Business
LIC's sale of RCAP debt to ACRE upsets lenders and bidders

LIC's sale of RCAP debt to ACRE upsets lenders and bidders

16-11-2022 comments

Mumbai (IANS) LICs recent move to sell its Rs 3,400 crore secured principal debt in the Reliance Capital (RCAP), that too barely less than two weeks ahead of the binding bids submission deadline, has upset the RCAP lenders and bidders.

LIC…

Oil prices rise after drone attack on tanker owned by Israeli billionaire

Oil prices rise after drone attack on tanker owned by Israeli billionaire

16-11-2022 comments

London (IANS) Oil prices have risen after a tanker owned by an Israeli billionaire was hit by a drone carrying a bomb off the coast of Oman, media reports said on Wednesday.

The attack on Pacific Zircon, which is owned by Idan Ofer and operated…

Domestic investor holding at all time high

Domestic investor holding at all time high

15-11-2022 comments

New Delhi (IANS) The share of Domestic Institutional Investors (DIIs), which includes domestic Mutual Funds, Insurance Companies, Banks, Financial Institutions, Pension Funds etc. as a whole, along with retail and High Net-worth Individual (HNI) investors…

SREI Equipment Finance auditor reports Rs 13,110 cr fraudulent transactions

SREI Equipment Finance auditor reports Rs 13,110 cr fraudulent transactions

14-11-2022 comments

Mumbai (IANS) SREI Equipment Finance Ltd has reported alleged fraudulent transactions amounting to Rs 13,110 crore, during the erstwhile management of the company, run by Hemant Kanoria and Sunil Kanoria.

In the unaudited financial results…

Indian government lays out action plan to promote millet export

Indian government lays out action plan to promote millet export

13-11-2022 comments

New Delhi (IANS) India is going all out to celebrate 2023 as the International Year of Millets as declared by the United Nations General Assembly.

To promote shipment of nutri-cereals, the India's Commerce and Industry Ministry, through…

As Yellen seeks closer US-India economic ties, India dropped from currency monitoring list

As Yellen seeks closer US-India economic ties, India dropped from currency monitoring list

12-11-2022 comments

New York (IANS) The US has removed India from its currency manipulation monitoring list and made the announcement while Treasury Secretary Janet Yellen was in New Delhi to boost economic relations between the two countries.

The Department conveyed…

India wearable market registers 56.4% growth, boAt leads: Report

India wearable market registers 56.4% growth, boAt leads: Report

11-11-2022 comments

New Delhi (IANS) India's wearable market registered another record quarter, shipping 37.2 million units in Q3 2022 (July-Sep), a growth of 56.4 per cent (year-over-year) with boAt leading in the market, a report showed on Friday.

According…

IONIQ5 to be Hyundai's first model for India under new platform

IONIQ5 to be Hyundai's first model for India under new platform

10-11-2022 comments

Chennai (IANS) Car maker Hyundai Motor India Ltd on Thursday said it would launch the Hyundai IONIQ5 as the battery electric vehicle (BEV) built on the electric global modular platform (E-GMP).

"Our Electric Mobility campaign in India began…

PhonePe first player to enable UPI activation with Aadhaar

PhonePe first player to enable UPI activation with Aadhaar

09-11-2022 comments

New Delhi (IANS) Leading fintech platform PhonePe on Wednesday announced it has enabled UPI activation using Aadhaar-based OTP authentication.

PhonePe is the first UPI Third Party Application Provider (TPAP) App to roll out the Aadhaar-based…

India saw 6?cline in hiring in Oct amid funding winter: Report

India saw 6?cline in hiring in Oct amid funding winter: Report

08-11-2022 comments

New Delhi (IANS) India saw a 6 per cent drop in hiring activity (year-on-year) in October, amid changing patterns in the start-up ecosystem, funding winter and fears of an upcoming recession, a report showed on Tuesday.

Month-on-month job postings…

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