Business

Tata Capital, the financial services arm of the Tata Group, has approved its IPO plan, set to launch before September 2024. Key Highlights: IPO Size: 230 million new shares (23 crore)Offer for Sale (OFS): Existing shareholders to sell stakesWhy Now? RBI mandates “upper layer” NBFCs to listLast Tata IPO? Tata Technologies (Nov 2023) Ownership &…

India’s largest IT firm, Tata Consultancy Services (TCS), has witnessed a massive ₹53,185.89 crore drop in market valuation within a week. The company’s stock price declined by 2.82% between February 17 to February 21, closing at ₹3,789.90 per share. Key Takeaways TCS Market Valuation Decline Overall Market Trends Other Major Losses Why is This Happening?…

Elon Musk responded to a proposal suggesting that the savings generated by the Department of Government Efficiency (DOGE) be distributed as a $5,000 tax refund to each taxpaying household in the U.S. The department, established after Donald Trump’s inauguration, reportedly saves $1 billion per day by cutting government expenses. Entrepreneur James Fishback proposed the “DOGE…

Will Tesla Cars Soon Be Seen on Indian Roads? Tesla, the world’s leading electric car company, has taken a big step towards entering the Indian market. Recently, the company posted job openings for 13 different positions in Mumbai. These roles include sales, customer engagement, and service operations. This move signals that Tesla is preparing to…

Will Employees Get the Pay Raise They Expect? India’s largest IT services company, Tata Consultancy Services (TCS), has decided to roll out salary hikes for its employees in FY25. However, this time, the salary increments come with a condition—returning to office regularly. The pay raise will be between 4% and 8%, depending on various factors…

Is Musk Really Favoring Himself with Government Money? Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, is facing criticism after reports surfaced that his company, Tesla, is about to secure a massive $400 million government contract. This comes at a time when Musk has been advocating for budget cuts within government agencies. The contract,…

Is This a Battle of AI or Egos? The rivalry between two of the most influential figures in artificial intelligence—Sam Altman and Elon Musk—has taken a personal turn. A day after turning down Musk’s multi-billion-dollar bid to acquire ChatGPT, Altman publicly stated that the Tesla and SpaceX founder made the offer out of “insecurity.” In…

Can a Lost Hard Drive Make Someone a Billionaire? Imagine having a fortune at your fingertips and then mistakenly tossing it into the trash! This is exactly what happened to James Howells, a British IT worker who lost access to Bitcoin now worth a staggering ₹6,500 crore. The hard drive containing his digital fortune was…