BUSINESS
Yes Bank scam: SC grants interim bail to Rana Kapoor's wife, daughters
A bench comprising Justices S.K. Kaul and M.M. Sundresh said: "In the meantime, the petitioners are granted interim bail with no specific conditions at this stage as the petitioners were originally granted bail/interim bail subject to certain terms and conditions by the trial Court which would naturally equally apply here".
BPCL could cost acquirer Rs 20K cr more as SEBI open offer exemption for IGL, PLL unlikely
Sources privy to the development said that market regulator Securities and Exchange Board of India (SEBI) is not in favour of giving exemption to the BPCL from making open offer in the PLL and the IGL where it already holds substantial stake as it would go against the interest of minority shareholders.
Bitcoin reclaims $1 trillion cap, Indian crypto players cheer
The Indian cryptocurrency market is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026 worldwide. According to a report by IT industry's apex body Nasscom, there are 15 million retail investors in India investing in the cryptotech space.
Price of diesel too crosses Rs 100 mark in Hyderabad
The oil companies on Thursday increased the prices of petrol and diesel increased by 32 paise and 38 paise, respectively. With the latest hike, the price of petrol in the city shot up to Rs 107.41 per litre and that of diesel to Rs 100.13 per litre. It was on June 14 that the price of petrol had crossed Rs 100.
IPO-bound Netcore Cloud hires veteran Ramesh Srinivasan as CEO
Srinivasan has worked at companies like Microsoft, Tyco, Verizon, Schneider Electric and Oracle. "Srinivasan possesses demonstrated leadership abilities, which are vital assets for a company like Netcore Cloud that is rapidly expanding and preparing for an IPO," said Kalpit Jain, Group CEO, Netcore Cloud.
India becomes talent factory for P&G worldwide; Sundar Raman joins global ranks
He steps into the role subsequent to Shailesh Jejurikar's elevation to Chief Operating Officer. Sundar began his career as a market analyst in India in 1998 straight from campus and soon moved to the US where he worked in a variety of roles from business intelligence to marketing, in P&G Beauty.
Reliance Retail to launch 7-Eleven convenience stores in India
The first 7-Eleven store is set to open on Saturday in Andheri East, Mumbai. This will be followed by a rollout in key neighborhoods and commercial areas across the Greater Mumbai cluster to start with. With the launch of the 7-Eleven stores, RRVL proposes to offer a superior shopping experience and compelling value proposition for Indian customers.
Lower oil prices, global cues lift equity indices; Sensex up over 500 points
Sector wise, Realty, Automobiles and Consumer Durables indices gained the most. Accordingly, the 30-scrip sensitive index traded at 59,735.25 points around 11.15 a.m., up 545.52 points or 0.92 per cent. The Sensex opened at 59,632.81 points from its previous close of 59,189.73 points. Besides, the NSE Nifty50 traded at 17,806.15 points, up by 160.15 points or 0.91 per cent.
Mukesh Ambani with a net worth of $ 92.7 billion tops 2021 Forbes list of India's richest
In this bumper year, more than 80 per cent of the listees saw their fortunes increase, with 61 adding $1 billion or more. At the top of the list is Mukesh Ambani, India's richest person since 2008, with a net worth of $92.7 billion. Ambani recently outlined plans to pivot into renewable energy with a $10 billion investment by his Reliance Industries.
Nearly 30K farmers benefitted from paddy procurement under KMS
A quantity of 2,87,552 MT of Paddy has been procured in KMS 2021-22 up to October 5, benefiting 29,907 farmers with Minimum Support Price (MSP) value of Rs 563.60 crore. Out of the total, 1,46,509 MT paddy has been procured in Haryana and 1,41,043 Metric Tonnes (MT) paddy has been procured in Punjab, according to a statement by Ministry of Consumer Affairs, Food & Public Distribution.
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