JAIN
Bengaluru employee quits in frustration, blames CEO's book-reading habit and new business plans
A former employee's account of his friend's experience at a Bengaluru-based startup raises concerns about leadership stability. The company's strategy often changed based on the founder's weekly reading material. This has sparked discussions about the unpredictable nature of some startups, where decisions may be driven by the latest books, podcasts, or social media posts.
Over half of NSE's Rs 1,000 cr+ m-cap stocks drop in FY25. 10 smallcaps hit hardest
Over half of NSE's stocks with Rs 1,000 crore or more market capitalization have seen their share prices decline in FY25, with smallcaps being the hardest hit. Factors such as global economic fears, local market sentiment, and company-specific issues contributed to the declines.
This tax-free perquisite value for salaried employee will see a positive change in New Tax Bill 2025
Tax free perquisite: Experts say due to a tweak in language of the new tax bill, 2025 now tax free perquisite may include employee commuting costs through reimbursements, or transportation through employer owned/operated vehicles, and many more. Shalini Jain, Tax Partner, EY India says, "This could potentially reduce administrative burdens and make it easier for both employers and employees to comply with tax regulations."
Supreme Court upholds Bombay High Court’s order for CBI probe into Jai Corp’s Rs 2,434 crore fraud case
The Supreme Court upheld the Bombay High Court’s order directing CBI to form an SIT to investigate complaints against Jai Corp and its director, Anand Jain, for allegedly defrauding public investors of ₹2,434 crore. However, Jai Corp can seek quashing of the FIR before an appropriate court.
SC upholds Bombay HC order for CBI SIT probe into Rs 2,434 cr Jai Corp fraud
The Supreme Court upheld the Bombay High Court's directive to form a special investigation team (SIT) to probe allegations of Jai Corp and its director Anand Jain defrauding public investors. Despite previous investigations finding no merit, the case will proceed with a fresh CBI probe.
Rating companies look for clues on IndusInd's health, control issues
Rating officials said that while they took note of the Reserve Bank of India's statement over the week-end that the bank was well-capitalised, they would keep a track on the bank's security prices, liquidity position, reports of any deposit withdrawal, and assess the bank and its promoters' ability to raise equity.
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MP: Woman Congress leader served show-cause notice for comparing Parshuram with Aurangzeb
A woman Congress leader in Jabalpur, Madhya Pradesh, faces disciplinary action for a controversial social media post comparing Parshuram, a Hindu deity, with Mughal ruler Aurangzeb. The Congress party has distanced itself from her comments, stressing its commitment to secularism.
Investors want India to lower long-bond supply in fiscal year 2026: Report
Indian bond market participants want the government to lower supply of ultra-long debt in the fiscal year that starts April 1, five treasury officials said on Monday.
Gold Price Today: Yellow metal faces profit booking, silver holds above Rs 1 lakh/kg mark
Gold April futures experienced profit booking on Monday after reaching a new high of Rs 88,310 per 10 grams last week. Manoj Kumar Jain of Prithvifinmart Commodity Research suggests volatility in bullion prices amid US trade war and FED policy meetings. Silver May futures also remained above Rs 1 lakh per kilogram, despite some profit-taking.
US recession fears, tariff tantrums may dim IT growth
The US policy, macro and geopolitical developments have introduced uncertainty in the business environment for the IT sector, which relies on stronger growth from discretionary-led spends from its clients. An Incred Equities brokerage report highlighted that besides, this could also change the IT spending pattern due to client-specific challenges. Put together, it outweighs the positives of depreciating rupee and strong deal wins, in the near term.
Buy PVR INOX, target price Rs 1,610: JM Financial
JM Financial recommends buying PVR INOX with a target price of Rs 1610. Currently, PVR INOX is priced at Rs 925. The company, established in 1995, operates in the Media & Entertainment sector, reporting a quarterly income of Rs 1759.10 crore. Strong box office collections and a good movie pipeline may support its growth. Valuation appears reasonable.
Times Music buys Indian regional record labels symphony, ARC
Times Music has acquired Symphony Recording Co and ARC Musicq, regional labels in Tamil and Kannada music genres, respectively. These acquisitions mark Times Music's strategic expansion in the Indian regional music market, enhancing its portfolio and establishing it as a leader in Tamil devotional music.
False detachment: When gurus cling to opinions
Humans have created systems of ownership through the value placed on 'MINE', leading to claims over land, people, and ideas. Philosophers and gurus discussing detachment and subjective versus objective truths reflect societal conflicts in balancing wealth, power, and property rights.
'Ruckus' over rupee artificially created to divert attention from Rs 1,000 cr kickbacks: Annamalai
Tamil Nadu BJP president K Annamalai claimed that the state government fabricated the 'ruckus over the rupee' to divert attention from alleged Rs 1,000 crore kickbacks at TASMAC. Annamalai criticized the state budget for its reliance on borrowing, walking out of the Assembly in protest, and dismissed a meeting on the delimitation of constituencies as a 'non-issue'.
Potential for SMEs to contribute up to 50% of GDP through AI, tech transformation: OfBusiness
"AI and technology transformation can scale-up SMEs production and then reach to 50% contribution to the GDP from the current 30%, and enhancing employment from 110 million to 175 million, particularly in tier-2 and tier-3 cities, would not be difficult. This would prove to be a major game-changer for the Indian economy," OfBusiness said in a statement.
President approves FIR against Manish Sisodia, Satyendar Jain in Rs 1,300-cr Delhi school 'scam'
President Droupadi Murmu has sanctioned an FIR against AAP leaders Manish Sisodia and Satyendar Jain in a ₹1,300 crore scam related to the construction of classrooms in Delhi schools. The irregularities were identified by the Delhi vigilance directorate and the CVC, highlighting discrepancies in the construction of 2,405 classrooms, originally initiated to address a classroom shortage.
President okays registration of FIR against AAP's Manish Sisodia, Satyendar Jain in alleged Rs 1,300 crore classroom scam
President has approved the registration of an FIR against AAP leaders Manish Sisodia and Satyendar Jain in connection with an alleged Rs 1,300 crore scam related to the construction of classrooms in Delhi government schools. The CVC report highlighted significant irregularities, including cost overruns and the construction of excess classrooms and toilets without fresh tenders.
IPO-bound edtech unicorn Physicswallah appoints three independent directors to board
Noida-based Physicswallah has appointed former Zomato deputy CFO Nitin Savara, former RBI regional director Rachna Dikshit, and ex-bureaucrat Deepak Amitabh, who is currently engaged with the Adani Group, as independent directors.
Holi 2025: From Rs 1 lakh silver pichkari to Rs 50,000/kg gold gujiya, take a look at this year’s extravagant celebrations
This Holi 2025, unique and ornate festive items are all the rage in Uttar Pradesh. In Lucknow, silver pichkaris with intricate designs are priced at up to Rs 1 lakh, whereas in Gonda, a sweet shop is selling ‘Golden Gujiya’ adorned with 24-carat edible gold for Rs 50,000 per kilogram.
Gold Price Today: Yellow metal hits fresh all-time high of Rs 86,875/10 gms, silver at Rs 99,389/kg
On Wednesday, both gold and silver ended on a positive note in the domestic and international markets. The gold April futures contract settled at ₹86,686 per 10 grams, reflecting a gain of 0.62%, while the silver May futures contract settled at ₹99,476 per kilogram.
Buy Samhi Hotels, target price Rs 245: JM Financial
JM Financial has recommended buying Samhi Hotels, setting a target price at Rs 245, as opposed to the current Rs 146.25. The small-cap hotel company reported significant financial growth, with a total income increase to Rs 298.72 crore and a net profit of Rs 22.78 crore for the quarter ending 31-12-2024.
Gold Price Today: Yellow metal opens flat at Rs 86,160/10 gms, silver at Rs 98,443/kg
Gold and silver rebounded from the previous session's lows, driven by safe-haven buying and a weaker dollar index. On Tuesday, both gold and silver closed on a positive note in the domestic and international markets.
Gold Price Today: Yellow metal prices surge by Rs 260/10 gm in a week, silver up by Rs 560/kg
Gold and silver futures opened higher on MCX, recovering from Monday’s losses amid global market sell-offs and recession fears. Volatility is expected due to the US trade war and inflation data. Analysts suggest selling gold on a rise. Physical gold prices vary across cities, with Delhi having the highest rates.
Syngene International shares in focus on acquiring first US biologics facility for $36.5 million
Syngene International announced acquiring its first biologics facility in the U.S. from Emergent Manufacturing for $36.5 million. This acquisition will boost Syngene's bioreactor capacity to 50,000 liters, enhancing its large molecule discovery and manufacturing capabilities. While the move is strategic, it may temporarily affect operating margins.
CleanMax, Osaka Gas form JV for 300MW renewable energy push
CleanMax, backed by Brookfield, has partnered with Osaka Gas Group to form a joint venture named 'Clean Max Osaka Gas Renewable Energy'. The JV aims to develop a 300MW renewable energy portfolio in Karnataka, representing Osaka Gas' entry into the Indian green energy market, with a ₹1,500 crore investment.
Artificial intelligence is changing how Silicon Valley builds startups
The old Silicon Valley model dictated that startups should raise a huge sum of money from venture capital investors and spend it hiring an army of employees to scale up fast. Profits would come much later. Not anymore.
Industry leaders must invest in a better-informed future: Meera Jain at ET Awards
Meera Jain, founder of Times Evoke, emphasizes the urgent need for business leaders to redirect their resources towards environmental initiatives. She highlights the rapid warming of the planet and the decline of species due to human activity, urging investment in a well-informed future to address these crises.
AAP leader Satyendar Jain opposes closure of mohalla clinics, calls it blow to Delhi's healthcare
Senior AAP leader Satyendar Jain condemns the BJP government's decision to shut down 250 mohalla clinics, arguing it will cripple Delhi's healthcare infrastructure. Despite Health Minister Pankaj Kumar Singh's claims of fraudulent activities, Jain stresses the importance of expanding these clinics, which serve 7,500 patients daily.
Gensol Engineering shares extend losses for 8th day, crack 10% as CFO resigns
Gensol Engineering shares: Gensol Engineering shares continued their losing streak, falling 9.6% after the CFO, Ankit Jain, resigned to pursue other opportunities. The company appointed Jabirmahendi Mohammedraza Aga as the new CFO. The share price drop followed credit rating downgrades by ICRA and CARE.
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