US Fed Approves UBS’s Plan to Takeover US Subsidiaries of Credit Suisse
UBS Group AG has received approval from the US Federal Reserve to acquire Credit Suisse’s US subsidiaries. The deal, brokered by the Swiss authorities, will...
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Vedanta Board Approves Plan to Issue NCDs to Raise Rs 2100 Crore
The board of Vedanta Ltd, a global natural resources and mining company, authorised a proposal to raise Rs 2,100 crore by issuing secured, redeemable, and...
Tridhya Tech Files DRHP with SEBI for Rs 35 Crore IPO
Full-service software development firm Tridhya Tech Limited filed a draft prospectus for Red Herring (DRHP) with SEBI on April 14, seeking Rs 35 crore through...
Mehul Choksi Wins in Court Case, Cannot be Removed from Antigua and Barbuda
Diamond businessman Mehul Choksi, wanted in India for fraud worth Rs 13,000 crore, has reportedly won a court case. The Antigua and Barbuda High Court...
NSE’s Cash Turnover Falls 20%
Investment patterns have undergone behavioural changes during the financial year, with market volatility unnerving investors. Cash turnover on the National Stock Exchange (NSE), which dominates...
Wall Street Dips Amidst Bank Stocks Rally as Rate Hike Expectations Firm
Wall Street ended in the red on Friday as mixed economic data and the potential for another Federal Reserve interest rate hike dampened investors. Despite...
Livestock Insurance Scheme will Get a Facelift
The Centre has begun discussions with states to revise the livestock insurance scheme for cattle under the National Livestock Mission by virtually waiving premiums for...
Sebi’s Accredited Investor Regime Has Few Takers
The accredited investor regime launched by the Securities and Exchange Board of India in August 2021 has failed to get off the ground, with just...
NFRA Imposes Ban, Fine on DHFL Branch Auditors
The National Financial Reporting Authority (NFRA) has imposed a total ban and a fine of Rs 400,000 on four partners of an audit firm, Varghese...
Infosys Dividend Announces Final Dividend, Murthy Family to Receive Rs 265 Crore
Infosys, India’s second-largest software services company, has announced its final dividend for the financial year ending March 31, 2023, at Rs 17.50 per equity share....