Business

The Enforcement Directorate (ED) has registered an FIR against Religare chief Rashmi Saluja and two others for their alleged role in a false case against Dabur Group's Burmans and illegally obtaining gains of Rs 179 crore. The ED has registered legal action against Saluja, the company's Chief Financial Officer Nitin …

Demerger of companies is a financially beneficial option for both the parent companies and the investors. Companies have benefited from this exercise due to the flow of investment from investors in companies that separated businesses as part of restructuring last year. Because, in many cases due to demergers, it has …

RBI imposes fine on HDFC Bank and Axis Bank: The Reserve Bank of India has imposed a heavy fine on two top private sector banks. One of them is the country's top private bank HDFC Bank and the other is Axis Bank. RBI has taken action against both the banks …

Cryptocurrency Fraud in Global: Cases of fraud related to cryptocurrency are increasing continuously. According to a recently released FBI report, the biggest loss to the US in 2023 was around $5.6 billion. This figure is 45 percent more than in 2022. The report claims that there has been a huge …

New Delhi: After imposing 28 percent GST on online gaming companies, revenue collection has increased by 412 percent in six months. Finance Minister Nirmala Sitharaman said that 28 percent GST has been imposed on online gaming from October 1, 2023. Sitharaman said that six months after the implementation of 28 …

Ahmedabad: August has been a sluggish month for the mutual fund sector as compared to July. Total investment in mutual funds has fallen by 43 per cent in August. According to the latest data released by the Association of Mutual Funds in India (AMFI), the mutual fund sector witnessed a …

New Delhi: The new business premium (NBP) of life insurance companies rose 21.8 per cent in August compared to a year ago. This increase in premium is due to a strong increase in premium of state-owned Life Insurance Corporation of India (LIC). According to data released by the Life Insurance …

Mumbai: Contrary to caution in global markets, Indian stock markets today witnessed a stormy rally on Sensex, Nifty based funds after foreign portfolio investors and local funds became net buyers in small cap stocks. Funds led by IT-software services, technology stocks today pushed the Sensex past the intra-day 82000 mark. …

Ahmedabad: Cryptocurrencies launched in the market in the race to replace global currencies are not controlled by any financial market regulator. Instead of establishing a currency, cryptocurrencies are now being misused day by day and are becoming a major means of fraud. In 2023, global crypto fraud losses increased by …

Bluetooth calling watch: BOAT has launched its new smartwatch in the Indian market. The company has named this new watch Storm Call 3 Plus. The company has given a 1.96-inch LD display in this watch. The battery given in the watch lasts up to 7 days on a single charge. …