LiveUnited India Insurance Q2 Earnings Report
United India Insurance Company Limited announced its earnings for the July-September quarter of the current fiscal year. The lender reported a net profit of Rs...
Category : BUSINESS
Rescue Operation Halted to Rescue 40 Trapped Workers
On 18 November, the drilling process to reach the 40 trapped workers inside the Silkyara tunnel came to a halt after the rescuers bored 25...
Citigroup Management Reshuffle Creates Restlessness Amongst Employees
Employees of Citigroup are expecting announcements about management changes and layoffs on Monday following the next phase of the bank’s sweeping reorganisation. The Citigroup employs...
OpenAI fires CEO and Co-Founder Sam Altman For Lack of Candor
OpenAI, the organisation behind ChatGPT, has removed CEO and Co-Founder Sam Altman from his position after a review found that he was “not consistently candid...
Larsen and Toubro Slapped with a Tax Penalty Worth Rs 238.9 Crore from Qatar
Larsen and Toubro (L&T) were charged with penalties worth Rs 111.31 crore and Rs 127.6 crore by Qatar’s income tax authorities, citing variation in the...
Banks Might Need Rs 84,000 Crore Excess Capital Following RBI’s Tweaks On Unsecured Loans
Reserve Bank of India, on 17 November, tightened the norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight...
Hinduja Group Firm to Acquire Debt-ridden Reliance Capital, RBI Approves Resolution Plan
The Reserve Bank of India (RBI) has approved the resolution plan for debt-ridden Reliance Capital, paving the way for Hinduja Group entity IndusInd International Holdings...
Bharti Airtel to Allot 14.16 Lakh Equity Shares to Selected FCCBs Holders
Bharti Airtel, on 17 November, announced that its committee of directors have approved the allotment of 14.16 lakh equity shares at a conversion price of...
Corporates Suspend Advertisements on X Following Musk’s Support for Antisemitic Post
Several major brands, including Apple, IBM, Disney, Lionsgate, and Warner Bros, have decided to suspend their advertisements on the social media platform X (formerly Twitter)...
Amazon to Starting Selling Cars Online in 2024, Partners with Hyundai
Amazon has teamed up with Hyundai to sell cars online, with the venture set to kick off in the second half of 2024. The announcement...