BUSINESS
IMC 2023: Showcasing India’s transformational role in telecoms
The IMC, jointly organised by the Department of Telecommunications (DoT) and the Cellular Operators Association of India (COAI), has brought together the leading minds across policy and corporate landscape from India and elsewhere.
Several interested, but nothing finalised with regard to Ford India's Chennai plant
Ford India is looking out for a buyer for its Chennai plant after it shut down Indian manufacturing operations here and in Gujarat.
US lawsuit accuses Abercrombie Fitch of funding sextrafficking operation
The company allowed ex-CEO Mike Jeffries "unfettered access" to resources to support his "criminal enterprise", documents allege.
FPI selling has impacted financial services, IT segment more than others
In October, FPIs have sold equity for Rs 20356 crore. The selling through exchanges has been higher at Rs 25575 crores, he said.
Rs 20 cr extortion-cum-death threat email to tycoon Mukesh Ambani
The email demanding Rs 20-crore threatens to shoot Ambani, 66, if he fails to cough out the amount. A company source, while confirming the development, declined to comment saying that the police are probing the matter. A complaint has been registered by the Gamdevi Police Station and investigations are launched into the antecedents of the email threat-given.
Did not defraud anyone or take customers' funds: FTX’s Sam Bankman-Fried
Bankman-Fried sat on the stand, this time in front of a jury, in the Manhattan federal court late on Friday. He is facing trial for seven charges related to fraud and money laundering. According to a TechCrunch report, when asked by his lawyer, Mark Cohen, whether he defrauded or took customer funds, Bankman-Fried said, “No, I did not.”
BPCL bounces back with Rs 8,501cr profit in July-Sep quarter
The public sector giant has also clocked his highest ever half-yearly profit of Rs 19,052 crore.
RBI fixes price for premature redemption of Sovereign Gold Bonds
The price is based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA).
India's metro rail network poised to surpass USA's to become world's 2nd largest: Puri
Addressing the inaugural session of 16th Urban Mobility India (UMI) Conference cum Expo 2023 here, the minister said that the pace of growth of metro network in the country has seen an unprecedented increase in recent years.
India's forex reserves decline by $2.36 billion in a week
In the preceding week the country’s forex reserves had increased by $1.15 billion, reversing a continuous decline over the previous five weeks.
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