Pragya Swastik
About 82% of the ₹931 crore wealth attributed to Andhra Pradesh CM N Chandrababu Naidu, India's richest CM according to ADR, is due to his family's shareholding in dairy products company Heritage Foods, company officials said. While Naidu doesn't own any shares in it, his wife Bhuvaneswari Nara's 24.37% stake worth ₹763 crore is counted in Naidu's wealth, they added.
Jan 1st, 2025
Pragya Swastik
Comedian Kunal Kamra posted on X, "While we enjoy the convenience of quick commerce I'd like my first tweet of 2025 to be about the dark side." He added, "Platform owners exploit gig workers...they aren't job creators...giving wages that can't meet their (gig workers') aspirations." In another post, Kamra asked Blinkit CEO Albinder Dhindsa to reveal his delivery agents' wages.
Jan 1st, 2025
System User
India's domestic benchmark indices closed higher on Wednesday amid muted global cues as buying was seen in auto, IT, PSU bank, financial service, pharma, FMCG, media, energy, and private bank sectors on the NSE. Sensex closed 368.40 points higher at 78,507.41 and Nifty closed 98.10 points higher at 23,742.90.
Jan 1st, 2025
Pragya Swastik
Maruti Suzuki, M&M, Bajaj Finance, L&T and Tata Motors were the top gainers on Sensex while Tata Steel, Adani Ports, Zomato, HCLTech and SBI were the top losers on January 1, 2025. Sensex ended 368 points higher at 78,507. Bajaj Finance and Eicher Motors were among top Nifty gainers, while Hindalco, Dr Reddys Labs and ONGC were top Nifty losers.
Jan 1st, 2025
Bhawana Chaudhary
Sensex ended 368 points higher to close at 78,507.41 in the first session of 2025 while Nifty jumped 98 points to end at 23,742.90. This comes after the Indian markets opened flat on Wednesday morning. Sensex jumped as much as 600 points during the day owing to a rise in auto, banking, media and FMCG sector stocks.
Jan 1st, 2025
Pragya Swastik
Comedian Kunal Kamra, who targeted Ola CEO Bhavish Aggarwal last year over Ola Electric's deficient customer service and faulty products, has now targeted Blinkit CEO Albinder Dhindsa. Responding to Dhindsa's post about Blinkit's delivery numbers on New Year's Eve, Kamra asked on X, "Can you also enlighten us with data on average wages you paid your "Delivery Partners" in 2024?"
Jan 1st, 2025
Pragya Swastik
Poornima Ramarao, mother of OpenAI whistleblower Suchir Balaji, who was found dead in his US apartment, claimed her son had documents and information that would've turned the AI industry "upside down". She added, "It would've shaken the AI industry...especially OpenAI and Microsoft." Balaji was found dead a week after being named as a potential witness in NYT's case against OpenAI.
Jan 1st, 2025
Bhawana Chaudhary
National Payments Corporation of India (NPCI) has removed the 100-million user limit for onboarding on WhatsApp Pay, effective immediately. With this, WhatsApp Pay can now offer UPI services to its entire user base in India. NPCI also extended proposal to implement a 30% cap on any individual app's share of transactions on the UPI network by two years.
Jan 1st, 2025
System User
Amarendra Sahu, co-founder of rental property platform NestAway, is pursuing a criminal case against lead investors Tiger Global, Goldman Sachs and Chiratae Ventures, as well as co-founders Jitendra Jagadev and Smruti Parida. Sahu filed a police complaint in 2024, accusing the parties of engaging in fraud, forgery and coercion during NestAway's sale in 2023.
Jan 1st, 2025
Bhawana Chaudhary
Tamil Nadu government has cancelled a global tender for smart meters awarded to Adani Energy Solutions Ltd (AESL) citing high costs. Power generation and distribution company Tangedco found Adani's prices "unacceptable despite negotiations". AESL was the lowest bidder for one of the four packages covering eight districts, including Chennai, and involving installation of over 82 lakh smart meters.
Jan 1st, 2025
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