Treating inflation is like treating cancer! Therefore, it is important to remember that the war against price hikes can never be over. In such a scenario, it becomes prudent to take steps to check the rising prices of services and goods and also maintain a balance between the demand and supply chain. The Reserve Bank of India (RBI) in a surprising turn of events on Wednesday announced to hike the repo rate by 40 basis points to 4.40 per cent, the first hike since August 2018. The decision was
Musk’s purchase of Twitter is the third biggest tech deal done so far. It is preceded by the 2016 Dell-EMC deal worth $67 billion and AMD’s acquisition of Xilinx worth $50 billion in 2022.
Stock of Adani Wilmar has rallied 133 per cent since the Adani Group firm's market debut on February 8 this year. The stock touched its all-time high of Rs 514.95 today, against the listing price of Rs 221 on BSE.
Shares of One 97 Communication Paytm's parent company fell more than 3 per cent on Friday. The stock slipped 3.35 per cent to Rs 555.10 during late morning deals. It had surged 9.52 per cent to close at Rs 574.35 on Thursday. The digital payment firm pulled off the largest-ever initial public offering (IPO) in India, but has since faced many challenges. The IPO was priced at Rs 2,150.