[ad_1] NEW DELHI: India’s antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees, triggering a lawsuit by a group representing them, documents seen by Reuters showed. Indian regulations mandate that companies raising debt appoint a so-called “debenture trustee” to protect the interests …
[ad_1] PUNE: AirAsia on Wednesday announced the resumption of its international flights from India to Malaysia and Thailand with flights now available from April and May onwards, its officials said. Six new routes from India to Malaysia include Bengaluru to Kuala Lumpur (KL) and Chennai to Kuala Lumpur (commencing April 1), Tiruchirappalli to KL from …
[ad_1] NEW DELHI: Shares of Ruchi Soya Industries took a severe beating on the bourses on Wednesday as it plummeted nearly 19 per cent in early deals and was slowly recovering the lost ground as trading progressed during the day. The fall came a day after the company announced allotment of shares under the Rs …
[ad_1] BENGALURU: Digital payments firm Paytm said on Wednesday it would be able to breakeven for a key measure of profitability by September next year, boosting its shares, which have struggled so far due to doubts over its business model. The company’s stock, which has lost more than 70% from its IPO price of 2,150 …
Paytm aims for key profitability metric by Sept 2023 – Times of India Read More »
[ad_1] NEW DELHI: The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday said it will increase prices of its entire model range this month amid rise in input costs. Over the past year, the cost of company’s vehicles continued to be adversely impacted due to increase in various input costs, the auto major said …
Maruti Suzuki to hike vehicle prices this month – Times of India Read More »
[ad_1] BENGALURU: India’s services sector expanded at its fastest pace so far this year in March as an easing of Covid-19 restrictions boosted demand, but elevated inflationary pressures clouded business confidence, a private survey showed. The S&P Global India Services Purchasing Managers’ Index rose to 53.6 in March from 51.8 in February, beating the 52.5 …
Services activity edged up in March, input costs surged – Times of India Read More »
[ad_1] BENGALURU: Domestic indices extended losses for a second session on Wednesday led by financial stocks on worries over surging domestic inflation and the prospect of aggressive monetary tightening by the US Federal Reserve. The NSE Nifty 50 index was down 0.5% at 17,862, as of 0355 GMT, while the BSE sensex fell 0.6% to …
Domestic indices fall on inflation worries, prospect of Fed rate hikes – Times of India Read More »
[ad_1] MUMBAI: Some non-life insurance companies, which had not revised rates during the pandemic, have now sought a revision in pricing to keep up with medical inflation. The regulator allows insurers to revise prices once every three years to keep up with rising costs. However, many companies had waited for the volatility claims during the …
[ad_1] NEW DELHI : SBI Cards & Payment Services has started sending out text messages to its Fashion at Big Bazaar (FBB) co-branded credit card users that they may not be able to redeem FBB vouchers due to the “unforeseen closure of Future Group stores”. The development comes in the wake of a Rs 5,322-crore …
SBI Cards warns about Big Bazaar vouchers – Times of India Read More »
[ad_1] NEW DELHI: An Indian social content startup that launched its short video app exactly four days after the government banned China’s TikTok, has received $805 million in funding, the country’s largest venture capital round this year. A little over half the capital, $425 million, in VerSe Innovation Pvt.’s latest round, came from the Canada …
Short video app born after TikTok ban gets $805 million – Times of India Read More »
