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Co-founder of collapsed crypto hedge fund 3AC held in Singapore

Sep 30, 2023

Singapore, Sep 30 (IANS) Su Zhu, Co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC) has been arrested here, the media reported on Saturday.Zhu was taken into custody while attempting to leave the country from Singapore’s Changi Airport.3AC filed for bankruptcy in July last year as the crypto market began to face its worst…

X has paid over Rs 166 crore to creators so far: CEO Yaccarino

Sep 30, 2023

New Delhi, Sep 30 (IANS) In a bid to retain users on its platform, X Corp (formerly Twitter) has paid nearly $20 million (more than Rs 166 crore) to creators so far, its CEO Linda Yaccarino has revealed.The social media platform started…

Business

India emerging as alternative supply source, says Hardeep Puri

Sep 30, 2023

New Delhi, Sep 29 (IANS) As the global supply chains are realigning, India is emerging as an alternative supply source given its raw materials, low labour costs, growing manufacturing knowhow, and entrepreneurial ability, Petroleum Minister…

Business

India’s fiscal deficit widens in April-August despite surge in tax collections

Sep 30, 2023

New Delhi, Sep 29 (IANS) The government's fiscal deficit widened to Rs 6.43 lakh crore for the first five months (April-August) of the current financial year which works out to 36 per cent of the target of Rs 17.87 lakh crore fixed in the…

Business

India’s forex kitty falls for 3rd week in a row

Sep 29, 2023

Mumbai, Sep 29 (IANS) India’s foreign exchange reserves declined for a third consecutive week to a four-month low of $590.7 billion as of September 22, data released by the RBI on Friday showed.The forex kitty fell by as much as $2.3…

Business

Sony merger with Zee delayed further

Sep 29, 2023

New Delhi, Sep 29 (IANS) The merger of Sony Pictures, a subsidiary of Japan’s Sony Group, with Zee Entertainment has been delayed further by a few months.“Although the transaction was previously expected to close by the end of the first…

Business

Core sector growth shoots up to 14-month high in August

Sep 29, 2023

New Delhi, Sep 29 (IANS) The growth in output of India's eight core industries rose to a 14-month high of 12.1 per cent in August over the same month of the previous year, according to data released by the government on Friday.The expansion…

Business

Vedanta announces demerger of diversified businesses

Sep 29, 2023

New Delhi, Sep 29 (IANS) Vedanta Limited, India’s largest diversified natural resources company has announced its plan to demerge its business units into independent “pure play” companies to unlock value and attract big ticket investment…

Business

Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept…

Sep 29, 2023

New Delhi, Sep 29 (IANS) The government has kept interest rates of all key small savings schemes unchanged for the October-December period, except for the five-year recurring deposit, which has been hiked from 6.5 per cent to 6.7 per…

Business

Jalan-Kalrock Consortium confirms Rs 350 crore infusion in Jet Airways, prepared for ownership…

Sep 29, 2023

New Delhi, Sep 29 (IANS) The Jalan Kalrock Consortium, which emerged as the successful bidder for the revival of Jet Airways, has made an additional infusion of Rs 100 crore into the airline, in accordance with the resolution plan approved…

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