UPI Transactions Hit Record High in April, Touches Rs 14.07 Trillion
Unified Payments Interface (UPI) transactions hit a record high in April, worth Rs 14.07 trillion, with a transaction volume of Rs 8.9 billion. Compared with...
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SEBI’s New Bank Guarantee Rule for Brokers to be Applicable from Today
According to a new circular released by the market regulator, stock brokers and clearing members will no longer be permitted to create bank guarantees using...
JPMorgan Buys Embattled First Republic Bank After Being Seized by Regulators
First Republic Bank has been taken over by regulators and is set to be bought by JPMorgan Chase & Co, as rescue efforts fail to...
Tamil Nadu CM Stalin Withdraws Bill on Flexible Working Hours Amid Strong Opposition from Unions
On Monday, Tamil Nadu Chief Minister M K Stalin announced the withdrawal of the Factories (Tamil Nadu Amendment) Bill 2023, which allowed flexible working hours...
India April Factory Activity Hits 4-Month High on Robust Demand
On Monday, India’s factory activity expanded rapidly in four months in April, determined by solid development in new orders and output, indicating resilient demand and...
Sony Shares Fall on Weaker-Than-Expected Annual Outlook
Shares of Japanese electronics and entertainment conglomerate Sony Group Corp fell 4.8% on Monday after its annual profit outlook fell short of market expectations. The...
India Dominates Global IPO Market with Record Q1CY23 Numbers
According to a recent Ernst & Young report, India led the world in the number of IPOs in the first quarter of the calendar year....
Serentica Renewables Bags $250 Million Surplus Funding from KKR
Serentica Renewables, a Sterlite Power-backed decarbonisation dais for the Commercial and Industrial (C&I) sector, has received an additional $250 million from international investment firm KKR....
Government Revises Nutrition Standards in Children’s Food Safety Scheme
Ten years after the enactment of the National Food Safety Act (NFSA), the centre revised the nutritional standards for meals in school and anganwadis, increasing...
Byju’s CEO Claims Credit for Bringing Maximum FDI to India, Company in Compliance
Byju’s CEO, Byju Raveendran, wrote to employees that the company brought more FDI to India than any other startup, fully complying with all valid foreign...