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Sebi revises investment norms for trustees, employees of AMCs
Market regulator Sebi on Thursday tightened the norms for investments in securities by employees, board members and trustees of asset management companies (AMCs). The new framework will help avoid any actual or potential conflict of…
First project under last-mile real estate fund wrapped up
THE GOVERNMENT-BACKED SWAMIH Fund has announced its successful exit from the CCI Rivali Park Wintergreen project in Mumbai, which was the first beneficiary of the initiative to provide last-mile funding to affordable housing projects that…
Worst slump in 6 months: Sensex falls 1,100 points as concerns rise
Domestic stock markets came under intense selling pressure Thursday amid global concerns that recovery from the Covid pandemic will slow down as elevated inflation is likely to force central banks to tighten monetary policy. While the…
‘Azim Premji retains top giver rank in FY21’
Industrialist Azim Premji donated Rs 9,713 crore, or Rs 27 crore a day, to retain his top rank among Indian philanthropists in FY21 showed a report on Thursday.
According to the Edelgive Hurun India Philanthropy List 2021, the founder…
Ultra-high gas prices lead to surge in oil prices and pressure of climate agenda: Rosneft
Rome, Oct 28 (UNI/Sputnik) Ultra-high gas prices will lead to an even stronger "warming up" of oil prices amid the climate agenda pressure on the global energy market, which leads to reduction of investment in hydrocarbon production, CEO of…
UAE expects to send new Astronaut to space in 2 Years: Emirati Space Center
Dubai, Oct 28 (UNI/Sputnik) The United Arab Emirates expects to send another astronaut into orbit in a few years after completing training with NASA, but not necessarily on the US spacecraft, the Assistant Director General for Scientific…
Online watch cyberattacks: ‘Some nations may turn hackers for hire’
Nation states, which have so far used dedicated teams to carry out cyberattacks on the online and offline infrastructure of other countries can, in 2022, turn “hackers for hire” by opting to work for other countries, global cybersecurity…
‘Top 10% owns over half of global income; very moderate wealth tax can help bottom 50%’
The bottom 50 per cent of the global population owns just 2 per cent of wealth and 8 per cent of income, while the top 10 per cent of population owns 76 per cent of total household wealth and captured 52 per cent of total income in 2021,…
Maruti net dives 65.7% on chip crunch, high commodity prices
Hit by a rise in input cost, following the jump in commodity prices, and decline in sales on account of ongoing semiconductor shortage, Maruti Suzuki India reported a 65.7 per cent dip in consolidated net profit at Rs 486.9 crore for the…
EAC-PM: 3 new members inducted
The government has reconstituted the Economic Advisory Council to the Prime Minister for a period of two years after its term came to an end last month. Bibek Debroy continues to be the Chairman of the EAC-PM. Former RBI Deputy Governor…
‘Clear Air India dues, buy tickets in cash’
The Finance Ministry has directed all central ministries and government departments to clear dues to Air India immediately. The Department of Expenditure (DoE) also said that government departments may purchase tickets from Air India in…
Loan outreach: PSBs sanction ‘11,168 cr to 1.93 lakh accounts’
Banks have sanctioned loans worth Rs 11,168 crore to about 1.93 lakh accounts under the credit outreach programme, Finance Minister Nirmala Sitharaman said Tuesday. Banks are holding special camps across the country to sanction loans to…
Axis Bank net profit rises 86%
Axis Bank on Tuesday reported an over 86 per cent jump in its standalone net profit at Rs 3,133.32 crore in the second quarter ended September 2021.
The bank had posted a net profit of Rs 1,682.67 crore during the same period of the…
Jio-bp opens its first fuel station in Navi Mumbai; plans 5.5K by FY25
Reliance BP Mobility Ltd (RBML) on Tuesday launched the first Jio-bp branded mobility station in Navi Mumbai, Maharashtra.
The joint venture between Reliance Industries (RIL) and global oil major bp is planning to set up a network of…
Drone deliveries a step closer: Public, private providers to manage traffic
In what could be the first step towards allowing beyond visual line of sight (BVLOS) drone operations, the Ministry of Civil Aviation has notified a traffic management framework for drones, under which public and private third-party service…
At $1 trillion, Tesla’s market cap is more than India’s top five listed companies combined
Tesla hits $1 trillion dollar market cap: Tesla Inc’s record run in the stock market on Monday saw its market capitalisation surge past the $1 trillion mark, making it the first-ever car manufacturer to join the esteemed list of…
DoT celebrates ‘Azadi Ka Amrit Mahotsav’ in Punjab
Chandigarh, Oct 26 (UNI) Azadi Ka Amrit Mahotsav is an initiative of the Government of India to celebrate and commemorate 75 years of Progressive India and the glorious history of its people, culture and achievements. This Mahotsav is…
Asks auditors to check related party transactions: RBI Governor flags ‘camouflaged’ transactions,…
With several instances of fund diversion and transfer of profits to “connected parties” surfacing, Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday asked auditors to identify and thoroughly scrutinise related or connected…
Government signs share purchase agreement with Tata Sons for Rs 18,000-crore Air India deal
The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore.
Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding…
FM asks Aviation Ministry, DoT to ‘accelerate’ infra projects, capex
Finance Minister Nirmala Sitharaman on Monday pitched for an “accelerated phase of infrastructure development” and front-loading of capital expenditure in a review meeting with key infrastructure ministries. The meeting was held with top…
