LiveED Fines Rs 80 Crores on Magma HDI, Sanjay Chamria, Mayank Poddar
The Enforcement Directorate (ED) has fined a penalty of Rs 80 Crores on Magma HDI General Insurance, Sanjay Chamria, and Mayank Poddar due to violation...
Category : BUSINESS
EESL Targets Installation of 1.6 Cr More ‘Smart LED’ Streetlights by 2024
The state-run Energy Efficiency Services Ltd (EESL) aims to install an additional 1.6 crore ‘smart LED’ streetlights across the nation by 2024. The EESL’s Streetlight...
RBI Raises Concerns Over Stablecoins
The Reserve Bank of India (RBI) has raised worries about stablecoins and said that any crypto asset attached to other global currencies could damage the...
G E Shipping Surges 9% on Share Buyback Plan
Shares of Great Eastern Shipping surged 9 per cent to Rs 299.85 on the BSE intra-day trade after the company announced its plan for share...
Tencent to Give $16.4 Billion JD.Com Stake as Dividend
Tencent will give a $16.4 billion JD.com stake as a dividend to its shareholders, which has weakened its ties with the e-commerce firm and raised...
Vedanta to Raise Rs 1,000 Crore by Offering NCDs
Vedanta Limited is a subsidiary of Vedanta Resources Limited, which will raise Rs 1,000 crore by offering “rated, secured, redeemable, non‐cumulative, non‐convertible debentures”, the company...
Banks Need $70 Billion More to Support Aim of $5 Trillion Economy, Says SBI Chairman
Banks may need to be capitalised at present. Still, they would need additional capital of $70 billion ( Rs 5.3 trillion) to support India’s ambitions...
Amazon Plans CCI Nod to Acquire Catamaran’s Stake in Cloudtail-Parent Prione
Amazon, India has approached the Indian antitrust body, Competition Commission of India (CCI), to seek its approval for acquiring Narayana Murthy-led Catamaran Ventures’ stake in...
Zee Entertainment Finalizes Deal With Sony’s India Unit
Sony’s India unit and its local rival, Zee Entertainment, have finalized a deal to merge television channels, film assets and streaming platforms, Zee said. Zee...
SBI Buys Minority Stake in JSW Cement For Rs 100 Crore
JSW Cement announced that the State Bank of India (SBI) had bought a minority stake by investing Rs 100 Crore through compulsorily convertible preference shares...