Kotak Mahindra Bank’s shares fall nearly 2.5 per cent after Hindenburg’s claim
Mumbai, July 2 - The shares of Kotak Mahindra Bank fell nearly 2.5 per cent on Tuesday after Hindenburg Research, in its reply to markets regulator SEBI's show-cause notice, said Kotak Mahindra group created and oversaw the offshore fund structure used by the
EU must open discussion on economic dimension of CBAM: Experts
New Delhi, July 2 - The European Union (EU) must start discussing the economic dimension of the Carbon Border Adjustment Mechanism (CBAM), said experts here on Tuesday.
Hindenburg claims Kotak Mahindra group’s fund short-sold Adani stocks, group says wasn’t aware
Mumbai, July 2 - After Hindenburg Research alleged that Kotak Mahindra group created and oversaw the offshore fund structure used by the investor partner of Hindenburg to short Adani stocks, the group on Tuesday said Hindenburg was never a client of its offshore
Battery electric vehicle sales hit 10-million mark globally this year: Report
New Delhi, July 2 - The sale of battery electric vehicles (BEVs) is set to hit the 10-million milestone this year, marking a significant achievement for the global passenger vehicle market, a report showed on Tuesday.
Top North Korean leader says economy shows ‘definite upturn’ this year
Seoul, July 2 - The economy of the Democratic People's Republic of Korea (DPRK) has shown "a definite upturn" in the first half of 2024 from a year earlier, top DPRK leader Kim Jong Un said during a key ruling party meeting
RBI rolls out new draft regulations to ease export & import deals
Mumbai, July 2 - The Reserve Bank of India (RBI) on Tuesday came out with new draft regulations and directions to liberalise the rules covering foreign trade transactions to promote the ease of doing business, especially for small exporters and importers.
CERT-In finds multiple bugs in Google Chrome OS, GitLab
New Delhi, July 2 - The Indian Computer Emergency Response Team (CERT-In), which comes under the Ministry of Electronics & Information Technology, has warned users of multiple vulnerabilities in Google Chrome OS and GitLab, which could allow an attacker to execute arbitrary code
Sensex closes flat amid profit booking in smallcap and midcap stocks
Mumbai, July 2 - Indian equity Indices closed flat on Tuesday following profit booking in midcap and smallcap stocks. At closing, Sensex was down 34 points, at 79,441 and Nifty was down 18 points, at 24,123.
Brand Storii forays into West Bengal with the launch of Storii Devasom Spa & Resort
New Delhi, July 2 - Strengthening its brand presence pan India, Storii by ITC Hotels made its foray into West Bengal with Storii Devasom Spa & Resort, Kolkata.
Electronics industry seeks lower tariffs, support for local ecosystem in upcoming budget
New Delhi, July 2 - The electronics industry on Tuesday urged the Central government to look into lowering tariffs on inputs in the upcoming budget and scale up local manufacturing to further beat China and Vietnam.
Explained: Why SEBI issued a show-cause notice to Hindenburg, others
New Delhi, July 2 - Market regulator Securities and Exchange Board of India (SEBI), as per directions by the Supreme Court, has issued a show-cause notice to Hindenburg Research, its sole beneficial owner Nathan Anderson and Mark Kingdon who is the ultimate beneficial
Zomato ESOP plan receives shareholders’ nod, 25 pc voted against it
New Delhi, July 2 - Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the
ESGRC platform Xcelerate secures $52 mn to fuel inorganic growth, APAC expansion
New Delhi, July 2 - Singapore-based Environmental, Social, Governance, Risk, and Compliance (ESGRC) and investing platform Xcelerate on Tuesday said that it entered into definitive agreements for a debt funding arrangement of up to $52 million with Orion Capital Asia.
CAMS joins Google Cloud to build next-gen platform for mutual funds
New Delhi, July 2 - Registrar and transfer agent of mutual funds Computer Age Management Services (CAMS) on Tuesday said that it partnered with Google Cloud to revolutionise the financial services landscape by building a next-generation platform for mutual funds, alternative investments, and
Sensex, Nifty at all-time, FPI and rate cut probability fuelling bull run
Mumbai, July 2 - The performance of the Indian equity indices has been stellar so far in 2024 due to the ongoing rally in the stock market. Sensex and Nifty both posted nearly 10 per cent gains in H12024 prompting the market experts
India’s auto sector cruises in top gear as higher demand drives up sales
New Delhi, July 2 - India’s auto sector is cruising in top gear in the current financial year with leading players notching up higher sales of cars, two-wheelers and commercial vehicles driven by higher demand in a growing economy.
AI-driven Indian platform HireMee joins Rockefeller Foundation to mentor youth for jobs
Bengaluru, July 2 - AI-enabled talent assessment and hiring platform HireMee on Tuesday said it has joined US-based Rockefeller Foundation’s Global Mentorship Initiative (GMI) to bridge the gap between graduation and first career jobs for young graduates from diverse communities in India.
Indian fast fashion industry poised to reach over $50 billion by FY31: Report
Bengaluru, July 2 - Driven by millennials and Gen Z population, the Indian fast fashion industry is projected to reach a massive $50 billion market by FY31, a report showed on Tuesday.
India’s macro fundamentals to remain strong in 2nd half of FY25: Nomura
New Delhi, July 2 - Driven by steady growth and low, underlying inflation, India’s macroeconomic fundamentals are expected to remain strong in the second half of FY25, global brokerage firm Nomura has said.
Sensex trades flat after opening at all-time high
Mumbai, July 2 - Indian equity indices were traded flat on Tuesday after opening at a record high. Sensex and Nifty made a new all-time high of 79,855 and 24,236 respectively.