BUSINESS
ED freezes Bitcoins worth Rs 7.12 crore in E-nuggets case
The agency recently carried out search operations at two premises in Kolkata, leading to seizure of Rs 1.65 crore in cash and freezing of 44.5 Bitcoin (equivalent to Rs 7.12 crore as per exchange rate) and other incriminating documents under the provisions of the Prevention of Money Laundering Act (PMLA).
CCI imposes Rs 1,337 cr fine on Google for anti-market practices
Google has been given 30 days' time to submit the requisite financial details and supporting documents. The antitrust watchdog, which began investigating Google several years ago after receiving complaints from homegrown companies, also ordered the company not to offer any incentives to smartphone makers to exclusively carry its search services.
CCI clears acquisition of 10% stake in Yes Bank by CA Basque Investments
CA Basque is a newly-formed special purpose vehicle (incorporated in the Mauritius), and is fully owned by CA Marans Investments (Mauritius), which is ultimately controlled by the funds managed by the affiliates of The Carlyle Group Inc. It is an investment holding entity and does not have any business activities in India.
Asian Paints plans Rs 2,650 crore backward integration, including white cement JV in UAE
While the VAE and VAM investment will be made within India the manufacturing of the white cement will be under a 60:40 joint venture in Fujairah, United Arab Emirates (UAE), with Riddhi Siddhi Crusher & Land Transport (Riddhi Siddhi), Fujairah, UAE, Associated Soap Stone Distributing Company Private Limited (ASD), India and others.
IndiGo introduces 8 new flights to bolster domestic connectivity
Out of these new connections, Bhopal-Udaipur flight will be a regional connectivity scheme (RCS) route and will increase accessibility between the states. These destinations are known for their breath-taking scenic tourist locations and serve as manufacturing centres of various industrial goods.
Vodafone Idea's board to finalise fund raising plan on Friday
Vodafone Idea has been trying to raise funds for a long time but has not succeeded. It may try and raise funds through issuance of convertible debentures through private placement to a vendor. Vodafone Idea owes an estimated Rs 6,800 crore to mobile tower giant Indus Towers and also Rs 2,400 crore to ATC.
Air India moves forward on five-year transformation roadmap
The airline's aggressive expansion plan, which has already seen 17 long-grounded aircraft return to the skies with 12 more to follow, and the lease-in of 30 narrow- and wide-body aircraft over the next 12 months, also necessitates a significant expansion in flying crew.
Diwali Muhurat Trading: Invest in WealthBaskets for long-term wealth creation
It enables innovative investment and wealth products and solutions like direct equity and ETF-based WealthBaskets from SEBI registered professionals to reach millions of Indians with broking accounts.
France spends $7.3bn on massive future investment plan
In a statement on Wednesday, the government said that it has scaled up financial support for 810 projects in the past year, including building a semiconductor factory, developing hydrogen technologies and manufacturing a quantum computer, reports Xinhua news agency. The country also set up several investment funds to support the growth of innovative small and medium-sized enterprises (SMEs) in the fields of ecological and energy transition.
Penalties on OYO, MakeMyTrip, GoIbibo biggest win for hospitality sector: FHRAI
Reacting to the development, FHRAI Executive Committee member and Hotel and Restaurant Association of Western India (HRAWI) President Pradeep Shetty said that it was on the basis of their complaint that OYO and Go-MMT were being investigated upon.
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