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Kapoor to pay ₹50 lakh in 6 weeks: SAT Former Yes Bank managing director Rana Kapoor has been directed by the Securities Appellate Tribunal (SAT) to deposit ₹50 lakh ($66,900) within six weeks in a case involving alleged mis-selling of additional tier-1 (AT-1) bonds.

Samsung weighs setting up 5G gear production hub in India The South Korean conglomerate is considering India alongside Vietnam for its plans.

RBI rejigs banks’ investment categories RBI revises guidelines on categorizing bank investments, removes 90-day holding period for securities under Held For Trading category.

Intas eyes Biogen’s biosimilars for $1 bn Ahmedabad-based Intas is being advised by Goldman Sachs Group Inc. and has submitted a non-binding bid and is seeking to put a binding one later this month

Building narrow AI models for specific uses: HCLTech In an interview, Kalyan Kumar, global chief technology officer and head of ecosystems at the software services provider, underlined how businesses are finding early use cases for generative AI

Apple TV+ debuts on Indian OTT aggregator Tata Play Binge Apple TV+ on Tata Play Binge can be accessed via mobile devices, smart TVs, desktops, laptops and tablets, web and Binge+ set top box, including Android and iOS devices

Reliance to add 100 points-of-sale for Gap Gap to expand its presence in India with the launch of over 100 stores in partnership with Reliance Retail.

Dior signs lease agreement at Jio World Plaza as luxury brands chase wealthy Indians French luxury fashion house Christian Dior has leased two large units in Jio World Plaza, a yet-to-open luxury mall, part of Jio World Centre, in Mumbai's Bandra-Kurla Complex, signaling a push by the world's...

Google argues against US accusation of breaking antitrust law, says ‘quality kept its search on top’ Google said the US was wrong to say the search and advertising giant broke the law to hold onto its massive market share, noting its search engine was wildly popular because of its quality

Byju's allegedly hid $533 million in obscure hedge fund, claim lenders in lawsuit: Report Byju's allegedly hid $533 million in a hedge fund, according to lenders trying to recover the money

After India versus Bharat row, Blue Dart now rebrands Dart Plus service to ‘Bharat Dart’ Blue Dart renames its Dart Plus service to Bharat Dart

Delhi HC issues notice to Go First resolution professional, DGCA on plane maintenance The lessor also sought direction from the court on the inspection report submitted by them in the court.

Aditya Birla Capital Digital launches Payment Lounge. Details here Aditya Birla Capital Digital has launched Payment Lounge, an omnichannel collection platform for merchants, powered by PhiCommerce

SAT will continue hearing Punit Goenka-SEBI case tomorrow SAT to hear case involving Punit Goenka and Sebi on 14 September. Sebi barred Goenka and Chandra from key positions in Zee firms.

Reliance Retail in talks with Gulf, Singapore funds on $1.5 billion investment: Report Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, according to a report by...

Tesla plans to source parts worth $1.7-$1.9 billion from India: Piyush Goyal Tesla plans to source components worth $1.7-$1.9 billion from India, already sourcing parts worth $1 billion.

Adani in talks with global banks for $3.5 billion loan in one of top Asia loans in 2023: Report Billionaire Gautam Adani's group has been in talks with lenders for several months as it seeks to refinance as much as $3.8 billion worth of debt taken for its Ambuja acquisition, according to Bloomberg.

Bank of India raises ₹2,000 crores in Tier II bond offering at 7.88% PA The BoI said that it received a total of 83 bids amounting to ₹3,770 crores.

Bombay Dyeing to sell Worli land to Goisu Realty for ₹5,200 crore Wadia group owned Bombay Dyeing and Manufacturing Company Limited Wednesday said it has agreed to sell 22 acres in Worli to Goisu Realty Pvt for ₹5,200 crore in one of Mumbai's largest land deals to repay debt and fund future...

IndiGo gets regulatory nod to wet-lease 11 A320 aircraft: Report Pratt's owner RTX had on Monday said it would have to pull a total of 600 to 700 engines off their Airbus A320neo jets for lengthy quality inspections between 2023 and 2026.