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Kotak Bank promoter donated electoral bonds worth Rs 60 cr, but RBI cracks down on lender to protect customers

Apr 25, 2024

New Delhi, April 24 (IANS) Infina Finance, one of the promoter group entities of Kotak Mahindra Bank which was barred by the RBI on Wednesday from onboarding new customers, had donated electoral bonds worth Rs 60 crore to the BJP.Infina Finance, owned by the Kotak family, is listed as one of the promoter group entities of Kotak Mahindra Bank which…

Nvidia acquires GPU software provider Run:ai likely for $700 million

Apr 25, 2024

New Delhi, April 24 (IANS) Graphics chip giant Nvidia on Wednesday said it has acquired Run:ai, a Tel Aviv-based workload management and orchestration software provider.According to reports, the deal size could be around $700 million.The…

Business

Qualcomm expands Snapdragon portfolio with new platform to power AI PCs

Apr 24, 2024

New Delhi, April 24 (IANS) Chip-maker Qualcomm on Wednesday expanded its Snapdragon X Series portfolio with a new platform to deliver better performance, longer battery life and on-device AI capabilities for more Windows PCs.Original…

Business

UK begins probe into AI partnerships by Microsoft, Amazon

Apr 24, 2024

London, April 24 (IANS) The UK's Competition and Markets Authority (CMA) on Wednesday launched a preliminary probe into partnerships between tech giants over artificial intelligence (AI), like Microsoft and Mistral AI, and Amazon and…

Business

RBI issues red alert on illegal entities in forex market

Apr 24, 2024

Mumbai, April 24 (IANS) The Reserve Bank of India (RBI) on Wednesday issued an alert against unauthorised entities offering foreign exchange (forex) trading facilities to Indian residents with promises of exorbitant returns.The RBI has…

Business

REC okays Rs 1,869 crore loan for Kiru hydro project in J&K

Apr 24, 2024

Gurugram, April 24 (IANS) REC Limited, a Maharatna public sector company and a leading NBFC, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) for providing a term loan of Rs 1,869.26 crore. The loan will be…

Business

HUL posts 6 pc fall in Q4 net profit at Rs 2,406 crore, declares dividend of Rs 24 per share

Apr 24, 2024

Mumbai, April 24 (IANS) Fast-moving consumer goods (FMCG) giant Hindustan Unilever Ltd (HUL) on Wednesday reported a 6 per cent decline in net profit to Rs 2,406 crore for the January-March quarter from Rs 2,552 crore in the same period of…

Business

RBI bars Kotak Mahindra Bank from onboarding new customers online, issuing fresh credit cards

Apr 24, 2024

Mumbai, April 24 (IANS) The Reserve Bank of India (RBI) on Wednesday directed Kotak Mahindra Bank Limited to stop onboarding of new customers through its online and mobile banking with immediate effect and also barred the bank from issuing…

Business

Nifty gains for fourth straight day, Sensex ends higher

Apr 24, 2024

Mumbai, April 24 (IANS) The Nifty remained firm for the fourth day and closed with gains of 34 points at 22,402 levels, while Sensex closed 114 points higher at 73,853 levels on Wednesday. The majority of the sectors ended in green with…

Business

Ultraviolette launches e-motorcycle ‘F77 Mach 2’ at Rs 2.99 lakh

Apr 24, 2024

New Delhi, April 24 (IANS) Electric vehicle (EV) company Ultraviolette on Wednesday launched a new e-motorcycle -- the F77 Mach 2 -- at a starting price of Rs 2,99,000. The higher-range F77 Mach 2 Recon comes at a special introductory price…

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