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Business News/ News / India/  Top news of the week: India's World Cup defeat, IPO frenzy, Singhania family dispute and more
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Top news of the week: India's World Cup defeat, IPO frenzy, Singhania family dispute and more

Sam Altman's return to OpenAI, Uttarkashi tunnel collapse, India's defeat in ICC Cricket World Cup 2023 and others made headlines this week.

a newspaper vendor at parliament street in new delhi.8th may 2009 ramesh pathaniaPremium
a newspaper vendor at parliament street in new delhi.8th may 2009 ramesh pathania

Here are top news of the week between 19-25 November that made headlines:

IPO pulse grips D-Street: 2.59 lakh crore gathered by 5 issues in week-long bidding frenzy

Investors on D-Street placed bids worth a total of 2.59 lakh crore in the five recently concluded mainboard initial public offerings (IPOs). The week-long bidding frenzy gripped investors as the five companies -Tata Technologies Ltd., Gandhar Oil Refineries Ltd., Fedbank Financial Services Ltd., Flair Writing Industries Ltd, and Indian Renewable Energy Development Agency (IREDA) Ltd sustained the IPO pulse in India's primary markets. Read more

DGCA issues advisory to airlines to prevent GPS signal interference

The Indian civil aviation regulator Directorate General of Civil Aviation has issued an advisory to Indian airlines on Global Navigation Satellite System (GNSS) interference in airspace. Read more

India resumes e-visa services to Canadian nationals: Report

India resumed e-visa services to Canadian nationals on Wednesday. In September, the Indian Mission in Canada temporarily halted visa services until further notice due to operational reasons, as noted by BLS International. Read more

Sam Altman returns as OpenAI CEO with ‘Satya Nadella’s support’, to build strong partnership with Microsoft

Former OpenAI CEO Sam Altman is set to make a comeback, successfully thwarting a recent boardroom coup that had plunged the company into disarray over the past few days. Read more

IndiGo, Air India to source parts locally

With flight operations being impacted due to a scarcity of spare parts amid global supply chain challenges, Indian airlines are turning to local suppliers for non-critical aircraft components, industry insiders said. Read more

Delhi government to hike minimum wages for MCD employees

The Delhi government has increased the minimum monthly wages of unskilled, semi-skilled, and skilled workers for the Municipal Corporation of Delhi (MCD), PTI reported citing officials aware of the development. Read more

Sahara case: Govt seeks moving unclaimed funds worth over 25,000 crore to Consolidated Fund of India

It has been reported that the government is investigating the legality of moving the unclaimed money from the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is anticipated to include a clause for investors who later make their claims. Read more

World Cup 2023: Australia defeats India to lift the trophy

Australia defeated India by 6 wickets to lift the ICC World Cup trophy at Narendra Modi Stadiumhardtoward on Sunday. Read more

ICC World Cup 2023: Virat Kohli awarded man of the tournament for 765 runs, 3 hundreds

Indian star batter Virat Kohli has been awarded with the "player of the tournament" title in the ICC World Cup 2023 for his exemplary performance. Read more

RBI joins central bank gold rush, buys 9 tonnes in Jul-Sep

With the latest quarterly buying, India’s official gold reserves stood at 806.7 tonnes as of September end, placing it at No. 10 in the pecking order, according to miner’s lobby World Gold Council (WGC). Read more

GST notice of 400 crore sent to Zomato, 350 crore to Swiggy: Report

Zomato and Swiggy, the country's top two food delivery aggregators, have reportedly come under the scrutiny of tax authorities, with notices of a combined value of 750 crore sent to them, a report said. Read more

COP28 to begin from Nov 30: Private sector investment, CO2 emissions among 8 other key themes on agenda

The United Nations Conference of Parties (COP) 28 meeting, to be held in Dubai between November 30- December 12, will be crucial this year as geopolitical risks after the Israel-Hamas war have raised new alarms for the global energy system to readdress climate change and energy deficit. Read more

Uttarkashi Tunnel Collapse: 'Hope for the safe return of trapped workers by Christmas', says expert Arnold Dix

International tunneling expert Arnold Dix expressed optimism about the safe return of the 41 workers trapped in Uttarkashi's Silkyara tunnel, expressing hope that they would be home in time for Christmas. Read more

Barclays plans 2,000 job cuts as part of $1.25 billion cost-cutting plan: Report

Barclays is working on its cost-saving plans of 1 billion pounds ($1.25 billion) which could also involve around 2,000 job cuts, mainly in the British bank's back office. Read more

Banking Union to go on strike from December 4 against job outsourcing: AIBEA General Secretary

The All India Bank Employees Association (AIBEA) General Secretary, C H Venkatachalam, on November 22, 2023, called for a strike by the banking union on account of appropriate hiring and rejecting the outsourcing of permanent jobs. Read more

Vijaypat Singhania regret handing over business to son Gautam Singhania, speaks on Nawaz Modi: Report

Vijaypat Singhania handed over the authority of his company to his son, Gautam Singhania in 2015. Soon after, Gautam Singhania allegedly drove Vijayapat Singhania out of his JK House building in South Mumbai in 2017, according to various reports. Read more

FPI holding in Indian stocks hit a decadal low of 16.6% in November despite strong domestic fundamentals

The holdings of foreign portfolio investors’ (FPI) in Indian stocks have reached their lowest levels in a decade amid extensive selling of domestic equities by overseas investors since September 2023. Read more

China pneumonia outbreak: From symptoms to precautions, all you need to know

After recovering from the COVID-19 pandemic, China is again witnessing an unusual surge in child pneumonia cases. There has been a significant increase in the number of hospitalisation in the country. Read more

Maruti Suzuki’s board approves increase in Suzuki Motors stake by 2%

Maruti Suzuki, on Friday, announced that the board of directors has approved the allocation of 12,322,514 shares to Suzuki Motor Company Ltd through a preferential allotment at the rate of 10,420.85 per share. Read more

Berkshire Hathaway exits Paytm with 507 cr loss

Warren Buffett’s Berkshire Hathaway or BH International has exited listed fintech company One 97 Communications (Paytm’s parent) in an open market transaction, bulk deals’ data published by bourses shows. The firm has booked a loss of 507 crore on its total investment in Paytm made five years ago. Read more

Rajasthan Assembly Election 2023: Voting concluded, result on 3 December

Voting concluded in Rajasthan for 199 assembly seats on Saturday.

The incumbent Congress aims for a consecutive term in power, while the BJP strives to unseat the Ashok Gehlot-led government, emphasizing collective leadership and relying on the popularity of Prime Minister Narendra Modi. Read more

Israel-Hamas war Day 51: Israeli authorities release 33 children, 6 Palestinian women under hostage deal

Under the hostage deal between Israel and Hamas, the Israeli prison authorities released 39 Palestinian detainees, including 33 children and six women on Sunday. Read more

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Published: 26 Nov 2023, 12:08 PM IST
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