BUSINESS
PayPal moves Delhi HC against order holding it as a Payment System Operator under PMLA
Represented by senior counsel, PayPal argued before a bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula that the single judge's order was wrong.
QIA to invest Rs 8,278 crore in Reliance Retail for 0.99% equity stake
The investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore.
Crypto firms raise $2.3 bn in VC funding in Q2, lowest since Q4 2020
Data from BitcoinCasinos.com revealed the substantial deceleration in VC funding within the crypto space.
Kerala has the highest number of five-star hotels in India
This was revealed in the latest data available in the National Database for Accommodation units.
Brightcom Group shares hit lower circuit after SEBI order
Brightcom Group shares are down 4.96 per cent at Rs 22.98 on BSE.
Credit reporting agency Experian fined $650K over deceptive email practices
The department of Justice (DoJ) and the Federal Trade Commission (FTC) said that Experian has agreed to a permanent injunction and a $650,000 civil penalty as part of a settlement to resolve alleged violations of the country's acts.
Brightcom Group, CMD, CFO siphoned off proceeds of preferential allotments: SEBI order
In the order, SEBI's Wholetime Member Ashwani Bhatia said Brightcom’s CMD and CFO shall cease to hold the position of a director or a key managerial person in any listed company or its subsidiaries until further orders.
Shankar Sharma barred from selling Brightcom shares
“However, he has failed to provide the same. Interestingly, one of the reasons for non-submission of payment details, cited by Shankar Sharma in his email dated August 15, is that 'we have been constrained by the delay on part of the company to reconcile all the remittances'," the order said.
No plans to import wheat from Russia, says government
Talking to reporters, he said that are also no plans to restrict non-basmati par boiled rice exports.
Nifty ends flat despite supportive global markets
At close, Nifty was up 0.01 per cent or 2.9 points at 19396.5. Volumes on the NSE continued to be on the lower side. Broad market indices gained 0.9-0.95 per cent outperforming the Nifty even as the advance decline ratio remained firm at 1.79:1.
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