FHL case: Sebi slaps Rs 38-cr penalties on 32 entities

New Delhi, May 19Sebi has imposed penalties totalling Rs 38.75 crore on 32 entities, including Fortis Healthcare Holdings, in a case related to diversion of funds of Fortis Healthcare Ltd (FHL) and misrepresentations to conceal the fraud.The matter goes way back to 2018 when a media report came out that…

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Market sinks amid global cues, investors poorer by Rs 6.71L cr

New Delhi, May 19Equity investors became poorer by over Rs 6.71 lakh crore on Thursday as domestic benchmark indices tumbled amid a global market meltdown.SENSEX PLUNGES1,416.30 POINTSCLOSES AT 52,792.23RUPEE FALLS TO 77.72 VS US $NSE Nifty tanked 430.90 points to finish at 15,809.40Wipro, HCL Tech, Infosys, TCS, Tech Mahindra, Tata…

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AirAsia India cuts fees on excess baggage for passengers taking connecting international flights

New Delhi, May 19AirAsia India on Thursday announced that it is offering major discount on excess baggage fees for passengers taking connecting international flights till June 30.Flyers connecting to international flights from AirAsia India’s domestic flights can now pre-book their excess baggage at the significantly discounted price of Rs 100…

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Jeep India launches SUV Meridian

New Delhi, May 19Jeep India, a part of automotive group Stellantis, on Thursday commercially launched its new SUV Meridian with introductory prices starting from Rs 29.9 lakh (ex-showroom).The Meridian is the company’s first three-row SUV designed and engineered specifically for India. It comes with a 2-litre turbo diesel engine with…

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Air India bans smoking, consumption of intoxicating substances at workplace

New Delhi, May 19The Tata Group-run Air India has banned smoking and consumption of intoxicating substances at the workplace and any employee violating this order will be “dealt with appropriate consequences”, the airline’s Chief Human Resources Officer (CHRO) Suresh Dutt Tripathi has stated.It was not clear what was the trigger…

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Maruti inks pact with Haryana government for its third plant in the state

Gurugram,May 19 The Haryana government on Thursday signed an agreement with Maruti Suzuki India Limited and Suzuki Motorcycle India Private Limited, paving the way for Maruti’s third plant in the state of Haryana. The land for the project has been allocated in Kharkhoda in Sonepat district. Haryana CM Manohar…

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After cement, billionaire Gautam Adani’s group to foray into healthcare

New Delhi, May 19Billionaire Gautam Adani’s group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies.Adani Enterprises Ltd, the group’s business incubator firm, in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd…

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Value of Pakistani rupee touches fresh low at Rs 200 against US dollar

Karachi, May 19The Pakistani rupee continued its month-long run of devaluation, with the currency trading at its all-time low of Rs 200 against the US dollar on Thursday.The Pakistani rupee (PKR) continues to slide in line with the predictions of analysts who fear more losses ahead as the country remains…

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Meta freezes hiring for several verticals; CEO Mark Zuckerberg says no job cuts

San Francisco, May 19 Meta (formerly Facebook) has paused hirings for several verticals, like shopping and Messenger Kids, which has triggered the fear of layoffs among employees. According to The Verge, Meta has frozen hirings for a number of products. The company recently stopped hiring for certain engineering roles and…

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Sensex dives 1,155 points in early trade amid weak global markets

Mumbai, May 19 Equity benchmarks fell sharply on Thursday in line with an extremely weak trend in the global markets, with the Sensex plunging 1,154.78 points in early trade. Persistent foreign fund outflows and a spurt in crude oil prices also dampened sentiment. The 30-share BSE benchmark was trading 1,154.78…

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Sensex tanks over 1,400 points as Wall Street rout triggers global market meltdown; investors poorer by Rs 6.71 lakh-crore

Mumbai, May 19 Equity indices sank in a sea of red on Thursday, joining a global market sell-off after Wall Street suffered its worst drubbing since mid-2020 on renewed fears of scorching inflation crimping economic recovery. Continued selling by foreign investors and the rupee sinking to another record low against…

View More Sensex tanks over 1,400 points as Wall Street rout triggers global market meltdown; investors poorer by Rs 6.71 lakh-crore

LPG price hiked by Rs 3.50 per cylinder, second increase this month

New Delhi, May 19 Domestic cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rates this month. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, according to a price notification of state fuel retailers. The hike comes…

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