Category: Business

HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place – Times of India

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NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more…

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Credit Suisse inquiry to keep files secret | The Express Tribune

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ZURICH: A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission will hand over its files to the Swiss Federal Archives after a much longer…

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Pakistan receives first installment of $1.2bn from IMF: Dar – SUCH TV

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The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement (SBA) that was approved by the IMF board the previous day. Talking to media persons, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the balance amount…

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Who Is Malavika Hegde, The Woman Who Revived The Cafe Coffee Day After Husband’s Tragic Suicide Due To Rs 7000 Crore Debt

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NEW DELHI: The suicide of V G Siddhartha, the founder of Cafe Coffee Day – India’s largest coffee shop chain – in 2019 shocked the entire nation, especially those who used to hang out at the CCD with friends and family over the weekends. The tragic death of Siddhartha, who ended his life by jumping…

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A PGA Tour Director’s Exit Casts a Pall Over Proposed Saudi Deal

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‘Serious concerns’ at the PGA Tour Just days before Tuesday’s PGA Tour hearing before the Senate Permanent Subcommittee on Investigations, a prominent tour board member, Randall Stephenson, has resigned. His reason? He said he cannot support the golf organization’s proposed tie-up involving LIV Golf, its Saudi -backed rival, DealBook’s Lauren Hirsch and The Times’s Alan…

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Government to hire agency to estimate size of digital economy – Times of India

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NEW DELHI: The government is planning to hire an agency to measure the actual size of the digital economy which is estimated to be around USD 1 trillion by 2025, according to an official document.The selected agency will be roped in for a period of nine months for the assignment.The agency will need to submit…

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Centre Empowers ED by Bringing Goods & Services Tax Network Under PMLA – News18

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The sharing of incriminating information with GSTN will enable the authority to limit the activities of suspicious businesses. (Image: News18) Offenses related to GST such as fake invoices and fraudulent input tax credits will now be covered under PMLA The Centre on Saturday issued a notification to bring the Goods and Services Tax Network (GSTN)…

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Evva Hanes, Who Made Moravian Cookies World Famous, Dies at 90

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Evva Hanes, a North Carolina farm woman who took a centuries-old Moravian cookie tradition that she had learned by watching her mother bake on a wood-fired stove and turned it into a family business, one that now ships out millions of fragile, crispy Moravian cookies every year, died on June 22 at her home in…

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Vande Bharat Express Gets New ‘Saffron’ Paint, Indian Railways To Replace White Colour: Here’s Why?

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The upcoming Vande Bharat Express trains will get a new Orange-Dark Grey paint scheme as against the current generation of semi-high speed trains with white-blue livery. The photographs of the Vande Bharat Express donning the new colour scheme have been shared by the Railway Ministers of India, Ashwini Vaishnaw on his Twitter account. Various media…

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