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Moody's upgrades Yes Bank's rating to Ba3 from B2, changes outlook to stable

Moody's upgrades Yes Bank's rating to Ba3 from B2, changes outlook to stable

Moody's Investors Services has upgraded Yes Bank's long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings to Ba3 from B2, a release said. The bank's Baseline Credit Assessment (BCA)...

Reliance Industries ranked 104 in Fortune's Global 500 list

Reliance Industries ranked 104 in Fortune's Global 500 list

Reliance Industries maintained its highest ranking among Indian private sector companies in the latest Global 500 list published by Fortune for 2022. Reliance Industries improved its rank by 51 places to 104 from its previous year's rank of...

IRDAI wants insurers to pass on cost reduction to policyholders

IRDAI wants insurers to pass on cost reduction to policyholders

Proposing a 30 per cent cap on the expenses of management for Indian general insurance companies, sector regulator IRDAI also wants them to have a policy detailing cost control measures which can be transferred to policyholders by way of reduced...

Zomato plans fresh management structure, with multiple CEOs: Report

Zomato plans fresh management structure, with multiple CEOs: Report

Zomato, the Indian food delivery company backed by China's Ant Group, is considering reorganising its management so that each of its individual businesses would have its own CEO, while the parent company would be renamed "Eternal",...

Indo-Thai bilateral trade reached $15 Bn in FY22

Indo-Thai bilateral trade reached $15 Bn in FY22

The bilateral trade between India and Thailand reached an all time high of around USD 15 billion in 2021-22 as the domestic market remains attractive for Thai investors, said Union Minister of State for External Affairs Rajkumar Ranjan Singh....

Adani Group plans IPO for NBFC unit

Adani Group plans IPO for NBFC unit

After FMCG subsidiary Adani Wilmar, Asia's richest man, Gautam Adani is now planning to launch an initial public offering (IPO) of its non-bank lender Adani Capital. The NBFC is planning to raise approximately Rs 1,500 crore ($188 million)...

India RBI Suggests Voluntary Green Finance Targets for Banks

India RBI Suggests Voluntary Green Finance Targets for Banks

India’s central bank has suggested financial institutions scale up green lending and voluntarily set up green finance targets to mitigate risks arising out of climate change. There should be “an incremental target for green finance...

Bitcoin, ether gain marginally while Solana, Cardano slip

Bitcoin, ether gain marginally while Solana, Cardano slip

Bitcoin price today rose marginally after dipping to a more than one-week low, buffeted by investor skittishness ahead of a looming Federal Reserve interest-rate hike and amid harsher regulatory scrutiny of the cryptocurrency sector. The...

RIL, CP Group, Lightspeed in row for Metro's India business

RIL, CP Group, Lightspeed in row for Metro's India business

Reliance Industries, Thailand's largest conglomerate CP Group, and Lightspeed Venture Partners - the majority shareholder of online wholesale platform Udaan - have emerged as the three final bidders for Metro Cash and Carry's India...

Multi bagger Dhruva Capital gains 205% in a month

Multi bagger Dhruva Capital gains 205% in a month

Dhruva Capital stock has given 205 per cent returns in the last month. The stock which was trading at Rs 7.54 on June 22 jumped by 205 per cent in a month to close at Rs 22.96 on July 22. At least 23 penny stocks have given returns up to...

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