Markets regulator Sebi on Monday slapped a fine of Rs 5 lakh on Future Enterprises Ltd for disclosure lapses in a matter related to arbitration proceedings against Future Group by Amazon.com NV Investments Holdings LLC. Future Enterprises failed to disclose to the exchanges the information regarding the initiation of arbitration proceedings and also the passing [...]
Billionaire Mukesh Ambani's Reliance Industries Ltd on Monday announced acquisition of assets of cobalt-free lithium battery technology company Lithium Werks for USD 61 million, as it builds technology and material wherewithal for setting up an end-to-end battery manufacturing. "Reliance New Energy Ltd, a wholly owned subsidiary of Reliance Industries Ltd, has today signed definitive agreements [...]
Houston, Mar 15 (PTI) Apple has released a software update that enables iPhone users to unlock their devices while having face masks on.The new update, iOS 15.4, released on Monday also includes a host of other features for existing iPhones.In a statement, Apple said the new feature allowing users to unlock their iPhones using Face [...]
Washington, Mar 15 (PTI) An Indian-American entrepreneur from Silicon Valley has launched an artificial intelligence-based platform through which people can invest in stocks for as low as USD1."We are bringing one of the best ways to earn more to people who need it the most. We are trying to make the investments as much as [...]
New Delhi, Mar 14 (PTI) The government on Monday widened the meaning of 'Real estate business' under the foreign direct investment (FDI) policy which now includes dealing in land and immovable property to earn profit. According to a Press Note of the Department for Promotion of Industry and Internal Trade (DPIIT), it is clarified that [...]
New Delhi, Mar 14 (PTI) The Reserve Bank of India in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday. Vijay Shekhar Sharma, the chairman of digital financial [...]
Islamabad, Mar 14 (PTI) Pakistan is staring at a potential shortage of diesel as the country is left with only five days of diesel stocks after oil prices in the international market spiralled to USD 112 per barrel following Russia’s military offensive in Ukraine last month, according to a media report on Monday. According to [...]
New Delhi, Mar 14 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow up to 20 per cent foreign direct investment (FDI) in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer. The Union Cabinet had last month approved the decision [...]
New Delhi, Mar 14 (PTI) Markets regulator Sebi on Monday imposed Rs 7 lakh fine on Jaypee Infratech Ltd for disclosure lapses. The company did not make disclosures with regard to series of non-convertible debt (NCD) securities issued and listed by it, as required under market norms, a Sebi order said. Besides, it failed to [...]
New Delhi, Mar 14 (PTI) IT company Persistent Systems on Monday said it will acquire New Jersey-based cloud technology firm MediaAgility for USD 71.71 million (about Rs 548 crore) in an all-cash deal. The company will make an upfront payment of USD 53.25 million to shareholders of MediaAgility. Besides this, shareholders of MediaAgility will be [...]
