Anil Ambani, head of the Anil Dhirubhai Ambani Group (ADAG), along with 24 of its affiliated organizations, has been levied with a fine amounting to Rs 624 Crore by the Securities and Exchange Board of India (SEBI). A widespread investigation was launched by SEBI from which this decision resulted, which revealed that loans were being […]
A major real estate deal has been made by Blackrock Services India Private Limited who traded 42,700 square feet of office space in Worli, Mumbai for a monthly fee of ₹1.28 crore. This lease contract was executed on July 18, 2024 and registered with Whispering Heights Real Estate Private Limited which is a collaboration between […]
Dinesh Khara, who happens to be the head of the State Bank Of India, expressed confidence in its ability to cope with the increasing rivalry in this area. Khara made these remarks during the 38th Regional Conference of the Western Indian Regional Council where he affirmed that SBI has a good capacity for loan growth […]
AirAsia Bhd, a budget airline, has acquired $443 million in private finance to rehabilitate planes stranded due to the epidemic. Private credit funds Ares Management Corp. and Indies Capital Partners Pte Ltd., as well as aircraft lessors, provided the dual-tranche finance. Ares Management Corp. and Indies Capital Partners provided a $200 million tranche specifically for […]
The District Consumer Disputes Redressal Commission in Mohali has imposed a penalty of Rs 50,000 on the social media platform Facebook and kitchen rack manufacturer FIU Pumpy for not delivering an online order. The fine follows a complaint from Kulwinder Singh, a Mohali resident who ordered a kitchen rack via an ad on Facebook but […]
Paytm shares increased by 5% after its parent firm, One97 Communications Ltd (OCL), agreed to sell its entertainment ticketing business to Zomato for ₹2,048 crore. Paytm’s decision represents a strategic shift as it refocuses on its core activities of payments and financial services distribution. According to a press statement made on August 21, 2024, OCL […]
Apple Inc. plans to begin producing its premium iPhone Pro models in India for the first time this year, marking a critical milestone in the tech giant’s worldwide strategy. This decision is anticipated to have a significant influence on the pricing of high-end smartphones in the Indian market. Foxconn, Apple’s manufacturing partner, is supposed to […]
The Securities and Exchange Board of India (SEBI) has announced proposed regulatory changes to streamline the certification process for fee-only investment advisors and research analysts. The goal of these changes is to increase the number of professionals who advise people on investments and financial management. This move is a component of SEBI’s larger initiative to […]
Hindenburg Research, the controversial short-selling firm, has stirred speculation with a cryptic message posted on X (formerly Twitter), stating, “Something big soon India.” This announcement, made on August 10, has raised eyebrows as it hints at another potential revelation involving an Indian company. Following the firm’s shocking report in January 2023, which claimed that Adani […]
In a significant development following the $230 million cryptocurrency asset heist, the biggest cryptocurrency exchange in India, WazirX, is being sued before the National Company Law Tribunal (NCLT) together with its infrastructure partner Liminal and related companies. The petition, filed by a Supreme Court law intern, Gauransh Vyas, on August 5 in Indore, seeks an […]