Market regulator Sebi has issued administrative warning to One 97 Communications, the parent company of Paytm, the company informed stock exchanges late evening on July 15. The warning letter is over related…
Month: July 2024
M S Dhoni bets on Gurugram startup BluSmart that rivals Ola and Uber in EV biz
Former captain of the Indian cricket team, Mahendra Singh Dhoni, is among the investors in a Rs 200-crore funding round at BluSmart which competes with Ola and Uber in EV business. This marks…
South Indian Bank appoints Dolphy Jose as wholetime director
Thrissur-based South Indian Bank today announced the appointment of Dolphy Jose as Whole-time Director (Executive Director) of the Bank with immediate effect. Jose is an accomplished banker with over 25 years of…
BoB to offer 7.25%launches BoB monsoon dhamaka deposit scheme
Bank of Baroda today announced the launch of the bob Monsoon Dhamaka Deposit Scheme, a special term deposit product offering higher interest rates. The bob Monsoon Dhamaka Deposit Scheme is available in…
57% of equity MFs outperform respective benchmarks in June’24,finds PL Wealth Management
The AUM (assets under management) of equity mutual funds witnessed a growth of 8.27% sequentially to INR 23,84,727 crore in June 2024 from INR 22,02,497crore in May 2024 (excluding Sectoral /Thematic Funds), said…
Kotak Mahindra CEO says bank has more to do on technology front, committed to further enhancing resources
Kotak Mahindra Bank (KMB) Managing Director and Chief Executive Officer Ashok Vaswani acknowledged that the bank needs to do more the technology-front and said the lender is committed towards allocating resources and…
Softbank exits Paytm at loss of around $150 million
Japan’s Softbank investment arm, Softbank Vision Fund, exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion…
BNW Morning Brief: Top Headlines of the week
Top headlines of the week from Biznewsweek
BNW quick analysis| Why did inflation rise in June?
The heatwave impact has been seen on vegetables. Wheat production lower according to the market for FY24 which has seen prices move up. These products will continue to witness high inflation.
RBI deputy governor Patra says price stability key for growth
The RBI has kept the interest rates steady for eight consecutive monetary policies citing persisting risks to inflation.