Rs 500 cr investment scam: PhonePe, Easebuzz, 20 other firms under probe

2 min read Last Updated : Oct 03 2024 | 9:29 PM IST Payment aggregator platforms PhonePe and Easebuzz have been put under investigation by the Delhi Police’s cyber security cell—the Intelligence Fusion and Strategic Operations (IFSO) unit—for alleged negligence in opening merchant accounts in an investment scam worth Rs 500 crore. “Apps […]

Swiggy gets shareholder nod to use provision to upsize IPO fresh issue

2 min read Last Updated : Oct 03 2024 | 9:16 PM IST SoftBank-backed Indian food delivery company Swiggy received shareholders’ approval to use a provision that will allow it to increase the size of fresh issue in its IPO to Rs 5,000 crore ($595 million) from Rs 3,750 crore, people aware of the […]

Tata Motors Witness 9% YoY Drop In Sales In Sept’24, Wholesales 41,313 Units

Tata Motors reported a 9% year-on-year decline in overall sales for September 2024, with total passenger vehicle (PV) sales, including EVs, standing at 41,313 units compared to 45,317 units sold in September 2023. The domestic PV segment, which includes electric vehicles, saw a drop of 8%, with sales reducing to 41,063 units from last year’s […]

Banks record a higher deposit growth rate in Q2 FY25 than Q1 FY25

2 min read Last Updated : Oct 03 2024 | 9:32 PM IST Banks recorded a higher growth year-on-year (Y-o-Y) in raising deposits during the second quarter of financial year 2025 (Q2FY25) compared to Q1FY25, owing to intensified efforts to raise liabilities by offering higher rates and innovative schemes. Four out of five […]

Teacher, Wife And 2 Children Shot Dead At Their Home In UP

A family of four – a government school teacher, his wife and two children – were shot dead at their rented home in Uttar Pradesh’s Amethi on Thursday. Chief Minister Yogi Adiyanath, promising strict action against culprits, has asked his officers to be at the crime site.  The assailants barged into the home on the […]

Auto industry has to be well balanced on hybrid vs EV issue: Kia India CEO

4 min read Last Updated : Oct 03 2024 | 9:07 PM IST The automobile industry, not just in India but globally, is currently in a “very difficult” situation regarding whether to invest in electric or hybrid cars, and the industry must be “well balanced” in its approach on this matter, said Gwanggu Lee, […]

India Played Quiet But Important Role In Chagos Islands Resolution: Sources

India has played a quiet but important background role in UK’s move hand over sovereignty of  Chagos Islands to Mauritius. Sources said India had firmly and consistently supported the need to do away with the last vestiges of colonisation”.  New Delhi’s role had got a mention in the joint statement of the UK and Mauritius. […]