made by them. PAN holders are advised to check annual information statement (AIS) at periodic intervals.
read more at Hindustan Times
ixigo records 2nd-highest listing day gain among new-age startups
short by Mansi Agarwal / on Tuesday, 18 June, 2024
Travel aggregator ixigo recorded the second-highest listing day gain compared to other new-age startups. Shares of ixigo parent Le Travenues Technology ended at ₹161.99 on BSE on Tuesday, 74% higher than the issue price of ₹93. The highest listing day gain was recorded by Nykaa (78%), while Zomato stands at the third spot (66%), as per Moneycontrol data.
read more at Moneycontrol
Paytm appoints ex-SEBI official Rajeev Agarwal to its board
short by System User / on Tuesday, 18 June, 2024
Vijay Shekhar Sharma-led Paytm has appointed Rajeev Agarwal as a non-executive independent director. Meanwhile, the company also announced Neeraj Arora's resignation as a Non-Executive Independent Director. Agarwal, a former full-time member of SEBI, will join the board for a term of five consecutive years. Arora resigned from the Paytm board due to personal commitments and preoccupations.
read more at Indianstartupnews
Wipro, GBST partners to transform wealth administration services
short by System User / on Tuesday, 18 June, 2024
Indian technology company Wipro has partnered with GBST, a leading global provider of wealth management and advice solutions technology for the financial services industry. The partnership aimed at delivering end-to-end administration services for superannuation, wealth, and pension companies transitioning from legacy IT environments.
read more at Indianstartupnews
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