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Category: Business Updates

Business Updates

States undertaking power reforms can borrow Rs 1.4 lakh crore extra in FY24

July 31, 2023By businessreputationdata

In FY22 and FY23, 12 states were given permission to raise Rs 66,413 crore extra debt

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Business Updates

Japan launches antimonopoly probe into Google’s search dominance

July 30, 2023By businessreputationdata

The Japan Fair Trade Commission (JFTC) said it would investigate whether Google violated Japan’s Antimonopoly Act.

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Business Updates

Kotak Mahindra Bank gets RBI nod for acquisition of microlender Sonata Finance

July 28, 2023By businessreputationdata

“RBI has, vide its letter dated October 19, 2023 received by the Bank on October 19, 2023, conveyed its approval to the Bank, for acquiring 100 per cent of the issued and paid up capital in Sonata,” a regulatory filing by Kotak Mahindra Bank said.

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Business Updates

Pepperfry co-founder Ambareesh Murty dies due to cardiac arrest

July 28, 2023By businessreputationdata

Pepperfry co-founder Ambareesh Murty died on Monday night due to cardiac arrest, informed Ashish Shah in a tweet on Tuesday.

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Business Updates

Jio Financial Services Ltd to demerge from RIL today

July 28, 2023By businessreputationdata

Calling for better coordination between MDBs, the report said some MDBs have been leaner and faster (AIIB), others are experimenting with raising new forms of capital (AfDB and IDB), engaging with the private sector (EBRD and IFC) or better utilising their balance sheets in other ways (IBRD and ADB).

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Business Updates

Big tax fraud: How stolen identities were used to fake GST registration

July 27, 2023By businessreputationdata

As per the affidavit, there were 6,566 enforcement actions taken in the fiscal year 2021-22 (FY22), followed by 6,653 actions in 2022-23 (FY23).

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Business Updates

IRDAI plans committee to create Bima Sugam platform, to appoint project consultant

July 26, 2023By businessreputationdata

The platform will enable easy access under a single roof for insurance companies, agents, brokers, banks and even aggregators.

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Business Updates

Wage pact: Banks to shell out additional Rs 12,500 cr a year; IBA pushes for five-day week

July 26, 2023By businessreputationdata

Many countries, including the US, follow the Monday-Friday working days for banks. Currently, bank branches in India are closed on second and fourth Saturdays every month.

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Business Updates

Tata Sons chairman earns Rs 113 crore as FY23 remuneration

July 24, 2023By businessreputationdata

The income of Tata Sons is mainly from tech giant Tata Consultancy Services (TCS) which made a profit of Rs 39,106 crore in FY23. Air India, where Tata Sons, had invested a huge amount is estimated to have made a huge loss in FY23.

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Business Updates

Adani Cement refinances $3.5 billion loan

July 24, 2023By businessreputationdata

Adani Cement had in September last year acquired Ambuja and ACC for $6.6 billion deal, making it the second largest cement maker in the country.

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