Business News

Punjab National Bank Among 5 Banks Penalised By RBI For Non-Compliance

Punjab National Bank Among 5 Banks Penalised By RBI For Non-Compliance

Asian News International | Saturday July 06, 2024, New Delhi

The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions.

UK Labour's Landslide Election Victory Lifts European Stock Markets

UK Labour's Landslide Election Victory Lifts European Stock Markets

Agence France-Presse | Friday July 05, 2024, London

Europe's stock markets rose in opening deals on Friday as investors digested news that Labour, as expected, clinched a landslide election victory in Britain to end 14 years of Conservative rule.

Sensex Hits 80,000 Milestone: Top Gainer And Losers Last 6 Months. Check Full List

Sensex Hits 80,000 Milestone: Top Gainer And Losers Last 6 Months. Check Full List

Edited by NDTV News Desk | Thursday July 04, 2024, New Delhi

Benchmark indices Nifty and Sensex scaled fresh highs on July 3, as the BSE Sensex crossed the 80,000 mark and the NSE Nifty 50 crossed the 24,300 level.

Sensex Was 40,000 5 Years Ago. Today It Is Trading At...

Sensex Was 40,000 5 Years Ago. Today It Is Trading At...

Edited by NDTV News Desk | Thursday July 04, 2024

In a significant milestone for the Indian stock market, the BSE's Sensex surpassed the 80,000 mark during intra-day trades on Wednesday, July 3.

"To Set Record Straight...": Unacademy CEO Denies Reports Of Merger, Acquisition

"To Set Record Straight...": Unacademy CEO Denies Reports Of Merger, Acquisition

IANS | Wednesday July 03, 2024, New Delhi

After reported layoffs of around 250 employees in the latest job cuts, edtech firm Unacademy Co-founder and CEO Gaurav Munjal on Wednesday denied the reports of a possible merger or an outright acquisition, saying "ignore the rumours".

Who Is Namita Thapar, Shark Tank Judge Set To Earn Rs 127 Crore From IPO

Who Is Namita Thapar, Shark Tank Judge Set To Earn Rs 127 Crore From IPO

Edited by NDTV News Desk | Wednesday July 03, 2024, New Delhi

Entrepreneur Namita Thapar is set to reap a remarkable 293x return on her initial investment in Emcure Pharmaceuticals.

Namita Thapar Will Get 293-Fold Return On Her Investment From This IPO

Namita Thapar Will Get 293-Fold Return On Her Investment From This IPO

Edited by NDTV News Desk | Wednesday July 03, 2024, New Delhi

Namita Thapar, the Executive Director of Emcure Pharmaceuticals, is set to earn approximately Rs 127.87 crore from the company's upcoming Initial Public Offering (IPO).

Sensex Crosses 80,000 For First Time, Nifty At Lifetime High

Sensex Crosses 80,000 For First Time, Nifty At Lifetime High

Reuters | Wednesday July 03, 2024, Bengaluru

The shares rose to record highs at the open on Wednesday, led by the country's top private lender HDFC Bank, which jumped to a record high on hopes of a likely increase in its weightage in a key global index.

Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises

Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises

NDTV News Desk | Tuesday July 02, 2024

Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure to bet against Adani Enterprises Ltd.

Indian-American Man's Rs 8,300 Crore Fraud Scheme Shakes Top US Investors

Indian-American Man's Rs 8,300 Crore Fraud Scheme Shakes Top US Investors

Edited by Samiran Mishra | Tuesday July 02, 2024, New Delhi

An Indian-American businessman Rishi Shah, the former billionaire cofounder of Outcome Health, has been sentenced to seven and a half years in prison by a US court.

India To Create A Cross-Border Retail Payment Platform With 4 ASEAN Countries

India To Create A Cross-Border Retail Payment Platform With 4 ASEAN Countries

IANS | Monday July 01, 2024

Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.

GST Collection Hits Rs 1.74 Lakh Crore In June, Monthly Data Release Stopped

GST Collection Hits Rs 1.74 Lakh Crore In June, Monthly Data Release Stopped

Press Trust of India | Monday July 01, 2024, New Delhi

The gross GST collection increased 8 per cent to Rs 1.74 lakh crore in June, sources said on Monday.

40% Jump In Quick Commerce Spending During T20 World Cup Final: Report

40% Jump In Quick Commerce Spending During T20 World Cup Final: Report

Sunday June 30, 2024

Fintech startup Simpl on Sunday said that it witnessed a 40 per cent jump in consumer spending on its platform around the T20 World Cup Final.

M-Cap Of Nine Of Top-10 Most Valued Firms Jumps Rs 2.89 Lakh Crore

M-Cap Of Nine Of Top-10 Most Valued Firms Jumps Rs 2.89 Lakh Crore

Press Trust of India | Sunday June 30, 2024

Nine of the top-10 most valued firms together added Rs 2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities.

IRS Officer Ravi Agrawal Appointed Central Board of Direct Taxes Chairman

IRS Officer Ravi Agrawal Appointed Central Board of Direct Taxes Chairman

Press Trust of India | Saturday June 29, 2024, New Delhi

Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department.

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