RBI to give interim dividend of Rs 28,000 crore to government

RBI will be paying Rs 28,000 crore as interim dividend to the government. This amount would help the Centre meets its revised budget estimates which includes an allocation for... Read more »

Cognizant to pay $25 million to SEC on grounds of bribery

Coginzant, the U.S multinational is going to pay $25 million to the U.S Security and Exchange Commission (SEC) to help settle bribery charges. This comes after the Department of... Read more »

Software Pirates hack iPhones using Apple technology

TutuApp, Panda Helper, AppValley and TweakBox and other software have prodded into Apple phones using digital certificates. This technology was specially introduced by corporations to distribute business apps to... Read more »

Managing trustee of Tata Trust, R Venkataramanan steps down from his post

The managing trustee of Sir Dorabji Tata Trust, R Venkataramanan on Wednesday will step down from his post with effect from March 31, 2019, the trust said in a... Read more »

Reliance Power asked SEBI to ban Edelweiss Group over allegations of misconduct

Anil Ambani led Reliance has asked SEBI to ban Edelweiss Group on grounds of misconduct. According to Ambani, they  participated in illegal activities and have disrupted the market. This... Read more »

ICICI Prudential MF announces its AOP

The Additional Offering Period (AOP) of ICICI Prudential Mutual Fund managed BHARAT 22 ETF has just been announced. This AOP is a part of the Government of India’s overall... Read more »

UAE to invest in refining and petrochemical projects in India

Oil demand is rising in the world’s third largest energy consumer i.e India. Surprisingly, oil-rich UAE said on Monday that it is looking at investing more in refining and... Read more »

MTNL suffers a loss of Rs 2973 crores, seeks claims of Rs 500 crores from Telecom Department

In a world of mobile phones, cash-strapped MTNL are struggling. They have approached the Telecom Department seeking claims of about Rs 500 crore, under multiple heads, including rendering of... Read more »

RBI will help recast Rs 1 trillion worth loans for MSMEs.

The Reserve Bank’s restructuring initiative for small businesses announced last month will help recast Rs 1 trillion of loans for 700,000 eligible micro, small and medium enterprises, said a... Read more »

Indian equity markets get an investment boost of Rs 5,300 crores.

Foreign investors have invested a sum of Rs 5,300 crore in the Indian equity markets in the last six trading sessions, mainly on expectations of higher economic growth. This... Read more »