On Wednesday, the Indian stock markets showed a strong upward movement, with the Nifty 50 closing 1.12% higher at 24,484.05 and the BSE Sensex ending 1.13% up at 80,378.13. The rally was largely fueled by a significant surge in information technology (IT) stocks, including Infosys Ltd., Tata Consultancy Services Ltd. (TCS), and other major players in the sector. The rally was

Ola, the ride-hailing giant, has seen its valuation slashed by 72%, falling to around $2 billion from its peak of $7.3 billion in late 2021, according to Vanguard’s recent regulatory filings. The US-based asset manager now values its shares in ANI Technologies, Ola’s parent company, at $14.3 million, a steep drop from its initial $51 million investment. This markdown is an internal adjustment by Vanguard, reflecting Ola’s recent challenges, including high-level departures an

On Monday, the Indian rupee weakened by 3 paise, closing at a record low of 84.11 against the US dollar, following a downward trend that has persisted for several weeks. Earlier in the day, the rupee touched an all-time low of 84.12 before making a slight recovery. The local currency had closed at 84.08 on the previous Friday, but it has been under continuous pressure from foreign institutional investors. In recent weeks, these global funds have offloaded over Rs 1.25 lakh crore fro

Apple is planning to open four additional flagship stores in India, following a record-breaking quarter for iPhone sales. CEO Tim Cook highlighted the increasing enthusiasm for Apple products in the Indian market, which contributed to Apple's all-time high revenue from the country. During Apple’s recent earnings call, Cook revealed that iPhone sales had grown across all regions, setting new records worldwide. India, however, stood out significantly, with Apple achieving re