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PFRDA notifies new rules for Trustee Bank to protect NPS subscribers

Feb 22, 2024

New Delhi, Feb 22 (IANS) The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amended Trustee Bank and Central Recordkeeping Agency regulations in order to protect the National Pension System subscribers from fraud, reduce the cost of compliance and enhance the ease of doing business.The amended regulations were notified…

Nifty touches fresh record high on strong global cues

Feb 22, 2024

Mumbai, Feb 22 (IANS) In a volatile session, Nifty ended in the green on Thursday, touching a fresh record high helped by positive global cues, said Deepak Jasani, Head Retail Research at HDFC Securities. At close on Thursday, Nifty was up…

Business

Vodafone Idea continues to lose subscribers in Indian market: TRAI data

Feb 22, 2024

New Delhi, Feb 22 (IANS) Vodafone Idea continues to lose subscribers in the Indian market as Reliance Jio and Bharti Airtel gained subscribers in December 2023, according to the latest data released by the Telecom Regulatory Authority of…

Business

Japan’s stock index surpasses record high set 34 years ago

Feb 22, 2024

Tokyo, Feb 22 (IANS) Japan's main stock index has hit an all-time closing high, surpassing the previous record set 34 years ago, a media report said.The Nikkei 225 rose 2.19 per cent on Thursday to end the trading day at 39,098.68, BBC…

Business

Investors to go ahead with Friday meet to oust Byju’s CEO amid court order

Feb 22, 2024

New Delhi, Feb 22 (IANS) Key investors in edtech major Byju's will go ahead with the extraordinary general meeting (EGM) on Friday for a vote to remove Byju Raveendran as the company's CEO, amid a court order that any decision, taken during…

Business

PSU stocks rally driven by retail investors

Feb 22, 2024

New Delhi, Feb 22 (IANS) There has been no meaningful Institutional crowding in PSU names in this cycle, barring few names. PSU rally seems to have been driven by retail investors, foreign brokerage, Bernstein said in a report. Foreign…

Business

SpiceJet’s Board approves allotment of 4.01 cr shares to two investors, raises additional Rs 316 cr

Feb 22, 2024

New Delhi, Feb 22 (IANS) SpiceJet on Thursday said that the Preferential Allotment Committee had approved the allotment of 4.01 crore equity shares on a preferential basis to two investors, including Aries Opportunities Fund…

Business

Coal PSUs enhance green cover with 235 lakh trees across 10,784 hectares

Feb 22, 2024

New Delhi, Feb 22 (IANS) Coal PSUs have planted more than 235 lakh saplings over an area exceeding 10,784 hectares in the five-year period FY 2019-20 to FY 2023-24 till January, thus enhancing the country’s carbon sink significantly, the…

Business

India’s DPI holds incredible promise, says Uber CEO as company partners ONDC

Feb 22, 2024

Bengaluru, Feb 22 (IANS) Ride-hailing major Uber on Thursday signed an agreement with the government’s e-commerce platform Open Network for Digital Commerce (ONDC) to explore an integration with the network to expand the range of mobility…

Business

Hyundai India proposed IPO could open floodgates for many more MNCs to list in India

Feb 22, 2024

New Delhi, Feb 22 (IANS) Hyundai India, which was established nearly three decades ago, recently announced its listing plans in India. Foreign brokerage, Jefferies said this announcement could open floodgates for many more multinational…

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