Business News

LinkedIn India, Satya Nadella, 8 Others Fined Rs 27 Lakh For Companies Law Violations

LinkedIn India, Satya Nadella, 8 Others Fined Rs 27 Lakh For Companies Law Violations

Press Trust of India | Wednesday May 22, 2024

The corporate affairs ministry on Wednesday slapped fines on Microsoft-owned LinkedIn India, Satya Nadella and eight other individuals for violation of the significant beneficial owner norms under the companies law.

Adani Group Regains $200 Billion-Mark As Company Rebuts Coal Allegations

Adani Group Regains $200 Billion-Mark As Company Rebuts Coal Allegations

Press Trust of India | Wednesday May 22, 2024, Mumbai

Adani Group's market capitalisation on Wednesday regained USD 200 billion-mark after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company.

Nifty May Breach 23,000 Around Lok Sabha Poll Results On June 4: Report

Nifty May Breach 23,000 Around Lok Sabha Poll Results On June 4: Report

NDTV Newsdesk | Wednesday May 22, 2024, New Delhi

A short-term rally either leading into elections or the week after results could potentially push the Nifty beyond 23,000, international research firm Bernstein said.

Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank

Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank

Reuters | Wednesday May 22, 2024, New Delhi

Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.

Household Savings Likely To Rise In FY24: Report

Household Savings Likely To Rise In FY24: Report

Press Trust of India | Tuesday May 21, 2024, Mumbai

Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.

World Sees India On Cusp Of Long-Awaited Economic Take-Off: RBI Report

World Sees India On Cusp Of Long-Awaited Economic Take-Off: RBI Report

Indo-Asian News Service | Tuesday May 21, 2024, Mumbai

Internationally there is a growing optimism that India is on the cusp of a long-awaited economic take-off, according to the RBI's monthly bulletin released on Tuesday.

AI-Led Tech Craze Leaves Mega Indian Software Stocks In The Dust

AI-Led Tech Craze Leaves Mega Indian Software Stocks In The Dust

Abhishek Vishnoi, Bloomberg | Monday May 20, 2024

Shares of India's vaunted IT outsourcing firms are facing a reality check, as global investors' rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.

2 Byju's Advisory Board Members "Mutually Decide" To Step Down Amid Crisis

2 Byju's Advisory Board Members "Mutually Decide" To Step Down Amid Crisis

Indo-Asian News Service | Sunday May 19, 2024, New Delhi

Embattled edtech firm Byju's on Sunday said its two senior advisory board members - Rajnish Kumar and Mohandas Pai - have decided not to renew the contractual agreement scheduled to end on June 30.

Government Recovers Rs 852 Crore Under Amnesty Scheme For Exporters

Government Recovers Rs 852 Crore Under Amnesty Scheme For Exporters

Press Trust of India | Sunday May 19, 2024, New Delhi

The government has recovered about Rs 852 crore under the amnesty scheme for exporters for one-time settlement of default in export obligation by the holders of advance and EPCG authorisations, an official said.

A Heavy Monsoon Season Is Great News For These Indian Stocks

A Heavy Monsoon Season Is Great News For These Indian Stocks

Alex Gabriel Simon, Bloomberg | Sunday May 19, 2024

Stocks of Indian firms that earn a large chunk of their revenues from the nation's hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.

Mumbai Broker Complains He Pays Too Many Taxes. Nirmala Sitharaman's Reply

Mumbai Broker Complains He Pays Too Many Taxes. Nirmala Sitharaman's Reply

Edited by Abhimanyu Kulkarni | Thursday May 16, 2024, New Delhi

Finance Minister Nirmala Sitharaman's witty remarks on taxation drew laughter from the audience at a recent event in Mumbai.

Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project

Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project

NDTV Newsdesk | Thursday May 16, 2024

Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.

Rupee Rises 5 Paise To Rs 83.46 Against US Dollar

Rupee Rises 5 Paise To Rs 83.46 Against US Dollar

Press Trust of India | Thursday May 16, 2024, Mumbai

The rupee appreciated 5 paise to settle at 83.46 against the US dollar on Wednesday as weakness in the greenback against major crosses overseas supported the local unit.

Centre Cuts Windfall Tax On Petroleum Crude, New Rates Effective From Today

Centre Cuts Windfall Tax On Petroleum Crude, New Rates Effective From Today

Reuters | Thursday May 16, 2024, New Delhi

India has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from May 16, according to a notification issued on Wednesday.

Power, Aviation: Union Minister Highlights BJP's Work In 10 Years, Slams Congress

Power, Aviation: Union Minister Highlights BJP's Work In 10 Years, Slams Congress

Asian News International | Wednesday May 15, 2024, New Delhi

Finance Minister Nirmala Sitharaman on Wednesday attacked the Congress for neglecting India's growth for the 10 years in the UPA era and stated that Congress wasted India's economic growth potential and left it among the 'Fragile Five' economies with

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