Introduction In recent developments, an income tax raid has been initiated on the ‘Sea Shell’ restaurant chain in Chennai due to alleged violations by a Dubai-based company. This incident raises questions about compliance standards and the implications of foreign investments in the restaurant sector of India. Background of the Investigation The raid, conducted by the ...
The stock market has shown signs of a weakened short-term trend, particularly concerning the Nifty index. A downward correction has taken hold, indicating potential volatility in the near future. Experts suggest that if the Nifty breaks below the critical support level of 22,800, it may further decline towards the next support level around 22,350. According ...
In recent times, the Indian stock market has witnessed a trend of foreign investors selling off their holdings. This is in stark contrast to the renewed interest that global investors are showing towards Chinese markets, driven by a series of favorable developments in China. Factors such as economic relief packages, key meetings between influential leaders, ...
The share market experienced a significant downturn on September 30 due to heavy selling by foreign investors. The Sensex plummeted by approximately 1270 points, while the Nifty index settled near the 25,800 mark. This decline has led to a reduction in investors’ wealth by around ₹3.55 lakh crore. The sell-off by foreign investors is attributed ...
The Adani Group, led by billionaire Gautam Adani, has recently entered into a significant deal to manage Kenya’s major airport, Jomo Kenyatta International Airport (JKIA). However, this arrangement has been met with considerable resistance, culminating in widespread protests, legal challenges, and Senate hearings. This article delves into the intricacies of the Adani Kenya deal, the ...