The Reserve Bank of India has imposed a penalty of Rs 1 crore on Bajaj Finance for deficiencies in regulatory compliance. According to RBI, the penalty has been imposed, by an order on January 3, for violation of 'fair Practices Code of Master Direction DNBR'....
Despite negative global cues, major Indian equity indices opened higher on Tuesday owing to the gains in the financials. Data showed in the after market hours on Monday that retail inflation cooled significantly....
Lower fuel and manufactured products prices eased India's annual rate of inflation based on wholesale prices to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday. As per the Wholesale Price Index (WPI) data furnished by the Ministry of ...
India's retail inflation in December eased to 2.19 per cent from a rise of 2.33 per cent in November, official data showed on Monday....
After 100 per cent sale out of Dream Homes at Wave City in Ghaziabad, Wave Infratech on Monday said it has invested Rs 200 crore to bring the same economical housing under Wave Estate for the real estate market of Punjab. "Posed picturesquely at the foothills of the Shivalik Range, Wave Estate is a...
EbixCash World Money, the Indian subsidiary of US-based software company Ebix Inc, on Monday said it has acquired two India-based companies Essel Forex and Weizmann Forex. "EbixCash World Money Ltd, Indian subsidiary of Ebix Inc, has entered into an...
The Enforcement Directorate (ED) will soon file a money laundering case against officials and politicians in Uttar Pradesh, based on a CBI case in connection with its ongoing probe into illegal sand mining, informed sources said. They said the agency will soon file a case under the provisions of the ...
The Indian equity indices traded in the red on Monday afternoon with the S&P BSE Sensex trading over 260 points lower. The Nifty50 on the National Stock Exchange also slumped and was around the 10,700-mark level during the afternoon session....
Facing a cash crunch brought on by the partial US government shutdown, US-based Tethers Unlimited Inc. has laid off nearly 20 per cent of its workforce, the media reported. The space venture had a lineup of contracts from NASA and the Defence Advanced...
Over four million commuters including students were badly hit as the strike by over 20,000 employees of the Bombay Electric Supply and Transport (BEST), the lifeline of the city, entered the seventh day here on Monday. Amidst moves to "privatise" BEST - which supplies electricity to south Mumbai ...
