Billionaire Elon Musk is warning against something he himself has done — borrowing against the value of securities one owns — because of the risk of “mass panic” in the stock market. “I would really advise people not to have margin debt in a volatile stock market and you know,Continue Reading
The banks will remain shut for 11 days in January. In December, all public and private sector banks remained closed for 14 days. Some of the bank holidays are state-specific, while banks across the country will be shut on national holidays. The Reserve Bank of India (RBI) issues a listContinue Reading
A special CBI court on Saturday remanded former managing director (MD) and chief executive officer (CEO) of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar to the CBI custody till Monday. The CBI arrested the couple on Friday in connection with alleged cheating and irregularities in loans sanctioned byContinue Reading
Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial over the collapse of the FTX crypto exchange, which a U.S. prosecutor called a “fraud of epic proportions.” Federal prosecutors in Manhattan have accused the FTX founder of stealing billions of dollars in customerContinue Reading
Online banking services have eliminated the need to physically visit a branch. State Bank of India (SBI), the country’s largest lender, is among the banks that provide online services to their customers. Also Read: People share SBI passbook pics ahead of the FIFA World Cup final. Here’s why To useContinue Reading
New Delhi Television Ltd’s founders said on Friday they have decided to transfer most of their shares in the company to billionaire Gautam Adani, giving his conglomerate control over nearly 65% of the news network. Radhika and Prannoy Roy will sell a 27.26% stake in NDTV to an entity ownedContinue Reading
Twitter Inc has asked a federal judge in California to toss out a proposed class action claiming the mandate by CEO Elon Musk that employees return to the office and put in “long hours at high intensity” discriminates against workers with disabilities. Twitter’s lawyers late Wednesday filed a motion toContinue Reading
Rupee traded flat at 82.82 on Thursday in early trends against a dollar after the previous close of 82.79 amid sharp losses in the domestic equity markets and firm crude oil prices. The US dollar’s weakness against major world currencies and forex inflows aided sentiment, but recession fears following USContinue Reading
Facebook owner Meta Platforms Inc has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-runningContinue Reading
Published on Dec 23, 2022 09:18 AM IST Market bell: Sensex opens at 60,533, Nifty at around 18,000 The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai.(PTI) Market bell: Sensex opens at 60,533, Nifty at around 18,000. ABOUT THE AUTHOR Follow theContinue Reading