Topics Related To Finance
Reuters | | Posted by Yagya Sharma Troubled Indian mobile service provider Vodafone Idea Ltd said on Friday the government ordered the company to convert into equity all the interest related to payments for spectrum and other dues owed to the government for use of airwaves. The total amount to be converted into equity shares … Read more
Centre will take 33 per cent equity in Vodafone Idea New Delhi: The government will take 33 per cent equity in Vodafone Idea after converting all interest related to payments for spectrum and other dues into equity, making it the single-largest shareholder in the telecom firm. Vodafone Idea will convert dues of Rs 16,133 crore … Read more
Amid heightened uncertainties regarding Adani Group in the aftermath of a jarring Hindenburg report, the Reserve Bank of India on Thursday dismissed concerns about the “exposure” of Indian banks to the Gautam Adani-led conglomerate and said that the banking sector was “resilient and stable”. “There’ve been media reports expressing concern about exposures of Indian banks … Read more
CRAs will have to follow a uniform practice of three consecutive months of non-submission of NDS. New Delhi: The Securities and Exchange Board of India (SEBI) on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly … Read more
The incident happened as the Queen spent Christmas Day at Windsor Castle. (File) London: A man told a UK court on Friday that he wanted to “injure” Queen Elizabeth II after sneaking into Windsor Castle armed with a loaded crossbow on Christmas Day in 2021. Jaswant Singh Chail, 21, who was detained on the grounds … Read more
Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over to the new tax regime in the next financial year itself. “We have left it to the tax payers as to how many people will shift to the new … Read more
Reuters | | Posted by Singh Rahul Sunilkumar InterGlobe Aviation Ltd, the operator of India’s top airline IndiGo, on Friday reported an eleven-fold jump in quarterly profit led by a pick up in demand for air travel. The airline has been contending with surging fuel costs and currency volatility tha t hit profit for the … Read more
Citizens protest for an uninterrupted supply of electricity a plan to eradicate loadshedding. Johannesburg, South Africa: Already struggling without electricity for hours a day, many South Africans are now having to do also without water, as power outages batter the supply system. A power failure at a pump station feeding reservoirs and water towers caused … Read more
Pakistan’s prime minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are “beyond imagination”, as it battles a spiralling economic crisis. An International Monetary Fund (IMF) delegation landed in Pakistan on Tuesday for last-ditch talks to revive vital financial aid that has stalled for months. The government has … Read more
Hinderburg research report alleging Adani group of stocks manipulation and multiple financial fraud has caused the conglomerate to lose $120 billion as all its stocks have fell, wiping out more than half of their combined value. But what has the US based investment research firm gained from it? Hindeburg research in its 100-page report released … Read more