Category: Business

RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23

New Delhi, Dec 18 (SocialNews.XYZ) The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39…

2 years ago

Samsung Heavy ordered to compensate $290 mn over defects in LNG carriers

Seoul, Dec 18 (SocialNews.XYZ) Samsung Heavy Industries, a South Korean shipbuilder, said on Monday it has been ordered by an…

2 years ago

Blue Planet receives $35 mn IFU funding to boost key operations in India

New Delhi, Dec 18 (SocialNews.XYZ) Blue Planet Environmental Solutions, a sustainable waste management company with operations in India, South-East Asia…

2 years ago

Limited room for further outperformance of mid & small caps to large cap

New Delhi, Dec 18 (SocialNews.XYZ) The continued rally of the past three months has pushed the mid and small caps…

2 years ago

Increased benefit for lapsing customers to affect returns for persistent life insurance policyholders

New Delhi, Dec 18 (SocialNews.XYZ) The proposed modification in the surrender value (or charges) of non-linked life insurance policies in…

2 years ago

Pharma firms valuations do not factor in threats from acceleration in generics adoption in India

New Delhi, Dec 18 (SocialNews.XYZ) The current implied domestic valuations of pharma companies do not adequately factor in threats from…

2 years ago

Udaan lays off over 100 employees as part of restructuring exercise

New Delhi, Dec 18 (SocialNews.XYZ) Homegrown B2B e-commerce platform Udaan, which raised $340 million last week, laid off more than…

2 years ago

Michaung effect: Skyrocketing price of eggs in Kolkata’s retail markets

Kolkata, Dec 18 (SocialNews.XYZ) In the last few days, the price of eggs in the retail markets of Kolkata has…

2 years ago

Accenture unveils generative AI studio in India to boost data, AI adoption

Bengaluru, Dec 18 (SocialNews.XYZ) Global IT services firm Accenture on Monday launched a generative AI Studio in India to accelerate…

2 years ago

FIIs turn big buyers with Rs 20,000 cr of stocks in two weeks

New Delhi, Dec 18 (SocialNews.XYZ) FIIs, who have made a 'U' turn in their strategy, have turned big buyers having…

2 years ago

Recession fears hit IT sector, Infosys, major players announce drastic cuts in pay hikes, promotions

Bengaluru, Dec 17 (SocialNews.XYZ) Amid gloom against the backdrop of fears of a global recession, major IT players in Bengaluru…

2 years ago

Zee asks Sony to extend deadline for merger

New Delhi, Dec 17 (SocialNews.XYZ) Zee Entertainment has asked Culver Max Entertainment, formerly known as Sony Pictures Network India, to…

2 years ago

Steel magnate Sajjan Jindal rubbishes ‘rape’ allegations by Mumbai doctor

Mumbai, Dec 17 (SocialNews.XYZ) Steel baron Sajjan Jindal on Sunday denied the allegations of 'rape' hurled by a woman doctor…

2 years ago

Parl panel to hold discussions with 4 public sector banks, insurance firms in Jan

New Delhi, Dec 17 (SocialNews.XYZ) A Parliamentary committee is scheduled to hold discussions next month with four public sector banks…

2 years ago

NBRI in Lucknow opens Parijat Lab to make perfumes

Lucknow, Dec 17 (SocialNews.XYZ) The National Botanical Research Institute (NBRI) has opened a lab, Parijat Lab, dedicated to exclusive research…

2 years ago

NPCIL’s 2nd 700 MW unit at Kakrapar begins fission process

Chennai, Dec 17 (SocialNews.XYZ) India's atomic power plant operator, the Nuclear Power Corporation of India Ltd (NPCIL) said its second…

2 years ago

Musk assured bankers they won’t lose money on loans for Twitter acquisition: Report

San Francisco, Dec 17 (SocialNews.XYZ) Tesla and SpaceX CEO Elon Musk reportedly told bankers after taking $13 billion in loan…

2 years ago

India’s Public Cloud services market to reach $17.8 bn by 2027

New Delhi, Dec 17 (SocialNews.XYZ) The overall Indian Public Cloud services market is expected to reach $17.8 billion by 2027,…

2 years ago

Bengal’s revenue behind national average: RBI study

Kolkata, Dec 17 (SocialNews.XYZ) West Bengal is behind the national average in terms of state’s own revenue or gross state…

2 years ago

Jeff Bezos invests Rs 350cr to build clock lasting 10,000-years: Report

New York, Dec 17 (SocialNews.XYZ) Billionaire Jeff Bezos has invested Rs 350 crore or $42 million to build a clock…

2 years ago



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