New Delhi: Suffering a rout in the stock markets this week, Adani Group Chairman Gautam Adani has lost the coveted tag of being Asia's second richest billionaire. Adani has lost over $12 billion in just four days after concerns over FPI ownership. Adani's net worth has come down to $62.7 billion from $74.9 billion at the...
New Delhi: The government plans to revise the e-commerce regulations in the country and bring about stricter norms, wherein the much talked-about flash sales may be prohibited. As per the new draft regulations, no e-commerce entity shall allow any display or promotion of misleading advertisements, whether in the course of business on its platform or...
Washington: US Federal Reserve Chair Jerome Powell has said the Covid-19 pandemic continues to pose risks to the US economic outlook as the pace of vaccination has slowed. "Progress on vaccinations has limited the spread of Covid-19 and will likely continue to reduce the effects of the public health crisis on the economy," Powell said...
By Neera Kuckreja Sohoni On June 15, the Anti-trust regulator in the UK announced it has opened a year-long probe into Google's and Apple’s mobile ecosystems (iOS and Android) suspecting a possible stifling of competition. Facebook is facing a challenge in the European Union on the issue of use of cookies to track users without their...
London: Coca-Cola has said that "everyone is entitled to their drink preferences" after football star Cristiano Ronaldo removed two of the company's soft drink bottles from his press conference. The incident happened during Ronaldo's press conference. At the pre-match press conference for UEFA Euro 2020, the Portuguese star wasn't pleased with the fact that two...
New Delhi: Social media platform Twitter has lost its status of intermediary platform in India over non-compliance to the new intermediary guidelines. As a result of the development, the company has lost its legal shield in the country from prosecution over posts. "Twitter has lost its status as an intermediary platform in India as it has...
New Delhi: Denying freezing of accounts of three foreign portfolio investors (FPI) holding shares in Adani Group companies by the NSDL, group companies have said that such reports are "erroneous" and "misleading". In separate communications to the BSE and the National Stock Exchange (NSE), all the listed Adani Group companies said that it has confirmation...
New Delhi: Inviting investors to the country, Prime Minister Narendra Modi on Wednesday said that innovation came to the rescue during Covid as he highlighted India's major benefits for both investors and innovators. Delivering his keynote address at the 5th edition of VivaTech, one of the largest digital and start-up events in Europe, he said:...
Mumbai: India's foreign exchange reserves rose by $5.271 billion during the week ended May 28. According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $598.165 billion from $592.894 billion reported for the week ended May 21. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs),...
