Browsing Category
Business News
SEBI bans ‘Profitsaim’ for unregistered investment advisory
Mumbai: The Securities and Exchanges Board of India (SEBI) has barred an unregistered investment advisory firm Profitsaim and its proprietor Syed Ayaz from the stock markets for a period of two years for providing unauthorised investment…
Industrial AI firm Detect Technologies raises $12 mn
New Delhi: Industrial AI company Detect Technologies on Wednesday said it has raised $12 million led by Accel to enhance industrial productivity globally.
The funding round saw significant participation from existing investor Elevation …
IRFC posts 126 pct jump in Q4 net profit at Rs 1,483 crore
New Delhi: Indian Railway Finance Corporation (IRFC) on Wednesday reported 126 per cent growth in the profit for Q4 FY21 at Rs 1,483 crore as compared to Rs 655 crore reported in the same period of previous fiscal.
The net profit for…
SEBI board okays tightened norms regarding Independent Directors
Mumbai: In a bid to bring in transparency and more corporate discipline in terms of Independent Directors, the SEBI board on Tuesday approved amendments to regulations regarding Independent Directors (ID).
As per the amended norms to be…
SEBI to introduce framework for ‘Accredited Investors’ in securities market
Mumbai: The SEBI board on Tuesday approved a proposal to introduce a framework for Accredited Investors in the Indian securities market.
'Accredited Investor' is a term referred to a class of investors who may be considered to be well…
FM asks ministries to frontload capital expenditure
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday asked the ministries and respective departments to make efforts to frontload capital expenditure.
The minister held a virtual meeting with senior government officials to discuss…
SC asks states, UTs to implement ‘One Nation One Ration card’ till Jul 31
New Delhi, Jun 29 (UNI) Issuing a slew of directions relating to the welfare of migrant workers due to COVID-19, the Supreme Court on Tuesday directed the state governments and Union Territories to implement the 'One Nation, One Ration…
How independent are Independent Directors of PSUs? Half from BJP
Maharatna, navratna, mini-ratnas -- of 172 Independent Directors on 98 PSU boards, as many as 86 have ties to ruling party, an investigation shows.
WhatsApp appoints Manesh Mahatme as Head of Payments in India
Mumbai, Jun 28 (UNI) WhatsApp has appointed Manesh Mahatme to head the growth of its Payments business in India. As Director WhatsApp Payments - India, Manesh will focus on enhancing the payments experience for users, scaling the service…
CtrlS bags the prestigious US Green Building Council leadership award
MUMBAI and HYDERABAD, June 28, 2021 /PRNewswire/ -- CtrlS, Asia's largest Rated-4 Hyperscale Datacenter announced that it has been awarded the most prestigious USGBC Regional Leadership Award recipient by the U.S. Green Building Council…
ASSOCHAM seeks priority vaccination for Travel, Tourism, hospitality sector
Chandigarh, Jun 28 (UNI) Sharing concerns of the travel and tourism industry over a devastating economic impact of Covid-19 on the highly job-oriented sector, ASSOCHAM has reached out to the government seeking an urgent relief package,…
RailTel Corporation of India bags an order worth Rs 89.09 Cr
Mumbai, Jun 25 (UNI) RailTel Corporation of India Ltd has received a work order amounting to Rs. 89.09 Crores (Inclusive of 18 pc GST) from Indian Air Force (AFNET), according
to company sources.
The work order is related to providing…
S&P500, Nasdaq hit record highs as Biden announces US infra deal
New York, Jun 25 (Sputnik) US stocks rallied hard for a third time in a week on Thursday, with the S&P500 and tech-laden Nasdaq Composite indexes soaring to record highs after President Joe Biden announced a bipartisan infrastructure…
NASSCOM welcomes government’s commitment towards Ease of Doing Business
Kolkata, Jun 23 (UNI) Nasscom on Wednesday welcomed the government’s commitment towards Ease of Doing Business, and it’s focus on the IT-BPM sector’s sustainable future.
“We congratulate the IT Minister, Shri RS Prasad for this landmark…
ED transfers assets of Mallya, Nirav, Choksi worth Rs 9,041 cr to PSBs
New Delhi, Jun 23(UNI) Enforcement Directorate (ED) on Wednesday informed that it has transferred attached assets worth Rs 9,041 crore to Public Sector Banks (PEBs), who suffered losses due to the bank fraud by fugitive businessmen Vijay…
Poverty in Pakistan rises to over 5 pc in 2020, estimates World Bank
Islamabad , June 22 The World Bank (WB) has estimated that poverty in Pakistan has increased from 4.4 per cent to 5.4 per cent in 2020, as over two million people have fallen below the poverty line.
Using the lower-middle-income…
India recorded 27 pc growth in FDI in 2020, despite Covid-19: UNCTAD
New Delhi, Jun 21 (UNI) India saw a 27 per cent rise in Foreign Direct Investment to USD 64 billion in 2020, said UNCTAD’s World Investment Report published on Monday.
"FDI in South Asia rose by 20 per cent to USD71 billion, driven mainly…
Reliance Jio adds over 79 lakh mobile subscribers
CHENNAI : Reliance Jio beat rival Bharti Airtel in March for the second month in a row after lagging behind the latter in terms of net mobile user additions for six straight months. However, Jio continues to record the largest inactive user…
No intention to delay fixing minimum and national floor wages: Labour Ministry
NEW DELHI: The government has no intention to delay fixing minimum wages and national floor wages, the labour ministry said on Saturday.
The clarification comes amid reports that forming an expert group on the issue with three-year term…
Facebook rolls out v30 replace for Oculus Quest homeowners
Facebook is rolling out its v30 software program replace to the Oculus Quest and Quest 2 VR headsets that can convey the microphone swapping and new accessibility options quickly to customers.
As previewed earlier this week by Mark…
