Newsmen Business Desk

RBI's Penalties on Banks and NBFCs Total Rs 40.39 Crore for 2022-23
Newsmen Business Desk -
Cooperative banks faced 176 cases, leading to fines amounting to Rs 14.04 crore. Private sector banks incurred penalties of Rs 12.17 crore, while public sector banks (PSBs) faced fines of Rs 3.65 crore.
IFU Allocates $35 Million Funding to Enhance Blue Planet's Vital Operations in India
Newsmen Business Desk -
IFU's Investment Director, Jonas Lau Kristensen, emphasized their commitment beyond financial backing, aiming for a sustainable and inclusive future.
Markets Experience Subdued Activity Amidst Concerns Over Oil Supply and Elevated Valuations
Newsmen Business Desk -
Rupak De, Senior Technical Analyst at LKP Securities, notes a potential interruption in the ongoing rally based on the Nifty's daily chart and signals from the RSI indicator. A correction may occur if the index falls below 21,350, with short-term support at 21,220/21,100, while resistance is expected at 21,500.
Foreign Institutional Investors (FIIs) Acquire Rs 20,000 Crore Worth of Stocks in a Fortnight
Newsmen Business Desk -
The BSE Sensex is presently up 27 points at 71,511 points, with Sun Pharma showing a 1.6% increase.
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Jeff Bezos Invests Rs 350 Crore in Ambitious Project: Building a Clock Designed to Last 10,000 Years, Report
Newsmen Business Desk -
Visitors will be limited to maintain the clock's integrity and mystery, and energy-saving measures include updating display dials only when a visitor is present.
Navigating the Spectrum: Rajeev Chandrasekhar Discusses Utilization of ChatGPT and Bard
Newsmen Business Desk -
Addressing the conclave, Chandrasekhar emphasized that, in the realm of artificial intelligence (AI), it is technological talent rather than chip-driven computer power that will propel India's progress.
Adani Group's Resilience Shines Amidst Persistent Challenges
Newsmen Business Desk -
The strategic investments in core infrastructure businesses, including utilities, transport, and other ventures, contributed significantly to this growth. The Adani Group's response to attacks by short sellers not only thwarted their intended impact but also strengthened the group's position, earning accolades as the best all-round wealth creator in Motilal Oswal's rankings for 2018-2023.
Mensa Brands Records a Loss of Rs 329 Crore in FY23 for D2C Operations
Newsmen Business Desk -
Despite the challenging financials, Mensa Brands demonstrated robust performance in terms of operating revenue, which climbed to Rs 1,317 crore in the fiscal year ending March 2023, a significant uptick from Rs 339.2 crore recorded in FY22.
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Foreign Portfolio Investors Recorded in Banking and IT Stocks
Newsmen Business Desk -
Anticipating continued FPI stock buying, he emphasized India's status as a top FPI investment destination.
Surat's Diamond Bourse to Be Inaugurated by PM Modi on December 17th
Newsmen Business Desk -
The inauguration, graced by Chief Minister Bhupendra Patel, signifies the government's commitment to this transformative initiative.
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