NEWS
Tata Technologies IPO to open on 22 November
15 Nov 2023
Tata Technologies Ltd has come out with an initial public offer of shares in which shareholders of the company will sell a little over 15 per cent of the shares of the company.
RBI stops Bajaj Finance from digital lending
15 Nov 2023
The Reserve Bank of India (RBI) has directed Bajaj Finance Ltd to stop sanction and disbursal of loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’, with immediate effect.
Bahrain’s Investcorp looks to raise up to $548 m in yuan fund
14 Nov 2023
Encouraged by its successful share sale through an IPO, Investcorp Capital, an alternative asset manager based in Bahrain, is reported to be looking to raise 2 billion to 4 billion yuan
India’s wholesale price inflation higher at (-) 0.52% in October
14 Nov 2023
India’s wholesale price inflation based on the wholesale price index (WPI) for October 2023 stood at (-) 0.52 per cent in October 2023 against (-) 0.26 per cent registered in September 2023
India’s consumer price inflation down at 4.87% in October
14 Nov 2023
The annual rate of inflation based on the consumer price index (CPI) in India declined to 4.87 per cent in October 2023 from 5.02 per cent in September. The CPI inflation rate was at 7.56 per cent in September 2022.
Greek government sells 20% stake in National Bank
13 Nov 2023
The Greek government on Tuesday announced the sale of a 20 per cent stake in National Bank of Greece (NBG).
Moody's issues 'negative' outlook for US credit amidst high interest rates
11 Nov 2023
Moody's Investors Service, a leading credit rating agency, revised its outlook on the United States government's debt from "stable" to "negative."
Alphabet’s Google explores significant investment in chatbot startup Character.AI
11 Nov 2023
Google, a subsidiary of Alphabet Inc., is reportedly in advanced discussions to inject hundreds of millions of dollars into Character.AI, a burgeoning AI chatbot startup.
Byju's faces a $1.2 billion loan default fallout as lenders assume control of key units
10 Nov 2023
In a significant development for Byju's, once considered one of India's premier tech startups, lenders have formally declared a default on a $1.2 billion loan as they take control of a vital unit of the education technology provider
Apple settles with U.S. government for $25 million in immigration hiring dispute
10 Nov 2023
In a groundbreaking settlement, technology giant Apple Inc. will pay $25 million to resolve allegations by the U.S. Department of Justice (DOJ) that the company engaged in discriminatory hiring practices favoring immigrant workers over U.S. citizens and green card holders for specific job positions.
A major ransomware attack targets China's largest lender, ICBC
10 Nov 2023
In a major cybersecurity incident, the U.S. arm of the Industrial and Commercial Bank of China (ICBC) fell victim to a ransomware attack, disrupting trade in the U.S. Treasury on Thursday, 9 November 2023.
Dabur Chairman Mohit Burman assures continuity in board structure following Religare acquisition
10 Nov 2023
In the wake of the Burman family office's acquisition of a majority stake in Religare Enterprises (REL), Dabur India Chairman Mohit Burman clarified in a video call on Thursday, 9 November 2023, that there are no plans to alter the existing board of the financial services company.
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