Business News
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Paytm Payments Bank fined Rs 5.49 crore for violating law against money-laundering
The penalty comes as a further setback to the digital bank, which has been directed by the Reserve Bank of India to stop accepting fresh deposits from March 15.
Scroll Staff
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Paytm founder Vijay Shekhar Sharma steps down from payments bank board
The development comes ahead of the March 15 deadline set by the Reserve Bank of India for Paytm Payments Bank to wind down operations.
Scroll Staff
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EPFO recommends increasing interest rate to 8.25% from 8.15%
If ratified, this will be the highest rate of interest on the employees’ provident fund in the last three years.
Scroll Staff
Trending
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Seven firms that failed drug quality tests gave money to political parties through electoral bonds
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Why the exodus from Bhutan of young people and qualified workers is a worry for India
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Why did a Union minister say he would apply for Indian citizenship under CAA?
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Electoral bonds: What we know so far, what we will know soon – and what we may never know
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Modi government’s insurance scheme pushes hospitals into debt – threatening patient admissions
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Finance ministry tells EPFO to not announce interest rate without its approval
The ministry flagged that the provident fund body had slipped into a deficit in 2021-’22 even as it had initially projected a surplus.
Scroll Staff
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Raghuram Rajan says he is worried about the sequential slowdown in India’s economic growth
The former RBI governor asked why SEBI has not yet investigated four Mauritius-based funds that have reportedly parked 90% of their money in Adani Group stocks.
Scroll Staff
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Actor Arshad Warsi banned by market regulator for stock manipulation
His wife and 29 others were also implicated in the case.
Scroll Staff
Video
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Watch: Actor Vijay’s car is damaged after thousands of fans throng to meet him in Trivandrum
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‘Time to forget about it’: Miriam Margolyes, who acted in ‘Harry Potter’ films, tells adult fans
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Watch: Protestors lie on the ground together along the seashore in Spain to represent Gaza victims
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Watch: From Sonu Nigam to Shilpa Rao, prominent singers sing ‘Yaaron Dosti’ in a tribute to KK
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Watch: Pilot makes a special announcement with baby daughter to celebrate her first flight with him
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Adani Group row: Centre says no objection to forming panel to protect investors
However, Solicitor General Tushar Mehra said that the government would provide the names for members of the committee.
Scroll Staff
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Adani-Hindenburg row: SC notes heavy loss to investors, seeks SEBI’s views on improving regulations
Chief Justice DY Chandrachud also proposed forming an expert committee.
Scroll Staff
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Morgan Stanley cuts free float status of four Adani firms, but spares delisting them from indices
Free float is the proportion of shares that can be bought publicly in the securities markets by international investors.
Scroll Staff
The Reel
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‘Adrishyam’ trailer: Eijaz Khan and Divyanka Tripathi Dahiya play undercover agents
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Prithviraj Sukumaran on what makes ‘The Goat Life’ special: ‘A deeply meditative character study’
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Start the week with a film: A riveting game of mind control in ‘The Manchurian Candidate’
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‘Crew’ trailer: Tabu, Kareena Kapoor Khan and Kriti Sanon play stewardesses involved in smuggling
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‘I wanted to land this film correctly’: Why actor Kunal Kemmu chose to direct ‘Madgaon Express’
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Elon Musk cleared of charges over 2018 tweets claiming he would take Tesla private
Musk was accused of committing fraud by making false public statements with the potential to hurt investors.
Scroll Staff
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Ola and Uber deny reports about possible merger
‘The Economic Times’ had said that Ola co-founder Bhavish Aggarwal had met the top executives of Uber in San Francisco about the deal.
Scroll Staff
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US Federal Reserve announces biggest interest rate hike in 28 years to control inflation
Financial services company Wells Fargo & Co said that the country could face a mild recession in 2023 due to the high rate.
Scroll Staff
The Field
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Archery: Deepika Kumari tops national selection trials for World Cup Stage 1 and 2
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Commonwealth Games: Malaysia to consider hosting a downsized edition in 2026; Singapore also in fray
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WPL 2024: From captain Meg Lanning to rising star Shreyanka Patil – The Field’s team of the season
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Wrestling: IOA dissolves ad-hoc committee; elected body to take charge of national federation
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Hockey: Harmanpreet Singh to lead 27-member Indian squad for Australia tour