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The Monthly flows through the systematic investment plan (SIP) course into the mutual funds touched a new height of Rs 13,306 crore in November. Retail investors have ignored the instability in the world stock market. The total fund industry’s Assets Under Management (AUM) surpassed the Rs 40 lakh crore mark, as per the data of […]
Stewart Butterfield, the CEO of Slack, intends to depart the business messaging app in January, according to a statement made on Monday by parent company Salesforce Inc (CRM.N). Lidiane Jones, senior vice president of product management for Salesforce Commerce Cloud, will take over as CEO of Slack, as per the spokesperson. The news was initially […]
On Monday, Adani Green Energy Ltd (AGEL) announced the commissioning of its third hybrid power plant in Rajasthan, which has a 450-megawatt generating capacity (MW). With a 1,440 MW operational capacity, AGEL claimed this made it the “world’s largest wind-solar hybrid power developer.” “AGEL has commissioned its third wind-solar hybrid power plant at Jaisalmer. The […]
Businesses may be allowed to log in to the national single window system for obtaining various clearances and approvals from both the central and state government departments by using only the Permanent Account Number (PAN) as a unique identifier. Commerce and industry minister Piyush Goyal said, “We are moving towards using one of the existing […]
The National Payments Corporation of India’s (NPCI) mandate requiring payment apps to hold no more than 30 percent market share in the UPI ecosystem has now been deferred by two years to December 31, 2024. The UPI market share cap rules were first announced in November 2020. “Taking into account the present usage and future […]
Rajasthan Industries and Commerce Minister Shakuntala Rawat recently initiated MSMEs Policy 2022 to facilitate financial and technical support with conductive regulations in accordance to strengthen the contribution of MSMEs to Rajasthan’s Gross Domestic Product (GSDP) along with exports. The policy envisions establishing 20,000 Micro, Small and Medium Enterprises) units with an additional investment of Rs […]
Some of the unit holders at Ahmedabad’s Apparel Park GIDC SEZ situated at Khokhara have demanded the park be denotified. The businessmen submitted their demand to Union textiles minister Piyush Goyal during his visit to the state. The park has 50 units, but only 18 are functional. The businessmen argued that the SEZ policy is […]
On August 23, Gautam Adani-led Adani Group acquired 29.18 percent stake in television channel NDTV Ltd. The group said it would launch an open offer to buy another 26 percent stake. On November 22, the Adani Group launched the open offer, which will remain open until December 5. According to Securities and Exchange Board of […]
The Reserve Bank of India (RBI) has asked Paytm Payments Services Limited to resubmit the application to operate as payment aggregator. One97 Communications (OCL), which owns the Paytm brand, had proposed to transfer the payment aggregator services business undertaken by it to Paytm Payments Services (PPSL) in December 2020 to comply with payment aggregator (PA) […]
Ahmedabad billionaire Gautam Adani has revealed an ambitious $4 billion petrochemical complex project in Gujarat. Adani, 60, the wealthiest man in Asia, also plans to launch a super app in six months to connect passengers using the Adani-maintained airports with services offered by the group. Speaking to the Financial Times, Adani denied that moving into petrochemicals […]
ITC Hotels identify themselves as luxury personified. The chain of hotels is especially known for its quality food and services. When ITC Narmada was inaugurated in Ahmedabad in August 2022–Amdavadis were looking forward to getting the luxury experience but it seems like people are disappointed especially with the food and services of the newly-opened hotel. […]
In recent times, Asia’s richest man, Gautam Adani, has shown a keenness to straddle worlds that value environmental consideration. Last year, he had publicly spoken about the need to accelerate ESG (Environmental, Social and Corporate) transformation. Upholding this vision, Adani intends to invest in renewable power plants in the north of Sri Lanka. Ironically, the […]
Gone with the wind. Literally. This Is what happened to the USD 16-billion wealth of former FTX co-founder Sam Bankman-Fried. In one of the most spectacular downfalls in the history of wealth destructions, Bankman-Fried’s wealth fell to zero within a week. As the crypto empire filed for bankruptcy, the 30-year-old businessman had to resign. His fortunes also […]
The Central Board of Direct Taxes (CBDT) has condoned the delay in filing of Form 10A, up to November 25, in respect of certain provisions of Sections 12A/10(23C)/80G/35 of the Income Tax Act, 1961. In this regard, the Exemption wing of Income Tax Department, Vejalpur, Gujarat on Friday conducted an outreach programme with members of […]
If the purchase of an HD TV has been pending for long in your bucket list, the time has arrived to tick the same. You can now apply for a Bajaj Finserv card online in only a few steps to access its benefits. By doing so, you can unlock some of the latest offers on […]
Buying a home in today’s economic climate is no longer a task that stretches over years, like earlier. There are several changes in the market to which this can be attributed – people’s increased purchasing power and spending appetite, a large stock of unsold inventory, attractive real estate prices that are now regularised; and the significant ease […]
Global Health Limited is entering the markets with an initial public issue (IPO) on Thursday, November 3. The issue consists of fresh shares worth Rs 500 crore and an offer-for-sale from The Carlyle Group of 50.66 million shares, constituting the whole of its 20% stake in the company. The price band of the offer has […]
Fusion Microfinance is entering the market on Wednesday, Nov 2 with plans to raise Rs 600 crore through the issuance of fresh equity and Rs 500 crore through an offer-for-sale from its promoters. The price band for the Initial Public Offer (IPO) has been fixed at Rs 350 – 368 per equity share of face […]
The board of directors of Mukesh Ambani-led Reliance Industries Limited approved the demerger of its financial services undertaking into Reliance Strategic Investments Limited (RSIL), to be renamed Jio Financial Services Limited (JFSL). RBI-registered non-deposit-taking systemically important NBFC, RSIL is currently a wholly-owned subsidiary of RIL. Jio Financial Services Ltd will be listed separately on the […]
According to the EdelGive Hurun India Philanthropy List for 2022, HCL Technologies founder and industrialist Shiv Nadar is ‘India’s most generous’ industrialist with an annual donation of Rs 1,161 crore. The 77-year-old Nadar donated Rs 3 crore per day on an average. EdelGive Hurun India Philanthropy List 2022 is the ninth annual ranking of the […]
