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Dunzo is a hyper-local on-demand delivery service that operates in several major Indian cities. Its mission is to make life easier by providing swift and efficient delivery services for anything and everything you might need. Whether it’s forgotten documents, groceries, medicines, or even a t-shirt from your favorite store, Dunzo has got you covered. The best part? All this convenience comes with minimal…
The Indian cryptocurrency landscape, once a vibrant hub for digital asset enthusiasts, faced a period of uncertainty with the departure of major exchanges like Binance and KuCoin. However, recent developments suggest a potential paradigm shift. These global giants are eyeing a comeback, setting the stage for a dynamic new chapter in India’s crypto story. A Flashback: Regulatory Hurdles and Departures…
Hero MotoCorp’s stock price surged over 6% on Thursday, May 9th, following the release of their healthy Q4 results. This strong performance leaves investors wondering: is it a good time to buy, sell, or hold Hero MotoCorp stock? Riding High on Q4 Results Hero MotoCorp reported an 18% year-on-year jump in net profit for the March quarter (Q4). This positive…
In a move to safeguard the stability of Kotak Mahindra Bank’s systems, the Reserve Bank of India (RBI) imposed some restrictions on the bank’s digital operations on April 24, 2024. These restrictions come after the RBI identified “serious deficiencies and non-compliances” in the bank’s IT infrastructure. This isn’t an isolated incident, as the RBI has been stepping up scrutiny of…
Tata Communications, a leading Indian provider of global communication services, has announced impressive financial results for the quarter ending March 31, 2024. The company’s net profit witnessed a significant jump to ₹321.52 crore, a remarkable improvement compared to ₹191.25 crore in the same quarter of the previous fiscal year. This translates to a strong year-on-year growth of approximately 68%. Reasons…
Vodafone Idea Limited (Vi), the telecom operator born from the merger of Vodafone India and Idea Cellular, finds itself at a crossroads. On the one hand, the company is preparing a crucial Follow-on Public Offering (FPO) to raise Rs 18,000 crore (US$2.2 billion). On the other hand, its stock price recently fell 4%, reflecting ongoing investor uncertainty. This blog explores…
The Indian stock market, a recent champion having surpassed Hong Kong to become the world’s fourth largest, witnessed a significant decline today. Investors are left scratching their heads, wondering what triggered this sudden shift. While a single factor might not be solely responsible, a confluence of events likely contributed to the market’s fall. Here’s a breakdown of 10 potential reasons:…
Gold, the timeless metal, has captivated humanity for millennia. But beyond its beauty, gold has held a unique position in the financial world. Often referred to as a “safe-haven” asset, gold prices tend to rise during periods of economic uncertainty, geopolitical tensions, and inflation. In 2024, we’ve witnessed a significant rise in gold prices, prompting many to ask: why is…
For years, digital wallets like PhonePe and Paytm offered a convenient way to store and transfer money. However, their usefulness was limited by one key factor: you could only use the wallet’s app to initiate UPI transactions. This meant having multiple apps for different wallets, restricting users and hindering a seamless digital payment experience. Fortunately, the Reserve Bank of India…
The National Stock Exchange of India (NSE) has issued a critical warning to investors, alerting them about the circulation of deepfake videos featuring their MD & CEO, Ashishkumar Chauhan. These deceptive videos use sophisticated AI technology to manipulate Mr. Chauhan’s image and voice, making it appear as if he’s recommending specific stocks. This incident highlights the growing threat of deepfakes…