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New rates after prices were slashed by the Centre will be applicable starting November 4, today.The step to cut excise d...
04/11/2021

New rates after prices were slashed by the Centre will be applicable starting November 4, today.

The step to cut excise duty on fuel prices will cost the government around Rs 1.4 lakh crore in lost revenue annually.



The rebranding of the social media platform reflects the company’s broader ambitions related to metaverse and away from ...
29/10/2021

The rebranding of the social media platform reflects the company’s broader ambitions related to metaverse and away from Facebook, an identity that is closely linked to all its products, said Co-founder and CEO Mark Zuckerberg at the company’s Connect conference on October 28.



Mumbai Update ⏩
20/10/2021

Mumbai Update ⏩



The U.S. Securities and Exchange Commission (SEC) is set to allow the first U.S. bitcoin futures ETF to begin trading as...
16/10/2021

The U.S. Securities and Exchange Commission (SEC) is set to allow the first U.S. bitcoin futures ETF to begin trading as soon as Monday, October 18, Bloomberg News reported on Thursday.

Bitcoin hit $62,000 for the first time in six months on Friday, inching closer to it’s record high of $64,895 hit in April, as hopes grew that U.S. regulators would allow a futures-based exchange-traded fund (ETF), a move likely to open the path to wider investment in digital assets.

The SEC for much of the past decade argued that volatility and fraud throughout the crypto space made ETFs and other such funds too risky to approve. Chairman Gensler, who before joining the SEC taught courses on cryptocurrencies from the Massachusetts Institute of Technology, has expressed concern that bad actors could exert significant pressure on prices or limit an asset's liquidity.

‘A few days ago, there were only two days of coal stocks were left in the state. But we have found a solution for the sh...
15/10/2021

‘A few days ago, there were only two days of coal stocks were left in the state. But we have found a solution for the shortage. There won't be a situation wherein the people have to celebrate Diwali in dark. During the peak hour of electricity supply, we will take it from the Central government's grid’, the Deputy CM was quoted speaking with ANI reporters.

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On the auspicious occasion of Dussehra, we are back to overcome and defeat the evil of biased news ✨
15/10/2021

On the auspicious occasion of Dussehra, we are back to overcome and defeat the evil of biased news ✨

February 19, 2021 marks the 391st birth anniversary of Chhatrapati Shivaji Maharaj, one of India’s most revered kings. ...
19/02/2021

February 19, 2021 marks the 391st birth anniversary of Chhatrapati Shivaji Maharaj, one of India’s most revered kings.



The franchise is planning a grand 're-launch' in a couple of days in Mumbai, ahead of the February 18 auction. It will t...
16/02/2021

The franchise is planning a grand 're-launch' in a couple of days in Mumbai, ahead of the February 18 auction. It will turn up at the auction in Chennai as Punjab Kings. 🏏

Former ICICI Bank Managing Director and CEO Chanda Kochhar had prima facie misused her official position in granting loa...
13/02/2021

Former ICICI Bank Managing Director and CEO Chanda Kochhar had prima facie misused her official position in granting loans to accused Videocon group of companies and received illegal gratification, through her husband Deepak Kochhar, the court had earlier observed while taking cognisance ED's complaint.

The ED's probe is based on a case registered CBI in January 2019 into alleged irregularities in the grant of six 'high-value' loans worth around Rs 1,575 crore to five firms of the Videocon Group between June 2009 and October 2011. The loans were granted in contravention of the rules and policy of sanctioning committee, the ED has alleged.

These loans were later termed as non-performing assets resulting in wrongful loss to ICICI bank and wrongful gain to the borrowers and accused persons, the ED says in their complaint, adding, that the total misappropriation is to the tune of Rs.1,730 crore as on April 26, 2012.

ED's investigation states that on September 9, 2009, when the first loan amount of Rs.300 crores was disbursed to Videocon, on the very next day V.N. Dhoot transferred an amount of Rs.64 crores to NuPower Renewables Pvt Ltd (NRPL) managed by Kochhar's husband, Deepak, through his company SEPL.

Kochhar started her illustrious career with ICICI in 1984 and rose to the rank of MD & CEO in 2009, only to be forced to step down in 2018 after serious allegations of fraud and corruption by the board of directors of the bank.

“I think the global investment community can really get behind the potential of building a global women’s brand that has...
12/02/2021

“I think the global investment community can really get behind the potential of building a global women’s brand that has an impact on the way we connect and how we treat each other both on and offline,” Wolfe Herd said.

Bumble has raised $2.2 billion upon it’s listing. The dating app, which is marketed by stars like Priyanka Chopra and Serena Williams, raised its IPO pricing once again to $43 per share to sell 50 million shares.

The excellent listing could heighten competition between Bumble and its dominant industry rival Match Group, which owns Tinder, OkCupid and Match.com and is already listed in the US.



Image credit : Bloomberg

The fare increase which was imminent as a consequence of the losses incurred by airlines during the Covid-19 pandemic, i...
12/02/2021

The fare increase which was imminent as a consequence of the losses incurred by airlines during the Covid-19 pandemic, is in the range of 10 per cent for a one-way fare at the minimum fare level for a flight of less than 40 minutes to about 30 per cent for a maximum fare for a flight of between 180-210 minutes. The revised fares will be charged from those passengers making bookings from Thursday.

Emphasizing that capping of airfares was an "extraordinary measure", Union Minister Hardeep Singh Puri on Wednesday said the price bands are expected to be done away with once flight services reach pre-COVID-19 levels.

Now for a flight duration of less than 40 minutes, the minimum fare will start at ₹2,200 instead of ₹2,000 earlier while the maximum which an airline can charge on such flights has been revised to ₹7,800 from ₹6,000 earlier.

The beloved comedy series will conclude after its upcoming eighth season. Entertaining fans and inspiring countless meme...
12/02/2021

The beloved comedy series will conclude after its upcoming eighth season. Entertaining fans and inspiring countless memes since 2013, the much loved show revolves around the life of Jake Peralta, a talented but immature NYPD detective in Brooklyn’s fictional 99th precinct, who often comes in conflict with his serious and stern Captain Raymond Holt played by Andre Braugher.

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