Dominic Roy 
Markets regulator SEBI has slapped a penalty of Rs 3 lakh on India Ratings and Research for certain lapses. SEBI and the Reserve Bank of India conducted a joint inspection of the entity from Aug. 22 to 29, 2022, and the period covered under the inspection was from Aug. 1, 2021, to June 30, 2022.
The report of the Lok Sabha Ethics Committee recommending the expulsion of Trinamool Congress MP Mahua Moitra in a ‘cash-for-query’ case will be tabled in the lower house of Parliament on Monday. According to the agenda papers circulated by the Lok Sabha Secretariat, Ethics Committee chairperson Vinod Kumar Sonkar will lay on the table of … Read more
“We are putting a very big effort into getting manufacturing going in India. A lot of effort has been put in, for example protecting Indian companies from Chinese dumping, which happens all the time.” “It’s not perfect, but we are providing some protection. We do not want to go too far with it because our … Read more
(Bloomberg) — Walmart Inc. has stopped advertising on the social media platform X, the latest major company to do so. Continue Reading. Read more on Bloomberg by BloombergQuint.
Despite his critical votes backing the Republican leadership in the House, Santos was largely treated as a pariah in Congress. News coverage often showed him sitting alone in the House chamber or dodging reporters in the hallway outside his office. He survived expulsion from the chamber twice, but confronted another effort to remove him after … Read more
Federal Reserve Chair Jerome Powell pushed back against Wall Street’s growing expectations of interest-rate cuts in the first half of 2024, saying the committee will move cautiously with borrowing costs at a 22-year high but retain the option to hike further.
In September last year, Singtel entities — Viridian and Pastel — jointly offloaded a 1.76% stake in Bharti Airtel for about Rs 7,128 crore. Bharti Airtel’s promoter Bharti Telecom bought a 1.63% stake from Singtel entity Pastel Ltd for Rs 6,602 crore through an open market transaction..
Hindustan Unilever Ltd. has decided to split its beauty and personal care business into two separate divisions in an effort to increase focus on these high-growth segments amid rising competition from new-age brands. The beauty and personal care division will transition into dedicated ‘beauty and wellbeing’ and ‘personal care’ businesses with effect from April 1, … Read more
Tata Power Co. acquired the Bikaner-Neemrana transmission project in Rajasthan for Rs 1,544 crore to boost renewable energy evacuation. The Tata Group company won the bid to acquire Bikaner-III Neemrana-II Transmission Ltd., a project special purpose vehicle set up by a subsidiary of Power Finance Corp, it said in its exchange filing on Friday. The … Read more
The Adani Group will continue to focus on infra businesses as the margins in FMCG business are much lower, the conglomerate’s chief financial officer said. The combined wealth of Adani Group’s top seven companies is way more than the consumer goods industry, and the conglomerate is focusing on “extraordinary” wealth creation, CFO Jugeshinder Singh said … Read more