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  4. Abha Raverkar
Abha Raverkar
Abha Raverkar
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Abha Raverkar is a post-graduate in economics from Christ University, Bengaluru. She has a strong interest in the markets and loves to unravel the nitty-gritties of the latest happenings in the world of markets, business, and economy.

Articles74
Stories111

Zomato's Deepinder Goyal gets 10,000+ applications for ‘Chief of Staff’ role with ₹20 lakh fee

3 min read
Zomato on Tuesday reported 389% growth in its consolidated net profit at ₹176 crore for Q2 FY25.

Bengaluru’s rapid growth challenges Mumbai and Delhi: Report

3 min read
Bengaluru ranks first in startups' ability to source VC funding

Insurance stocks under pressure as government plans 100% FDI in sector

2 min read
At present, insurance companies' FDI ceiling is 74%

Stock market holiday: NSE, BSE to remain closed on November 20 due to Maharashtra Elections

2 min read
A November 8 circular stated that the NSE and the BSE will not be operational on the voting day

Coldplay Ahmedabad ticket frenzy: 5 key takeaways

3 min read
The Ahmedabad concerts have been touted as a “monumental milestone” for the British rock band as nearly 1 lakh fans are expected to attend

Hotel prices soar ahead of Coldplay’s Ahmedabad concert

2 min read
In some cases, hotel prices in Ahmedabad have already crossed ₹50,000 per night, around the concert date

Jio urges TRAI to re-evaluate administrative auction of satellite spectrum

3 min read
Reliance has spent $23 billion on spectrum auctions over the years and has carried about 15 billion GB of data every month in India

Muthoot Finance Q2 results: Net profit rises 26%, revenue jumps 35%

1 min read
The company’s board approved infusing additional equity of ₹500 crore in its wholly-owned subsidiary Muthoot Money Ltd

Bharat Forge Q2 results: Net profit rises 13.5%, revenue from operation down 2.3%

2 min read
The drop in revenue was driven by weakness in the European automotive market

Arvinder Singh Sahney appointed as chairman of Indian Oil Corporation

2 min read
Sahney has over 30 years of experience in the refinery and petrochemical sector and has worked at five of Indian Oil’s refineries

As climate crisis looms, India surpasses 200 GW in renewable energy

3 min read
2024 is on track to become the warmest year on record, with the global average temperature rising temporarily to 1.54°C between January and September 2024

Kalyan Jewellers Q2 results: Consolidated profit falls 3.3%, shares slip 5%

2 min read
Kalyan Jeweller faced a one-time loss of ₹69 crore attributable to a reduction in customs duty in the country in the second quarter of this fiscal

Yale to offer 'Beyoncé 101' course, honouring pop icon’s cultural impact

2 min read
Yale University is set to offer its students a unique one-credit course detailing Beyoncé’s legacy

IIT Delhi, IIT Bombay break into QS Asia top 50, India sees record representation

2 min read
IIT Delhi and IIT Bombay were the only two Indian institutes to feature in the Asian top 50

LIC Q2 Results: Net profit slumps 3.8% as expenses surge; total income grows 14%

2 min read
LIC’s total income rose by 14%, increasing from ₹2.02 lakh crore in Q2 FY24 to ₹2.30 lakh crore in the latest quarter of the current fiscal

SECI bars Anil Ambani-led Reliance Power for 3 years over fake bank guarantee

2 min read
As of November 6, Reliance Power Ltd and its subsidiaries stand ineligible to participate in any future tenders issued by SECI for three years

RITES Q2 results: Net profit plunges 25% to ₹82.5 crore; company announces interim dividend

2 min read
The EBITDA margin contracted from 23.6% in the previous year to 19.9% in the second quarter of the fiscal

RITES shares climb up to 2.5% after inking ₹36 crore pact with DMRC

2 min read
The PSU pared gains and was trading at ₹296 apiece, an increase of 0.44%, on the NSE at 3:04 pm

Saregama India Q2 Results: Net profit down 6.2%, shares close 5% lower

2 min read
The shares had slumped to an intraday low of ₹506.45, down 5.56% on the NSE on Tuesday, November 5

TVS Motor reports 13% rise in October sales; EV sales surge 45%

2 min read
TVS Motor sold 4.78 lakh two-wheelers in October

Nvidia set to join Dow Jones Industrial Average in rejig

2 min read
Nvidia has been at the heart of an AI boom with its stock skyrocketing over 900% in two years and rallying 181%, year-to-date

Google hit with $2.5 decillion fine by Russia court, amount exceeds global GDP

3 min read
The fine stems from Google’s refusal to unblock YouTube accounts of pro-Kremlin and state-run media outlets

RBI’s secret mission brings 102 tonnes of gold from UK ahead of Dhanteras

2 min read
The share of gold in the total foreign exchange reserves increased from 8.15% at the end of March 2024 to about 9.32% by the end of September 2024

Google CEO Sundar Pichai says over 25% of company’s new code generated by AI, shares rise 6%

2 min read
Pichai said that Google has reduced over 90% cost of giving AI-Gemini answers in search queries in 18 months

Diwali 2024: Is the stock market open on Nov 1? Check list of bank holidays this festive season

2 min read
The Amavasya Tithi for Diwali 2024 will begin on Thursday, October 31, 2024, at 3:52 pm

ICICI Bank Q2 results: Net profit rises 14.5% to ₹11,746 crore, beats expectations

2 min read
The bank saw improvement in its asset quality as the gross non-performing assets (NPAs) declined to 1.97% of the gross loan

Coal India announces closure of its Kolkata-based subsidiary

2 min read
The state-owned coal producer cited that CPSL had not undertaken any commercial activities since its incorporation

Coal India Q2 results: Profit drops 22% to ₹6,274.8 crore, interim dividend announced

2 min read
The PSU coal miner also declared its first interim dividend for the financial year 2024-25 at ₹15.75 per share on a value of ₹10

Microsoft CEO Satya Nadella’s pay increased 63% in FY24 to $79.1 million

2 min read
Nadella’s pay of $79.1 million in FY24 is 63% higher than the $48.5 million he received the previous year

Elon Musk $61 billion richer than Bezos as Tesla gains 22% on biggest quarterly profit in a year

2 min read
Tesla reported a quarterly profit of $2.2 billion, a 17% increase from the $1.85 billion in the year-ago period

Govt announces two railway projects worth ₹6,798 crore in Telangana, Andhra and Bihar

3 min read
The projects are estimated to be completed in five years and expected to generate direct employment amounting to 1.06 crore human-days

McDonald’s shares slump 6% after CDC reports E. coli outbreak linked to Quarter Pounder burgers

3 min read
In light of the outbreak, McDonald’s has stopped using fresh slivered onions and quarter-pound beef patties in the affected states

Germany eyes Indian workers amid labour crisis, offers 90,000 skilled visas annually

2 min read
Germany’s working-age population is too small to fill the vacancies, which has led to a labour crisis in the country

Mazagon Dock announces 1:2 stock split, declares interim interim dividend of ₹23.19; check details

2 min read
While the company has issued dividends in the past, this is the first time that it is participating in a stock split

RVNL shares tumble 4% after announcing incorporation of wholly owned subsidiary in Saudi Arabia

2 min read
RVNL said in a regulatory filing on Monday, October 21, that it had incorporated a wholly-owned subsidiary

Meta lays off two dozen employees amidst ‘Grubgate’ controversy

3 min read
The tech giant terminated approximately two dozen employees for misusing $25 Grubhub meal credits

CBDT notifies amendments to income-tax rules for simplified TCS, TDS claims

2 min read
This amendment will also enable parents to claim TCS credit for their minor children, simplifying the credit collection process

JSW Energy arm inks 25 years power purchase agreement, stock rise over 2% intraday; check details

2 min read
The stock pared its morning gains to close at ₹678.90, down 1.51% on the NSE amid a sell-off in the broader markets

Titagarh Rail shares rise 8% following bulk deal over ₹85 crore

2 min read
The Kolkata-based railway manufacturer’s market capitalization surpassed ₹16,000 crore, reaching ₹16.3 thousand crore on Thursday

Nobel Prize in Economics 2024 awarded to Acemoglu, Johnson and Robinson

3 min read
The Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson and James A. Robinson for “studies of how institutions are formed and affect prosperity”

New NPS contribution guidelines for Central govt employees issued: All you need to know

2 min read
In case there has been a delay in crediting the contributions, the affected employees will receive their contribution with added interest

Air India completes Air India Express-AIX Connect merger, to form a larger low-cost carrier

2 min read
This Air India Express-AIX Connect merger is a part of Air India’s broader restructuring program Vihaan.AI

Subhash Ghai’s Mukta Arts shares hit 52-week high after inking a deal of 37 films with Zee

3 min read
In 2021, Zee and Mukta Arts signed a deal wherein Subhas Ghai would produce three films for the former

EU court rules against Apple, Google in landmark cases: Both to pay billions

3 min read
The Court of Justice of the European Union (CJE) delivered victory to the European Commission in two separate cases against Apple and Google

Elon Musk may become first trillionaire in the world, followed by Gautam Adani: Report

5 min read
Elon Musk is currently the richest man in the world, and his net worth, which is growing at an average annual rate of 109.88%, is on track to reach the $1 trillion mark by 2027

Nvidia shares drop 9.5%, loses $279 billion in market cap, leads to Asian market sell-off

3 min read
The Nvidia stocks have been bumpy, slumping 14 per cent in the three sessions since the chipmaker revealed their quarter-two earnings for FY25

Zydus Lifesciences gets warning letter from USFDA; shares slip

1 min read
Zydus Lifesciences’ shares traded at ₹1,127.90 apiece on the NSE, down 0.37%

10 years of PM Jan Dhan Yojana: 53 crore accounts opened, ₹2.31 lakh crore deposits accrued

4 min read
Under the scheme, approximately 56% PMJDY account holders are women and about 67% beneficiaries are situated in rural and semi-urban areas

New external members to join RBI's MPC as current terms end in October

2 min read
The Appointments Committee of the Cabinet (ACC), led by Prime Minister Narendra Modi, will approve the nominated external members

Growth in e-commerce sector should be citizen-centric: Piyush Goyal

3 min read
The Minister highlighted that protecting India's developing economy and supporting those who still need affirmative action is imperative.

Blinkit to deliver orders in India placed from international markets till Raksha Bandhan

2 min read
The Zomato-owned company has introduced an international feature which will allow people in six countries to send rakhis and gifts to their siblings in India.

Maharashtra govt’s ‘Ladki Bahin’ scheme rolls out today: Check eligibility, application process

3 min read
The scheme aims to transfer ₹1,500 crore directly to the eligible women’s bank account on the 15th of every month.

Indian healthcare sector poised to reach $650 billion by 2025, AI to bridge gaps: Report

3 min read
AI in healthcare in the Indian market is set to reach $1.6 billion by 2025 and has a CAGR of 40.6%.

India’s online lifestyle market to grow 20%, will be worth $45 billion by 2028: Report

2 min read
Every one out of three e-lifestyle shoppers in India are Gen Z.

Charging up: EV count in India zooms 868% in five years

4 min read
There was about 158% increase in the number of registered EVs from FY 2021-22 at about 4.59 lakh to 11.83 lakh in FY 2022-23.

Why the RBI changes the repo rate and how it affects you: Explained

3 min read
During the June 2024 MPC meeting, the repo rate was kept unchanged at 6.50% for the sixth consecutive time.

83% of Indians optimistic about India’s economic climate: Ipsos survey

3 min read
As many as 70% of urban Indians believe that their country is moving in the right direction, making India the second most optimistic market. 

The US Treasury cautions Indian banks against business dealings with Russia

2 min read
Earlier this month, Prime Minister Narendra Modi met President Vladimir Putin in the Moscow Kremlin.

Online video content to usher 50% of revenue growth in India’s video sector: Report

3 min read
Streaming revenues have been equating to 1.5 times of movie producers’ net share from theatrical box office.

Budget FY25: ₹6.22 lakh crore allocated to defence, highest among all sectors

4 min read
The full budget made a provision of allocating an additional ₹400 crore on innovation in defence through the ADITI scheme.

12 industrial parks to be developed in 100 cities, announces FM Sitharaman

2 min read
Twelve industrial parks have been sanctioned under the National Industrial Corridor Development Programme (NICDP).

As Nirmala Sitharaman tables her seventh consecutive budget, read the full budget here

2 min read
During the Interim Budget, the Finance Minister had announced a record capex of ₹11.11 lakh crore, which amounts to 3.4% of the GDP.

Women amount to 98% of MFIs total clientele

2 min read
The share of MFI activity in rural areas grew to 74% in FY23 in contrast to the 26% posted by the urban borrowers.

What PM Narendra Modi and FM Nirmala Sitharaman said about ‘Viksit Bharat’

4 min read
The government will form a “high-powered” committee for an extensive consideration of the challenges arising due to rapid population growth and demographic changes.

Zydus Lifesciences gets OAI notice from US FDA, shares fall 3%

2 min read
The US FDA inspected Zydus's Jarod plant, a Gujarat-based injectable manufacturing facility, from 15 April to 23 April this year.

Gen Z and millennial borrowing patterns driving high growth in digital loans

3 min read
The Gen Z cohort, comprising youngsters within the age range of 18 to 25, accounts for 20–25% of loans distributed through digital lending.

Anand Rathi Wealth stock rises 3.5% after Q1 results

2 min read
Anand Rathi Wealth reported a consolidated net profit of ₹73 crore in Q1 FY25, up 38% as compared to the year-ago period.

The A-Z of Budget: What is it? Steps involved in preparation, and how it's implemented

6 min read
On 23 July, FM Nirmala Sitharaman is scheduled to present the budget for the entire fiscal year 2024-25.

Priority investment needed in rural women-led enterprises: World Bank

2 min read
During the period of economic acceleration from 2005 to 2012, India witnessed a decline in FLFP from 33% to 25%.

Not Sundar Pichai or Satya Nadella, THIS Indian-American is on the US’ highest-paid CEOs list

2 min read
Nikesh Arora is the Chairman and CEO of the American cybersecurity firm Palo Alto Networks

L&T Chairman Emeritus AM Naik steps down, hands over the baton to Subrahmanyan

3 min read
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RBI’s foreign gold reserves hit 6-year low, domestic reserves touch 53%

2 min read
India’s total gold reserves were up to 822.1 tonnes and its at-home holdings stood at 53% as of March 2024.

India’s private sector continues to expand, job creation at 18-year high: PMI

2 min read
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Bharat Biotech adds ICMR as Covaxin co-inventor

2 min read
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