Business News

NCLAT Refuses To Stay Zee-Sony Merger; Case To Be Heard In January

The National Company Law Appellate Tribunal (NCLAT) on Friday said it will not grant a stay on the merger of Culver Max Entertainment, formerly Sony Pictures Networks India and Zee Entertainment Enterprises Ltd (ZEEL). According to PTI, IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the Mumbai bench of the […]

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About 95 Per Cent Of India’s Population Is Uninsured, Says Report

Despite the government and the insurance regulator’s efforts to expand coverage, about 95 per cent of India’s population is uninsured, National Insurance Academy in a report said on Thursday. Irdai Chairman Debasish Panda, while unveiling the report, asked the industry to follow steps that led to the massive success of the UPI, opening of bank

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IMF MD Georgieva Warns Against Macro-Financial Stability Risks Around Widespread Crypto Adoptio

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday emphasised the necessity of regulating cryptocurrencies due to their potential impact on financial stability. Speaking at a conference in Seoul focused on digital currencies, Georgieva expressed concerns about the macro-financial stability risks associated with the widespread adoption of crypto assets. As reported by Reuters, during

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Digi Yatra Facility To Be Extended To 25 More Airports By Next Year

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India Shelter Finance IPO: Issue Subscribed 36.62 Times On Last Day Of Offer

The initial public offer (IPO) of affordable housing finance company India Shelter Finance Corporation received 36.62 times subscription on the last day of offer on Friday. The initial share sale got bids for 65,59,44,390 shares against 1,79,10,449 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) received 89.70 times subscription

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Year-End Insights Into Challenges & Solutions For Empowering Workers

By Sandeep Agrawal In recent years, India has commenced a critical and paradigm-shifting period. We have recently surpassed the UK to become the fifth-largest economy and will reach $30 trillion by 2047. The acceleration towards the $1 trillion mark by the end of the decade in the digital economy has been a driving force behind

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Govt Allows Notified Private Agencies To Participate In Critical Mineral Blocks Auction

The Centre on Friday permitted notified private exploration agencies to take part in the auction of critical and deep-seated mineral blocks explored by them. According to PTI report, the development will attract bigger mining companies in the exploration arena and is likely to encourage junior mining companies from around the world to come to India

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