Business

A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not framed for being a "mere recovery legislation for creditors".

The official said there are risks associated with cryptocurrencies as there are the same set of entities who act as depository and clearing systems, unlike that in the stock market.

The frictionless credit initiative being piloted by the Reserve Bank is helping lenders slash their customer acquisition cost by a whopping 70 per cent

Boeing has said that significant skilling of people to meet demand, rationalisation of fuel taxes and continued infrastructure investments will keep the growth going

Reserve Bank is likely to launch the pilot of Central Bank Digital Currency for transactions for interbank borrowing or call money market by October

The US dollar is on track for its eighth consecutive week of gains against a basket of major currencies, marking its strongest performance since the winter of 2014-2015. According to CNN, it has surged by 5% since mid-July.

Nifty has been gaining strength and is inching closer towards its life high of 19,992, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

FPIs have turned net sellers to pull out Rs 4,200 crore from equities in September, so far, on rising US bond yields

Biofuel alliance can generate opportunities worth USD 500 billion in the next three years for G20 countries, according to Indian Biogas Association

US and India have agreed to resolve their last outstanding dispute at the WTO on Indian measures concerning the importation of poultry and poultry products, said Katherine Tai

Apple experienced a 68% year-on-year growth in iPhone shipments during the first half of this year in the country.

Income tax officials can seek details about ITRs filed by startup investors to ascertain if the amount invested is commensurate with the income shown in their personal ITRs

The legislation was introduced on Friday by Congressmen Gregory Meeks, Ranking Member of the House Foreign Affairs Committee, and Andy Barr, vice chair of the House India Caucus

The bank has received approval from the Reserve Bank of India for making iProcess its wholly-owned subsidiary, subject to certain conditions, ICICI Bank said in a regulatory filing.

The Japanese company is looking to use the facility for exports and will primarily target the Middle East and African markets, they told reporters here.

It is the first public sector bank to launch UPI ATMs, in coordination with the National Payments Corporation of India (NPCI) and powered by NCR Corporation, BoB said in a statement.

"The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)... works out to Rs 5,923 per gram of gold," it said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche).

Volvo Car India has showcased its Electric Car–C40 Recharge in Hyderabad with their business partner, Krishna Exclusive.

Automotive battery major Exide Industries Ltd said it has invested just over Rs 100 crore in its wholly-owned battery cell making subsidiary EESL.

As much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.

In a positive outlook for the Indian stock markets, Morgan Stanley recently stated its expectation of key indices rising by 10 per cent by the time of the next general elections in the summer of 2024, further fueling optimism among investors.

Reserve Bank has given its nod for appointment of Dipak Gupta as interim Managing Director and CEO of Kotak Mahindra Bank following the resignation of Uday Kotak

The BSE Sensex climbed 174.96 points to 66,440.52 in early trade. The Nifty advanced 49.55 points to 19,776.60.

At the interbank foreign exchange, the domestic unit opened at 83.13, registering a rise of 10 paise over its last close.