Business
Passenger vehicle dispatches rise 11% in July as chip situation improves
The passenger vehicle dispatches to dealers increased by 11 per cent in July as improvement in semiconductor supplies helped the companies to ramp up production ahead of the festive season, auto dealers' body SIAM said on Friday.
Palm oil imports fall in July as soyoil jumps to record high
India's palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi's move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday.
Paytm slips 6% on questions over CEO reappointment, regulatory fears
Shares of digital payments firm Paytm fell 6.2% on Friday, hit by a proxy advisory firm's opposition to reappointment of its chief executive officer and the central bank's guidelines for digital lending apps.
Explained: What does the WazirX controversy mean for crypto investors?
India’s largest cryptocurrency platform has been in the news all of this week after the Enforcement Directorete revealed that it conducted searches on one of the directors of Zanmai Labs, which owns WazirX, and issued an order to freeze bank balances totalling Rs 64.67 crore. WazirX is being investigated for money laundering.
