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Sebi puts in place procedure for change incontrol of AMCs

Sebi said the new sponsor will have to give an undertaking to the regulator as well as unitholders taking full responsibility of the management and the administration of the schemes, including matters relating to the reconciliation of accounts.
Moneycontrol Business News

Sebi puts in place procedure for change incontrol of AMCs

Sebi said the new sponsor will have to give an undertaking to the regulator as well as unitholders taking full responsibility of the management and the administration of the schemes, including matters relating to the reconciliation of accounts.

Oil prices up nearly 5% on possible extension of Saudi Arabia output cuts

Brent crude futures were up $3.04, or 4.7%, at $67.11 a barrel by 10:57 a.m. ET (1557 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.84 or 4.6% at $64.12.
Moneycontrol Business News

Oil prices up nearly 5% on possible extension of Saudi Arabia output cuts

Brent crude futures were up $3.04, or 4.7%, at $67.11 a barrel by 10:57 a.m. ET (1557 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.84 or 4.6% at $64.12.

ArcelorMittal strikes $6.9 billion deal with Odisha govt to set up steel plant

Lakshmi Mittal has been focusing on consolidating operations globally, which include selling its North American operations to Cleveland-Cliffs Inc. and shuttering an unprofitable furnace in Poland.
Moneycontrol Business News

ArcelorMittal strikes $6.9 billion deal with Odisha govt to set up steel plant

Lakshmi Mittal has been focusing on consolidating operations globally, which include selling its North American operations to Cleveland-Cliffs Inc. and shuttering an unprofitable furnace in Poland.

Indiabulls Housing Finance raises Rs 1,091 crore via foreign currency convertible bonds

The FCCBs, set to mature on March 4, 2026, bear a coupon rate of 4.5 per cent. The bonds are proposed to be listed on Singapore Exchange Securities Trading Ltd.
Moneycontrol Business News

Indiabulls Housing Finance raises Rs 1,091 crore via foreign currency convertible bonds

The FCCBs, set to mature on March 4, 2026, bear a coupon rate of 4.5 per cent. The bonds are proposed to be listed on Singapore Exchange Securities Trading Ltd.

More women borrowed personal loans in pandemic: CRIF High Mark

The active loans to women borrowers stood at 6,482 in the personal loan segment, as against 4,354 home loans, while auto loans witnessed a 4 percent de-growth to 1,818 women borrowers, the report released in the run-up to the women#39;s day said.
Moneycontrol Business News

More women borrowed personal loans in pandemic: CRIF High Mark

The active loans to women borrowers stood at 6,482 in the personal loan segment, as against 4,354 home loans, while auto loans witnessed a 4 percent de-growth to 1,818 women borrowers, the report released in the run-up to the women#39;s day said.

Square unveils deal for Jay-Z#39;s Tidal music platform

Jay-Z bought Tidal from Europe-based Aspiro in 2015 in a deal valued at slightly more than $56 million, and sought to use the platform to give artists more control over their work.
Moneycontrol Business News

Square unveils deal for Jay-Z#39;s Tidal music platform

Jay-Z bought Tidal from Europe-based Aspiro in 2015 in a deal valued at slightly more than $56 million, and sought to use the platform to give artists more control over their work.

Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slots

Jet Airways shuttered operations in April 2019 after running out of cash and is currently a resolution process under the Insolvency and Bankruptcy Code (IBC).
Moneycontrol Business News

Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slots

Jet Airways shuttered operations in April 2019 after running out of cash and is currently a resolution process under the Insolvency and Bankruptcy Code (IBC).

ICICI, HDFC, SBI will have to offload Rs 1.2 lakh crore if RBI caps stake in insurance arms: Report

Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in in
Moneycontrol Business News

ICICI, HDFC, SBI will have to offload Rs 1.2 lakh crore if RBI caps stake in insurance arms: Report

Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in insurance arms/ companies at a maximum of 20 percent.

Gold slides for 4th day, slips to Rs 44,843/10 gm on firm dollar; silver crashes by Rs 1,793 a kg

The vaccine rollouts have boosted risk-on sentiments, lowering safe haven demand for precious metals, says Tapan Patel, Senior Analyst (Commodities), HDFC Securities.
Moneycontrol Business News

Gold slides for 4th day, slips to Rs 44,843/10 gm on firm dollar; silver crashes by Rs 1,793 a kg

The vaccine rollouts have boosted risk-on sentiments, lowering safe haven demand for precious metals, says Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

US weekly jobless claims increase less than expected

The labour market has lagged the acceleration in overall economic activity, which has been driven by nearly $900 billion in additional pandemic relief provided by the government in late December.
Moneycontrol Business News

US weekly jobless claims increase less than expected

The labour market has lagged the acceleration in overall economic activity, which has been driven by nearly $900 billion in additional pandemic relief provided by the government in late December.

Godrej Interio bags orders worth Rs 250 crore for 3 metro projects

The contracts won by Godrej Interio include nine stations for Mumbai Metro, 12 stations for Bengaluru and two stations for Kochi Metro line.
Moneycontrol Business News

Godrej Interio bags orders worth Rs 250 crore for 3 metro projects

The contracts won by Godrej Interio include nine stations for Mumbai Metro, 12 stations for Bengaluru and two stations for Kochi Metro line.

QS World University Rankings By Subject 2021: Twelve Indian institutes make the cut to top 100

In the business and management category, Indian Institute of Management (IIM) Bangalore and IIM Ahmedabad made it to the top 100 list - ranked 76 and 80, respectively.
Moneycontrol Business News

QS World University Rankings By Subject 2021: Twelve Indian institutes make the cut to top 100

In the business and management category, Indian Institute of Management (IIM) Bangalore and IIM Ahmedabad made it to the top 100 list - ranked 76 and 80, respectively.

Abu Dhabi#39;s Etihad Airways reports $1.7 billion loss in 2020

Etihad reported revenues of $2.7 billion in 2020 compared to $5.6 billion the year before, a precipitous decline it attributed to “drastically fewer people traveling” as the surging pandemic crippled air travel.
Moneycontrol Business News

Abu Dhabi#39;s Etihad Airways reports $1.7 billion loss in 2020

Etihad reported revenues of $2.7 billion in 2020 compared to $5.6 billion the year before, a precipitous decline it attributed to “drastically fewer people traveling” as the surging pandemic crippled air travel.

Looking to offer mental health counselling feature across all products, says Aditya Birla Health CEO

Mental health counselling has been launched in a product feature in the newer version of the insurer#39;s Activ Health policy. Traditionally, only hospitalisation coverage for mental health ailments is provided by Indian insurers.
Moneycontrol Business News

Looking to offer mental health counselling feature across all products, says Aditya Birla Health CEO

Mental health counselling has been launched in a product feature in the newer version of the insurer#39;s Activ Health policy. Traditionally, only hospitalisation coverage for mental health ailments is provided by Indian insurers.

Indian merchants almost halt exports to Iran as its rupee reserves fall: Report

Iran#39;s rupee reserves in India#39;s UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly and exporters are not sure whether they would be paid on time for new shipments, the dealer said.
Moneycontrol Business News

Indian merchants almost halt exports to Iran as its rupee reserves fall: Report

Iran#39;s rupee reserves in India#39;s UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly and exporters are not sure whether they would be paid on time for new shipments, the dealer said.

Women hosts listed on Airbnb India earned Rs 16 million in 2020

The company estimates that among the four million hosts globally, over 55 percent or more than two million hosts on its platform, are women.
Moneycontrol Business News

Women hosts listed on Airbnb India earned Rs 16 million in 2020

The company estimates that among the four million hosts globally, over 55 percent or more than two million hosts on its platform, are women.

India asks OPEC to fulfill promise of stable oil prices

Speaking at the CERAWeek conference by IHS Markit, Oil Minister Dharmendra Pradhan said India, where fuel demand is recovering to pre-pandemic levels, wants reasonable and responsible oil prices.
Moneycontrol Business News

India asks OPEC to fulfill promise of stable oil prices

Speaking at the CERAWeek conference by IHS Markit, Oil Minister Dharmendra Pradhan said India, where fuel demand is recovering to pre-pandemic levels, wants reasonable and responsible oil prices.

Insurtech startup Symbo Platform raises $9.4 million in Series A funding

San Francisco-based investment firm Think Investments and existing investors such as Integra Partners, Insignia Ventures and AJ Capital are participating in the funding round.
Moneycontrol Business News

Insurtech startup Symbo Platform raises $9.4 million in Series A funding

San Francisco-based investment firm Think Investments and existing investors such as Integra Partners, Insignia Ventures and AJ Capital are participating in the funding round.

FDI rises 40% to $51.47 billion in April-December 2020-21: Govt data

India has attracted 22 percent higher FDI inflow (including re-invested earnings) of $67.54 billion during the first nine months of the current fiscal as against $55.14 billion in the same period of 2019-20.
Moneycontrol Business News

FDI rises 40% to $51.47 billion in April-December 2020-21: Govt data

India has attracted 22 percent higher FDI inflow (including re-invested earnings) of $67.54 billion during the first nine months of the current fiscal as against $55.14 billion in the same period of 2019-20.

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