#Business | RBI imposes Rs 2.68 cr on UCO Bank ๐ฐ๐ฆ
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Moneycontrol
RBI imposes Rs 2.68 cr on UCO Bank
The RBI has also imposed a penalty of Rs 2.1 lakh on Cent Bank Home Finance Ltd for non-compliance with certain provisions of Know Your Customer (KYC) directions.
#Business | Toyota Kirloskar Motor partners with Union Bank of India for vehicle financing solutions ๐๐ค๐ฆ
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Moneycontrol
Toyota Kirloskar Motor partners with Union Bank of India for vehicle financing solutions
Under the partnership, customers can get up to 90 per cent financing on the on-road price of any Toyota vehicle purchased for private use, exempting them from any foreclosure, or part-payment charges, the company said in a statement.
#Business | Major realty firms sell properties worth Rs 35,000 cr in Q1FY25; Godrej Properties tops list ๐ข๐ฐ
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Moneycontrol
Major realty firms sell properties worth Rs 35,000 cr in Q1FY25; Godrej Properties tops list
In terms of sale bookings, Mumbai-based Godrej Properties witnessed pre-sales of Rs 8,637 crore in the April-June quarter while Delhi NCR-based DLF Ltd reported more than three-fold jump in its sale bookings at Rs 6,404 crore during the same period.
#Business | Tata Consumer Products completes merger of subsidiaries to simplify, streamline business ๐ค๐ฐ๐
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Moneycontrol
Tata Consumer Products completes merger of subsidiaries to simplify, streamline business
The company further said that there would be no change in the operating structure for these business units.
#Business | Sebi in the financial year 2023-24 issued 377 administrative warnings to Alternative Investment Funds, up from 20 in the previous year.
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Moneycontrol
Sebi sent 377 warnings to AIFs in FY24 against 20 in the previous year
Warnings pertain to disclosure lapses with private placement documents and not swiftly addressing investor grievances among others.
#Business | Nvidia defended its tactics in hot market for chips to power artificial intelligence in face of reports the US is probing whether it abused its clout.
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Moneycontrol
Nvidia says it plays fair in AI chip market
While chip buyers do have options, Nvidia is considered the technology leader when it comes to AI chips even though rivals are working hard to compete.
#Business | ๐ Nvidia shares took historic 9.5% nosedive, deepest ever single-day decline for a U.S. company, suffers record $279 billion loss as Wall Street drops. ๐
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Moneycontrol
Nvidia suffers record $279 billion loss in market value as Wall Street drops
Nvidia shares took a historic 9.5% nosedive, shedding $279 billion in market cap as investor enthusiasm for AI waned, triggering the biggest drop in the PHLX chip index since 2020.
#Business | National Bank for Financing Infrastructure and Development (NaBFID) is looking to raise about Rs 40,000 crore to finance infra projects.
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Moneycontrol
NaBFID to tap debt market to raise over $4 billion in FY25 to finance infra projects
Its inaugural bond issue in June this year received bids that were almost five times the size of the base issue, and traders anticipate a similar level of interest for future debt offerings from India's newest infrastructure lender.
#Business | Boss Packaging SME IPO: 64 employees, a shabby office as seen on X (formerly Twitter), and a jaw-dropping 135x IPO subscription.
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Moneycontrol
Boss Packaging SME IPO: 64 employees, one dilapidated office and 135x subscription!
With an issue size of just over Rs 8 crore, the company, supplying machines for packaging, labelling, capping, and filling, received bids worth a whopping Rs 1,073 crore.
#Business | Singapore business leaders pledge investments in India during meeting with PM Modi ๐ฎ๐ณ๐ค๐ธ๐ฌ
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Moneycontrol
Singapore business leaders pledge investments in India during meeting with PM Modi
Their pledge highlights a strong interest in India as a leading investment destination and underscores the strategic initiatives being undertaken to boost bilateral trade and economic growth.