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Akasa Air Co-founder Neelu Khatri Steps Down from Senior VP Role
5 hours ago
Neelu Khatri, co-founder and Senior VP for International Operations at Akasa Air, has resigned less than two years after the airline's launch. Khatri, who led the launch of Akasa's international operations and was key in establishing a codeshare agreement with Etihad, is leaving to pursue new professional opportunities. Despite this change, Akasa Air maintains its international expansion plans. The airline currently holds a 5.4% domestic market share, operates 30 aircraft, serves 24 domestic and 6 international destinations. Akasa Air recently secured investments from firms including Premji Invest and Claypond Capital.
Software-Defined Vehicles: Revolutionizing Automotive Manufacturing
5 hours ago
Goldman Sachs Bullish on IndiGo's International Expansion, Maintains Rs 6,000 Target
5 hours ago
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Market News
Market News
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Gold Price Surge Reshapes Jewelry Market: Shift to Studded Pieces Amid Record Highs
4 hours ago
Gold prices hit a record high of Rs 1,22,169 per 10 grams, up 60.10% this year, transforming the Indian jewelry sector. Sales value increased while volume decreased. Consumers are shifting to lighter, studded pieces. Key players like Titan Co., Kalyan Jewellers, Senco Gold, and PN Gadgil reported growth despite challenges. The market sees increased demand for lower caratage and studded jewelry. Industry margins face pressure from rising costs, but the shift to higher-margin studded pieces may support profitability.
Copper Prices Soar to 16-Month High Amid Supply Concerns
4 hours ago
Silver Surges to $50 Per Ounce, Highest Since 1993, as Precious Metals Rally
6 hours ago
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IPO News
IPO News
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WeWork India Set for Stock Market Debut: IPO Oversubscribed Amid Investor Interest
3 hours ago
WeWork India Management Ltd., backed by Embassy Group, is set to list on BSE and NSE on October 10, 2023. The ₹3,000-crore IPO was oversubscribed 1.15 times, with strong interest from institutional buyers. The issue price is set at ₹648.00 per share, with a current grey market premium of ₹0. The IPO is structured as an offer-for-sale (OFS) of 4.62 crore shares from Embassy Buildcon LLP and Ariel Way Tenant. The QIB quota was subscribed 1.79 times, indicating positive institutional sentiment.
India's IPO Market Surges to Fourth Place Globally with $14 Billion Raised
8 hours ago
DSM Fresh Foods Shares Surge 20% on BSE SME Debut
12 hours ago
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