Business

Mumbai doctor loses ₹7 lakh in deep fake scam: A 54-year-old Ayurvedic doctor living in Andheri became a victim of a deep fake scam. She has complained of a loss of 7 lakhs. She invested after watching a deep fake video of the country's richest man Mukesh Ambani promoting Rajiv …

New Delhi: Funding in domestic tech startups fell 13 per cent to $4.1 billion during the first half of the current calendar year (January-June). Companies raised $4.8 billion in the same period of 2023. In such a situation, investors are moving away from tech startups. The number of funding rounds …

Mumbai: The government has imposed stock limits on tur, chana and kabuli chana as a part of preventing hoarding of pulses in the country and preventing artificial increase in prices. Sources in the Department of Consumer Affairs said that this limit will remain in force till September 30, 2024. For …

New Delhi: The Indian pay-to-play online skill gaming industry is facing challenges with the recent GST tax amendments imposing a 28 per cent duty on deposits. The excessive tax liability has created adverse effects, including funding shortfalls, slower growth of companies in the emerging sector, job losses and increased uncertainty, …

Mumbai: Job creation was at an 18-year high in June as activity in the manufacturing and services sectors picked up. The composite preliminary purchasing managers' index (PMI) for the manufacturing and services sectors rose to 60.90 in June from 60.50 in May. Due to the strong activities in the service …

Mumbai: Cryptocurrencies witnessed a sell-off in the market after the dollar strengthened against global currencies. The leading crypto Bitcoin fell by more than $2,500 in the last twenty-four hours and was trading at $63,775 late in the evening. Other cryptos including Ethereum also softened behind Bitcoin. Ethereum's price was fixed …

Market regulator, Securities and Exchange Board of India (SEBI), has imposed certain additional measures along with enhanced monitoring due to concerns over listing price rises after IPOs. So that such irregularities can be stopped. These rules will be implemented within three months When any stock is listed, a one-hour session …

Fintech startups such as Cred, PhonePe, BillDesk and Infibeam Avenues are facing significant disruption due to the regulation requiring the issuance of credit card bill payments through a centralised billing network. The rule will come into effect from July 1. India's largest card issuer HDFC Bank with 20 million credit …

The market capitalisation of mid-cap and small-cap companies, in terms of their share in the total market value, reached record levels in May, driven by strong sentiment from domestic investors towards the mid-cap and small-cap segments. However, mutual fund managers themselves are warning that such a situation is dangerous. According …

Last Wednesday, the Union Cabinet approved the all-weather greenfield deep draft major port at Wadhawan in Maharashtra at a cost of Rs 76,220 crore. The port will be counted among the top ten ports in the world when construction is completed. The Vadhavan Port project will be implemented under a …