Business News

Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator

Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator

Indo-Asian News Service | Monday April 15, 2024, New Delhi

The National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments.

India Preferred Digital Services Destination Globally In GenAI Era: Report

India Preferred Digital Services Destination Globally In GenAI Era: Report

Monday April 15, 2024, New Delhi

Amid the global economic headwinds, India continues to be the preferred outsourcing destination for businesses aiming to build and expand their digital services portfolio, a new report showed on Monday.

Ambuja Cements To Acquire Grinding Unit In Tamil Nadu For Rs 414 Crore

Ambuja Cements To Acquire Grinding Unit In Tamil Nadu For Rs 414 Crore

Press Trust of India | Monday April 15, 2024, New Delhi

Ambuja Cements on Monday said it will acquire My Home Group's cement grinding unit at Tuticorin in Tamil Nadu for a total value of Rs 413.75 crore.

Wholesale Inflation Inches Up Marginally To 0.53% In March

Wholesale Inflation Inches Up Marginally To 0.53% In March

Press Trust of India | Monday April 15, 2024, New Delhi

Wholesale inflation in the country rose marginally to 0.53 per cent in March compared to 0.20 per cent in the preceding month due to increase in prices of vegetables, potato, onion and crude oil.

Zerodha's Nikhil Kamath Launches 'WTFund' For Entrepreneurs Up to 25

Zerodha's Nikhil Kamath Launches 'WTFund' For Entrepreneurs Up to 25

Monday April 15, 2024, New Delhi

Leading stock broker Zerodha co-founder Nikhil Kamath on Monday launched a non-dilutive grant agnostic fund 'WTFund', dedicated to nurturing young, promising entrepreneurs aged 25 and under.

Investors Prefer India To China, Infrastructure A Bright Spot: Survey

Investors Prefer India To China, Infrastructure A Bright Spot: Survey

Richard Henderson and Abhishek Vishnoi, Bloomberg | Monday April 15, 2024

India's ability to turn its economic expansion into corporate profits makes it a better prospect for investors than Japan or China, according to the latest Bloomberg Markets Live Pulse survey.

Byju's Founder To Take Over Firm's Daily Operations After CEO Quits

Byju's Founder To Take Over Firm's Daily Operations After CEO Quits

Press Trust of India | Monday April 15, 2024, New Delhi

Founder of the edtech company Think and Learn, which owns the Byju's brand, Byju Raveendran will handle the firm's day-to-day operations following the resignation of CEO Arjun Mohan.

Sensex Tumbles Over 900 Points, Nifty Down 216 Amid Middle East Crisis

Sensex Tumbles Over 900 Points, Nifty Down 216 Amid Middle East Crisis

Press Trust of India | Monday April 15, 2024, Mumbai

Equity benchmark indices tanked in early trade on Monday, with the Sensex tumbling 929.74 points, amid the ongoing conflict in the Middle East and weak trends from global markets.

Gold Nears Record High As Iran-Israel Conflict In Middle East Spiral

Gold Nears Record High As Iran-Israel Conflict In Middle East Spiral

Reuters | Monday April 15, 2024

Gold consolidated gains on Monday, hovering near record-high levels hit in the previous session, as traders kept a close eye on developments surrounding the Middle East conflict, prompting safe-haven buying of assets such as bullion.

Global Oil Prices Likely To Rise Amid Iran-Israel Conflict

Global Oil Prices Likely To Rise Amid Iran-Israel Conflict

Reuters | Monday April 15, 2024, London

Oil prices, which hit a six-month high on Friday, are expected to rise on Monday after Iran's attack on Israel over the weekend, analysts said, but further gains may depend on how Israel chooses to respond.

LIC Sees 59% Jump In Value Of Investments In Adani Stocks

LIC Sees 59% Jump In Value Of Investments In Adani Stocks

Press Trust of India | Sunday April 14, 2024, New Delhi

LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.

Retail Inflation Declines To 4.85% In March, A Five-Month Low

Retail Inflation Declines To 4.85% In March, A Five-Month Low

Press Trust of India | Friday April 12, 2024, New Delhi

Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday.

BharatPe Co-Founder Ashneer Grover To Launch 'ZeroPe' Medical Loan App

BharatPe Co-Founder Ashneer Grover To Launch 'ZeroPe' Medical Loan App

Indo-Asian News Service | Friday April 12, 2024, New Delhi

BharatPe co-founder and former MD Ashneer Grover is set to launch a new app called 'ZeroPe' that will provide loans for healthcare.

Asian Development Bank Raises India's Growth Forecast To 7%

Asian Development Bank Raises India's Growth Forecast To 7%

Press Trust of India | Friday April 12, 2024, New Delhi

The Asian Development Bank (ADB) on Thursday raised India's GDP growth forecast for the current fiscal to 7 per cent, from 6.7 per cent earlier.

India, Mauritius Sign Protocol To Amend Double Taxation Avoidance Pact

India, Mauritius Sign Protocol To Amend Double Taxation Avoidance Pact

Press Trust of India | Thursday April 11, 2024, New Delhi

India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.

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