A series of wildfires in various cities in Japan have caused widespread destruction and forced thousands of residents to evacuate their homes. As of Thursday morning, the fires in Ehime and Okayama prefectures continue to rage, while a fire in Miyazaki City has mostly been contained. The total number of damaged buildings has reached 11 in Ehime and evacuations have been issued to over 7,000 people. In Okayama, 2,133 people have been forced to evacuate, while in Miyazaki, 70 households were able to return home after the fire was brought under control.
In a major move to revive the struggling telecom company Vodafone Idea (Vi), the Indian government has decided to convert an additional Rs 36,950 crore of the company's dues into equity, bringing the government's total stake in the company to nearly 49%. This follows a previous infusion of Rs 6,133 crore in equity in February 2023. With this takeover, the government becomes the single-largest shareholder in Vi and will continue to have operational control of the company. However, this decision has raised concerns about potential losses for taxpayers, as the government will have to acquire these shares at a premium of more than 47%.
The debut of Mubarak Coin on Binance, the world's largest crypto exchange, was met with unexpected results as the token crashed by 40% in just 24 hours. This sudden drop has sparked intense discussions among investors, with some seeing it as a normal correction and others fearing a larger shakeout. The token's listing on Binance was expected to boost its price, but instead, it triggered a sell-off by whales (large investors) taking profits, leading to panic selling. Some traders who hoped to ride the wave for huge profits in the futures market were left disappointed as insiders allegedly dumped large amounts of the crypto, further causing price declines. Technical indicators suggest that the selling pressure is likely to continue.
Fox News Network, LLC has announced new offers for both military members and first responders. These discounts will be available on their streaming service, Fox Nation, and can be accessed by contacting the online representatives or through the FAQ section on the network's website. This move comes amid the company's efforts to expand its audience and cater to different demographics.
In a major move to consolidate his influence, billionaire entrepreneur Elon Musk's AI venture xAI has acquired X, formerly known as Twitter, for a whopping $33 billion. This merger is expected to streamline the development of Musk's AI model, Grok, by combining xAI's advanced AI capabilities with X's massive reach. The all-stock transaction values xAI at $80 billion, solidifying Musk's diverse portfolio which already includes Tesla and SpaceX. Stay tuned for updates on how this acquisition will impact the future of AI and technology.
Audit firm S D Mehta & Co has revealed that there is no data available for any block deals in Shangar Decor Ltd, a miscellaneous industry company with registered headquarters in Ahmedabad, India. The main management team, including chairman Samirbhai Rasiklal Shah and company secretary Shubhangi Chaurasia, may face challenges as a result. The information has been sourced from reliable corporate and stock market data providers, but users are advised to seek professional advice before making any investment decisions.
With the price of gold constantly fluctuating, many investors are turning to Gold ETFs as a more convenient and cost-effective way to invest in the precious metal. In this article, we explore the top 5 Gold ETFs with the highest annualised returns in the past 10 years and analyze their performance since their debut in the market. Find out how a one-time investment of Rs 1,25,000 in each fund has fared over a 10-year period, with an expense ratio as low as 0.41 per cent.
Mother Dairy, one of India's leading dairy brands, aims to reach a revenue of Rs 20,000 crore by FY27 through the launch of new products and expansion into new markets. Its latest offering, a "pro" range of dairy products enriched with protein, aims to bridge the gap between Indian's protein intake and their daily requirements. The company plans to invest in expanding capacities and reducing dependence on Delhi-NCR in order to achieve its ambitious revenue target.
Byju Raveendran, founder and CEO of edtech company Byju's, has shared an emotional post on LinkedIn detailing the financial struggles and accusations facing the company. He accused EY India, GLAS Trust, and a court-appointed resolution professional of working against Byju's, leading to a $1 billion loan default. The company has also been accused of fraud and its valuation has dropped from $22 billion to $1 billion. Raveendran has promised to communicate directly with stakeholders and has hinted at future plans for AI-driven learning products.
In line with Prime Minister Narendra Modi's vision of 'Sahkar Se Samriddhi', the Indian government announced the upcoming launch of 'Sahkar Taxi', a cooperative-based ride-hailing service. Unlike existing services such as Ola and Uber, this new initiative will be managed by cooperative societies, allowing drivers to receive their full earnings without any deductions from intermediaries. This comes amidst allegations of unfair pricing by major ride-hailing platforms, with the Central Consumer Protection Authority issuing notices to Ola and Uber over complaints that ride fares differ based on the user's device. Both companies deny these claims.
Aditya Birla Sun Life Mutual Fund aims to promote the significance of starting a Systematic Investment Plan (SIP) through their new campaign Sabse Important Plan (SIP). The ad films showcase the dreams and ambitions of two individuals and highlight the importance of having a long-term investment plan to fulfill them. The campaign targets millennials looking for stable and reliable investment solutions for major life goals such as starting a business, traveling, or planning for retirement.