Month: October 2021

Shina Ibu’s market value tops $23 bn; higher than Adani Enterprises, Tata Steel

Shiba Inu, a decntralised cryptocurrency created in August last year by an anonymous user going with the pseudonym “Ryoshi,” witnessed another all-time high, of $0.0000593, on Wednesday, as its overall market value surged to $23.4 billion. With this, its market cap is higher than that of Indian companies such as Adani Enterprises, JSW Steel, Tata …

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In closing session, Sensex drops by nearly 207 points to end at 61,143;

In closing session, Sensex drops by nearly 207 points to end at 61,143; Nifty settles at 18,210. File photo Published on Oct 27, 2021 03:44 PM IST In closing session, Sensex drops by nearly 207 points to end at 61,143; Nifty settles at 18,210.  Get our Daily News Capsule Subscribe Thank you for subscribing to …

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Nykaa IPO opens tomorrow, company seeks valuation of over $7 billion

Nykaa IPO: Existing investors like such as TPG Growth IV SF Pte, Lighthouse India Fund and others are expected to offload their shares in the initial public offering. Nykaa was founded by former investment banker Falguni Nayar in 2012. E-commerce beauty company Nykaa will open its initial public offering (IPO) to subscribers on Thursday. FSN …

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Govt serves 202 notices to online sellers for country of origin norm violation

The central government on Tuesday said that it has issued as many as 217 notices to e-commerce companies in the last one year for not following proper norms while selling goods online. These notices have been sent for violations like incorrect declaration of country of origin, wrong mention of date of expiry, charging more than …

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Indian spot gold rate and silver price on Wednesday, Oct 27, 2021

An increase of 0.02% in Gold Price in India was seen since yesterday, taking the value to ₹47770 from ₹47760. Today Gold Rate was also higher than the previous week average of ₹47608.6 by 0.34%. The Indian Gold Price Today is ₹47770 which grew by 0.02%; the rate was lower than the global Gold Price …

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Govt to set up a non-profit company to facilitate equitable e-commerce growth

NEW DELHI: Blue chip firms such as State Bank of India (SBI), Punjab National Bank (PNB), and leading bourses — BSE and NSE — are keen to promote an indigenously-developed and not-for-profit online network to check the dominance of e-commerce giants such as Amazon and Flipkart, officials aware of the plan have said. Senior executives …

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Income Tax department raids Punjab-based business groups

Unaccounted income amounting to ₹150 crore and ₹40 crore, respectively, was detected, a statement from the Ministry of Finance read. The Ministry of Finance said on Tuesday that the Income Tax department carried out search and seizure operations against two Punjab-based business groups, adding that the action resulted in the detection of unaccounted income amounting …

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Banks sanctioned ₹11,168 cr under credit outreach initiative: Sitharaman

Under this programme, banks have been holding special camps across various parts of the country to sanction loans to eligible borrowers as per the prudential norms. Banks have sanctioned loans worth ₹11,168 crore to about 2 lakh borrowers under the credit outreach programme, Finance Minister Nirmala Sitharaman said on Tuesday. Under this programme, banks have …

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HC restrains Invesco from requisitioning EGM to remove Zee CEO

Written by Shankhyaneel Sarkar | Edited by Sohini Goswami, Hindustan Times, New Delhi The Bombay High Court on Tuesday granted an interim injunction against Invesco, Zee Entertainment Enterprise Ltd’s (ZEEL) largest shareholder. The court restrained Invesco from going ahead with the requisition of an extraordinary general meeting (EGM) to remove ZEEL MD and CEO Punit …

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