Gautam Adani (PTI file photo) MUMBAI: Following US securities and wire fraud allegations, Adani Ports and Special Economic Zone, led by Gautam Adani, has withdrawn from a financing arrangement with a US agency for a Sri Lankan port terminal project, opting instead to utilise its own resources. In light of the US indictment, securing loans…
MUMBAI: Instant delivery is the new way of life. After grocery and a host of other non-grocery household supplies, 10-minute delivery is fast becoming a fad in the food space. Taking competition directly to the doors of Zomato and Swiggy, Zepto is launching a separate app for quicker deliveries of food, branded as Zepto Café,…
EPFO members will have the capability to access their provident funds through ATMs. Provident Fund withdrawal from ATMs soon? Come 2025, you may be able to withdraw your provident fund directly from ATMs. The Labour Ministry is modernising its information technology infrastructure to deliver better services to the country’s substantial workforce.EPFO members will have the…
IndiGo vs Air India: Industry analysts predict that passengers will benefit significantly from this competition. (AI image) IndiGo, India’s largest carrier, plans to introduce business class seating, challenging Air India’s dominance in the premium travel segment. This represents a significant departure from IndiGo’s previous model of operating exclusively economy-configured aircraft focused on providing cost-effective travel…
The market outlook appears range-bound in the near term, say analysts. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday. While BSE Sensex was above 81,500, Nifty50 was near 24,600. At 9:19 AM, BSE Sensex was trading at 81,518.74, up 9 points or 0.011%. Nifty50…
An entity majority-owned by embattled billionaire Gautam Adani, who was indicted in US courts last month, has pulled back from a loan pact valued at $553 million from the US International Development Finance Corporation, according to a company filing.“The project will be financed through the company’s internal accruals and capital management plan. We have withdrawn…
MUMBAI: In a fresh turn of events in the Kalyani family dispute, Sugandha Hiremath – Hikal director and sister of Bharat Forge chairman Baba Kalyani – has disputed the legitimacy of her late mother’s wills, which primarily benefits her two brothers Baba Kalyani and Gaurishankar Kalyani. Their mother had made two distinct wills before her…
Mahila Samman Savings Certificate scheme is open for women and girl investors till March 31, 2025. (AI image) Mahila Samman Savings Certificate Scheme last date: The Mahila Samman Savings Certificate Scheme (MSSC), started in March 2023, is a women-focused financial initiative offering competitive interest rates. This scheme was launched with an aim to enhance financial…
Mark Mobius said, “I think the Justice Department in the US probably overstepped its bounds. It has gone too far.” Mark Mobius, Chairman of Mobius Emerging Opportunities Fund, has said that the US Department of Justice ‘overstepped its bounds’ in indicting Gautam Adani and other officials in the alleged bribery case. Mobius believes that the…
NEW DELHI: Amid slowdown in demand for new cars and steep discounts, the talk of a price hike by car companies in the new year has surprised other industry stakeholders as dealers grapple with large inventory.Announcements regarding price hikes towards the end of the year have become almost an annual ritual as companies resort to…
