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Bussiness

Sebi warns 2 funds holding Adani shares with penalties

Bussiness
MUMBAI: Sebi has threatened two Mauritus-based funds with investments in the Adani Group that they could face penalties and cancellation of...

SBI cuts FD rates again, business loans may get cheaper

Bussiness
MUMBAI: State Bank of India has cut fixed deposit rates by 20 basis points across all tenors for both the general...

Rasna buys Jumpin, expands into ‘ready to drink’ category

Bussiness
MUMBAI: Instant beverage maker Rasna on Monday announced that it has acquired the brand Jumpin from Hershey's India for expanding into...

Kotak Mahindra MF acquires 6.6% stake in Ami organics for Rs 301 crore

Bussiness
Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore...

Why China has asked its officials to cut spending on alcohol, cigarettes and travel

Bussiness
The directive specifically addressed spending on cigarettes, alcohol and receptions. (AI image) China has instructed government officials nationwide to reduce unnecessary expenditure...

SBI posts record $9.2 billion profit in FY25, driven by digital cohort

Bussiness
State Bank of India (SBI) reported a record profit of around USD 9.2 billion for the fiscal year ending March 2025,...

IPO market gathers momentum: Six firms set to raise over Rs 11,000 crore in May

Bussiness
After a quiet start to 2025, the initial public offering (IPO) market is showing renewed activity, with six main-board companies gearing...

Reliance Power inks long-term power deal in Bhutan for 500 MW solar project with Green Digital

Bussiness
NEW DELHI: Reliance Power has signed a commercial term sheet with Bhutan’s Green Digital Pvt Ltd for a long-term power purchase...

Asian markets slide as US loses last triple-A credit rating; Wall Street rally stalls, dollar and futures dip

Bussiness
Asian stock markets slid on Monday and the US dollar weakened after Moody’s downgraded the United States’ last remaining triple-A sovereign...

India sees growth in mid-market GCCs

Bussiness
BENGALURU: India is experiencing an uptick in mid-market global capability centres (GCCs). The country witnessed over 140 greenfield GCCs come up...

Emerging techs a threat to software jobs: Vembu

Bussiness
Zoho founder Sridhar Vembu BENGALURU: Zoho founder and CEO Sridhar Vembu cautioned software professionals against assuming continued dominance in the job...

Transit delays, higher costs: Bangladesh garment import curbs to hit buyers

Bussiness
NEW DELHI: Indian govt’s retaliatory move to restrict import of ready-made garments (RMG) from Bangladesh via the land route is expected...
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