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Business

692 posts

Read business news at Readselective.com.

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  • Business

Delhi HC imposes Rs 2 lakh fine on ex-Bharat Pe MD Ashneer Grover for derogatory posts

  • November 29, 2023
Earlier this month, Grover and his wife Madhuri Jain were reportedly stopped at the Delhi international airport due to a lookout circular issued against them in connection with the alleged…
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  • Business

‘It’s business as usual,’ Raymond CMD Gautam Singhania assures board, employees amid split with Nawaz Modi

  • November 28, 2023
‘I remain resolute as CMD and fully committed towards the smooth functioning of the company and its business,’ says Singhania in an internal email Raymond Ltd CMD Gautam Singhania has…
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  • Business

Mark Zuckerberg’s daily routine includes wearing same outfit, eating 4K calories — and learning Taylor Swift songs

  • November 27, 2023
One of the richest people in the world is learning how to be a Swiftie. Mark Zuckerberg reportedly wears the same outfit and trains with MMA fighters several times per…
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  • Business

UAE-Based Indian Bizman Dilip Popley Hosts Daughter’s Wedding On Private Jet In Dubai’s Skies Just Like He Did For Himself 28 Years Ago

  • November 27, 2023
The Dubai-based Indian couple was accompanied by approximately 350 wedding attendees, including close friends, immediate family, and media representatives, at a Jetex private terminal located in Dubai South. Dilip Popley,…
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  • Business

Russian, Chinese businessmen considering secret undersea tunnel connecting to Crimea: report

  • November 26, 2023
The underwater tunnel would hypothetically provide safer alternative travel through the Kerch Strait Russian and Chinese business leaders have considered the construction of an underwater tunnel connecting Russia and Crimea,…
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  • Business

Warren Buffett exits Paytm selling entire 2.46% stake, books a loss of about Rs 507 crore

  • November 25, 2023
The transaction happened at an average price of Rs 877.2 per share. Earlier shares of Paytm tanked 3.23 percent to Rs 893. Warren Buffett-led Berkshire Hathaway has exited One 97…
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  • Business

‘Stupid mistake’: Raymond founder Vijaypat Singhania laments giving ‘everything’ to son Gautam

  • November 24, 2023
The ex-textile magnate handed over the company’s reigns to the latter in 2015. Raymond Group founder Vijaypat Singhania on Thursday lamented making the ‘stupid’ mistake of giving ‘everything’ to son…
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  • Business

IREDA IPO: Issue subscribed 38.8 times, retail portion booked 7.73 times on final day

  • November 24, 2023
IREDA IPO| The offer a fresh comprise a fresh issue of 40.31 crore equity shares worth Rs 1,290.13 crore and an offer-for-sale of 26.87 crore shares worth Rs 860.08 crore…
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  • Business

The era of the operator founder: Why investors love departing startup executives

  • November 24, 2023
While a majority of the departing executives are going back into the ecosystem and starting a new business, a small portion of them have chosen to simply change their sectors.…
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Bengal Global Business Summit 2023: Reliance invested Rs 45,000 cr in state, says Mukesh Ambani

  • November 22, 2023
Bengal Global Business Summit 2023: Speaking at the event, RIL Chairman Mukesh Ambani said that the company will try its best to accelerate West Bengal’s growth and has plans to…
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  • Business

38 lakh weddings to generate Rs 4.74 lakh crore starting November 23

  • November 22, 2023
According to CAIT, over 4 lakh weddings are expected to be held this season in Delhi alone generating a business of about Rs 1.25 lakh crore. After witnessing record-breaking sales…
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  • Business

Hyundai, Kia face US safety probe into automakers’ recalls

  • November 21, 2023
Investigation to cover 6.4 million vehicles at risk of fire The National Highway Traffic Safety Administration (NHTSA) is investigating a series of recalls covering 6.4 million Hyundai and Kia vehicles…
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  • Business

How Big Tech Generated Billions In Fines… Then Didn’t Pay Them

  • November 20, 2023
Rarely a month goes by without big tech companies getting fined for price fixing, squashing competitors or misusing data, but it can take years before they pay a penny. Ireland’s…
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  • Business

India a $4 trillion economy? Adani to Fadnavis hail, but no official word

  • November 20, 2023
The finance ministry and the National Statistical Office did not immediately comment on the viral social media post on India’s GDP crossing USD 4 trillion. Billionaire Gautam Adani to two…
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  • Business

Ashneer Grover, Wife Madhuri Stopped At Delhi Airport From Leaving For US; Receives Summons From EOW

  • November 18, 2023
Ashneer Grover and his wife Madhuri Jain Grover were stopped at the Indira Gandhi International (IGI) Airport on Thursday evening by the Economic Offences Wing (EOW) of Delhi Police while…
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  • Business

UK authorises gene therapy for blood disorders in world first

  • November 17, 2023
Britain has authorised a gene therapy that aims to cure sickle-cell disease and another type of inherited blood disorder for patients aged 12 and over, the country’s medical regulator said…
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  • Business

Amazon to sell cars online, starting with Hyundai

  • November 17, 2023
It was inevitable. Amazon, which got its start selling books, is getting into the car business. The e-commerce giant along with new partner Hyundai announced Thursday at the 2023 LA…
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  • Business

Block deal: SoftBank may sell Delhivery shares worth $150 million today, says report

  • November 17, 2023
Delhivery’s Q2 performance in surface express was robust. Regaining lost wallet share during Spoton’s integration along with yield improvement in the PTL business underpins the management’s focus on improving profitability,…
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  • Business

‘Blessed to have my in-laws’ support,’ says wife of Raymond’s Gautam Singhania amid separation after 24-year marriage

  • November 15, 2023
Nawaz Modi Singhania, the wife of Raymond Ltd Chairman and Managing Director Gautam Singhania, shared a video on social media of her participating in a Diwali puja with her in-laws…
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  • Business

India weighs five-year tax cuts on EV imports to woo Tesla

  • November 14, 2023
The Indian government is working on an electric vehicle policy that would allow international car manufacturers to import battery-powered vehicles on concessional duty rates if they commit to eventually building…
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  • Who was the charity of Lord Krishna?
  • Which festival is celebrated in India to thank sun god for the harvest?
  • Disease could be bigger killer than bombs in Gaza – WHO
  • Gay activists in Russia fear arrest as top court weighs “extremist” listing
  • Israel-Gaza latest: Hostages handed over in latest exchange; Hamas invites Musk to see destruction
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PRS Oberoi, Doyen Of Indian Hospitality, Passes Away At 94; Hotel Magnate Leaves Behind A Rich Legacy

  • November 14, 2023
Prithvi Raj Singh Oberoi held the position of Executive Chairman at EIH Limited, the flagship company of The Oberoi Group, and served as the Chairman of Oberoi Hotels Private Limited. … Read more
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  • Business

Mahadev betting app case: Dabur Group Chairman Mohit Burman, Director Gaurav Burman named among accused in FIR

  • November 14, 2023
The names of Dabur Group Chairman Mohit Burman and Director Gaurav Burman are among the 31 people named as accused in an FIR filed by the Mumbai Police in the … Read more
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  • Business

From celebrity brand ambassadors to designers taking couture by storm: Indian luxury market is coming of age

  • November 13, 2023
Indian designers are making a splash on the world stage, while the biggest of global brands are wooing India’s growing affluent class like never before It’s the first week of … Read more
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  • Business

Oil set for third weekly decline as Middle East conflict concerns ebb

  • November 10, 2023
Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas … Read more
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  • Business

Small-cap funds again in the limelight after a brief blip

  • November 10, 2023
Amfi Data shows that small-cap funds saw net inflows of Rs 4,495.13 crore in October—the highest among all categories on equity-oriented schemes The BSE SmallCap index, which is looked upon … Read more
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  • Business

Elon Musk’s Tesla to enter India soon? All eyes on high-level meeting next week

  • November 9, 2023
Commerce minister  Piyush Goyal is all set to meet billionaire Elon Musk in the United States next week as the two sides look to advance Tesla’s plan to enter the … Read more
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  • Business

What Led to the Fall of the US’s Once Most Valued Startup?

  • November 8, 2023
The first reports of WeWork’s financial decision made rounds in August when it said there were “substantial doubts” about continuing operations On Tuesday, Softbank Group-backed startup WeWork filed for bankruptcy … Read more
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  • Business

Gold prices expected to reach Rs 63,000 during Diwali: MOFSL Report

  • November 8, 2023
There are, however, headwinds for the metal like a potential hard landing, further rate hikes, geopolitical tensions and higher real rates Gold and silver prices have swung sharply this year … Read more
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  • Business

Billionaire Flipkart founder ready to launch stealth AI startup

  • November 7, 2023
Bansal, who co-founded online retailer Flipkart and sold it to Walmart Inc., has hired 15 experts for the venture — mostly artificial intelligence scientists — and plans to quickly add … Read more
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  • Business

Italy to seize $835m from Airbnb in tax evasion inquiry

  • November 7, 2023
An Italian judge has ordered the seizure of €779.5m ($835.5m; £676.8m) from short-term rental giant Airbnb, over alleged tax evasion. Prosecutors say the firm failed to collect a tax from … Read more
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  • Business

Swiss-designed technology helps Parkinson’s patient walk again

  • November 7, 2023
A long-term Parkinson’s disease patient, Marc Gauthier had essentially been confined to his home until he became the first person to receive a new Swiss-designed implant that dramatically improved his … Read more
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  • Business

Rupee trades flat at 83.24 to dollar as most Asian currencies decline

  • November 7, 2023
In a recent interview with Moneycontrol, Morgan Stanley stated that they’ve been predicting that the Fed won’t implement further rate hikes, which aligns with their expectations The rupee opened marginally … Read more
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  • Business

Most Expensive ZIP Codes in the United States Revealed for Homebuyers

  • November 7, 2023
The United States’ most expensive ZIP codes for home buyers are concentrated primarily on the coasts, according to a recent report by PropertyShark, a real estate data site owned by … Read more
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  • Business

Govt blocks Mahadev app, 21 other illegal betting platforms on ED request

  • November 6, 2023
The action follows investigations conducted by the Enforcement Directorate (ED) against illegal betting app syndicate and subsequent raids on Mahadev Book in Chhattisgarh, revealing the app’s unlawful operations. New Delhi: … Read more
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  • Business

Elon Musk releases new AI chatbot ‘Grok’ in bid to take on ChatGPT

  • November 6, 2023
Billionaire’s xAI start up unveils generative AI model in challenge to Microsoft-backed OpenAI and Google Elon Musk’s artificial intelligence start-up xAI has released its first AI model, as the tech … Read more
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  • Business

Byju’s FY22 Results: Operating Losses Fall 6% To Rs 2,400 Crore, Revenue Grows 2.3 Times

  • November 5, 2023
Edtech firm Think and Learn Private Ltd, which operates under the brand name of Byju’s, on Saturday reported audited results for 2022, but only for its core business, not including … Read more
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  • Business

Now you can travel from Kolkata to Agartala via Dhaka in 10 hours

  • November 2, 2023
Modi and his Bangladesh counterpart virtually inaugurated the Akhaura-Agartala Cross-Border Rail Link rail link and Khulna-Mongla Port rail line. Both will boost movement of passengers and goods transport between India … Read more
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  • Business

WeWork plans to file for bankruptcy as early as next week, source says

  • November 1, 2023
WeWork (WE.N) plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive … Read more
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  • Business

Nearly 100 dead or missing in Mexico from hurricane, food and water worries persist

  • October 31, 2023
The number of people dead and missing due to Hurricane Otis, a Category 5 storm which hammered the Mexican Pacific resort city of Acapulco last week, has risen to nearly … Read more
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  • Business

Demand for luxury homes worth over ₹1.5 crore goes up, around 84,400 houses sold between Jan-Sept this year

  • October 30, 2023
Hyderabad luxury housing sales rose by 260% between January and September in 2023. MMR luxury housing sales increased by 74% annually. India’s luxury housing units have witnessed a robust demand … Read more
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  • Business

Narayana Murthy says India’s work culture must change: ‘Youngsters should work 70 hours a week’

  • October 27, 2023
Narayana Murthy called for more discipline and improvement in work productivity. ‘Our culture has to change to that of highly determined, extremely disciplined and extremely hard-working people,’ he said. Infosys … Read more
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  • Business

Bitcoin hits three-month high, buoying crypto stocks

  • October 24, 2023
The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global and Marathon Digital Holdings up 6.5 per cent and 11.9 per cent respectively. Bitcoin is … Read more
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  • Business

Elon Musk Willing To Offer $1 Billion To Wikipedia If It Changes Name To…

  • October 23, 2023
When a user urged Wikipedia to go ahead with the name change, Mr Musk set another condition. “@Wikipedia, Do it! You can always change it back after you collect,” the … Read more
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  • Business

Kotak Mahindra Bank: New external CEO, likely acquisition are overhangs, say analysts

  • October 23, 2023
Kotak Bank: In the case of Vaswani’s appointment, the Street was expecting the only two contenders for the bank’s CEO post were Kotak Mahindra Bank’s two existing Executive Directors. Kotak … Read more
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  • Business

Foxconn: Taiwan-based iPhone-maker investigated by China

  • October 23, 2023
China has launched an investigation into Taiwan-based iPhone-maker Foxconn, Chinese state media reported on Sunday. The Global Times, citing anonymous sources, says officials conducted tax inspections at Foxconn businesses in … Read more
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  • Business

‘Reddit can survive without search’: company reportedly threatens to block Google

  • October 21, 2023
The Washington Post reported Friday that Reddit might cut off Google and force users to log in to Reddit itself to read anything, if it can’t reach deals with generative … Read more
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Nestle India Q3 results: Profit jumps 37% to Rs 908 crore; FMCG firm announces dividend, stock split

  • October 19, 2023
The FMCG major announced a second interim dividend of Rs 140 for the financial year while announcing sub-division or split of shares of face value of Rs 10 each fully … Read more
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  • Business

Here comes another Netflix price hike

  • October 19, 2023
Netflix is getting another price increase. As part of the streamer’s third quarter earnings results, Netflix announced that starting today, users on its $9.99 per month Basic plan will now … Read more
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GST Authorities Crack Down on 70 Digital Companies, Including Tech Giants Facebook & Google For Tax Compliance

  • October 18, 2023
The new GST rules for all foreign subscription-based service providers to Indian consumers, effective from October 1, require them to undergo a simplified registration process under the GST law, either … Read more
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  • Business

Rolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News

  • October 17, 2023
Rolls-Royce Holdings (RR.L) is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday. … Read more
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  • Who was the charity of Lord Krishna?
  • Which festival is celebrated in India to thank sun god for the harvest?
  • Disease could be bigger killer than bombs in Gaza – WHO
  • Gay activists in Russia fear arrest as top court weighs “extremist” listing
  • Israel-Gaza latest: Hostages handed over in latest exchange; Hamas invites Musk to see destruction
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‘Some groups and individuals working overtime to harm our name’: Adani Group amid allegations against Mahua Moitra

  • October 17, 2023
BJP MP Nishikant Dubey wrote a letter to the Lok Sabha Speaker Om Birla making “cash for query” allegations against Trinamool Congress MP Mahua Moitra The Adani Group has reacted … Read more
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IKEA’s strategic vision for penetrating Indian markets with speed and depth | Q&A

  • October 15, 2023
IKEA has delivered on its promise of investing over Rs 10,500 crore in India, says deputy CEO & CFO of IKEA. In an exclusive conversation, Juvencio Maeztu tells CNBC-TV18’s Shereen … Read more
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Ferrari to accept crypto as payment for its cars in the US

  • October 15, 2023
Ferrari (RACE.MI) has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, … Read more
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It’s time for peace, brotherhood; it’s time to walk together: PM Modi

  • October 14, 2023
Terrorism anywhere in the world and any form is against humanity, and it was saddening that consensus has not been achieved on the definition of terrorism, Prime Minister Narendra Modi … Read more
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From Zepto’s Kaivalya Vohra to Kedaara Capital’s Manish Kejriwal: Key Highlights from Hurun India Rich List 2023

  • October 11, 2023
The ‘funding winter’ and its ripple effects led to startup founders experiencing a collective wealth dip of Rs 85,000 crore, according to the report Hurun India and 360 ONE Wealth … Read more
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India’s space economy to touch $44 billion by 2033, says IN-SPACe Chairman Pawan Goenka

  • October 11, 2023
Space regulator Indian Space Promotion and Authorisation Centre also estimates $22 billion investments in the Indian space sector by 2033 and $11 billion exports In what could be a shot … Read more
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Mukesh Ambani Tops Hurun India Rich List; Gautam Adani 2nd; Check Other Names

  • October 11, 2023
Mukesh Ambani has raced ahead of Gautam Adani to become the richest Indian on a list of wealthiest people in the country. A total of 1,319 individuals from 138 cities … Read more
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GST on online gaming, horse racing, and casinos to be applicable from Oct 1, 2023

  • October 8, 2023
The Revenue Secretary says GST notices to online gaming companies are not retrospective in nature There will be no backtracking on the applicability of the 28 per cent goods and … Read more
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RBI holds repo rate at 6.5%, inflation focus continues; FY24 GDP forecast unchanged at 6.5%

  • October 7, 2023
MPC voted to remain focused on withdrawal of accommodation by 5 votes to 1, said RBI’s Shaktikanta Das while announcing the committee’s decision. FY24 inflation projection unchanged at 5.4 percent. … Read more
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Dengue will ‘take off’ in southern Europe, US, Africa this decade, WHO scientist says

  • October 7, 2023
Dengue fever will become a major threat in the southern United States, southern Europe and new parts of Africa this decade, the WHO’s chief scientist said, as warmer temperatures create … Read more
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WHO says no new cases of Nipah virus detected since Sept 15

  • October 4, 2023
No fresh cases of the deadly Nipah virus have been detected since Sept. 15 in India’s southern state of Kerala, the World Health Organization (WHO) said on Tuesday. In its … Read more
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Abu Dhabi-based IHC raises stake in Adani Enterprises to over 5%

  • October 4, 2023
In its filing, the IHC said that it believes “the inherent strength of airports, data centres, green hydrogen and various other verticals being incubated under Adani Enterprises is poised to … Read more
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Google doesn’t allow competition, Apple is kingmaker: Nadella testifies in Google anti-trust trial

  • October 4, 2023
Satya Nadella, the CEO of Microsoft, testified as a witness for the US Justice Department in a antitrust trial against Alphabet, the parent company of Google. Google, which controls almost … Read more
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India notifies 28% GST and key changes for overseas online gaming platforms, effective October 1

  • October 1, 2023
The regulations require non-resident taxable individuals and those supplying online gaming services to register and declare PAN. Valuation norms, registration form for overseas players also notified The Finance Ministry has … Read more
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RBI extends deadline to return Rs 2,000 notes at bank branches till October 7

  • October 1, 2023
Moneycontrol had on September 29 exclusively reported that the RBI is likely to extend the deadline for public for returning Rs 2000 notes to facilitate remaining bank customers deposit or … Read more
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India’s April-August fiscal deficit widens to Rs 6.43 lakh crore but tax collections surge

  • September 30, 2023
The government’s fiscal deficit for only August, was Rs 37,233 crore, down 81 percent from the same month of the previous year, as tax collections surged The government’s fiscal deficit … Read more
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Ashwin Dani – The life and legacy of the man behind Asian Paints’ success

  • September 29, 2023
Ashwin Dani, the co-founder and non-executive director of Asian Paints, died at the age of 81 on Thursday, September 28, 2023. The doyen of India’s paint industry, Dani’s life and … Read more
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Hollywood prepares for partial return to work after writers’ deal

  • September 26, 2023
Talk show producers started planning new episodes on Monday, the first steps to put Hollywood back to work after writers reached a tentative deal to end their nearly five-month strike. … Read more
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Over 100 more online gaming firms to be investigated for GST evasion

  • September 26, 2023
DGGI to launch probes into these companies; sources indicate that the total money involved could be over Rs 33,000 crore. The tax authorities are set to spread their net wider … Read more
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After second intimation, Delta Corp’s GST liability totals to nearly Rs 17,000 crore

  • September 23, 2023
The tax liability is for a period from July 2017 to March 2022. If they fail to do so, the company will be served with a show-cause notice, Delta Corp … Read more
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JPMorgan to add Indian bonds to its emerging markets index from June 2024

  • September 22, 2023
The inclusion of the IGBs will be staggered over a 10-month period from June 28, 2024 to March 31, 2025, implying an inclusion of 1 percent weightage per month. A … Read more
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‘May shut down’: Akasa Air in a state of crisis after 43 pilots resign; expects to cancel 700 flights

  • September 21, 2023
Akasa Air pilots resign: The sudden resignation of the pilots has forced the carrier to cancel 24 flights per day in September. The newly launched Akasa Air is in a … Read more
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Former upGrad CEO Arjun Mohan becomes Byju’s India CEO, replacing Mrinal Mohit

  • September 21, 2023
Mohan joins the edtech major at a time when it is engaging with potential suitors to sell two of its key assets, even as it awaits the long-elusive fresh equity … Read more
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Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow

  • September 21, 2023
But a ‘solid’ economy with still ‘strong’ job growth, Powell said The US Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its … Read more
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EU may become as hooked on China batteries as it was on Russian energy

  • September 18, 2023
The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless … Read more
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Erdogan asks Musk to build Tesla factory in Turkey

  • September 18, 2023
Turkish President Tayyip Erdogan asked Tesla (TSLA.O) CEO Elon Musk to build a Tesla factory in Turkey, the country’s communications directorate said on Monday. It cited Musk as saying that … Read more
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WHO chief pushes China for ‘full access’ to determine COVID’s origins, Financial Times reports

  • September 18, 2023
The chief of the World Health Organization urged Beijing to offer more information on the origins of COVID-19 and is ready to send a second team to probe the matter, … Read more
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NGT seeks action-taken report on noise pollution by banquet halls in Delhi’s Karol Bagh

  • September 18, 2023
A bench of Chairperson Justice Prakash Shrivastava said an action-taken report was submitted by the Delhi Pollution Control Committee’s (DPCC) senior environmental engineer following the tribunal’s order. The National Green … Read more
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Ola restarts bike taxi operation in Bengaluru, goes all electric

  • September 17, 2023
The firm has fixed the pricing as Rs 25 for 5km, Rs 50 for 10km. The move comes despite several legal tussles with various state governments to run bike taxis. … Read more
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UN rights chief slams Musk ‘trolling campaign’ against anti-defamation group

  • September 14, 2023
The UN rights chief decried Wednesday an online “trolling campaign” against a leading anti-defamation group, urging online platforms like X, formerly Twitter, to do more to battle hate speech. United … Read more
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Recent Posts

  • Who was the charity of Lord Krishna?
  • Which festival is celebrated in India to thank sun god for the harvest?
  • Disease could be bigger killer than bombs in Gaza – WHO
  • Gay activists in Russia fear arrest as top court weighs “extremist” listing
  • Israel-Gaza latest: Hostages handed over in latest exchange; Hamas invites Musk to see destruction
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  • Business

RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan

  • September 14, 2023
Lenders to be penalised ₹5,000 per day in case of delay on their part. The Reserve Bank of India (RBI) has issued directions to Regulated Entities (REs) such as banks … Read more
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Nifty scales Summit 20,000: 10 best bets for double-digit returns as bulls keep up the rally

  • September 12, 2023
The next targets for the Nifty50 to watch out for would be 20,500-21,000 in the short term, considering the strong momentum sustained through the last seven sessions with participation from … Read more
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Byju’s considering sale of Great Learning and Epic to settle $1.2 billion term loan

  • September 12, 2023
The company has put two of its group firms — higher education platform Great Learning and kids-focused digital reading platform Epic – on sale to raise immediate funds to meet … Read more
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Morning Buzz: Nifty hits all-time high of 20,000, Byju’s to sell Epic, Great Learning to pay loan

  • September 12, 2023
Nifty hits all-time high of 20,000 The Nifty hit an all-time high of 20,000 taking 51 trading sessions to get there after breaching the 19,000 mark on June 28. The … Read more
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RBI To Launch Digital Rupee Pilot In Call Money Market By October; Check Full List Of Banks Selected

  • September 11, 2023
The pilot project for the wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched on November 1, 2022. The Reserve Bank of India (RBI) is planning to launch a … Read more
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RBI governor announces 5 new exciting payments solutions at Global Fintech Fest 2023

  • September 7, 2023
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday (September 6) unveiled a suite of payments products developed by the National Payments Corporation of India (NPCI) during the … Read more
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‘Investment of ₹10,000 in 1985 would be now ₹300 crore,’ says Uday Kotak

  • September 4, 2023
Asia’s richest banker Uday Kotak, who yesterday quit as CEO and MD of the Kotak Mahindra Bank highlighted how his investment of ₹10,000 has given him crores of returns. In … Read more
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Succession at Kotak Mahindra Bank: Dipak Gupta, Shanti Ekambaram, and K.V.S. Manian in running to succeed Uday Kotak

  • September 3, 2023
The board has named Dipak Gupta, the most senior professional, as the interim MD & CEO, for a three-month period until December this year. Kotak’s term as MD&CEO was supposed … Read more
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Mukesh Ambani succession plan: The new generation taking over from Asia’s richest man

  • September 3, 2023
For months, the world has been captivated by the last season of Succession, the Emmy-winning TV drama on the lives of the corporate élite. But in India, a real-life succession … Read more
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RBI Governor Shaktikanta Das achieves top rating among global central bankers

  • September 2, 2023
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated ‘A+’ in the Global Finance … Read more
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PhonePe enters stock trading segment with Share.Market app: All you need to know

  • August 31, 2023
The app is PhonePe’s ‘biggest launch of the year,’ according to CEO and co-founder Sameer Nigam. Digital payments platform PhonePe on Wednesday announced its foray into the stock broking segment, … Read more
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Govt slashes LPG prices by ₹200 and expands PM Ujjwala Yojana

  • August 30, 2023
In a bid to counter rising kitchen inflation, the Government reduces domestic LPG prices by ₹200, benefiting 33 crore households, and expands PM Ujjwala Yojana with 75 lakh new connections. … Read more
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Adani-Hindenburg issue: ‘Regulatory tools can lead to better corporate governance,’ says FM Sitharaman

  • August 30, 2023
Amidst complexities, Sitharaman highlighted the role of the Securities and Exchange Board of India (SEBI) in discerning genuine concerns from manipulative actions Recent developments in the financial landscape, including the … Read more
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Hurricane Idalia strengthens en route to Florida, threatening dangerous storm surge

  • August 30, 2023
Hurricane Idalia gained fury over the Gulf of Mexico on Tuesday as it crawled toward Florida’s Gulf Coast, forcing evacuations in low-lying coastal areas expected to be swamped when the … Read more
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Reliance AGM 2023: Nita Ambani Steps Down; Isha, Akash and Anant Appointed Non-Executive Directors

  • August 29, 2023
Reliance AGM 2023:The Board of Directors of the Company considered and recommended to the shareholders the appointment of Isha M. Ambani, Akash M. Ambani, and Anant M. Ambani as Non-Executive … Read more
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The legal luminary invoked the epitaph of famous architect Christopher Wren — “If you want to see his monument, look around you” — and said the government can make a similar boast.

  • August 28, 2023
Explaining why he is optimistic about India’s future, prominent lawyer and Managing Partner of Karanjawala and Co, Raian Karanjawala, said that the development we see in the country today is … Read more
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MC Exclusive: Sunil Mittal bullish on India, says country on China-like growth path

  • August 26, 2023
“India is on a growth path, which we saw in China 25 years back. We have strong tailwinds. I personally feel it,” Mittal said. India is on a growth path … Read more
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Zepto India’s first unicorn in 2023; bags $200 million

  • August 26, 2023
The round was led by US investor StepStone Group, which made its first direct investment in an Indian firm. New Delhi: Zepto on Friday said it has raised $200 million … Read more
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‘China Has 10 Years Left, At Most’ — 100 Million Population Drop Could Lead To Economic Disaster, According To Famed Analyst

  • August 26, 2023
Renowned geopolitical analyst Peter Zeihan recently made a startling prediction during an interview with commentator Joe Rogan. Zeihan believes that China’s collapse is imminent, with only 10 years remaining before … Read more
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G20 Summit in Delhi: All schools, offices, banks to be shut from Sep 8-10

  • August 23, 2023
The Delhi Police had requested Delhi Chief Secretary to declare a public holiday on these three days for G-20 Summit in New Delhi and order commercial and business establishments to … Read more
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