Indian stock markets opened September on a high note with significant foreign investments, only to see FPIs sell Rs 904.19 crore of equities due to SEBI’s disclosure deadline. Despite short-term…
Category: Fashion
AU Small Finance partners with United India Insurance for distribution of insurance products
AU Small Finance Bank has partnered with United India Insurance Company to provide general insurance solutions such as motor, personal accident, crop, property, shopkeeper, and cyber incident insurance to its…
Qualcomm has explored acquiring pieces of Intel chip design business, sources say
Qualcomm is looking into acquiring segments of Intel’s design business to diversify its product range. The focus is on Intel’s client PC design unit, although no official talks have taken…
Tata Power awards contracts worth Rs 11,481 crore to local suppliers
Over the past three years, Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers. These agreements are split between materials and services categories…
India overtakes China in Morgan Stanley IMI, could lead to $4.5 billion equities inflows
India has overtaken China in the MSCI Emerging Markets Investable Market Index, with a weightage of 22.27 per cent compared to China’s 21.58 per cent. This change is expected to…
3 housing firms penalized for non-compliance of RBI directions
The Reserve Bank of India has imposed fines on three housing firms for non-compliance with financial regulations. Godrej Housing, Aadhar Housing Finance Ltd, and Housing and Urban Development Corporation Limited…
Byju’s auditor BDO Global steps down amid insolvency proceedings
Byju’s stated that its auditor, BDO Global, stepped down due to unfulfilled document requests during insolvency proceedings. The edtech firm noted that BDO’s request was incorrectly sent to a suspended…
Nvidia, Microsoft hit with patent lawsuit over AI computing technology
Texas-based Xockets has sued Nvidia and Microsoft for allegedly using its data processor technology without permission to develop AI products. Filed in Waco, Texas, the lawsuit also accuses the companies…
ADB to allocate half of its lending to climate finance by 2030
The Asian Development Bank has set a target to allocate half of its annual lending to climate finance by 2030, increasing from the current 35%. The goal is a $100…
US stock market faces worst week since March 2023 following weak jobs data report
US stock markets faced a significant downturn on Friday, driven by declines in tech stocks such as Broadcom and Nvidia. The S&P 500 dropped by 1.7%, and the Nasdaq fell…