Regulator SEBI on Wednesday sought comments on the proposal to introduce the concept of ‘accredited investors’ in the Indian securities market. The comments can be sent to the regulator in a prescribed format latest by March 18, it said in a consultation paper. SEBI noted that accredited investors, also called qualified investors or professional investors, … Read more
A new report by Boston Consulting Group (BCG) says India’s consumption market is back on the growth track after a year, having been disrupted by the pandemic. While growth projection for the consumption market was made before Covid-19 struck, BCG says that the economy has completely unlocked and there has been an uptick in demand … Read more
David Dobrik’s hot new app Dispo just hit a $200 million valuation with a Series A funding round. The app, which launched its beta version earlier this month, raised $20 million. Dispo recreates the experience of disposable cameras, requiring users to wait for their photos. Visit the Business section of Insider for more stories. The … Read more
Mr. Modi also said the Centre’s policy is to either monetise or modernise public sector enterprises, with the intent that the government has “no business to be in business”. Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring … Read more
Telecom operator Bharti Airtel and US chipmaker Qualcomm on Tuesday announced collaboration for accelerating 5G in India. Airtel recently became India’s first telco to demonstrate 5G over a live commercial network in Hyderabad city, underlining the company’s technology capabilities. “Through Airtel’s network vendors and device partners, Airtel will utilize the Qualcomm 5G RAN Platforms to … Read more
No plan to merge the EPF with NPS, says Nirmala Sitharaman. Finance Minister Nirmala Sitharaman has said there is no intent to discourage higher income earners from saving with the Employees Provident Fund (EPF) and that she was open to reviewing the contribution limit of ₹2.5 lakh a year for tax-free interest, imposed in the … Read more
The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their savings account for a period of six months. The lender has also been asked not to make fresh investments or incur any liability … Read more
Commuters at several toll plazas on national highways are facing a long wait — stretching up to half-anhour at some toll plazas — due to glitches in the system after the government mandated all toll lanes as “FASTag lanes”. Although the National Highways Authority of India sought to play down the issue, sources told TOI, … Read more
The Warburg Pincus affiliate had acquired 20% equity stake in Bharti Telemedia in 2018 Bharti Airtel on Wednesday said it will acquire 20% stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about ₹3,126 crore. The Warburg Pincus affiliate had acquired 20% equity stake in Bharti Telemedia in 2018 after … Read more