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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…

India Cements posts Rs 137 cr loss, to increase price

India Cements posts Rs 137 cr loss, to increase price

07-11-2022 comments

Chennai (IANS) Impacted by high input prices, which it was not able to pass on, cement major India Cements Ltd closed second quarter of FY23 with a net loss of Rs 137.58 crore, a top company official said.

He also said the situation was better…

B2B e-commerce startup Udaan lays off 350 employees after raising $120 mn

B2B e-commerce startup Udaan lays off 350 employees after raising $120 mn

06-11-2022 comments

New Delhi (IANS) Business-to-business (B2B) e-commerce platform Udaan, which raised $120 million just last month, has sacked nearly 350 employees who were on the regular payroll, while asking hundreds of contractual workers to leave too.

Company…

Cement companies mull price hike of Rs 10-30/bag

Cement companies mull price hike of Rs 10-30/bag

05-11-2022 comments

Chennai (IANS) Cement companies are planning to hike the price between Rs 10 and Rs 30 per bag in November after a increase of about Rs 3-4/bag last month, said Emkay Global Financial Services Ltd.

Emkay Global in a recent sectoral report said…

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