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Business Updates

Sensex declines 143 pts on unabated foreign fund outflows, weak global trends

May 18, 2023By businessreputationdata

In Asian markets, Seoul, Tokyo and Shanghai settled in the positive territory while Hong Kong ended lower.

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Business Updates

Govt orders inspection of edtech major BYJU’s amid financial, corp governance concerns

May 17, 2023By businessreputationdata

Kurlon Enterprises Ltd was established in 1962 as Karnataka Coir Products, part of the South India-based Pai family business group, and is currently headed by Jyothi Pradhan

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Business Updates

Gift Nifty sets record single day turnover of $15.25 billion

May 17, 2023By businessreputationdata

Gift Nifty index recorded an all-time high single day trading activity of 38.63 lakh contracts with a turnover of USD 15.25 billion (about Rs 1.27 lakh crore) on Tuesday.

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Business Updates

Domestic companies raised Rs 9.8 lakh cr from mkts in FY23: SEBI

May 16, 2023By businessreputationdata

Of the total resources mobilized, equity and debt segments accounted for Rs 9.2 lakh crore of capital formation, SEBI said in its annual report for 2022-23, released on Monday.

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Companies Info

Funding Circle

May 15, 2023By businessreputationdata

Funding Circle USA is an online loan marketplace that connects small businesses looking for up to $500K with investors.

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Business Updates

On RBI anvil: UPI to benchmark framework

May 14, 2023By businessreputationdata

RBI has proposed to launch “conversational payments” on UPI so that users can engage in conversation with an AI-powered system to initiate and complete transactions. The facility will initially be available in Hindi and English.

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Business Updates

20% TCS on remittances: Banks ready to collect the levy from Sunday

May 14, 2023By businessreputationdata

Tax will not be levied on credit card spending abroad

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Business Updates

Govt bans use of sugarcane juice/sugar syrup for ethanol making in 2023-24 supply year

May 14, 2023By businessreputationdata

The decision by the ministry comes in the backdrop of estimated fall in sugar production in 2023-24 marketing year (October-September).

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Business Updates

Meatballs in IKEA store, popcorn at PVR: Why businesses are betting on food

May 13, 2023By businessreputationdata

IKEA is not alone in generating a healthy F&B revenue stream, which is now an appetising non-core diversification for companies across various non-food sectors, including airlines, cinemas and theme park operators.

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Companies Info

KPMG

May 13, 2023By businessreputationdata

KPMG is a global network of professional firms providing Audit, Tax and Advisory services.

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