BUSINESS
Banks can't use penalties imposed on loan defaulters for raising funds: RBI
The central bank has modified norms related to loan accounts to ensure this.
Global quantum computing market likely to reach $7.6 bn in 2027
The forecast includes base quantum computing as a service as well as enabling and adjacent quantum computing as a service.
Jio Financial Services to be listed on stock exchanges on Monday
The scrip will be in Trade-for-Trade segment for 10 trading days. The members are requested to note that the above security will be a part of special pre-open session for IPO and Other category of scrips.
India's tablet market grows 29% in Q2, 5G units up 7%: Report
According to CyberMedia Research (CMR), Wi-Fi tablet shipments surged 12 per cent (year-on-year), claiming a 54 per cent shipment share.
India sees 58% surge in deal values driven by big-ticket transactions
July saw deal volumes up by 46 per cent (YoY) compared to the same period in 2022, according to the report by Grant Thornton Bharat.
Unable to pay salaries, Dunzo in 'talks' to raise up to $100 mn
Bengaluru-based hyperlocal delivery startup Dunzo is in talks to raise funds from its existing investors, including Lightbox and Lightrock, reports leading startup coverage portal Inc42.
Sensex falls below 65K mark
Nifty is down 3 per cent from the July peak of 19979, moving in sympathy with the global cues, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.
Zomato's stock likely to be volatile on speculation around possible exits by some pre-IPO shareholders
So, a sizeable proportion of Zomato’s shares could be available for trade in the near term. In fact, the total value of the Zomato stock that all these investors hold basis CMP is Rs 180 billion.
Economy gathering momentum in Q2: RBI
The chapter on the "State of Economy" in the bulletin said that the uptick in inflation in its June reading mutated in July, with the unprecedented shock to tomato prices spilling over to prices of other vegetables, the bulletin noted further.
Death in the air: 3 pilots lost their lives within 3 days; 2 in India
An IndiGo pilot scheduled for a flight from Nagpur to Pune lost consciousness and collapsed at the boarding gate on Thursday, said the airline official.
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