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<strong>Adani Group bids for upcoming 5G spectrum auctions: Sources</strong>-thumnail

Adani Group bids for upcoming 5G spectrum auctions: Sources

“Any entity that gives an undertaking to obtain a Unified License with authorization for Access Services through a New Entrant Nominee as per the DoT guidelines/ license conditions can bid

Industry

Jul 9, 2022

SEBI proposes to bring MF’s transactions under purview of insider-trading regulation-thumnail

SEBI proposes to bring MF’s transactions under purview of insider-trading regulation

The proposal comes close on the heels of allegations of front-running at a large fund house. In the discussion paper floated on Friday, Sebi has said it has observed that

Finance

Jul 9, 2022

IRDAI introduces tech-enabled concepts like “pay as you drive” for motor insurance cover-thumnail

IRDAI introduces tech-enabled concepts like “pay as you drive” for motor insurance cover

In the aftermath of the covid-19 pandemic, many do not drive as frequently as before, but still have to pay the same established annual premium based on the make or

Finance

Jul 9, 2022

Vivo tax debacle: Vivo sent Rs 62,476cr worth of turnover to China to avoid getting taxed in India says ED-thumnail

Vivo tax debacle: Vivo sent Rs 62,476cr worth of turnover to China to avoid getting taxed in India says ED

On Thursday, July 7, the Enforcement Directorate (ED), which is looking into Chinese smartphone maker Vivo in connection with an alleged money laundering case, said that its Indian business transferred

Industry

Jul 8, 2022

UK’s BII and M&M join hands to set up an electric vehicle production entity-thumnail

UK’s BII and M&M join hands to set up an electric vehicle production entity

M&M and BII will invest $250 million each into the new entity called EV Co. at a valuation of Rs 70,070 crore ($9 billion). The two companies have signed a

Automotive

Jul 8, 2022

Tata Power to invest ₹75K in renewable energy over the next 5 years-thumnail

Tata Power to invest ₹75K in renewable energy over the next 5 years

In his speech, Chandrasekaran further said that the company is looking to scale its generation capacity to over 30 GW by FY’27 from current 13.5 GW with an increased clean

Industry

Jul 8, 2022

<strong>Pine Labs, Razorpay, and Stripe bags payment aggregator license from RBI</strong>-thumnail

Pine Labs, Razorpay, and Stripe bags payment aggregator license from RBI

A payment aggregator provides payment services for merchants and e-commerce sites by accepting payment instruments from customers. As part of the process, they pool the funds received from customers and

Finance

Jul 8, 2022

Ride-sharing company ola cabs likely to layoff up to 700 employees-thumnail

Ride-sharing company ola cabs likely to layoff up to 700 employees

“Shedding cash burn heavy businesses like Dash and cutting employee costs will give Ola more operational runway and also show a profitable business if they want to IPO,” a source

Industry

Jul 8, 2022

Burman family becomes promoters of Eveready Industries India post open offer equity purchasing-thumnail

Burman family becomes promoters of Eveready Industries India post open offer equity purchasing

The Burman family’s shareholding in Eveready has gone up to 38.3 percent as they obtained 14.3 percent equity through the open offer. According to sources, the Burman family has sought

Industry

Jul 8, 2022

D Muthukumaran takes over as new Adani ports and SEZ ports CFO-thumnail

D Muthukumaran takes over as new Adani ports and SEZ ports CFO

Earlier, he has worked with Deloitte, Lazard India, Aditya Birla Group, and Renew Power. In his previous stints, he has played instrumental role in fund raising through Private Equity, Public

Industry

Jul 8, 2022

<strong>Diktat to Edible oil processing companies to reduce prices as Global supply normalizes</strong>-thumnail

Diktat to Edible oil processing companies to reduce prices as Global supply normalizes

India meets 56% of its annual edible oil consumption via imports and annual imports are around 13-14 million tonnes (MT). Around 8 MT of palm oil is imported from Indonesia

Industry

Jul 7, 2022

Central bank new forex rules to arrest rupee’s fall-thumnail

Central bank new forex rules to arrest rupee’s fall

RBI said the latest steps would help diversify and expand the sources of forex funding and reduce currency volatility.  The Reserve Bank of India announced a series of steps to

Finance

Jul 7, 2022


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