The Times Of India Business
NSDL clarifies on three accounts of FPIs in Adani group firms
The National Securities Depository Ltd (NSDL) has clarified that only the GDR accounts of Abula Investments, APMS Investment and Cresta Fund -- three foreign portfolio investors having stakes in Adani group companies -- have been frozen.
RBI allows non-bank PSPs to participate in centralised payment systems
The Reserve Bank of India (RBI) on Wednesday allowed authorised non-bank payment system providers (PSPs) to participate in centralised payment systems (CPS), such as real-time gross settlement (RTGS) and national electronic fund transfer (NEFT), as direct members.
'Govt striving to complete privatisation of CPSEs listed out in Budget'
The government is striving to complete privatisation of Central Public Sector Enterprises(CPSEs) listed out in the Budget, including Air India, BPCL, and BEML, in the current fiscal ending March 2022, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.
I-T portal issues to be resolved soon: Finance minister Sitharaman
With glitches still haunting the new income tax portal, finance minister Nirmala Sitharaman on Wednesday said she wished the Infosys-developed website did not have such a launch but hoped issues will be sorted out soon. Sitharaman said Infosys had done trial runs before the June 7 launch but users faced technical issues in accessing the portal.
RBI imposes Rs 5-crore penalty on Axis Bank
The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the RBI, including on cybersecurity framework. The penalty has been imposed for "contravention of/non-compliance" with certain provisions of directions issued by the RBI.
Delhi high court expresses displeasure over non-compliance of IT rules by Twitter
The Delhi high court Wednesday expressed displeasure over Twitter Inc appointing a “contingent worker” as Chief Compliance Officer (CCO) and said the microblogging platform was non-compliant with the new Information Technology (IT) rules.
In spats with Twitter, government begins messaging shift to rival Koo
Twitter Inc is fast losing its sheen as a favoured communications tool for many Indian government departments and ministers keen to promote home-grown rival Koo while the US firm comes under fire for non-compliance with India's laws.
Stimulus not enough, need to push demand: Parliamentary panel
Describing the stimulus packages announced by the government as “inadequate”, a parliamentary panel has suggested that the government should put in place measures to generate demand and help improve the “grim situation” of small enterprises due to the pandemic.
Airtel discontinues Rs 49 prepaid recharge, raises entry-level pricing
With a focus on improving realisation, Airtel on Wednesday announced revisions to its prepaid plans, raising its entry-level pricing by nearly 60 per cent. The telecom operator said it has discontinued its Rs 49 entry level prepaid recharge.
Four funds with $7 billion in Adani have history of wrong bets
Four Mauritius-based funds that have attracted attention for parking almost all their money in companies controlled by Indian billionaire Gautam Adani have a history of investing in firms which ended up defaulting or were investigated for wrongdoing.
Google parent Alphabet profit soars as ads surge
Google parent Alphabet on Tuesday reported quarterly profit that had nearly tripled, as money poured in from ads on its search engine and YouTube video platform. Google is on track to generate $130 billion in overall ad revenue this year, an increase of some 25% from a year earlier.
Apple profit nearly doubles as Covid lockdowns eased
The California tech giant's profit rose to $21.7 billion on growth in iPhone sales and its increasingly important digital services. Revenue surged 36 percent from a year ago to $81.4 billion, the best ever for the tech titan's fiscal third quarter.
Walmart to pay college, book costs for full, part-time staff
Walmart Inc on Tuesday said it will pay the full cost of college tuition and books for its roughly 1.5 million full and part-time employees, effective August 16. The largest private US employer said it will drop the current $1 a day fee paid by associates at Walmart and its subsidiary Sam's Club.