Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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South Indian Bank’s Stock Rises 6% as RBI Approves New CEO
New Delhi: The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval for the appointment of P.R. Seshadri as the Managing Director…
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Rupee slips 1 paisa to close at record low of 83.10 against dollar
Mumbai, Aug 18 (PTI) The rupee edged lower by 1 paisa to settle at an all-time low of 83.10 against the US dollar on Friday, weighed down by a negative trend in…
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Future of technology can’t be shaped by few countries & companies: MoS IT
Bengaluru: Future of technology cannot be shaped by a few countries and companies and needs to be more inclusive and India Stack has transformed lives of citizens and built trust between the…
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Reserve Bank issues fresh norms for personal loans
Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in…
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Over 50cr Jan Dhan accounts opened in 9 yrs
New Delhi: The total number of Jan Dhan accounts have crossed 50 crore as on August 9, 2023, nine years since the scheme was launched in August 2014. According to information provided…
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Flipkart co-founder Binny Bansal plans e-commerce startup: Report
New Delhi: Flipkart co-founder Binny Bansal is reportedly planning a new startup in the burgeoning e-commerce space in India. According to Money Control, Bansal recently sold his remaining stake in Flipkart and…
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Moody’s affirms India’s Baa3 rating; says GDP growth to support income level rise
New Delhi: Moody’s on Friday affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to…
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Apple iPhone 15 may support faster charging up to 35W
New Delhi: Some Apple iPhone 15 models are likely to support charging up to 35W that will offer faster charging speeds. Currently, the iPhone 14 Pro is limited to charging at 27W…
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Bitcoin crashes as investors including Elon Musk’s SpaceX dump cryptocurrency
Bitcoin dipped by nearly seven percent on Friday, dropping below the USD 27,000 level as investors, including Elon Musk’s SpaceX, dumped the cryptocurrency. This move came amid global government bond yields reaching…
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Threads adding reposts to Following feed
San Francisco: Instagram head Adam Mosseri has announced that Threads is rolling out a new “Reposts” tab on profiles and adding reposts to the Following feed. “Two small updates for Threads that…
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‘Make in India’ Galaxy Z Flip5, Z Fold5 now available in India
New Delhi: The much-anticipated ‘make in India’ Samsung Galaxy Z Flip5 and Galaxy Z Fold5 went on sale in India on Friday, after seeing a robust demand in the country. Over 1…
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Unable to pay salaries, Dunzo in ‘talks’ to raise up to $100 mn
New Delhi: Homegrown quick-grocery delivery provider Dunzo, mired in controversy for not paying employees their salaries for months, is reportedly in advanced talks to raise between $80-100 million in its series G…
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Tinder to lose background-checking tool
San Francisco: The background-checking tool used by Tinder’s parent company Match Group to offer a safety feature for its users is shutting down. he non-profit organisation Garbo which provided background checks to…
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RBI bars banks from levying penal interest
Mumbai: Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which…
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Rupee at 10-month low adds to selling pressure in stock market
New Delhi: Adding to the negative sentiment in stock markets, the rupee depreciated to near a 10-month low at 83.14, while the FII outflow of almost of Rs 10,000 crore in August…
