LiveWestern Union Buys 15% Stake in STC Pay
Western Union Co. acquired a 15% stake in STC pay, a unit of Saudi Telecom Co. that’s focused on digital payments and financial technology services,...
Category : BUSINESS
FPI Invested Net Amount of Rs 49,553 Crore
Foreign Portfolio Investors (FPIs) have invested a net amount of Rs 49,553 crore in Indian markets in November so far in the wake of high liquidity.FPIs...
SBI Asks Lenders Of DHFL to Upgrade Offers
State Bank Of India (SBI), India’s largest bank, has asked the fellow lenders Oaktree Capital Management, Piramal Enterprises Ltd, Adani Enterprises Ltd, and SC Lowy to upgrade their...
SEBI Orders Subrata Roy to Pay Rs 626 Billion to Avoid Jail
Market regulator Securities and Exchange Board of India (SEBI) has petitioned the Supreme Court to direct business tycoon Subrata Roy to pay Rs 626 billion immediately to stay out...
OYO Targets to Recover After Covid
Hospitality unicorn Oyo targets its businesses to recover in a slow but steady manner, as demand inches back amid the ongoing pandemic.The company is planning to take...
Monthly Active Users Increases For Flipkart, PhonePe
Flipkart and PhonePe are seeing a record number of monthly active customers, Walmart said on Tuesday while announcing its September quarter earnings.American retail giant Walmart Inc. said that its Indian...
Odisha Approves Investment Proposals Worth Rs 460 Crore
The Odisha government has approved four investment proposals worth Rs 464.72 crore, an official said. The implementation of the investment proposals will generate employment for more than...
DBS Bank India Rescues Lakshmi Vilas Bank
The Reserve Bank of India (RBI) today placed Lakshmi Vilas Bank (LVB) under a moratorium for one month citing serious deterioration in the bank’s financial position. RBI also announced...
Korean Air to Take Over Asiana Airlines for $1.62 Billion
Korean Air Co Ltd plans to spend $1.62 billion to become the top shareholder of indebted Asiana Airlines Inc, in aviation’s first major consolidation since...
Berkshire Hathaway Invests in Four Large Drugmakers
On Monday, Berkshire Hathaway Inc. said that it has begun betting in pharmaceutical sector by investing in the stocks of four large drugmakers.As of September 30, Warren...