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Updated: 1 hour 15 min ago

FM Nirmala Sitharaman asks fintechs to blend innovation, compliance

Mon, 02/26/2024 - 18:17
Regulators told to hold monthly meetings with startups and fintech firms

Vedanta coupon payment on $894 million bond booked With 7 days delay

Mon, 02/26/2024 - 18:12
As part of the agreement, Vedanta paid investors $57 million up front for bond due in August 2024 and extended the maturity of the remaining $894 million in principal

Diversity in India's ecosystem aids Razorpay's global forays, says CFO

Mon, 02/26/2024 - 18:10
The company eyes Indonesia, Vietnam, and the Philippines for expansion into South East Asia

Whirlpool accelerates debt reduction as interest rates stay high: Report

Mon, 02/26/2024 - 18:04
Whirlpool raised $300 million in the US investment-grade bond market on Feb. 22 to refinance a 2024 maturity

Vijay Shekhar Sharma steps down from Paytm Payments Bank board amid crisis

Mon, 02/26/2024 - 17:21
The development comes weeks after the Reserve Bank of India (RBI) imposed severe restrictions on the payments bank's operations

Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank

Mon, 02/26/2024 - 15:01
The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank

Food delivery company Swiggy changes registered name ahead of IPO

Mon, 02/26/2024 - 14:50
Swiggy is planning to file its draft red herring prospectus with the Securities and Exchange Board of India for its IPO in the next couple of days, aiming for an $11 billion IPO valuation target

NTPC crosses 100 million tonne coal production mark from captive mines

Mon, 02/26/2024 - 14:32
While the first 50 MT coal production was achieved in 1,995 days on June 19, 2022, the next 50 MT coal production was achieved in 617 days only, NTPC said

CBI court convicts Bank of Baroda manager after 27 years of chargesheet

Mon, 02/26/2024 - 14:08
The central probe agency had taken over the probe in 1994 and had filed a charge sheet in both cases in 1996, CBI said

Cipla receives approval from drug regulator CDSCO for UTI drug

Mon, 02/26/2024 - 13:58
Plazomicin is a new intravenous (IV) aminoglycoside that has demonstrated efficacy and safety in clinical trials compared to meropenem (antibacterial agent)

Blume Ventures invests $10 million in edtech firm Interview Kickstart

Mon, 02/26/2024 - 13:19
This is Blume Ventures' largest opening investment to date and is a clear vote of confidence in Interview Kickstart's vision, market leadership, and demonstrated profitable growth, the company said

Adani Group unveils defence complex, $362 million investment plan

Mon, 02/26/2024 - 13:18
The plans highlight the ports-to-power conglomerate's ambitions in the lucrative defence sector where manufacturing is largely dominated by government-owned companies

Paytm likely to partner with four banks for enabling UPI transactions

Mon, 02/26/2024 - 13:16
The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by March 15, leading to disruption for the popular payment app

MCA calls for speeding up edtech company Byju's inspection report

Mon, 02/26/2024 - 13:05
The ed-tech company's financial disclosures had also come under the Institute of Chartered Accountants of India's (ICAI) scanner because of a 22-month delay in the submission of its financial reports

Pfizer, Niper collaborate to support healthcare startups in India

Mon, 02/26/2024 - 12:59
The Pfizer INDovation initiative, which has supported 34 startups in India till now, is now expanding its reach through this collaboration with NIPER Ahmedabad

Bhavish Aggarwal's Krutrim rolls out OpenAI's ChatGPT rival in beta mode

Mon, 02/26/2024 - 12:05
During the announcement of the fundraise, Aggarwal had said, "India has to build its own AI, and at Krutrim we are fully committed to building the country's first complete AI computing stack"

Sebi cautions against fraudulent trading platforms offering FPI route

Mon, 02/26/2024 - 12:05
Under the rule, FPI investment route is unavailable to resident Indians, with limited exceptions as outlined in the Sebi's FPI Regulations

Pankaj Udhas, India's ghazal icon, passes away after prolonged illness

Mon, 02/26/2024 - 11:18
Veteran ghazal singer Pankaj Udhas has passed away at 72 after a prolonged illness on February 26

Airtel to offer under-river 5G connectivity for Kolkata metro commuters

Mon, 02/26/2024 - 09:16
High-capacity nodes at each of these stations have been deployed for seamless connectivity allowing commuters to use high-speed internet, voice calls, and data transmission, it said

Govt's semiconductor strategy makes progress with $21 billion in proposals

Mon, 02/26/2024 - 09:00
Israel's Tower Semiconductor Ltd. is proposing a $9 billion plant, while India's Tata Group has put forward an $8 billion chip fabrication unit