Business news

Sequoia Capital India sells 17.2 crore Zomato shares; brings down stake to 4.4% [details]

Zomato said Sequoia Capital India sold some 6.7 crore shares in the September 6-October 14, 2021 period and 10.5 crore shares between June 27-August 25, 2022.

Aug 26, 2022

Who gets what in Rakesh Jhunjhunwala's will, family bequethed Rs. 50K Cr

Known for his value investing model, the Big Bull was known to own 35 company holdings

Aug 25, 2022

RBI lifts business curbs imposed on American Express Bank

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release.

Aug 25, 2022

Parliamentary panel on finance to submit report on competitive laws in Digital Market

The Standing Committee on Finance headed by BJP MP and former Union minister Jayant Sinha will submit its report to the Parliament in September on how competition laws that regulate competitive conduct should evolve to deal with competitive behavioural issues in digital markets.

Aug 24, 2022

No discussion, consent or notice; NDTV reacts to 29% acquisition by VCPL [details]

VCPL is the wholly-owned subsidiary of AMG Media Networks Ltd (AMNL), the media arm of Adani Enterprises Ltd (AEL). VCPL holds warrants of RRPR, entitling it to convert them into 99.99 per cent stake in the latter.

Aug 23, 2022

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

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Business news

Sequoia Capital India sells 17.2 crore Zomato shares; brings down stake to 4.4% [details]

Who gets what in Rakesh Jhunjhunwala's will, family bequethed Rs. 50K Cr

RBI lifts business curbs imposed on American Express Bank

Parliamentary panel on finance to submit report on competitive laws in Digital Market

No discussion, consent or notice; NDTV reacts to 29% acquisition by VCPL [details]

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]

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]