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Tuesday, Sep 21, 2021
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Sebi Drops Adjudication Proceedings Against RIL In Alleged Incorrect Financial Disclosures Matter

Sebi Drops Adjudication Proceedings Against RIL In Alleged Incorrect Financial Disclosures Matter

21 September, 2021 Outlook Business Team

RIL had issued 12 crore warrants to its promoters on April 12, 2007, which were convertible within 18 months with an exercise price of Rs 1,402 per warrant.

Nestle India Hikes Prices By 1-3% Across Product Portfolios

Nestle India Hikes Prices By 1-3% Across Product Portfolios

21 September, 2021 Outlook Business Team

Nestle India MD Suresh Narayanan said because of the global context of raw materials and also the large economies are opening up strongly, there would be pressures on raw materials going forward.


Business News Roundup: September 20, 2021

In this section, we recapitulate all the action from the world of business, finance and national economics from today

RBI To Conduct Sale And Purchase Of G-Secs On 23rd September

RBI To Conduct Sale And Purchase Of G-Secs On 23rd September

20 September, 2021 Outlook Business Team

The Reserve Bank of India in a press statement stated the results of the auctions would be announced the same day


GST Compensation Conundrum: Opposition-Ruled States, Centre Face-Off Continues

Compensation cess is the amount paid to states in order to make up for the loss of revenue due to GST implementation for five years from 2017 onwards

20 September, 2021

CCI Approves Adani Ports And Special Economic Zone's 10% Stake-Buy In Gangavaram Port

Outlook Business Team

Gangavaram Port is engaged to own, develop and operate the deep-water port at Gangavaram, Andhra Pradesh, pursuant to a concession agreement on Build-Own-Operate-Transfer basis with state government.


20 September, 2021

Job Market Opens Up? EPFO Shows 31% Rise In Subscribers in July

Outlook Business Team

EPFO figures offer a perspective into employment in the formal sector of the economy.


20 September, 2021

Rupee Slumps 26 Paise To Close At 73.74 Against US Dollar

Outlook Business Team

Most of the emerging market and Asian currencies were feeble on Monday. There were worries over Chinese real-estate developer Evergrande struggling to meet interest payments on its debt


20 September, 2021

Mylab Discovery Acquires Health Tech Start-Up Sanskitech

Outlook Business Team

The financial details of the all-cash deal were not disclosed


20 September, 2021

BLS Files Criminal Complaint About "Unsolicited Messages" Targeting Company

Outlook Business Team

In a filing to the Bombay Stock Exchange, the e-services provider was neither aware of such messages nor does it have any role in unethical behaviour of circulation of such messages by unknown person/entities


20 September, 2021

FloBiz Secures $31 Million In Series B Funding From Sequoia Capital India, Others

Aditya Rangroo

FloBiz CEO Rahul Raj said the fresh funding will be used for business expansion, product development, and beefing up the distribution capacity to meet more business requirements.


20 September, 2021

We Have Zero Tolerance For Corruption: Amazon's Response On Bribery Allegations By Whistleblower

Saptaparno Ghosh

The e-commerce retailer was responding to a report in 'The Morning Context' alleging a certain amount paid by Amazon in legal fees have been used to pay bribes by one or more of its legal representatives


20 September, 2021

HDFC Partners With PayTM For Reviving Credit Card Business

Outlook Business Team

RBI had instituted an eight-month ban on HDFC from issuing new credit cards in December 2020, the move is aimed at reviving the lost ground due to the ban


20 September, 2021

India Likely To Become 3rd Largest Importer By 2050: UK Report

Aditya Rangroo

In recent years, there has been a shift in the economic power centre that is moving towards eastwards due to the fast-paced growth in the Indo-Pacific region.


20 September, 2021

Dabur Extends Vatika Into Facewash Category

Outlook Business Team

The facewash which is available in three variants was launched exclusively on the e-commerce platform Flipkart


20 September, 2021

Kotak Mahindra Bank Acquires 9.9% Stake In KFin Technologies

Aditya Rangroo

Kotak Mahindra Bank's investment is in line with its stated strategy of making minority investments in businesses which are professionally managed and have deep client entrenchment.


20 September, 2021

Cars24 Bags $450 Million Funding From SoftBank, DST Global, Others

Aditya Rangroo

The funding round, which takes the valuation of Cars24 to $1.84 billion, was led by DST Global, Falcon Edge, SoftBank Vision Fund 2 and others.


20 September, 2021

Will Evergrande Woes Bring The Great Fall Of China?

Rajiv Ranjan Singh

Evergrande is the largest property company in China and owns more than 1,300 projects in 280 cities holding approximately 2% of the Chinese real estate market.


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