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Prosecutors are digging into whether an Adani entity or people linked to the company, including Mr. Adani, were involved in paying officials in India for favourable treatment. File. | Photo Credit: The Hindu The United States has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether…
Read More “U.S. probing Gautam Adani and Adani Group over potential bribery: report” »
The credit balance transfer feature is not available from the old FASTag issued by Paytm Payments Bank to a new FASTag obtained from another bank, the bank clarified. | Photo Credit: Reuters Paytm Payments Bank on Friday said customers can continue using FASTag for making payments at enabled toll and parking merchants up to the available balance in their wallets…
Read More “Customers can use FASTag using available balance, says Paytm Payments Bank” »
Mauritius is ensuring transparency in the financial services sector and there are no shell companies there, Mauritian minister Soomilduth Bholah has said as he pitched the island nation as the platform for Indian companies to tap the African market. In an exclusive interview to PTI in the national capital, Mr. Bholah said that Mauritius is…
Photo used for representation purpose only. | Photo Credit: Reuters The rupee declined 4 paise to 82.88 (provisional) against the U.S. dollar on March 15, weighed down by unabated foreign fund outflows and a negative trend in domestic equities. Forex traders said elevated American currency overseas and crude oil prices in the international market also…
Read More “Rupee falls 4 paise to close at 82.88 against US dollar” »
A view of the Bombay Stock Exchange. Equity benchmark indices declined nearly 1 per cent on March 15 after a day’s breather amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 453.85 points or 0.62% to settle at 72,643.43 after a weak beginning. During the day, the benchmark tanked 612.46…
Bombay Stock Exchange (BSE). | Photo Credit: REUTERS Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045. From the Sensex basket, Mahindra & Mahindra, Infosys,…
Read More “Markets trade lower on weak global market trends, foreign fund outflows” »
Shares of India’s Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country’s payments authority, came as Paytm Payments Bank will cease…
Read More “Paytm jumps 5% as digital payments app survives banking unit shutdown” »
The rupee depreciated 1 paisa to settle at 82.82 (provisional) against the U.S. dollar on Thursday amid a strong greenback against major rivals overseas and rising crude oil prices. However, a firm trend in domestic equity markets supported the local currency and restricted the fall, forex traders said. At the interbank foreign exchange market, the…
Read More “Rupee falls 1 paisa to end at 82.82 against U.S. dollar” »
A pedestrian walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Benchmark Sensex rebounded 335 points while Nifty closed above the 22,100 level on Thursday as buying in IT and capital goods shares helped broader markets recover from the previous day’s sharp losses. The 30-share BSE Sensex climbed 335.39…
On a month-on-month basis, the WPI was 0.07% higher, with primary articles rising 0.22% and the Food Index up 0.17%. | Photo Credit: PTI India’s wholesale price inflation moderated to a four-month low of 0.2% in February from 0.27% in January, despite an acceleration in food and primary articles’ inflation rates, owing to a sharper…
