NEW DELHI: Offering a lifeline to struggling debt-laden Vodafone Idea, govt has capped annual payouts to clear past dues at Rs 124 crore over the next six years, easing near-term cash flows, the company said on Friday.Between March 2032 and March 2035, the yearly outgo will be trimmed to Rs 100 crore, Vodafone Idea said…
BENGALURU: Masayoshi Son-led SoftBank Group pared its holding in Ola Electric Mobility to 13.5% from 15.6%, in what appears like a staggered exit from the electric 2-wheeler maker that was once among its marquee India bets. SVF II Ostrich (DE), a SoftBank affiliate and Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold 9.4 crore…
MUMBAI: RBI governor Sanjay Malhotra said that the regulator plans to increase offsite surveillance of banks in real-time. Historically, RBI has been conducting onsite supervision of the records of banks largely through annual financial inspections and targeted inspections under a risk-based supervision framework focusing on core areas like capital adequacy, asset quality, management, earnings liquidity…
MUMBAI: Even as startups are increasingly rushing to Dalal Street, buoyed by a booming primary market, many of the large, listed companies are trading below their IPO offer price, raising concerns over the long-term value they can generate for investors.Stock prices of close to 10 startups including Swiggy, FirstCry, Paytm, Ola Electric and Delhivery are…
BENGALURU: Corporate forensic teams and background verification firms are flagging cases of location spoofing, particularly among hybrid employees and gig workers. In several instances, employees have been pulled up after allegedly misrepresenting their actual work location, with such discrepancies surfacing during random audits, compliance checks, or client reviews.Investigations found that some used travel routers or…
KOLKATA: Aftershocks of the showdown between Enforcement Directorate (ED) and Bengal CM Mamata Banerjee over raids on Trinamool-linked political consultancy I-PAC jolted Calcutta high court Friday, prompting Justice Suvra Ghosh to postpone hearing petitions filed by either side till Jan 14 on grounds of “enormous disturbance and commotion” in the courtroom. The judge, seemingly annoyed…
The current tight consolidation closely mirrors the April 2025 range that set the stage for the record run above $126,000. Source link
LUCKNOW: Lucknow police on Friday arrested the resident doctor of King George’s Medical University (KGMU) accused of repeatedly raping a junior colleague on the false promise of marriage, forcing her to undergo an abortion, and coercing her into religious conversion. Rameezuddin alias Rameez (31) was nabbed near the city station by a joint team comprising…
KOLKATA: A day after a tense standoff with an ED team during its raid at I-PAC office in Kolkata on Thursday, West Bengal CM Mamata Banerjee lodged on Friday two FIRs against “unidentified” ED officials for “theft, criminal trespass, criminal intimidation and tampering with electronic data” and led a 6km-long protest march in Kolkata, ending…
The initiative mirrors deposit balances on a private blockchain to speed up settlement and unlock liquidity. Source link
