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Business Updates

Binance’s Changpeng Zhao pleads guilty, steps down to settle US illicit finance probe

March 21, 2020By businessreputationdata

Binance broke US anti-money laundering and sanctions laws and failed to report more than 100,000 suspicious transactions with organizations the US described as terrorist groups including Hamas, al Qaeda and the Islamic State of Iraq and Syria, authorities said.

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Business Updates

Govt hikes interest rate to 6.7 pc on five-year recurring deposit, retains rate on other small savings schemes

March 20, 2020By businessreputationdata

The interest rate on both the two-year and three-year term deposits is 7 per cent while on the five-year term deposit, the rate is 7.5 per cent.

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Business Updates

IndiGo becomes first Indian airline to touch 100 million passengers in a year

March 20, 2020By businessreputationdata

In a statement, IndiGo said that it became the first Indian airline to operate more than 2,000 flights a day in 2023.

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Business Updates

46th Reliance Annual General Meeting to be held today: When, where to watch

March 20, 2020By businessreputationdata

As mentioned on the website, one can join the AGM 30 minutes prior to the scheduled time of the AGM, which is 2 pm IST.

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Business Updates

Investors have opportunity to partner with India to be part of India-Middle East-Europe Economic Corridor: PM Modi

March 19, 2020By businessreputationdata

Prime Minister Narendra Modi on Tuesday said investors have an opportunity to partner with the country, and be a part of the India-Middle East-Europe Economic Corridor (IMEEC).

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Business Updates

Housing sales in Mumbai likely to cross Rs 1 lakh cr this year; may breach Rs 2 lakh cr in 2030: Report

March 18, 2020By businessreputationdata

“The market has witnessed a strong recovery in sales with 2022 surpassing 2018 both in terms of sales value and sales volume,” the report said.

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Business Updates

Adani family’s partners used ‘opaque’ funds to invest in its stocks : Report

March 15, 2020By businessreputationdata

Citing review of files from multiple tax havens and internal Adani Group emails, nonprofit media organization OCCRP said its investigation found at least two cases where the investors bought and sold Adani stock through such offshore structures.

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Business Updates

‘Permanent solution for public stockholding top priority for India’

March 13, 2020By businessreputationdata

Some WTO members including the US and Europe have been trying to shift the narrative of food security from public stockholding (PSH) to value-chain, market access and export restrictions.

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Business Updates

Home loans 101: Benefits for women borrowers

March 10, 2020By businessreputationdata

As an incentive to encourage home ownership among women, many banks and NBFCs offer concessional interest rates to not only women borrowers but also on loans where the woman is a co-applicant as well as the co-owner of the property.

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Business Updates

Vedanta promoter to sell stake worth $500 mn for debt repayment

March 9, 2020By businessreputationdata

Foxconn announced withdrawal from its joint venture with Vedanta to set up a $19.5-billion fab plant to manufacture 28 nm and 40 nm chips at Dholera, Gujarat.

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