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Shares Of IOC, BPCL, HPCL Slip
Shares of Oil Market Companies (OMCs) -- Indian Oil Corporation, BPCL, and HPCL -- tumbled on Friday after the petrol and diesel prices were cut by Rs 2 per litre each. The stock of Hindustan Petroleum Corporation Limited (HPCL) plummeted 8.10 ...
Paytm Gets NPCI Approval, Becomes Third-Party UPI App Provider
The National Payments Corporation of India (NPCI) has granted approval to One97 Communications Limited (OCL), the parent company of Paytm, to operate as a third-party application provider (TPAP) under the multi-bank model for Unified Payments Interface (UPI) services. This long-awaited licence ...
Fitch Places IIFL Finance On Negative Rating Watch Post RBI's Move
Fitch Ratings on Thursday took action against IIFL Finance, placing the company on 'Rating Watch Negative' following a directive from the Reserve Bank of India (RBI) to cease new gold-backed lending activities. This decision signals potential challenges ahead for the financial ...
Reliance To Acquire Paramount's 13% Stake In Viacom18 For Rs 4,286 Crore
Reliance Industries (RIL) has announced its agreement to purchase Paramount Global's entire 13.01 percent stake in Viacom 18 Media for approximately $517 million (Rs 42.86 billion). The acquisition, disclosed through US regulatory filings, marks a significant step for Reliance Industries, enhancing ...
JM Financial Vows Full Cooperation With Sebi Amidst Regulatory Probe
In response to regulatory action by the Securities and Exchange Board of India (Sebi), JM Financial Ltd has pledged its full cooperation with the investigation into alleged irregularities surrounding the public issue of debt securities. Sebi's directive, which prohibits JM Financial ...
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