Sector: All Sectors
Elon Musk’s next big project – Ad Astra preschool: $100M bet on redefining education for toddlers
Ad Astra, a pre-kindergarten Montessori school funded by Elon Musk, has received its initial state permit, allowing the facility to begin operations in Bastrop County, Texas. The Texas Health and Human Services Commission confirmed the licensing on November 14, after an earlier inspection cleared delays in the application process, Fortune reported. A STEM-focused mission Located … Read more
Gautam Adani faces five-count criminal indictment in U.S. for bribery, security fraud
The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit securities and wire fraud, and orchestrating “a … Read more
International Criminal Court issues arrest warrants for Israeli PM Benjamin Netanyahu over ‘war crimes’
Amid ongoing Israel–Hezbollah conflict, the International Criminal Court on Thursday issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu. The arrest warrant has been issued accusing him of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel’s offensive in the Palestinian territory. The warrant has … Read more
Sebi moots tighter SME IPO rules to lower investor risks
Markets regulator Sebi is proposing to overhaul the SME (small & medium enterprises) IPO process through some drastic changes that aim to make the segment safer for investors, increase compliance requirement on companies and also increase the cost these entities to remain listed. Among several proposals in a consultation paper, select ones deal with increasing … Read more
At $8 billion, Apple’s India revenue up 36% in FY24
Apple maintained double-digit growth in India, mirroring the company’s strong results in other emerging markets like Mexico, Brazil, and the Middle East. Apple India’s revenue rose 36% to Rs 67,122 crore ($8 billion) in FY24 compared to the year-ago period. Its net profit rose 23% to Rs 2,746 crore during the same time, Tofler data … Read more
Punit Goenka steps down as MD. Will continue to be the CEO.
Zee never surprises you and is always very creative in decision making – especially related to it’s founder management. Founder family continuing to control the operations despite owning just 3.99% of the Company has been a significant point of concern for the investors. Punit Goenka, the MD and CEO, 10 days before the shareholders’ meeting … Read more
India least exposed to Trump’s trade policies, CLSA raises India’s overweight to 20 pc over China
India is emerging as one of the least affected markets in the region when it comes to former U.S. President Donald Trump’s trade policies, highlighted a report by global brokerage firm CLSA. The report stated that this resilience is attributed to India’s relatively low trade exposure to the U.S., manageable corporate leverage, and declining levels … Read more