Page 260 - Bs Reporter/workspace/business Standard Web/undefined

Govt-appointed experts to probe e-scooter fire incidents in Vellore, Pune

The investigators will try to find out if there is a manufacturing defect that affected their operation

SAT sets aside Rs 1-cr penalty imposed on Brickwork Ratings by Sebi

The tribunal reduced the penalty to Rs 10 lakh and held certain findings in Sebi's order cannot be sustained.

DMI Finance acquires wallet service provider Oxymoney's parent firm

Oxymoney plans rolling out pre-paid cards and expand its distribution network.

Transport tech firm Chalo acquires Vogo to improve bus ridership

Financial details of the deal of Chalo and Vogo, aimed to improve city mobility, were not disclosed.

Unicorn Ventures India leads seed round in food tech startup FairPlum

Fairplum works with the heritage food brands of India, taking dishes from their kitchens and making it available to consumers

Strategy needed for 300 mt steel output target by 2030: Minister

The production was 120 mt in 2021-22. There is also a need for suitable policy support to increase the production of iron ore production and other raw materials.

Infosys denies having business relationships with local Russian enterprises

The company has committed $1 million towards relief efforts for war victims from Ukraine

QSR chain Lassi N Shakes enters Uttar Pradesh, eyes 1,000 outlets by 2025

Launched in May 2019, the restaurant chain has opened its 145th outlet, currently situated in 10 different states

Outage hits ICICI Bank mobile, net banking; customers take to social media

Glitch in server caused disruption; Services restored after 2-3 hours

RBI directs banks and non-banks to geotag payment touch points

Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers

CCI clubs newspaper body's complaints against Google with earlier order

According to INS, news media houses are completely kept in the dark on the total advertising revenue collected by Google

Sebi to reduce timelines for completion of buybacks, open offers

Also proposes shortening the share tendering process by five days in the case of both buybacks and open offers

SBI MF adds 3 million SIP accounts at 40% YoY growth rate in FY22

Asset manager clocks strong performance this fiscal, ahead of its IPO

Russia-Ukraine war: RBI board discusses geopolitical impact on economy

Sources say Indian banks have small exposure to the two warring countries; but oil price surge above $100/bbl mark could impact India's current account deficit and inflation

Investor Ravi Chachra launches $75-mn venture debt marketplace for startups

Part of Y-Combinator's winter 2022 batch, 8vdx has already disbursed $2.8 mn to 16 startups, including two from India

Ruchi Soya FPO subscribed 33% on Day 2 on institutional interest

Investment bankers expect most of the bids to come on Monday, the final day of the issue

Ransomware payments hit record in 2021, India ranks 2nd in JAPAC region

India witnessed a 218 per cent rise in ransomware attacks in 2021

University of California picks up 0.57% stake in Kotak Mahindra Bank

The stake was purchased at Rs 1,699 per share from Canada Pension Plan Investment Board (CPPIB), data released by BSE showed

Sebi levies Rs 5 lakh penalty on Axis Bank

During this period, Axis Bank acted as a merchant bank for 22 debt issues launched by various companies.

Banks should account for govt transactions for FY22 in same year: RBI

Transactions through national electronic funds transfer (NEFT) and real time gross settlement (RTGS) system will continue upto 2400 hours on March 31, 2022, RBI said