BUSINESS

RPL case: Sebi fines Reliance Industries, Mukesh Ambani, two other entities

10:42 pm January 1, 2021

New Delhi : Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its Chairman and Managing Director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd […]

Three final offers received for PMC Bank resolution, says RBI Guv

PMC Bank: ED attaches Rs 72-cr assets of man whose wife transferred funds to Sena leader’s spouse

10:40 pm January 1, 2021

New Delhi : The ED on Friday said it has attached assets worth Rs 72 crore of a Maharashtra-based man whose wife’s alleged transaction with Shiv Sena leader Sanjay Raut’s spouse is under its scanner in the over Rs 4,300 crore PMC Bank money laundering case. The central probe agency alleged that the man, Pravin Raut, had ”siphoned […]

Sensex, Nifty scale new highs on New Year’s Day

5:10 pm January 1, 2021

Mumbai: The BSE Sensex soared to record highs while the NSE Nifty closed above the 14,000-mark for the first time on Friday as markets continued their record run in the new year amid robust buying in IT, auto and FMCG stocks. Extending its record-setting streak for the fifth day, the 30-share BSE Sensex rose by […]

Rupee settles 4 paise lower at 73.11 against US dollar

5:07 pm January 1, 2021

Mumbai: Snapping the six-session winning streak, the rupee depreciated by 4 paise to settle at 73.11 (provisional) against the US dollar on the first trading day of the New Year on Friday. At the interbank forex market, the domestic unit opened at 73.09 against the US dollar and witnessed an intra-day high of 73.02 and […]

RIL donates Rs 1.01 crore to Lord Balaji shrine on New Year eve

11:14 pm December 31, 2020

Tirupati: The Reliance Industries Limited Made an offering of Rs.1.01 crore at the famous hill shrine of Lord Venkateswara at Tirumala near here on the New Year eve on Thursday, an official said After offering prayers at the ancient temple, company representative PMS Prasad handed over a demand draft for the amount to Additional Executive […]