by PTI News | Feb 16, 2022 | 8:55 pm | Corporate Action, News
New Delhi, Feb 16 (PTI) Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 6 lakh each on Adroit Financial Services and Silver Stream Equities for flouting norms with respect to using National Stock Exchange's co-location facility. The stock brokers continuously logged in to secondary server in currency derivatives, cash market and Futures [...]
by PTI News | Feb 16, 2022 | 8:51 pm | Economy, News
Mumbai, Feb 16 (PTI) The manufacturing sector will need continued policy support for smoother and faster recovery to attain the long-term trend path, according to a Reserve Bank article. Although the sector may soon attain its pre-COVID level, the process of attaining the long-term trend levels may take some time, said the article 'Impact of [...]
by PTI News | Feb 16, 2022 | 8:49 pm | Corporate Action, News
New Delhi, Feb 16 (PTI) The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and [...]
by PTI News | Feb 16, 2022 | 8:45 pm | Corporate Action, News
New Delhi, Feb 16 (PTI) Edtech start up LEAD on Wednesday announced an ESOP Liquidation Plan of about USD 3 million (about Rs 22.5 crore) for its employees.The move comes at a time when LEAD is aiming for a "high growth trajectory" following the recent series E fundraise of USD 100 million led by WestBridge [...]
by PTI News | Feb 16, 2022 | 8:38 pm | News
Mumbai, Feb 16 (PTI) The establishment of National Asset Reconstruction Company Ltd (NARCL), or bad bank, will help in reducing financial stress on banks and kick-start the credit cycle, according to an article published in the RBI's monthly bulletin on Wednesday. Evidence world-wide suggests that a centralised bad bank has various systemic benefits, including freeing [...]
by PTI News | Feb 16, 2022 | 8:33 pm | Economy, News
New Delhi, Feb 16 (PTI) The country's wheat production is projected to be a record 111.32 million tonnes in the 2021-22 crop year (July-June), the agriculture ministry said on Wednesday. Production of wheat, the main rabi crop, stood at 109.59 million tonnes in the previous 2020-21 crop year. Releasing the second advance production estimate, the [...]
by PTI News | Feb 16, 2022 | 8:26 pm | Corporate Action, News
New Delhi, Feb 16 (PTI) Microfinance lender CreditAccess Grameen on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through debt securities and an additional USD 7.4 million (about Rs 55.5 crore) by issuing masala bonds. Its board of directors at its meeting on Wednesday approved the proposal to [...]
by PTI News | Feb 16, 2022 | 8:25 pm | Economy, News
Mumbai, Feb 16 (PTI) World-renowned author and public intellectual Yuval Noah Harari has warned of the perils of too-much dependence on data-driven technologies because that can result in data colonialism, which will lead to creation of tyrant governments and monopolistic corporations. The Israeli writer, who shot to instant global fame with his three bestsellers -- [...]
by PTI News | Feb 16, 2022 | 8:20 pm | Economy, News
Kolkata, Feb 16 (PTI) The eight districts of north Bengal have the potential to attract investments worth Rs 11000 crore in the next three to five years, the state government said in a statement on Wednesday.The employment potential of the region during the same period will be around 71,000, it said.The state government held a [...]
by PTI News | Feb 16, 2022 | 8:16 pm | News
New Delhi, Feb 16 (PTI) Jaguar Land Rover (JLR) on Wednesday said it has inked a multi-year strategic partnership with NVIDIA, a leading player in Artificial Intelligence (AI) and computing, to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers.Starting in 2025, all the new Jaguar and Land [...]
