Two companies, nine individuals fined for violating companies law
Clamping down for illegal fundraising activities, the corporate affairs ministry has slapped fines totalling nearly Rs 10 crore on two companies and nine individuals as they violated private placement norms. The fines have been imposed on Planify Capital and four individuals as well as on Mayasheel Retail India Pvt Ltd (Bazar...
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PMO asks Ministry to examine model text of investment treaty
08 April 2024 | PTI -
Vistara reduces flights by 10pc; cancellations mostly on domestic network
07 April 2024 | PTI -
Indiabulls Real Estate to raise Rs 3,911 crore from Blackstone, Embassy Group, others
07 April 2024 | PTI -
Business brief
07 April 2024 | Agencies -
Livspace says India business becomes cash flow positive on robust growth
07 April 2024 | PTI -
JSW Energy raises Rs 5,000 crore from Abu Dhabi Investment Authority, others
07 April 2024 | PTI -
India better prepared than Pakistan to handle climate shocks in wheat crop
07 April 2024 | PTI
India, Singapore bilateral trade grows to $35.6 billion in FY22-23
The bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India’s eighth largest trade partner (2022-23), with a share of 3.1 per cent of...
India will need huge pool of company secretaries
As the Indian economy progresses towards the USD 5 trillion target over the next two years and the USD 10 trillion target by 2030, the demand for company secretaries will be tremendous to manage the inflow of capital both from the Indian and international investors, a top domain expert said...
Rupee rises 9 paise to close at 83.30 against US dollar
The rupee appreciated 9 paise to close at 83.30 (provisional) against the US dollar as the Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5 per cent for the seventh time in a row. However, a strong US dollar against major rivals overseas and elevated crude...
Business brief
GGSIPU signs MoU with University of Ladakh New Delhi: Guru Gobind Singh Indraprastha University (GGSIPU) has signed a Memorandum of Understanding (MoU) with University of Ladakh (UoL) to foster research and education programmes for students, scholars and faculty members. As per the MoU, both the universities will mutually plan and conduct...
Sensex gains marginally to scale new peak
Equity benchmark index Sensex registered marginal gains to hit fresh lifetime high on Friday after the Reserve Bank maintained the status quo on key interest rates amid a negative trend in global markets. The six-member rate-setting panel of the Reserve Bank of India (RBI) on Friday kept the benchmark interest rates...
India exports register healthy growth to European, Latin American nations in 2023
Indian exporters made further inroads in European and Latin American nations in 2023, registering healthy growth in countries such as Romania, Montenegro, Austria, and Guatemala, an official said on Friday. India’s merchandise export rose 2.1 per cent to the European Union (EU) in 2023 despite headwinds being faced by large developed...
Bank, NBFC stocks gain after RBI policy announcement
Interest-rate sensitive bank and NBFC stocks gained on Friday after the Reserve Bank kept the benchmark interest rates unchanged at 6.5 per cent for the seventh time in a row. Among the banking counters, Kotak Mahindra Bank jumped 2.09 per cent to end at Rs 1,785.25 and HDFC Bank went 1.41...
