Business news

Adani group targets 55.18% stake in NDTV; issues open offer for 26% [details]

The total outlay for 26 per cent, or 16,762,530 fully paid up equity shares of NDTV - if the offer is accepted in full - will be about Rs 483 crore for the Adani group.

Aug 23, 2022

Adani group subsidiary to indirectly acquire 29.18% stake in NDTV; makes open offer [details]

AMG Media Networks Limited announced an open offer for up to 26 per cent stake in NDTV at a price of Rs 294 per share. The share price of NDTV closed at Rs 366.20 on BSE on Tuesday.

Aug 23, 2022

RBI to increase interest rates by another 50-60 bps in 2022

The minutes of the August 22 Monetary Policy Committee of the RBI highlights that inflation continues to remain the key concern for the MPC members despite a deceleration in the overall price momentum after a peak of 7.8 per cent recorded in April, Acuite Ratings said in a note.

Aug 23, 2022

Overseas business: Govt simplifies overseas investment rules to ensure ease of doing business

The government has simplified the overseas investment rules with the aim of enhancing the 'ease of doing business' sentiment.

Aug 23, 2022

CRISIL downgrades AP capital development bonds, here's why

The ratings agency CRISIL has downgraded the AP Capital Region Development Authority's (APCRDA) bonds worth Rs 2,000 crore, to 'CRISIL A-(CE)' from 'CRISIL A+(CE)

Aug 22, 2022

No service charge on UPI transactions, clarifies Centre [Details]

The Union Finance Ministry has clarified that no service charge would be levied on UPI transactions.

Aug 22, 2022

RBI Gold bonds: Second Sovereign Gold Bond Scheme series to open on August 22

The government has announced that the second series of the Sovereign Gold Bond Scheme for the current fiscal will open for subscription on August 22, and the issue price is Rs 5,197 per gram.

Aug 20, 2022

Chinese economy struggling, policy rate cut could impact 'Global Financial Markets'

Latest economic review, the DEA said the geopolitical environment remains tense and fraught.

Aug 20, 2022

Fintech Uni's card services suspended; millions of users affected [details]

Uni said that is proactively suspending services Uni Pay 1/3rd Card and the Uni Pay 1/2 Card, which will impact millions of users.

Aug 19, 2022

Ratan N. Tata makes investment in startup "Goodfellows" offering companionship to the elderly [Details]

Commenting on the investment, Ratan N. Tata said, "The bonds between the two generations created by Goodfellows are very meaningful and are helping to address an important social issue In India.

Aug 19, 2022

Most banks hike deposit rates ahead of festive season

Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.

Aug 17, 2022

DIF's Social Projects Initiative Marks 18 Years of Positive Investments

The concept of ethical investment as a strategy for ensuring the continued viability of funds is gradually gaining traction across the industry

Aug 17, 2022

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years

Sensex ends above 60K points for fourth day in row

Equity benchmark sensex stretched its winning run to the fourth straight session on Wednesday

Aug 17, 2022

Crypto Meltdown: BitGo deal fails as Galaxy Digital terminates $1.2 acquisition

Galaxy Digital has terminated the $1.2 billion acquisition of digital asset trust company BitGo as it failed to provide audited financial statements for the year 2021.

Aug 16, 2022

Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company [details]

As the Indian game developers begin to expand their global footprint, shares of ace investor Rakesh Jhunjhunwala-backed online gaming company Nazara Technologies surged 20 per cent after the firm reported a 22 per cent rise in net profit for the June quarter this year.

Aug 14, 2022

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Business news

Adani group targets 55.18% stake in NDTV; issues open offer for 26% [details]

Adani group subsidiary to indirectly acquire 29.18% stake in NDTV; makes open offer [details]

RBI to increase interest rates by another 50-60 bps in 2022

Overseas business: Govt simplifies overseas investment rules to ensure ease of doing business

CRISIL downgrades AP capital development bonds, here's why

No service charge on UPI transactions, clarifies Centre [Details]

RBI Gold bonds: Second Sovereign Gold Bond Scheme series to open on August 22

Chinese economy struggling, policy rate cut could impact 'Global Financial Markets'

Fintech Uni's card services suspended; millions of users affected [details]

Ratan N. Tata makes investment in startup "Goodfellows" offering companionship to the elderly [Details]

Most banks hike deposit rates ahead of festive season

DIF's Social Projects Initiative Marks 18 Years of Positive Investments

Sensex ends above 60K points for fourth day in row

Crypto Meltdown: BitGo deal fails as Galaxy Digital terminates $1.2 acquisition

Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company [details]

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]