Tesla has denied claims that its board is searching for a replacement for CEO Elon Musk. A report by The Wall Street Journal stated that board members had approached executive search firms in March to discuss potential successors. In response, Tesla Chair Robyn Denholm released a statement on X, calling the report “absolutely false” and …
The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing that select existing shareholders must hold shares in dematerialised form before a company files its draft offer document for an Initial Public Offering (IPO). This proposal is an expansion of the current regulatory requirements under SEBI’s Issue of Capital and Disclosure …
Indian equities may open on a subdued note, following mixed global cues and the latest domestic data. As of 8:15 AM, GIFT Nifty suggested a neutral to mildly positive bias for the day. On April 30, the Nifty 50 ended marginally lower by 1.75 points (-0.01%) at 24,334.20, while the BSE Sensex dropped 46.14 points …
On May 1, 2025, Banks and India’s leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will be closed in observance of the Maharashtra Day, with all trading activities suspended for the day. Is the Stock Market Open Today? According to the official holiday calendar of the NSE and BSE, …
Indian benchmark indices ended on a mixed note on Tuesday, April 30, 2025, after showing modest gains the previous day. While the broader market maintained its resilience on April 29 amid sustained buying interest and global cues, the momentum slightly cooled off in today’s session. The BSE Sensex dipped 46.14 points (0.057%) to close at …
In a major shift amid an intensified crackdown on illegal migrants, Delhi Police, acting on directives from the Centre, has ruled that Aadhaar cards, PAN cards, and ration cards will no longer be accepted as valid proof of Indian citizenship. Instead, only voter ID cards or Indian passports will be accepted during verification drives targeting …
Exponent Energy, a Bengaluru-based startup, is making waves in India’s electric vehicle (EV) sector with its groundbreaking 15-minute charging technology. Founded in 2020 by former Ather executives Arun Vinayak and Sanjay Byalal Jagannath, Exponent Energy is addressing key obstacles in EV adoption, such as slow charging times and inadequate infrastructure. The company has developed a …
Apple has intensified its efforts to reduce dependency on China by expanding iPhone manufacturing in India. According to a news report, Tata Electronics has officially begun assembling iPhones at its new facility in Tamil Nadu, while Foxconn is preparing to launch production at its upcoming plant in Bengaluru. Tata Electronics Begins iPhone Assembly at Hosur …
Tata Sons’ internal investigation has flagged serious disclosure failures by group company secretary Suprakash Mukhopadhyay, involving his family’s wealth management firm, Divinion, as per a news report. The report by a three-member committee, comprising Nupur Mallick, the head of Tata Sons human resources, Eruch N. Kapadia, a finance executive at Tata Sons, and Sidharth Sharma, …
The Advertising Standards Council of India (ASCI) has announced that financial and health influencers do not need professional qualifications to share general information about related products or services. However, if influencers offer technical advice, they must be registered with the Securities and Exchange Board of India (SEBI) or have relevant financial credentials. ASCI Reiterates Finfluencers …
