BUSINESS
RazorpayX launches forex service for founders, to empower 1,000 startups
With an annualised run rate of Rs 350 crore under this forex service to date, the company expects it to scale up by 3-4 times in the next financial year. Currently, forex transfers in India towards startup funding are riddled with several gaps, eventually taking up over 2 months in addition to a hefty late submission fee which compounds with each day of delay.
Adani Group hits back with detailed responses to Hindenburg's unsubstantiated accusations
Adani Group's response also raises the questions against the ulterior motives and modus operandi of Hindenburg that has conveniently ignored the Indian judiciary and regulatory framework. The detailed response from Adani Group covered its governance standards, credentials, creditworthiness, best practices, transparent conduct, financial and operational performance and excellence.
LIC net gains from holdings in Adani Group at Rs 27,300 crore
LIC's total investment in Adani shares has been at Rs 28,400 crore. The value of these shares before the crash of last week was Rs 72,200 crore. The crash happened because of a research report by short seller, Hindenburg Research. Still, the value of Adani Group shares held by LIC is at Rs 55,700 crore and LIC's net gain is Rs 27,300 crore.
Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India
In the Union Budget 2023-24, the entire emphasis of the Modi government will be on infrastructure development, especially projects related to Railways and getting high-speed trains becoming operational as soon as possible. The Modi government is working on increasing the railway budget by 20-25 per cent to strengthen the infrastructure of the entire railway system.
These industries still hold promise for startups in India in 2023
Startups created in 2023 are going to be more cash-conservative attitude and hence will be revenue and growth-focused. Due to layoffs at some large corporations, well-funded startups now have access to a new pool of brilliant people, according to 100X.VC, India's first venture fund to invest in early-stage startups using iSAFE Notes.
Naked short selling not permitted in Indian markets
As per SEBI norms, short selling shall be defined as selling a stock which the seller does not own at the time of trade. All classes of investors, viz., retail and institutional investors, shall be permitted to short sell. The securities traded in the F & O segment shall be eligible for short selling. SEBI may review the list of stocks that are eligible for short selling transactions from time to time.
Growth in patents, trademark filing shows India's rising scientific prowess: PM
In his monthly radio broadcast 'Mann Ki Baat', Modi said that in patents alone, there has been an increase of about 50 per cent in the last five years. "In the Global Innovation Index too, India's ranking has improved tremendously and now it has reached 40th position, while in 2015, India was behind even the 80th position in the Global Innovation Index," he said.
SEBI may probe short selling to hammer down Indian markets
Sources said Indian markets have been under onslaught in the last few trading sessions and a probe will ascertain the role of short sellers in bringing the market down. According to a SEBI discussion paper, short selling -- the sale of a security that the seller does not own -- is one of the long-standing market practices, which has often been the subject of considerable debate and divergent views in most of the securities markets across the world.
Pakistan hikes petrol, diesel prices by Rs 35
Finance Minister Ishaq Dar made the announcement in a brief televised address, and added that Kerosene oil and light diesel oil prices have been hiked by Rs 18 per litre, The Express Tribune reported. On petroleum shortage, he said that "artificial" shortage is being created.
Failed to deliver commercial unit, HRERA orders realtor to refund money
The complainant paid Rs 16,38,379- against the booking of a commercial unit to the builder executing an agreement in September 2013 - accordingly, the promoter had committed to deliver the unit in four years. The allottee had booked a retail shop in the project of ISH Realtors Private Limited at Sector 109, Gurugram.
Don't Miss
Advertisement