New Delhi: Counterfeit currency detections, particularly of Rs 500 and Rs 2,000 notes, have seen a sharp rise in recent years, according to data shared by the Ministry of Finance during a recent Lok Sabha session.
New Delhi: Senior lawyer and former Attorney General of India Mukul Rohatgi refuted allegations against the Adani Group, stating that its founder chairman, Gautam Adani, and his nephew, Sagar Adani, have not been accused of bribery or obstructing justice in the US, media reports said.
The Indian government's Cabinet Committee on Economic Affairs (CCEA) has approved the Income Tax Department’s Permanent Account Number (PAN) 2.0 Project which aims to streamline and modernise the process of issuing and managing PAN and TAN.
Bengaluru/IBNS: Japanese motorcycle manufacturer Honda has finally entered India's electric two-wheeler (E2W) market with the launch of its two new electric scooters — Activa e: and QC1.
Mumbai/IBNS: Adani Enterprises Ltd. and Wilmar International Ltd. have reportedly postponed plans to sell at least 12 percent of their stake in Adani Wilmar Ltd., their Indian food venture, following a US bribery indictment involving billionaire founder Gautam Adani, Bloomberg reported, citing sources familiar with the matter.
The Securities and Exchange Board of India (SEBI), the country’s capital market regulator, continues to play a pivotal role in defining the framework of India’s financial markets. As we step into 2025, SEBI’s evolving regulations are expected to shape the brokerage landscape, making it more transparent, cost-efficient, and technology-driven.
Mumbai/IBNS: Telecom stocks surged on Tuesday (Nov. 26) following reports that the Union Cabinet approved waiving bank guarantees (BGs) for spectrum purchased before 2022.
Mumbai/IBNS: Shashikant Ruia, the co-founder of the Essar Group and a patriarch of the billionaire Ruia family, passed away at the age of 81, the family announced in an official statement on Tuesday (Nov. 26).
Plastonix Inc., a Canada-based, plastics recycling technologies company, has announced signing a Memorandum of Understanding (MOU) with Bengaluru and New York co-headquartered technology and IT services company Vee Technologies to pursue a 50:50 joint venture to collaboratively develop a plastic waste recycling system in India using Plastonix’s patent-pending technology.
New Delhi/IBNS: S&P Global Ratings has maintained India's GDP growth forecast for the current financial year 2024-25 at 6.8 percent, but has revised down its growth projections for the next two fiscal years.
Ahmedabad/IBNS: Adani Group has reassured investors that its listed companies have sufficient cash reserves to meet debt obligations for the next 12 months.
Ahmedabad/IBNS: The Adani Group has demonstrated robust financial health and consistent growth, as highlighted in its H1 FY25 and Trailing-Twelve-Month (TTM) results.
Mumbai/IBNS: Indian stock markets rallied sharply on Monday (Nov. 25) following the BJP-led NDA's decisive victory in the Maharashtra assembly elections, which includes Mumbai, India’s financial hub.
New Delhi/IBNS: India is unlikely to import Japan’s Shinkansen, or bullet train, for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor, seven years after the project's launch, Moneycontrol reported.
Mumbai/IBNS: In a rare intervention, the Reserve Bank of India (RBI) directed certain banks on Friday (Nov. 22) to reduce their long positions in the dollar-rupee trade to counter speculative activities affecting the rupee, which has fallen to an all-time low, Reuters reported, citing its sources.
Mumbai/IBNS: India's foreign exchange reserves witnessed a record decline of nearly $18 billion during the week ending November 15, as global investors continued to withdraw funds from Indian stock markets.
Mumbai: Gautam Adani, chairman of the Adani Group, has been indicted by U.S. prosecutors, along with seven others, for allegedly paying bribes amounting to Rs 2,029 crore ($265 million) to Indian officials to secure solar power contracts across four states and a union territory.
New Delhi: India is set to introduce an incentive program worth up to $5 billion to encourage domestic manufacturing of components for gadgets such as mobile phones and laptops, media reports said.
New York: Gautam Adani’s conglomerate is staring at a possible funding crunch after a US arrest warrant was issued against the billionaire founder over an alleged $265 million bribery scheme, according to a Reuters report.
Automobile major Mahindra has unveiled teaser sketches of its upcoming Electric Origin SUVs named the BE 6e and XEV 9e.
EV scooter manufacturer Ather Energy Limited has introduced ‘Eight70 Warranty’ for its Ather 450 series and Rizta scooters, in collaboration with Reliance General Insurance.
New York/IBNS: Bitcoin extended its bullish run on Friday (Nov. 22), reaching a record high of $99,300, edging closer to the much-anticipated $100,000 mark.
Mumbai/IBNS: Reliance Jio, India's largest telecom operator, suffered a significant blow in September, losing an alarming 7.97 million subscribers, according to the latest report by the Telecom Regulatory Authority of India (TRAI).
Mumbai/IBNS: India’s stock market saw a robust recovery on Friday (Nov. 22), with benchmark indices rallying significantly during intraday trade.
Bengaluru/IBNS: Ola Electric, currently facing controversies, a government investigation, and rising losses, is reportedly preparing to lay off around 500 employees as part of a restructuring initiative, reports Inc42.
Nairobi: Kenyan President William Ruto announced on Thursday the cancellation of multimillion-dollar airport and energy deals with Indian tycoon Gautam Adani, following US bribery and fraud indictments against the billionaire, according to the Associated Press.
Mumbai: Adani Group chairman Gautam Adani, along with seven others, has been indicted by U.S. prosecutors for allegedly paying bribes amounting to Rs 2,029 crore ($265 million) to officials in India to secure solar power contracts across four states and one union territory.
California/IBNS: Elon Musk’s artificial intelligence (AI) startup xAI has secured $5 billion in a fresh funding round, boosting its valuation to $50 billion, according to a report by the Wall Street Journal on Wednesday (Nov. 20).
Bengaluru/IBNS: Byju Raveendran, the founder of the bankrupt Indian edtech company Byju’s, allegedly attempted to use hidden loan funds to secretly buy back a US-based software company under the control of an American trustee, according to new court filings.
New Delhi/IBNS: The Adani Group has denied the charges of bribery and fraud brought against its chairman, billionaire Gautam Adani, by the US Department of Justice and the US Securities and Exchange Commission.
