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Business

RPL case: Sebi fines Reliance Industries, Mukesh Ambani, two other entities

Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its Chairman and Managing Director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007.


Lockdown impact; Automotive industry suffered Rs 2,300 cr loss per day, 3.45 lc job loss: Par panel

New Delhi: In the wake of the COVID-19 pandemic and subsequent lockdowns, the automotive industry suffered Rs 2,300 loss crore per day and an estimated job loss in the sector was about 3.45 lakh, according to a parliamentary panel report submitted to Rajya Sabha Chairman M Venkaiah Naidu on Tuesday.


LATEST HEADLINES

Biden names Indian-American Sameera Fazili as Deputy Director of National Economic Council


India records 15,158 fresh COVID-19 cases, 175 more deaths


PM Modi launches India's vaccination drive against COVID-19


50 plus flights delayed at Delhi airport due to dense fog


WhatsApp delays new privacy policy by three months amid severe criticism


Cautious India lose Gill, Rohit to reach 62/2 at tea, Australia score 369 in 1st innings


Rooney stops playing to take Derby manager job permanently


Pulwama Terrorist Attack on India was "big win" for Arnab


At 18 million, India has the world's largest diaspora population


Gold worth over Rs. 1 crore seized from two passengers at Mangaluru International Airport


President, VP, CMs contribute towards Ram Temple construction in Ayodhya


708 new COVID-19 cases in Karnataka, 3 deaths




ICICI Bank launches ‘iMobile Pay’

Mumbai: ICICI Bank today announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.

Nirmala Sitharaman, Kiran Mazumdar-Shaw in Forbes 2020 list of 100 most powerful women

New York: Finance Minister Nirmala Sitharaman, US Vice President-elect Kamala Harris, Biocon Founder Kiran Mazumdar-Shaw and HCL Enterprise CEO Roshni Nadar Malhotra have been named among the world's 100 most powerful women by Forbes, a list topped by German Chancellor Angela Merkel for the 10th year in a row.

 

Jio 5G service to launch in India in second half of 2021: Mukesh Ambani

New Delhi: Billionaire Mukesh Ambani on Tuesday hinted at rolling out 5G telecom services in the second half of 2021 and said policy steps are needed to accelerate the early rollout of ultra-high-speed 5G services that are affordable and available everywhere.

 

US Congress passes bill to delist deceitful Chinese companies from American stock markets

Washington: The US Congress has passed a bill that prohibits companies from being listed on American stock markets if they fail to provide the regulators access to their audit information for three years in a row, paving the way to delist deceitful Chinese companies from the US securities exchanges.

 

India’s Q2 GDP contracts by 7.5 %, after record slump 23.9% in last quarter

New Delhi: India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on consumer demand bouncing back.

 

TCS founder, 'Father' of Indian IT industry F.C. Kohli passes away at 96

Mumbai: Fakir Chand Kohli, the founder and the first CEO of Tata Consultancy Services (TCS), passed away on Thursday after reportedly suffering a heart attack. He was 96.

 

Govt approves merger of crisis-ridden Lakshmi Vilas Bank with DBIL

New Delhi: The government on Wednesday approved the merger of crisis-ridden Lakshmi Vilas Bank (LVB) with the DBS Bank India Ltd (DBIL) with Union minister Prakash Javadekar asserting that there will be no further restrictions on the depositors regarding withdrawals other than the current moratorium.

 

RBI imposes Rs 5 lakh penalty on Nissan Renault Financial Services India

Mumbai: The Reserve Bank of India has imposed a penalty of Rs 5 lakh on Chennai-based Nissan Renault Financial Services India Private Limited for non-compliance with the central bank's directions.

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