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Category: Business Updates

Business Updates

Zurich Insurance to acquire 51% in Kotak General for Rs 4,051 crore

December 7, 2022By businessreputationdata

The investment will be through a combination of fresh growth capital and share purchase, private sector lender Kotak Mahindra Bank said in a regulatory filing.

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Business Updates

Serum Institute CEO Adar Poonawalla buys London mansion: Report

December 5, 2022By businessreputationdata

According to ‘The Financial Times’, the Poonawalla family has agreed a deal for the 25,000 square foot Mayfair mansion near Hyde Park named Aberconway House in what is expected to be the most expensive house sale of the year for the UK capital.

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Business Updates

TCS sacks 16 employees, bars six vendors

December 3, 2022By businessreputationdata

In June this year, a media report said that some of the senior executives of TCS were accepting bribes from staffing firms to provide jobs to their candidates. TCS, on June 23, said it launched a review to examine allegations pertaining to the Resource Management function.

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Business Updates

Centre appoints Arvind Panagariya as Chairman of 16th Finance Commission

December 3, 2022By businessreputationdata

Days before Panagariya’s term as the NITI Aayog vice-chairman came to an end on August 31, 2017, the Prime Minister appreciated his contribution in shaping NITI Aayog, and described him as his “great friend”.

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Business Updates

NSE plans to extend F&O trading hours; seeks Sebi’s nod

December 2, 2022By businessreputationdata

The bourse is planning a session from 6 pm to 9 pm after a break from the closure of the regular session from 9.15 am to 3.30 pm, Sriram Krishnan, Chief Business Development Officer of NSE, told PTI.

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Business Updates

FinMin notifies Oct 1 date for implementing amended provisions for e-gaming

December 2, 2022By businessreputationdata

According to the changes to the Central GST Act, these supplies will be treated as “actionable claims” that are similar to lottery, betting and gambling and subject to 28 per cent GST on full face value of bets.

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Business Updates

Mumbai to see highest rise in prime residential property prices globally: report

December 2, 2022By businessreputationdata

Dubai completed eight quarters at the top position globally with an increase of 48.8 per cent YoY in prime residential properties values.

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Business Updates

Kotak Mahindra Bank customers can now use RuPay credit cards on UPI

December 2, 2022By businessreputationdata

With the linkage of Kotak RuPay Credit Cards on UPI, customers would not need to use their physical Credit Card, the private bank said.

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Business Updates

IRM Energy IPO to open on October 18; sets price band at Rs 480-505 per share

December 1, 2022By businessreputationdata

City gas distribution company IRM Energy Ltd on Wednesday fixed a price band of Rs 480-505 per share for its Rs 545-crore initial public offering (IPO).

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Business Updates

Moody’s feels India’s chip dreams could be headed for troubled waters as risks from climate change loom

November 29, 2022By businessreputationdata

According to Moody’s risk management solutions, by 2050, the costs of flooding are expected to rise by around 30 per cent, from water stress by 35 per cent, sea level rise by 60 per cent, and heat stress by 150 per cent by 2050 under a moderate climate change scenario.

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