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Over 1.75 mn Indian accounts banned by WhatsApp in Nov 2021: Compliance report

Over 1.75 million Indian accounts were banned by WhatsApp, while 602 grievance reports were received by the messaging platform in November 2021, according to its compliance report. In its latest report, the messaging platform said 17,59,000 Indian accounts were banned on WhatsApp during the period.An Indian account is identified via a +91 phone number, it […]

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Adani meets Mamata, discusses investment scenario in Bengal

West Bengal Chief Minister Mamata Banerjee on Thursday held a meeting with Gautam Adani, the chairman and founder of Adani Group, at state secretariat ‘Nabanna’. Adani later tweeted “Delighted to meet @MamataOfficial,Hon’ble Chief Minister Mamata Banerjee. “Discussed different investment scenarios and the tremendous potential of West Bengal. I look forward to attending the Bengal Global […]

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Business National

6 designated flights between India and Singapore from Nov 29

Scheduled commercial passenger flights will resume between Singapore and India, as six designated flights will fly daily from Chennai, Mumbai and Delhi, from November 29. The Civil Aviation Authority of Singapore (CAAS) on Sunday reached an agreement with India’s Ministry of Civil Aviation on the resumption of scheduled commercial passenger flights between the two countries, […]

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Business National

Over Rs 5 lakh crore recovered by banks from stressed loans: PM Modi

Prime Minister Narendra Modi on Thursday said the Centre has supported the banking sector in every way, making the sector ‘very strong’ now. Addressing bankers at the symposium to ‘Build Synergy for Seamless Credit Flow and Economic Growth’, PM Modi said banks have to now adopt a partnership model to help businesses thrive and move […]

Business

Paytm-parent’s IPO subscribed 18 percent on Day 1

Mega IPO of One97 Communications, the parent company of Paytm, was subscribed 18 per cent on Day 1. According to data from the National Stock Exchange (NSE), investors bid for 88,23,924 equity shares by 5:00 pm, against the total issue size of 4,83,89,422 equity shares. Retail investors quota was subscribed as much as 78 per […]

Business

Tata Motors Q2 net loss widens to Rs 4,415.54 crore

Homegrown auto major Tata Motors Ltd (TML) on Monday reported a widening of consolidated net loss to Rs 4,415.54 crore for the second quarter ended September 30, due to higher expenses and lower sales of its British arm JLR following semiconductor shortage.The company had posted a consolidated net loss of Rs 307.26 crore in the […]

Business Regional

LUDHIANA ALL SET TO BECOME NORTH INDIA’S INDUSTRIAL HUB

The Government of Punjab is further set to elevate the status of Ludhiana as North India’s industrial hub with the Hi-Tech Valley being developed in an area of 378.77 acres in Village Dhanansu by Punjab Small Industries & Export Corporation, a State Government undertaking.  Approvals for Layout plan, Change of land use (CLU), Environmental Clearance […]

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Tata takes Air India, makes Rs 18,000 cr winning bid

In a major development, Tata Sons retake Air India – the airline it founded nearly 90 years back – after the government accepted its winning bid of Rs 18,000 crore to acquire 100 per cent of the debt-laden state-run carrier.Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, made the winning bid […]

Business

Standard Life sells 5% stake in HDFC AMC for Rs 3,060 cr

Promoter Standard Life Investments on Wednesday divested a 5 per cent stake in HDFC AMC for a little over Rs 3,060 crore through the open market transaction. According to bulk deal data available with the BSE, the promoter sold a total of 1,06,50,000 shares, representing a 5 per cent stake, of the asset management company. […]