Month: August 2022

Congress, Shiromani Akali Dal demand probe into Punjab’s excise policy

NEW DELHI: The opposition Congress and SAD on Saturday demanded a probe into Punjab’s excise policy, alleging it was a “sellout” and the state was “defrauded” like in Delhi where its liquor policy is under the CBI scanner. The demand in AAP-ruled Punjab came a day after CBI carried out searches at 31 places which […]

Debt MFs outflow continues; investors withdraw Rs 70,000-crore in June quarter

NEW DELHI: Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June due to high inflation and an increasing rate cycle. “In the next (September) quarter, it is safe to assume that monetary conditions will be tighter in terms […]

OYO acquires Denmark-based holiday home operator Bornholmske Feriehuse

NEW DELHI: Travel and hospitality technology platform OYO on Tuesday said it has acquired Denmark-based holiday home operator Bornholmske Feriehuse for an undisclosed sum. Based out of Bornholm island in Denmark, Bornholmske Feriehuse has 737 holiday homes spread over 30 holiday parks on its platform and expects to clock more than 2.5 lakh guest nights […]

HDFC gets National Housing Bank nod for merger with subsidiary bank

NEW DELHI: Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday. The NHB has also approved the merger of two wholly-owned subsidiaries — HDFC Investments and HDFC Holdings Limited — of the housing finance company with HDFC, the filing […]

RBI retains inflation projection for FY23 at 6.7 per cent

NEW DELHI: The RBI on Friday retained inflation forecast for FY23 at 6.7 per cent amid uncertain price trajectory on “geopolitical shocks” and on hope that inflationary pressures would ease with pick-up in kharif sowing and supply chain improvements. In its previous monetary policy review in June, it had projected retail inflation for 2022-23 at […]

Reliacne Jio gets ready to roll-out world’s most advanced 5G network across India

NEW DELHI: India’s largest digital services provider, today acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the auctions conducted by the Department of Telecommunications, Government of India. The acquisition of the right to use this spectrum will enable Jio to build the World’s most advanced 5G network and further strengthen India’s […]

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