April 23, 2026
Headlines
Nothing 66

Penny Stocks Scam: SEBI Raids Pune Finfluencer Avadhut Sathe’s Trading Academy Amid Market Misguidance Allegations

Business News Desk04 mins mins

In a sweeping crackdown on unregistered market educators, the Securities and Exchange Board of India (SEBI) has raided the Karjat-based trading academy of Pune-based finfluencer Avadhut Sathe, who commands a massive following of over 9 lakh YouTube subscribers. The two-day search-and-seizure operation, conducted on August 20–21, marks one of SEBI’s most high-profile enforcement actions against…

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Nothing 65

OpenAI Sets Up India Unit, Begins Local Hiring as ChatGPT Adoption Surges

Business News Desk05 mins mins

OpenAI, the creator of ChatGPT and a global leader in artificial intelligence, has officially established its India entity and is preparing to open its first office in New Delhi later this year. The move marks a significant milestone in OpenAI’s global expansion strategy and underscores India’s emergence as a key market for AI innovation, talent,…

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Nothing 64

Hindalco’s ₹18,000 Crore Capex in FY25 Marks Decade-High Investment, KM Birla Reaffirms $10 Billion Global Expansion Plan

Business News Desk04 mins mins

Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, has recorded its highest annual capital expenditure in nearly a decade, investing ₹18,000 crore in FY25. Chairman Kumar Mangalam Birla confirmed the milestone during the company’s 66th Annual General Meeting held on August 21, 2025, while reaffirming Hindalco’s ambitious $10 billion global investment roadmap…

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Nothing 63

Anondita Medicare IPO Opens August 22: Condom Maker’s Shares Command ₹58 Grey Market Premium, Eyes ₹69.5 Crore Raise

Business News Desk04 mins mins

Anondita Medicare Ltd, a Noida-based manufacturer of male and female condoms under the flagship brand “COBRA,” has opened its Initial Public Offering (IPO) for public subscription on August 22, 2025. The IPO, which will close on August 26, is already generating strong buzz in the grey market, where its shares are commanding a premium of…

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Nothing 62

Raymond Shifts Gears: Auto and Defence Emerge as New Growth Engines, Says Nirmal Bang

Business News Desk05 mins mins

Raymond Ltd, a name long synonymous with India’s textile and lifestyle legacy, is undergoing a strategic transformation that could redefine its future. According to brokerage firm Nirmal Bang Institutional Equities, the company has decisively pivoted away from its traditional businesses to focus on high-potential engineering verticals—specifically auto components and aerospace & defence. These sectors, now…

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Nothing 10

RBI Governor Says India’s Growth Is Resilient Amid Global Uncertainty, MPC Minutes Highlight Inflation Moderation and Rural Strength

Business News Desk04 mins mins

India’s economic growth remains resilient despite a persistently uncertain global environment, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra. In the latest Monetary Policy Committee (MPC) minutes released after the August 4–6 meeting, Malhotra emphasized that the domestic economy is broadly tracking the central bank’s projections, with a growth rate of 6.5% for…

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Nothing 9 1

Economist Richard Rossow Says NDA 3.0 Has Been ‘Relatively Quiet’ on Reforms, Calls for Urgent Policy Acceleration

Business News Desk04 mins mins

Richard Rossow, Senior Adviser and Chair on India and Emerging Asia Economics at the Center for Strategic and International Studies (CSIS), has raised concerns over the pace of economic reforms under the third term of the National Democratic Alliance (NDA) government. In a recent interview, Rossow remarked that “NDA 3.0 has been relatively quiet on…

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Nothing 8 1

Sovereign Upgrade, Index Flows, and GST Reform Create Bullish Backdrop for India’s Bond Market: Chirag Doshi, LGT Wealth India

Business News Desk05 mins mins

India’s bond market is entering a new phase of optimism, buoyed by a rare confluence of macroeconomic tailwinds. According to Chirag Doshi, CIO–Fixed Income at LGT Wealth India, the recent sovereign credit rating upgrade by S&P Global, anticipated inclusion of Indian bonds in global indices, and the government’s push for GST reform are collectively creating…

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Nothing 7 1

L&T Chairman ‘Fairly Positive’ on India’s Infrastructure Outlook, Calls for More Push on Freight Corridors and State-Led Projects

Business News Desk05 mins mins

Larsen & Toubro (L&T) Chairman and Managing Director S N Subrahmanyan has expressed optimism about India’s infrastructure trajectory, citing central government-led capital projects as the primary growth driver. In a recent interview, Subrahmanyan said he feels “fairly positive” about the pace and scale of ongoing developments, while urging for “a little more push” on high-speed…

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Nothing 6 1

Equirus Eyes IPO in 12–18 Months, Focuses on Scaling Wealth Management and NBFC Operations

Business News Desk04 mins mins

Equirus Capital, one of India’s fastest-growing financial services platforms, is gearing up for a public listing within the next 12 to 18 months. Founder and Managing Director Ajay Garg confirmed the company’s IPO roadmap while emphasizing that the immediate priority remains scaling its wealth management business and stabilizing its newly launched NBFC unit. In a…

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