Maruti Suzuki India Ltd. is actively addressing its inventory levels in response to slowing domestic sales, with Chairman RC Bhargava announcing plans to meet an internal target of maintaining a 30-day inventory by the end of November. This adjustment may lead to a shift in the company's production strategy, as Bhargava emphasized the importance of aligning production with dealer sales. The company is now focusing on retail sales data rather than wholesale figures to better asse

Bitcoin surged past $73,000 on Tuesday, approaching its all-time peak as investors eagerly anticipated the upcoming U.S. presidential election. According to Coin Metrics, Bitcoin’s value recently climbed by 3.8%, settling around $72,333.10. Earlier, it spiked to $73,601.59, its highest point since March 14—the same day it reached its record price. This rise triggered significant short liquidations, totaling over $113 million in the last 24 hours, as reported by

Aegis Vopak Terminals Ltd. has announced that its board of directors has approved a proposal to raise ₹4,000 crore through an initial public offering (IPO) and an additional ₹800 crore via private placement. The IPO will consist of a fresh issue of equity shares, each with a face value of ₹10, as stated in the company's exchange filing. The IPO is subject to regulatory approvals and market conditions, while the preferential issue will be conducted on a private placement ba

India's benchmark equity indices closed lower for a second consecutive week on Friday, as market sentiment was dampened by losses in major stocks such as Titan Co. and Tata Steel Ltd. On Friday, the Nifty index slipped by 0.10%, or 24.15 points, finishing at 24,974.3, while the Sensex declined by 0.22%, or 176.01 points, closing at 81,435.40. The decline was attributed to the performance of banking stocks and Tata Consultancy Services Ltd., which contributed significantly to the

India's benchmark equity indices, the Nifty 50 and the Sensex, snapped their six-session losing streak on Tuesday, posting gains despite a downturn in most global markets. This rally was primarily driven by heavyweight stocks, including HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd., as investors await the outcome of the upcoming monetary policy committee meeting set for Wednesday. The Nifty 50 index closed up by 0.88%, or 217.40 points, ending the day at 25,013.15,

Karnataka Chief Minister Siddaramaiah is under increasing pressure to resign as allegations surrounding the Mysuru Urban Development Authority (MUDA) land scam escalate. Following a trial court's order to file charges, opposition parties, particularly the Bharatiya Janata Party (BJP) and the Janata Dal Secular, have intensified their calls for his resignation. Adding to the pressure, veteran Congress leader KB Koliwad, a five-time MLA and former Assembly Speaker, publicly sugges

Vijay Sharma, a fake doctor, was arrested for orchestrating a significant scam that involved selling fraudulent medical degrees to over 400 students. This deceptive scheme defrauded students of approximately ₹3.7 crore, leaving many unaware of the illegitimacy of their degrees until they sought employment or applied for medical licenses. The investigation revealed that Khusro Memorial P.G. College played a pivotal role in issuing these fake MBBS degrees from various universities across Indi

E-commerce giant Amazon has appointed Samir Kumar as the new Country Manager for India, effective October 1, following the resignation of Manish Tiwary. Kumar, a 25-year veteran of Amazon, will take over operational responsibilities while continuing to lead consumer businesses in the Middle East, South Africa, and Turkey. This leadership transition comes as Amazon emphasizes the significance of the Indian market in its global strategy. Kumar joined Amazon in 1999 and played a pivota

The current market sentiment is subdued, with the potential for a fresh selloff if certain technical thresholds are breached. Analysts suggest that for the Nifty and Sensex to experience a significant decline, the indices would need to drop below their respective 20-day simple moving averages or fall beneath the 24,900 and 81,400 marks. If these levels are breached, the Nifty could slip to the 24,775-24,725 range, while the Sensex might drop to 81,000-80,800. On the other hand, for

The KCR household is experiencing a touching reunion following K Kavitha’s recent release on bail from Tihar jail, where she had been detained in connection with the Delhi Liquor scam case. After spending over 160 days away from her family, Kavitha’s return has brought immense relief and joy. Her emotional visit to her father, Chief Minister K. Chandrashekar Rao (KCR), at his Erravalli farmhouse was a poignant moment captured on video, showing Kavitha falling at her father's f

Kalvakuntla Kavitha, Telangana MLC and daughter of former Chief Minister K. Chandrashekar Rao (KCR), was granted bail in the high-profile Delhi liquor scam case yesterday. Her return to Hyderabad has sparked a range of reactions across the political spectrum. Telangana Chief Minister Revanth Reddy has voiced skepticism over the swift nature of Kavitha's bail, suggesting that it might be indicative of a behind-the-scenes deal between the Bharat Rashtra Samithi (BRS) and the Bharatiya Janat

A major development in the ongoing investigation into the alleged liquor scam involving the previous YSR Congress government has come to light with the arrest of Vasudeva Reddy, the former Managing Director of the AP Beverages Corporation. This arrest by the Andhra Pradesh CID is a critical turn in uncovering the purportedly massive financial irregularities and illicit operations linked to the liquor industry in the state. The arrest of Reddy is significant given his central role in

In a notable administrative shift, DGP Tirumala Rao of Andhra Pradesh has mandated that 16 IPS officers report to his office every morning and log their in and out times. This move is unprecedented in its scale and scope, requiring these officers to remain within the Vijayawada and Mangalagiri jurisdictions, while adhering to strict daily reporting requirements. The directive is reportedly linked to suspicions that these officers, who were previously aligned with th

Former Andhra Pradesh Housing Minister Jogi Ramesh is under intense scrutiny following allegations of corruption and irregularities during his tenure. The ACB has conducted a raid at Ramesh's residence in Ibrahim Patnam, focusing on his involvement in the Agrigold land scam and an attack on a TDP office. The allegations suggest that Ramesh, while in office, illegally acquired Agrigold's seized lands and sold them for substantial profits, implicating both him and his family members in