On September 14, Zomato announced its decision to challenge a GST order from the West Bengal government, which demanded a total of Rs 5.6 crore for the period from April 2020 to March 2021, including GST, interest, and penalties. Initially, the company had indicated it might pay the amount due to the high cost of […]
Zomato to Appeal Rs 5.6 Crore GST Order from West Bengal Government Read More »
The Securities and Exchange Board of India (SEBI) has concluded its proceedings against the National Stock Exchange (NSE), along with former officials Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others, in connection with the exchange’s co-location services investigation. Ravi Narain served as the Managing Director and CEO of NSE from 2000 to March 2013, while
SEBI Drops Charges Against NSE and Former Executives in Co-Location Controversy Read More »
Mahindra & Mahindra Financial Services (MMFS) has announced its foray into the mortgage business, which will include a range of offerings such as housing finance, top-up loans, lease rental discounting, home improvement, and home extension loans. The expansion was approved during a board meeting held on September 13. MMFS, a leading non-banking financial company (NBFC),
Mahindra & Mahindra Financial Services Expands Into Mortgage Business Read More »
On September 13, Ford Motor announced plans to restart its manufacturing facility in Tamil Nadu, focusing on producing vehicles for export markets. This announcement comes just two days after a meeting between Tamil Nadu Chief Minister M.K. Stalin and Ford officials during the CM’s visit to the United States. The American automaker submitted a letter
Ford Motor Plans to Reopen Manufacturing Plant in Tamil Nadu for Exports Read More »
BLS International, a visa application service provider, announced the acquisition of Dubai-based Citizenship Invest (CI) for $31 million (Rs 260 crore), marking a strategic move to enhance its offerings in citizenship and residency programs. The deal is subject to regulatory approvals and will be funded through internal accruals. Meanwhile, the shares of BLS International fell
BLS International Acquires Dubai’s Citizenship Invest to Expand Visa Programs Read More »
A recent report by the American Chamber of Commerce in Shanghai highlights how growing US-China trade tensions and China’s slowing economy are pushing many companies to look for alternative markets like India and Southeast Asia. The 2024 China Business Survey, released on September 12, shows that 40% of companies are redirecting investments originally planned for
US Companies Shift Focus from China to India Amid Rising Tensions, Says Report Read More »
The Adani Group has strongly refuted claims made by an investigative news outlet, Gotham City, that Swiss authorities have frozen more than $310 million in bank accounts linked to the conglomerate as part of a money laundering investigation. The report suggested that funds were seized across multiple Swiss accounts in connection with investment structures tied
Adani Group Denies Report of Swiss Authorities Freezing $310 Million in Funds Read More »
On September 12, Nazara Technologies announced its largest-ever investment of Rs 982 crore into Moonshine Technology, the parent company of PokerBaazi, one of India’s leading online poker platforms. This move aims to strengthen Nazara’s position in the online skill-gaming sector significantly. The deal will see Nazara initially acquire a 47.7% stake in Moonshine Technology for Rs
The European Central Bank (ECB) reduced interest rates by 25 basis points to 3.50% on Thursday, responding to ongoing economic challenges and a slowing inflation rate. This cut follows a similar reduction made in June, as the ECB seeks to bring inflation closer to its 2% target amid near-recession conditions in the eurozone. Despite the
ECB Cuts Interest Rates by 25 Basis Points as Growth Weakens, Future Moves Uncertain Read More »
On September 12, a strong rally on Dalal Street pushed the BSE’s market capitalisation up by over Rs 6.5 lakh crore, as both benchmark indices surged to new record highs. The Sensex crossed the 83,000 mark for the first time ever, closing at 82,962, a rise of 1.77% or 1,440 points. The total market capitalization
Sensex Hits Record High, BSE Market Capitalisation Surges by Rs 6.5 Lakh Crore Read More »
