Japan Eyes Drone Fleets in Record $60 Billion Defense Budget Proposal
Japan’s Defense Ministry is requesting a record ¥8.8 trillion for its share of the national budget for the fiscal year starting in April, including money for fleets of drones and…
India Considers Halting Shadow Banks From Duplicating Business
(Bloomberg) -- India’s regulator is mulling getting shadow lenders to cut down business activities of subsidiaries that clash with that of the parent, in line with rules already proposed for…
Indias medium-term IT sector outlook cautiously optimistic despite headwinds: Report
New Delhi [India], August 27 (ANI): The medium-term outlook for the information technology (IT) industry in the country remains cautiously optimistic despite persisting macroeconomic headwinds and continued client spending caution,…
GST department imposes three orders on Eternal, seeks ₹40 crore as tax demand and penalty
The Goods and Services Tax department has imposed three orders on Eternal, which owns the Zomato and Blinkit brands, imposing a total tax demand of over ₹40 crore which included…
Vistaar Finance raises ₹1,360 crore from Motilal Oswal Alternates, ABC Impact
Small-business financier Vistaar Financial Services Pvt. Ltd has raised ₹1,360 crore from private equity firm Motilal Oswal Alternates, Singapore-headquartered impact investor ABC Impact, and others, the company said in a…
Centre to launch pilot project to revive diversified fish farming in Kerala
Kochi (Kerala) [India], August 24 (ANI): In a major move to uplift the fishing community in the Kuttanad region in Kerala, Union Minister of State, Ministry of Fisheries, Animal Husbandry…
WestBridge Capital to acquire 15% stake in Edelweiss asset management in a ₹450 cr deal
Edelweiss Financial Services Limited (EFSL) announced on Friday, August 22, that WestBridge Capital is acquiring a 15 per cent stake in the company for ₹450 crores, according to company statement.…
Russia’s Push to Recruit South African Women Triggers Probe
Russian companies are widening their campaign to find young African women to help fill a labor shortage, heightening concern many are being deployed in the Ukraine war effort. The latest…
Rapido fined ₹10 lakh by CCPA for misleading advertisements
Ride-hailing service Rapido has been fined ₹10 lakh by the consumer protection watchdog CCPA for misleading advertising practices, further directing the company to reimburse customers who used the company's "Auto…
Deutsche Bank chief faces scrutiny about role in risky trades over a decade ago
CEO Sewing credited with cleaning up scandal-ridden bank Ex-banker sues Deutsche, claiming he was scapegoat for risky deals Allegations prompt Deutsche to review case, person familiar says Deutsche Bank says…