Business

03 Jul

Fastrack Smart ropes on Ranveer Singh as brand ambassador

Priyanka BhowmickBusiness, Entertainment, IndiaBusiness, india

Ranveer Singh, the epitome of talent and brilliance in the Indian film industry, proudly announces his association with Fastrack Smart as the brand ambassador. Known for his daring fashion choices, electric energy, and magnetic charm, Ranveer Singh embodies everything that Fastrack Smart stands for. With his larger-than-life personality, he fearlessly pushes style boundaries and sets new fashion benchmarks with every look. Fastrack has collaborated with Smart to mark a significant milestone for the dynamic and versatile performing brand, leading it to become the largest fashion-tech brand in India. Expressing his enthusiasm about this new initiative, Superstar Ranveer Singh said, “Fastrack…

03 Jul

Sebi imposes Rs 30 lakh penalty on Vedanta Ltd

Priyanka BhowmickBusiness, IndiaBusiness, india

The Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 30,00,000 on Vedanta Ltd for violating listing and disclosure norms. Vedanta will have to pay within 45 days of receiving the order, the regulator said. Sebi fines mining major for misrepresentations related to plans to enter the semiconductor business. On February 14, 2022, news began circulating that Vedanta had partnered with Foxconn to manufacture semiconductors in India. Following this, the stock exchange sought an explanation from Vedanta, to which the company replied that the said business would be managed by the holding company Vulcan Investments Limited.…

01 Jul

Apple hits $3 trillion valuation

Priyanka BhowmickBusiness, internationalBusiness

Apple Inc's market capitalization breached the $3 trillion mark again on Friday, as investors bet on the iPhone maker's ability to grow revenue even as it explores new markets such as virtual reality.Shares of Apple, the world's most valuable listed company, rose 0.9% to $191.4 in morning trading. Apple's market value briefly topped $3 trillion on January 3, 2022, before closing the session just below that mark.The latest gains in Apple shares came as the technology stock rebounded on bets that the Federal Reserve could slow its interest rate hikes as well as buzz around artificial intelligence.

01 Jul

PAN-Aadhaar linking deadline expired, check step-by-step guide

Priyanka BhowmickBusiness, IndiaBusiness, india

The last date for linking PAN with Aadhaar is Friday, June 30, as per the latest notification from the Revenue Department of the Finance Ministry. To link the two cards, users will have to pay Rs 1,000. The central government had earlier set the deadline for linking PAN and Aadhaar as March 31, 2023 However, the date was later extended to June 30 After today, if someone fails to link their two cards within the deadline, their PAN will become inactive. It is mandatory for all taxpayers to link their PAN number with Aadhaar. Capital markets regulator Sebi has also…

30 Jun

BigBasket loss widens to Rs 1,535 cr in 2022-23

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, widened its loss to Rs 1,535 crore for 2022-23, according to details shared by Toffler.Toffler said BigBasket's losses increased by 89%, which means that the company posted a loss of around Rs 812 crore in 2021-22. The company's revenue rose 5% to Rs 7,462 crore. “The company reported a net loss of Rs 1,535 crore in the same fiscal. This is an increase of 89% over the last fiscal year. The total expenditure of the company during the financial year was reported as Rs 8,998 crore,” the report said.

29 Jun

HDFC invests in Bonito Design, Relata

Priyanka BhowmickBusiness, IndiaBusiness, india

Housing Development Finance Corporation (HDFC) announced on June 22 that it has made a new investment in home interior brands Bonito Design and Cognilements Pvt Ltd, also known as Relata, which provides technology solutions to the real estate business. HDFC said it has "executed definitive agreement for the subscription of 6,068 equity shares of Bonito". This gave the company a 3.86 percent shareholding and 5.13 percent voting rights, regulatory filings said. The stake in Bonito was acquired in an all-cash deal, at a price of Rs 41,196 per equity share resulting in a total consideration of Rs 25 crore, it…

28 Jun

Just Herbs names Athiya Shetty as brand ambassador

Priyanka BhowmickBusiness, IndiaBusiness, india

Ayurvedic beauty brand Just Herbs has named actress Athiya Shetty as the face for their natural makeup line. According to the company, Shetty will now be seen supporting Just Herbs products such as their ghee-based lipstick, lip gloss, foundation and other makeup products that the brand is set to launch across platforms including digital, print and point this year. -Sales closed. Speaking about the collaboration, Arush Chopra, CEO and Co-Founder, of Just Herbs said, “Athiya is a blend of traditional elegance with a modern aesthetic that fits perfectly with our philosophy of reimagining traditional Ayurvedic formulas in a modern-day beauty…

28 Jun

RBI imposes Rs 26 lakh penalty on TransUnion CIBIL

Priyanka BhowmickBusiness, IndiaBusiness, india

The Reserve Bank of India (RBI) has imposed a financial penalty of Rs 26 lakh on TransUnion CBIL Ltd for not complying with certain provisions of the act and rules governing credit information companies. A statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2021 and an examination of inspection reports, letters of supervision and all correspondence related thereto revealed that certain data relating to credit information maintained by the company was not accurate and complete, RBI said. "After receiving complaints from some borrowers, the company did not update the…

27 Jun

Infosys strikes $450-Million Deal with Denmarks Danske Bank

Priyanka BhowmickBUSINESS, Business, IndiaBusiness, india

India's second-largest IT services firm Infosys on Monday said it has been selected by Denmark-based Danske Bank as a partner to accelerate the lender's digital transformation. The contract is worth $454 million for five years with an option to renew for up to three additional years, Infosys said in a statement. "This is supported by significant investments in digitalization and technology, including plans to further improve our customer-oriented digital solutions, and modernize our technology infrastructure to drive better customer experience and operational efficiency," said Frans Woelders, Chief Operating Officer of Danske Ban. Lenders provide banking services to individuals and businesses…

26 Jun

Elon Musk and Mark Zuckerberg agree to hold cage fight

Priyanka BhowmickBusiness, IndiaBusiness

Elon Musk said Saturday that he would start training for mixed martial arts cage fights if he provoked it with fellow billionaire media mogul Mark Zuckerberg. Twitter owner Musk tweeted Tuesday that he was in Las Vegas for a cage match with Facebook's original mater CEO Zuckerberg, who trains in jiu-jitsu. "I haven't started training yet. So if it happens, I will," Musk said in a Twitter chat with Ashley Vance, author of a book on Musk and the space race. The match "could actually happen," Musk said while attending a birthday party in Europe, adding that it could be…