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Top private banks and PSBs have received fines totaling more than Rs 35,000 crore since 2018.-thumnail

Top private banks and PSBs have received fines totaling more than Rs 35,000 crore since 2018.

The Finance Ministry informed the Rajya Sabha on Tuesday that public sector banks and five significant private sector banks, including Axis Bank, HDFC Bank, IndusInd Bank, ICICI Bank, and IDBI

Finance

Aug 14, 2023

Investing in Rahul Yadav’s 4B Networks was a mistake, according to Info Edge’s Sanjeev Bikhchandani-thumnail

Investing in Rahul Yadav’s 4B Networks was a mistake, according to Info Edge’s Sanjeev Bikhchandani

Info Edge invested Rs 288 crore in 4B Networks, of which Rs 276 crore was stock and Rs 12 crore was loan. In its Q3 FY23 financial statements, the business

Finance

Aug 12, 2023

SoftBank-owned Arm is courting Big Tech for an IPO-thumnail

SoftBank-owned Arm is courting Big Tech for an IPO

SoftBank Group-owned chip manufacturer Arm is attracting funding from a number of major technology organisations ahead of what is likely to be one of the year’s largest initial public offerings.

BFSI

Aug 12, 2023

Optimist Outlook: In The Next 6 To 12 Months, Half Of VC Investors Anticipate A Resurgence In Start-Up Financing.-thumnail

Optimist Outlook: In The Next 6 To 12 Months, Half Of VC Investors Anticipate A Resurgence In Start-Up Financing.

According to a Redseer report, 1,000–1,200 agreements are anticipated to be completed in 2024. According to a Redseer Strategy Consultants poll, 50% of venture capital (VC) investors are optimistic about

Finance

Aug 11, 2023

China to replace $140 billion in LGFV debt with local bonds-thumnail

China to replace $140 billion in LGFV debt with local bonds

In order to pay off the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, China will let local governments raise approximately 1 trillion yuan ($140 billion) through bond sales, according to a Friday report by Bloomberg News.

Business

Aug 11, 2023

RBI increases UPI Lite transaction limit to Rs. 500 cr; totally PIN Free-thumnail

RBI increases UPI Lite transaction limit to Rs. 500 cr; totally PIN Free

RBI proposes raising the UPI Lite transaction limit to Rs 500 for smoother small-value payments, reducing authentication for speed. NFC tech enables offline payments, addressing weak connectivity issues.

Business

Aug 10, 2023

RBI keeps the repo rate unchanged at 6.5%; GDP projection for FY24 at 6.5%-thumnail

RBI keeps the repo rate unchanged at 6.5%; GDP projection for FY24 at 6.5%

RBI Governor Shaktikanta Das announced the third consecutive pause on rate hikes by the monetary policy committee, signaling readiness to act if needed.

Finance

Aug 10, 2023

Insightful Details About Nithin Kamath, Founder and CEO, Zerodha-thumnail

Insightful Details About Nithin Kamath, Founder and CEO, Zerodha

The stories of leadership invokes within ourselves, a zeal for action and achieving our life’s purpose. India is now roaring as one of the greatest world leaders which is due

Finance

Aug 7, 2023

Waaree Energies secures $1 billion in finance from ValueQuest-thumnail

Waaree Energies secures $1 billion in finance from ValueQuest

Solar panel producer Waaree Energies Ltd. has secured $1 billion in a fundraising round headed by investment company ValueQuest, which is renowned for focusing strategically on sustainable and forward-thinking businesses.

Business

Aug 7, 2023

Jai Shekhar Sharma bets big and is now Paytm’s top shareholder-thumnail

Jai Shekhar Sharma bets big and is now Paytm’s top shareholder

An off-market transfer would be used to buy a 10.3% interest in Paytm from Antfin by a foreign company owned by Jai Shekhar Sharma.

Business

Aug 7, 2023

Dabur makes clues about D2C purchases with a focus on modern brands-thumnail

Dabur makes clues about D2C purchases with a focus on modern brands

Dabur India, a firm that produces fast-moving consumer products, is looking to buy companies in the direct-to-consumer space as it strives to get into the market for cutting-edge brands. The

Business

Aug 4, 2023

As international travel rebounded, Airbnb forecasts upbeat revenue-thumnail

As international travel rebounded, Airbnb forecasts upbeat revenue

On Thursday, Airbnb gave a third-quarter revenue prediction that was higher than market expectations, but industry concerns about a slowing domestic market caused Airbnb’s shares to decline 1.2% in after-hours

Finance

Aug 4, 2023


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