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Depositors of PMC, 20 other stressed banks to get up to ₹5L in 90 days

Depositors of stressed Punjab and Maharashtra Co-operative (PMC) Bank, and 20 other cooperative banks will soon be able to get their money with a limit up to ₹5 lakh, as Deposit Insurance and Credit Guarantee Corporation (DICGC) has initiated the process to pay their ensured sum within 90 days. “Necessary instructions have been issued to …

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Zee Entertainment shares zoom 25% after merger announcement with Sony India

According to the deal that’s struck between Zee Entertainment and Sony Pictures, the latter will hold a majority stake of 52.93 per cent in the merged entity. ZEEL will be left with 47.07 per cent of the stake. By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi PUBLISHED ON SEP 22, 2021 12:32 …

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Indian spot gold rate and silver price on Wednesday, Sep 22, 2021

Today Gold Rate ( ₹46340) is lower than this week’s average of ₹46392.9 by 0.11%. The Gold Price was also higher than yesterday’s value of ₹46330. Although the Gold Price Today in both global ($1816.7) as well as Indian market ( ₹46340) experienced a growth, the Gold Price in Indian market grew by a lesser …

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McDonalds vows to reduce plastic in Happy Meal toys

By 2025, the fast-food chain aims to “drastically” cut plastic in Happy Meal toys worldwide. More-sustainable toys could be made from cardboard and recycled materials, the company says. US-based fast-food giant McDonald’s announced plans on Tuesday to reduce plastic in its famous Happy Meal toys. McDonald’s said it was considering alternatives, such as three-dimensional cardboard …

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Cryptocurrency news: Bitcoin falls below $40,000, all about Ether

The concerns around cryptocurrency saw Bitcoin on Wednesday dropping briefly below $40,000 for the first time since August in volatile trading. This is the third consecutive day of fall for the virtual currency. Rivals including Ether and Litecoin also slumped. “Bitcoin needs to retake the 200-day moving average at $46,000 and consolidate before a collective …

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Zee Entertainment announces merger with Sony India

After the merger, Sony will invest $1.57 billion and will be the majority shareholder with 52.93% controlling stake. The shareholders of Zee Entertainment Enterprises Limited, meanwhile, will hold 47.07 per cent stake. By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi PUBLISHED ON SEP 22, 2021 08:20 AM IST Zee Entertainment Enterprises Limited …

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Govt lens on Amazon for ‘unusual’ legal fee spends

The Union government has received preliminary details of “abnormally” high legal expenditures by e-commerce giant Amazon India in two financial years (2018-19 and 2019-20), which amounts to ₹8,546 crore, two people aware of the development said, and added that the spends were being investigated. The company, however, said expenses categorised as legal, include fees for …

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Aadhaar based e-KYC, OTP-based conversion in new telecom reforms. Check details

The reforms have been brought in to digitise KYC processes and make subscriber acquisition completely online. Days after the Union Cabinet announced reforms in the telecom sector impacting both companies and users, the department of telecommunications issued a series of orders to implement “contactless, customer-centric and secured KYC processes.” A mobile subscriber has to undergo …

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Sensex rises 514 points to close at 59,005; Nifty advances 165 points to settle at 17,562

Sensex rises 514 points to close at 59,005; Nifty advances 165 points to settle at 17,562. PUBLISHED ON SEP 21, 2021 03:41 PM IST Sensex rises 514 points to close at 59,005; Nifty advances 165 points to settle at 17,562. Get our Daily News Capsule Subscribe Thank you for subscribing to our Daily News Capsule …

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