Indian Government approves world’s largest food storage scheme

The Indian government has approved the world’s largest food storage scheme, which will cost ₹1 lakh crore (US$14 billion). The scheme will involve the construction of 70 million tonnes of food storage capacity in the cooperative sector, which will help to improve food security in India. The scheme was approved by the Cabinet Committee on … Read more

Nvidia reaches $1 Trillion market cap


Nvidia reached a market capitalization of $1 trillion on May 26, 2023. This made it the fifth US company to achieve this milestone, after Apple, Microsoft, Alphabet, and Amazon. Nvidia’s stock price has been on a tear in recent months, thanks to strong demand for its chips from a variety of industries, including gaming, artificial … Read more

Alan’s Bugles are back!


Alan’s Bugles, a popular corn snack brand owned by General Mills, has entered the Indian market in partnership with Reliance Consumer Products Limited (RCPL). The product will be available in three flavors – Original (Salted), Tomato, and Cheese – and will be priced starting at Rs 10. The product will first be launched in Kerala … Read more

Why did Medplus Health Services Ltd share 16% up today?

Strong quarterly results: Medplus reported strong quarterly results on May 25, 2023. The company’s revenue grew by 35% year-on-year to Rs 1,260 crore, while its net profit grew by 40% year-on-year to Rs 100 crore. Financial Results (Q4 FY2023) – QoQ Comparison Financials Q4 FY2023 Q3 FY2023 % Change Total Income ₹1266.676 crs ₹1201.675 crs 5.41% … Read more