LJP MPs join hands against Chirag PaswanJune 14th, 2021 09:27 A source said the group of MPs has conveyed their decision to the Lok Sabha Speaker. There has been no official comment from either Chirag Paswan, who has not been keeping well, or the rebel group so far.
Explained: Who is Naftali Bennett, Israel#39;s new leader?June 14th, 2021 09:27 Naftali Bennett has long positioned himself to the right of Netanyahu. But he will be severely constrained by his unwieldy coalition, which has only a narrow majority in parliament and includes parties from the right, left, and centre.
RattanIndia Finance JV partners agree to appoint new CEO, CFOJune 14th, 2021 08:27 In a major relief to the US-based $85 billion private equity firm Lone Star Funds, the estranged joint venture partners in RattanIndia Finance Pvt Ltd have amicably decided to appoint a new chief executive officer within two working weeks and a new chief financial officer within eight weeks.
Reliance Power to raise Rs 1,325 cr from Reliance Infra to trim debtJune 14th, 2021 08:27 Reliance Power, which is part of Anil Ambani Group, plans to raise Rs 1,325 crore from its promoters to reduce debt. It will issue equity shares and convertible warrants to Reliance Infrastructure, which will see its stake in Reliance Power rise to 38% from the current 9%.
Infosys hired 3000 employees in US in FY21, EU strength dipsJune 14th, 2021 08:27 Indian IT firms have increased efforts to hire locals in the last two years. Infosys has already surpassed its commitment, made in 2017, to hire 10,000 American workers. TCS has hired 21,500 employees in the US over the last five years.
Nifty’s got 16,000 in its sightsJune 14th, 2021 08:27 Although the underlying momentum is bullish, formation of a spinning top in Nifty at highs mirrors some indecision.
Bitcoin rises 9.8% to $39,035June 14th, 2021 08:27 Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.7% from the year's low of $27,734 on Jan. 4
Regulator in talks with govt for NPS overhaulJune 14th, 2021 08:27 While implementation of some of the changes has already begun, others such as allowing investors to park their entire corpus into systematic withdrawal plans (SWPs) will require amendments to the law. Currently, NPS subscribers can withdraw up to 60% of the corpus at the time of their retirement and the remaining has to be used to purchase annuities that will fetch them income for the rest of their lives.
Covid may not have serious impact: Rajkiran Rai, Union Bank CEOJune 14th, 2021 08:27 This time the disruption is short. We started opening up in June, so April and May should not matter to business, but it depends on how long it takes to come back. If businesses take three months, it will have an impact but if we can get back to normal in June-end or July, things can recover quickly.
Ex-Amazon staffer’s husband jailed for insider trade in US, had gained $1.4 millionJune 14th, 2021 08:27 The husband of a former Amazon employee has been sentenced to 26 months in prison for insider trading of its stock. Viky Bohra, 37, pleaded guilty in November 2020, admitting that between 2016 and 2018, he used inside information he obtained from his wife, then an employee in Amazon’s finance department, to place trades in Amazon stock, making a profit of $1,428,264.
Sona Comstar IPO opens today: Should you take the ride?June 14th, 2021 08:27 The Rs 5,550-crore Sona Comstar IPO consists of fresh issue of Rs 300 crore and an offer for sale of Rs 5,250 crore. The price band is fixed at Rs 285-291/share. Read on to know what the brokerages are recommending
China cautions G7: âsmallâ groups donât rule the worldJune 14th, 2021 00:27 âThe days when global decisions were dictated by a small group of countries are long gone,â a spokesman for the Chinese embassy in London said. âWe always believe that countries, big or small, strong or weak, poor or rich, are equals, and that world affairs should be handled through consultation by all countries.â
CG Power lines up Rs 135 crore capital expenditure in current financial yearJune 13th, 2021 18:27 "The Board of Directors of the company have approved a capital expenditure programme of Rs 135 crore to be implemented in the current financial year. The capex will be spent in balancing, debottlenecking and modernising facilities at the plants to improve production and productivity", the company said.
Axis Bank's stake in Max Life likely to rise to 20% in 12-18 monthsJune 13th, 2021 15:27 "Axis Bank is to increase to 19.99 per cent in tranches. Thirteen per cent is already done over the next two quarters, we will seek approval for the balance seven per cent. So, it will reach about 20 per cent and that will be the ownership of Axis Bank," Tripathy told.
Four IPOs to hit market this week; cos eye Rs 9,123 croreJune 13th, 2021 14:27 Auto component maker Sona Comstar's Rs 5,550-crore IPO comprises fresh issue of shares amounting to Rs 300 crore and an offer-for-sale (OFS) aggregating up to Rs 5,250 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc.
Tweet Buster: How to find the best mutual fund or PMS scheme?June 13th, 2021 14:27 Dalal Street veteran Shankar Sharma says investors should not focus on the returns column while judging the performance of a PMS or mutual fund scheme. He says that the pain-to-gain ratio shows how much pain a fund manager gave you while delivering his gains.
Bitcoin and encryption: A race between criminals and the FBIJune 13th, 2021 13:27 The FBI struck back in the past week with a pair of victories: a seizure of most of the $4 million ransom in Bitcoin that Russian hackers extorted from a US pipeline operator and the announcement of a year-long sting where thousands of suspects were duped into using a messaging app secretly controlled by authorities.
Four IPOs to hit markets next week; cos eye Rs 9,123 croreJune 13th, 2021 13:27 Auto component maker Sona Comstar's Rs 5,550-crore IPO comprises fresh issue of shares amounting to Rs 300 crore and an offer-for-sale (OFS) aggregating up to Rs 5,250 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc.
Bitcoin and Encryption: A race between criminals and the FBIJune 13th, 2021 12:27 The FBI struck back in the past week with a pair of victories: a seizure of most of the $4 million ransom in Bitcoin that Russian hackers extorted from a US pipeline operator and the announcement of a year-long sting where thousands of suspects were duped into using a messaging app secretly controlled by authorities.