Photo: The Financial Express
Rana Kapoor, the main accused of the Yes Bank Money Laundering case, could not be prosecuted due to the absence of sanction obtained by the Crime Bureau of Investigation (CBI) under the Prevention of Corruption (PC) Act, on July 17. The case is now sent to a Metropolitan Magistrate for trial. Although CBI has said that the probe is on, they need some time to deal with this issue.
Flipkart on March 4 floated a new voice search feature on its platform, enabling customers to search products in Hindi, English, and Hinglish languages. The new feature aims to "make the digital commerce experience convenient, accessible and… read-more
TAGS: Flipkart, Voice Search, business, New feature
The Reserve Bank of India has requested banks to dilute their stake in the capital intensive insurance sector to 20%, reducing the limit to over half. The regulator urged banks to focus on the dominant area of business instead of the insurance… read-more
TAGS: RBI, India, Modi Government , Central Government, FDI, Insurance
The Azim Premji-promoted IT giant Wipro is all set to acquire British consultancy firm Capco in a $1.45-billion deal. Accounting for the highest investment in technology by the company, the deal will help Wipro gain over 30 new banking and … read-more
TAGS: Wipro, Software services, Capco, business
Reliance Jio has become the top bidder at the 2021 4G spectrum auction by acquiring the 488.35MHz band for Rs 57,122.65 crore. Becoming the largest holder in 2300 MHz and sub-GHz spectrum, Jio increased its spectrum footprint by 55%. Similarly,… read-more
TAGS: Jio, Reliance, Spectrum, 5G spectrum, Airtel, VODAFONE IDEA
Citing the recently-launched price monitoring app by the Consumer Affairs Department, the Centre on February 28 revealed that wholesale and retail prices of 22 essential commodities have improved significantly. Reportedly, the January 2021-… read-more
TAGS: Essential Commodities, Buffer Stock, Consumer Affairs, Onion
Tata Sons chairman N Chandrasekaran confirmed that there is no dialogue with Tesla for a collaboration. The statement came after speculations arose of Tata partnering with Elon Musk-owned Tesla that recently entered the Indian market.… read-more
TAGS: Tesla, TATA Motors, JAGUAR LAND ROVER CARS, Tata Sons