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BUSINESS

FIIs offload Rs 1,602 crore this week as Nifty dips 0.5 pc
BUSINESS

FIIs offload Rs 1,602 crore this week as Nifty dips 0.5 pc

New Delhi, Aug 22 — Foreign institutional investors (FIIs) ended the week as net sellers of Rs 1,602 crore while domestic institutional investors (DIIs), by contrast, were net buyers on each of the five trading days, investing Rs 17,320 crore.FIIs reverted to sell mode after three weeks of buying…

Bitcoin nears $80,000 in its biggest weekly rally in 3 years
BUSINESS

Bitcoin nears $80,000 in its biggest weekly rally in 3 years

New Delhi, Aug 22 — Bitcoin surged toward the $80,000 mark on Saturday, on track for its strongest weekly gain in more than three years amid optimism of traders related to a spike in bond yields.The cryptocurrency jumped as much as 4.8 per cent over 24 hours and was trading around $78,588 as of…

Expect $80 billion for shareholder returns this year: Samsung
BUSINESS

Expect $80 billion for shareholder returns this year: Samsung

Seoul, Aug 22 — Samsung Electronics said it expects funds of up to 110 trillion won ($80 billion) to be used for shareholder returns this year, in what would be the biggest investor returns by a South Korean company.Following a board meeting earlier in the day, the company said in a regulatory…

Maha CSR Authority proposed for fund utilisation: CM Fadnavis
NATIONAL

Maha CSR Authority proposed for fund utilisation: CM Fadnavis

Mumbai, Aug 21 — Chief Minister Devendra Fadnavis on Friday directed officials to submit a proposal to establish the ‘Maha CSR Authority’ to ensure a more effective, transparent, and coordinated utilisation of Corporate Social Responsibility (CSR) funds in Maharashtra. He noted that because…

India rolls out ICT track theme at BRICS meet
NATIONAL

India rolls out ICT track theme at BRICS meet

Pune, Aug 21 — Union Communications Minister Jyotiraditya M. Scindia on Friday introduced the theme of 'Innovate, Cooperate and Transform (ICT) for a Resilient Future', and its four pillars — sustainable and resilient digital and ICT ecosystems; cybersecurity and trustworthy ICT; digital skilling…

CCI fines agro input associations for cartelisation
BUSINESS

CCI fines agro input associations for cartelisation

New Delhi, Aug 21 — The Competition Commission of India (CCI) on Friday imposed monetary and non-monetary sanctions on Agro Input Dealers Association (AIDA), Agro Input Welfare Association (AIWA), Manmohan C. Kalantri, and Arvindbhai Jerambhai Patel for indulging in cartelisation.The Commission…

Over 63,000 EVs registered in Nepal as electric mobility expands
WORLD

Over 63,000 EVs registered in Nepal as electric mobility expands

Kathmandu, Aug 21 — Electric vehicles are rapidly gaining ground in Nepal's automobile market, with more than 63,000 EVs now registered and electric cars accounting for over 70 per cent of newly imported private four-wheelers, government data show. Nepal began adopting electric vehicles only in…