BUSINESS
'Threat to security', J&K Bank dismisses chief manager
An order issued by the Bank on Saturday quoted the managing director Saturday evening said: “The undersigned is satisfied after considering the facts and circumstances of the case contained in the report received from credible agencies, that the activities of Sajad Ahmad Bazaz, Chief Manager, Code no. 4484 posted at Internal Communication and Marketing Department are such as to warrant his dismissal from service under Rule/Provision.
Govt imposes 40% duty on onion export
The announcement was made through a notification on Saturday. This notification shall come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023.
Current equity cycle to be analogous to 2003-2008 bull cycle, says report
“We expect the current equity cycle to be analogous to the 2003-2008 bull cycle when output growth rose sharply, inflation stayed stable and improvements in productivity drove a a rise in investments.
Evergrande’s bankruptcy may be the beginning of China's real estate crisis
For decades, Evergrande, once one of China's most successful real estate developers, gobbled up debt as China's economy exploded. Demand for housing was so strong, homebuilders often pre-sold apartment units to buyers before construction was complete, CNN reported.
India's digital public infrastructure offers scalable, secure, inclusive solutions for global challenges: PM Modi
Addressing the G20 Digital Economy Ministers meeting in Bengaluru virtually, the Prime Minister said that India is an incredibly diverse country.
FPIs sold stocks worth Rs 10,921 cr in Aug
The consolidated NSDL data shows the August FPI investment through 18th at Rs 8,993 crore. But this figure includes bulk deals and investment through the primary market. In the cash market FPIs sold stocks for Rs 10,921 crore and they were sellers in 10 days and buyers in only three days in August, so far, he added.
Titan hikes stake in CaratLane for Rs 4,621 cr
CaratLane is a subsidiary of Titan and on completion of the aforesaid share purchase, would result in an increase in shareholding of the company in CaratLane from 71.09 per cent to 98.28 per cent on a fully diluted basis.
Economic activity in July signals slowest growth in 18 months
It was the slowest growth in 18 months. Sequentially too, the index fell sharply to 108.9 in July from 117.9 in June. Weak trade data, mixed rural demand indicators and moderation in corporate bond issuances weighed on CEM growth.
Jeff Bezos, Lauren Sanchez pair up with A-list couple on vacation before wedding
The famous couples were also seen with American singer-songwriter Usher as they made their way around Dubrovnik, Croatia, reports Page Six.
Stock of South Indian Bank jumps 6% after RBI approves appointment of new CEO
The stock closed at Rs 22.44, up Rs 1.36 or 6.4 per cent on the BSE.
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