Business news

Bitcoin plunges below $20K, may reach $10K level this year [details]

Bitcoin prices had stabilised around the $23,000 to $24,000 level after plunging below $20,000 in June.

Aug 28, 2022

As fraudsters get smarter, RBI, banks get busy plugging loopholes [see how]

The RBI has also issued Master Directions for classification and reporting of frauds by commercial banks and select financial institutions.

Aug 28, 2022

How to Avail Cashless Benefit from Your Health Insurance?

Cashless health insurance is a type of health insurance where you can directly visit a network hospital affiliated with your insurance company to seek treatment.

Aug 27, 2022

Finance Minister Nirmala Sitharaman meets US Deputy Treasury Secretary Wally Adeyemo

Finance Minister Nirmala Sitharaman on Friday met visiting US Deputy Secretary of Treasury Wally Adeyemo and discussed India's upcoming G-20 Presidency in 2023 and issues related to the global financial sector.

Aug 27, 2022

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

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Business news

Bitcoin plunges below $20K, may reach $10K level this year [details]

As fraudsters get smarter, RBI, banks get busy plugging loopholes [see how]

How to Avail Cashless Benefit from Your Health Insurance?

Finance Minister Nirmala Sitharaman meets US Deputy Treasury Secretary Wally Adeyemo

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]

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]