RBI Fines Rs 84.50 Lakh on Central Bank of India
The Reserve Bank of India said on Friday it has imposed a fine of Rs 84.50 lakh on the Central Bank of India for failing...
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Hedge Fund Trader Sanjay Shah Ordered to Pay Denmark’s Tax Authority $1.25 Billion by Dubai Court
Sanjay Shah, an Indian-origin Hedge Fund trader, has been convicted of money laundering and tax fraud and has been ordered by the Dubai Court of...
Indo Tech Shares Jump 82% in 5 Days
Shares of Indo Tech Transformers (Indo Tech) jumped 10% to hit the upper circuit of Rs 358.65, hitting a fresh ten-year high in intraday trade...
Proposed Changes to Consumer Protection (E-commerce) Rules Under Way
In July 2020, the government created the Consumer Protection (E-Commerce) Rules, 2020 to regulate all goods and services bought or sold over digital or electronic...
Adani Wilmar Enters Indian Whole Grain Market with its Brand Fortune
On Friday, Adani Wilmar announced its entry into the whole grain market under its brand Fortune. It will offer multiple wheat varieties including Sharbati, Poorna...
TRAI Gives Companies 2 Weeks to Validate Templates for Sending Commercial SMS
To reduce annoying calls and text messages, the Telecom Regulatory Authority of India (Trai) on Thursday gave principal entities (PEs) two weeks to validate headers...
Hyundai Motors and LG Energy to Invest $4.3 Billion to Manufacture EV Batteries in the US
LG Energy Solution and Hyundai Motor Group plan to invest $4.3 billion or 5.7 trillion won to build a plant to manufacture electric-car batteries in...
ITC Hits Rs 5.5 Trillion Market Cap, Shares Rise for 6th Straight Day
ITC’s market capitalisation touched the Rs 5.50 trillion mark, with shares of the cigarette-to-hotel giant touching a fresh high of Rs 443.85, up 1% on...
Credit Suisse Unit Loses Case Against Former Georgian PM, to Pay $926 Million in Damages
Credit Suisse Trust Ltd, a unit of the collapsed Credit Suisse Group AG, has lost a case against former Georgian prime minister Bidzina Ivanishvili and...
General Insurance Corporation of India Shares Rise 3% After Solid Q4 Results
Shares of General Insurance Company of India (GIC) rose 3% in early trade on Friday, May 26 after releasing solid fourth-quarter numbers. Shares of General...