China Evergrande records $4.5 billion loss in first half of the year
China Evergrande Group is set to restart trading of its stocks on Monday, concluding a 17-month suspension. This comes after the most heavily indebted real estate developer in the world…
Stock market today: What to expect from Nifty, Sensex, Bank Nifty in trade on August 28
The Indian benchmark equity indices, Sensex and Nifty, are likely to open higher Monday amid positive global cues. The trends on Gift Nifty also indicate a positive start for the Indian…
Chandrayaan-3 delivers debut scientific insights from moon’s South Pole, says ‘temperature variation could be…’
In a significant achievement for India's space agency, it has collected groundbreaking scientific data from the previously uncharted South Polar region of the Moon. The Vikram lander's thermal probe has…
Swiggy and Gogoro announce electric vehicle partnership in India
Gogoro In, a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced a vehicle partnership with Swiggy, India’s leading on-demand convenience delivery platform. “Accelerating…
RBI imposes monetary penalty on 4 co-operative banks. Details here
The Reserve Bank has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These banks are: Ordnance Equipment Factory Prarambhik Sahkari Bank Ltd, Vishwanathrao Patil Murgud Sahakari…
NCLAT to hear IDBI plea in ZEE case
The National Company Law Appellate Tribunal (NCLAT) on Thursday agreed to hear the plea by IDBI Bank on 31 August, seeking insolvency proceedings against Zee Entertainment to recover dues of ₹149.6 crore. On…
China’s real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal
The company has sought protection under Chapter 15 of the US bankruptcy code, a measure that protects non-US companies undergoing restructurings from creditors that hope to sue them or tie…
Happy Birthday FM Nirmala Sitharaman! A look at Finance Minister’s major achievements on her 64th birthday
FM Nirmala Sitharmana, one of the most interactive Finance Ministers of India, has turned 64 years old today, August 18. She regularly holds meetings with industry bodies, public sector banks,…
Rupee opens 13 paise higher at 83.02 as US dollar retreats
The Indian rupee opened 13 paise higher against the US dollar on Friday after a pullback in the greenback and the US yields. The local currency opened at 83.02 a…
Goldman Sachs buys Adani Power shares worth ₹2,876 crore. Stock jumps
Goldman Sachs GQG Partners International Opportunities Fund has bought fresh stake in Adani Power Ltd. As per the information available on Indian stock market exchanges, the US-based investor bought 10,30,30,127 Adani Power shares paying ₹279.15…
