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Microsoft acquires a 48-acre plot in Hyderabad. Here's how much it paid

Microsoft acquires a 48-acre plot in Hyderabad. Here's how much it paid

Tech giant Microsoft Corporation recently acquired 48 acres of land in Hyderabad in a transaction estimated to be worth around Rs 267 crore.

The acquisition of the property was facilitated through Sai Balaji Developers, a land aggregator situated in Ranga Reddy district, as indicated in the documentation shared by data analytics company Propstack, according to a report in The Economic Times (ET).

This solar pump manufacturer's stock zoomed over 100% in 33 trading days

This solar pump manufacturer's stock zoomed over 100% in 33 trading days

Shares of Shakti Pumps (SPIL) locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 2,585.85 per share on the BSE in Monday's intraday deals. This came after the company reported a robust March quarter (Q4FY24) earnings and strong order book. In comparison, the S&P BSE Midcap and Smallcap index were down by 1 per cent.

The stock of the company is trading at its record high level and has rallied 28 per cent in past one week. Moreover, in the past 33 trading days, the stock has more than doubled or zoomed 104 per cent from Rs 1,121 on March 14, 2024.

TDP quitting NDA in 2018 not a mistake, says ex-Minister Ashok

TDP quitting NDA in 2018 not a mistake, says ex-Minister Ashok

Telugu Desam Party quitting NDA in 2018 was not a mistake, senior party leader and former Civil Aviation Minister P Ashok Gajapati Raju has said.

The regional party rejoining the alliance (NDA) was justified as BJP is saying it would do "something" for Andhra Pradesh, he added.

China will never treat India as equal partner: USISPF President Aghi

China will never treat India as equal partner: USISPF President Aghi

China will never treat India as an equal partner and by amassing troops on the border, Beijing is forcing New Delhi to spend more money on defence than capital investment, Mukesh Aghi, the head of a top US-based India-centric business and strategic group has said.

The militaries of India and China have been locked in a standoff since May 2020 and a full resolution of the border row has not yet been achieved though the two sides have had several rounds of talks at the diplomatic and military levels.

ED recovers 'unaccounted' cash during raids at multiple locations in Ranchi

ED recovers 'unaccounted' cash during raids at multiple locations in Ranchi

The Enforcement Directorate on Monday claimed to have recovered a huge amount of "unaccounted" cash during searches of premises allegedly linked to an aide of a state minister, official sources said.

Video footage shared by the sources showed wads of currency notes spread in a room that is alleged to be of the domestic help of the private secretary of rural development minister Alamgir Alam.

Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations

Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations

Australia's Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already cancelled flights, in an attempt to end a reputational crisis that has engulfed the airline.


The company will split A$20 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay a A$100 million fine instead of defending the lawsuit that it had previously vowed to fight, Qantas and the Australian Competition and Consumer Commission (ACCC) said on Monday.

Indian market has 'unexplored' opportunities, says Warren Buffett

Indian market has 'unexplored' opportunities, says Warren Buffett

Billionaire investor Warren Buffett said that the Indian market has unexplored opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore in the future".

Buffett's remarks came at Berkshire's annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world's fifth-largest economy.

Three firms set to drive primary mkt with Rs 6,400 cr IPO blitz this week

Three firms set to drive primary mkt with Rs 6,400 cr IPO blitz this week

The primary market is gearing up for significant activity this week, with three companies -- Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek -- poised to float IPOs aiming to collectively raise nearly Rs 6,400 crore.

Before that, JNK India garnered Rs 650 crore through its initial share-sale last month.

ED files money laundering case against influencer Elvish Yadav, others

ED files money laundering case against influencer Elvish Yadav, others

The Enforcement Directorate has filed a money laundering case against YouTuber Siddharth Yadav alias Elvish Yadav and some others under the charge of suspected use of snake venom as a recreational drug in parties he hosted, official sources said Saturday.

The central agency has pressed charges under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a FIR.

Torrential rain, flood and landslide hit Indonesian island, 14 dead

Torrential rain, flood and landslide hit Indonesian island, 14 dead

A flood and a landslide hit Indonesia's Sulawesi island, killing 14 people, officials said Saturday.

Torrential rain pounding the area since Thursday triggered a landslide in Luwu district in South Sulawesi province, said local rescue chief Mexianus Bekabel.

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