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Roller Coaster Ride: Railway PSU Stocks Witness Sharp Decline Amid Disappointing Q3 Results

February 12, 2024/

Railway Public Sector Undertaking (PSU) stocks, once heralded as high-wealth creators, faced a steep decline in today’s trading session following the release of disappointing financial results for the December quarter. Among them, Indian Railway Finance Corporation (IRFC) bore the brunt, experiencing a sharp drop of 13.5% to ₹133 per share. The decline was triggered by the company’s weak performance in the third quarter of fiscal year 2023-24. Despite a modest 8.42% year-on-year...

Beyond Food Delivery: Exploring Zomato’s Diverse Revenue Streams

February 12, 2024/

While Zomato is widely recognized for its food delivery services, the company’s revenue streams extend far beyond mere meal deliveries. With a keen focus on diversification and innovation, Zomato has tapped into various avenues to bolster its revenue and solidify its position in the market. One notable aspect of Zomato’s financial landscape is its significant “other income,” which comprises various sources beyond its core operations. This diversified income stream reflects the company’s...

Farmers’ Resolve and Resilience: A Glimpse into the Ongoing Protest at Shambu Barrier

February 12, 2024/

In a show of solidarity and determination, farmers from across Punjab have converged near the Shambu Barrier, marking yet another chapter in their ongoing protest against the contentious agricultural laws. As over 100 tractor-trolleys assembled under the banner of the Kisan Mazdoor Morcha (KMM), the atmosphere resonated with a sense of camaraderie and resilience. The strategic positioning of the convoy near Hansali Gurdwara Sahib, coupled with the active participation of farmers in...

Bihar Assembly Drama: NDA Triumphs in Floor Test Amidst Political Turmoil

February 12, 2024/

In a riveting display of political maneuvering, the Bihar State Assembly recently witnessed high-stakes drama as Chief Minister Nitish Kumar’s coalition government faced a critical floor test. The proceedings, filled with twists and turns, culminated in a resounding victory for the National Democratic Alliance (NDA), dealing a significant blow to the opposition. The no-confidence motion against Speaker and RJD leader Awadh Bihari Choudhary set the stage for intense deliberations within the assembly....

Indian Navy Veterans Released by Qatar After Diplomatic Negotiations

February 12, 2024/

In a dramatic turn of events, seven out of eight Indian Navy veterans found themselves unexpectedly freed by Qatar after facing a daunting legal battle that threatened their lives. The veterans, who were released by the Qatar court on Monday, including Captain Navtej Singh Gill (retired), Captain Saurabh Vasisht (retired), Commander Purnendu Tiwari (retired), Captain Birendra Kumar Verma (retired), Commander Sugunakar Pakala (retired), Commander Sanjeev Gupta (retired), Commander Amit Nagpal (retired), and...

The Curious Case of Disappearing Chinese Executives: A Shadow Over Corporate Governance

February 12, 2024/

The sudden disappearance of key executives from Chinese listed companies has become a perplexing phenomenon that is causing ripples in the business world. With at least 11 reported cases this year alone, investors are left in a state of uncertainty, grappling with the implications for the affected companies and their investments. The Awkward Disclosure: A Dilemma for Boards When a company announces the unexplained disappearance of its chairman or CEO, it sends...

Unlocking the Potential of CRISPR: A Revolutionary Leap in Genetic Engineering

February 12, 2024/

In the world of molecular biology, few advancements have sparked as much excitement and controversy as CRISPR-Cas9. This revolutionary gene-editing technology, inspired by the bacterial immune system, has opened up new frontiers in genetic engineering, offering unprecedented precision and versatility in manipulating DNA sequences. As we stand on the cusp of a new era in biotechnology, it is crucial to explore the implications, challenges, and ethical considerations surrounding the widespread adoption of...

Entrepreneurs Impress Sharks on Shark Tank India with Interview Hosting Platform Pitch

February 12, 2024/

In a recent episode of Shark Tank India, two entrepreneurs showcased their interview hosting platform, seeking Rs 1.5 crore in exchange for a 1% equity stake, valuing their company at Rs 150 crore. Initially, their pitch captivated all five sharks, but the negotiations took an unexpected turn when Namita Thapar withdrew from the discussions, citing philosophical differences with their idea. The entrepreneurs received a pleasant surprise when Deepinder Goyal discovered that his...

The Google DeepMind website on a laptop computer arranged in New York, US, on Friday, Dec. 8, 2023. Alphabet's Google said Gemini is its largest, most capable and flexible AI model to date, replacing PaLM 2, released in May. Photographer: Gabby Jones/Bloomberg

February 12, 2024/

Google’s recent announcement regarding the renaming of its Bard AI chatbot to Gemini, alongside the launch of a new Gemini app and the introduction of the Gemini Ultra large language model, has sparked curiosity among users. Many have been pondering the reasons behind this significant change. Now, CEO Sundar Pichai has provided insights into the decision-making process behind the name change. In an interaction with CNBC, Pichai shed light on the rationale...

Banking Sector Divergence: PSU vs Private Banks

February 12, 2024/

The recent performance of banking stocks has taken an intriguing turn, with notable divergence observed following the Reserve Bank of India’s (RBI) Monetary Policy announcement. While PSU stocks like State Bank of India (SBI), Bank of Baroda, and Punjab National Bank (PNB) surged on February 8, other public sector banks and major private players like Kotak Mahindra Bank, ICICI Bank, and Axis Bank faced significant declines. The deviation in performance, according to...

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