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Zee Entertainment denies report of fund diversion

Feb 21, 2024

New Delhi, Feb 21 (IANS) Zee Entertainment Enterprises said on Wednesday that the company is not aware of any order wherein SEBI has recorded any finding. “As disclosed in the company’s statement of unaudited standalone financial results for the quarter and nine months ended December 31, 2023, published by the company and available on its website,…

India’s FY2024 Q3 GDP growth at 6 per cent: ICRA

Feb 21, 2024

Chennai, Feb 21 (IANS) Credit rating agency ICRA on Wednesday said India’s Gross Domestic Product (GDP) would grow at 6 per cent in Q3 FY2024 from 7.6 per cent in Q2 FY2024. Further, the Gross Value Added (GVA) growth is estimated to ease…

Business

‘Money mule’ bank accounts on the rise in India: Report

Feb 21, 2024

New Delhi, Feb 21 (IANS) Banks in India need to bolster their fraud defences as the number of mule accounts surge and third-party account takeover fraud (55 per cent of all frauds in the country) represents a bigger threat than social…

Business

AI startups from Tier 2, 3 cities is PM Modi’s dream: Union Minister

Feb 21, 2024

New Delhi, Feb 21 (IANS) As India sees a spurt in startups in the field of Artificial Intelligence (AI), Prime Minister Narendra Modi has a dream that startups in new and emerging technologies should now come from Tier 2 and 3 cities,…

Business

UST acquires Australian process transformation company Leonardo

Feb 21, 2024

New Delhi, Feb 21 (IANS) Digital transformation solutions company UST on Wednesday announced the strategic acquisition of Leonardo, a leading provider of business process improvement, automation and integration services in the Australia and…

Business

PFRDA notifies simplified rules for Pension Funds, NPS Trust

Feb 21, 2024

New Delhi, Feb 21 (IANS) The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System Trust and the Pension Fund to reduce the cost of compliance and enhance the…

Business

FMCG stocks underperformed benchmark index in last one year

Feb 21, 2024

New Delhi, Feb 21 (IANS) Corporate commentary in the quarter gone by lacked any concrete evidence of pickup in rural demand which reflected in the underperformance of the FMCG sector in every time frame in last one year, JM Financial…

Business

Amazon plans to launch low-priced fashion vertical ‘Bazaar’ in India

Feb 21, 2024

New Delhi, Feb 21 (IANS) E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called 'Bazaar' in India.According to a communication the company has sent to its partners, the new vertical Bazaar is a special…

Business

DPIs like UPI, Aadhaar to propel India towards $8 trillion economy by 2030

Feb 21, 2024

New Delhi, Feb 21 (IANS) Digital Public Infrastructure (DPIs) like Unified Payments Interface (UPI) and Aadhaar are poised to propel India towards a $8 trillion economy by 2030, helping the country achieve a $1 trillion digital economy…

Business

FIIs massively sold financial stocks worth $30bn in January

Feb 21, 2024

New Delhi, Feb 21 (IANS) FIIs massively sold financial stocks worth $30 billion while IT sector saw large buying of $4.5 billion in January 2024, JM Financial Institutional Securities said in a report. The sector-wise breakup of FII…

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