Stay updated with breaking news from Ortfolio Allocation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Expressing concerns over a payment intermediary operated by a card network, Reserve Bank of India (RBI) has asked the card network to keep all such arrangements under abeyance till further orders. RBI has not named the card network.
Billionaire Sajjan Jindal-led JSW Steel has formed a joint venture with Japan's JFE Steel Corporation to invest Rs 5500 crore for setting up a plant to manufacture grain-oriented electrical steel in India, JSW said in a statement on Tuesday.
Four independent directors of Binny Ltd agreed to pay Rs42.57 lakh to settle the adjudication proceedings initiated by the Securities and Exchange Board of India (SEBI) for violating SEBI regulations and failing to act independently. Those who agreed to settle the matter include justice (retd) S Jagadeesan, T Manisriram, T Radhakrishnan and Dr DVR Prakash Rao.
India's inflation based on the wholesale price index eased to 0.27 per cent in January compared to 0.73 per cent in December, data released by the Commerce and Industry Ministry on Wednesday showed.
Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve might hold back its reported move to cut interest rates.