Category: Business

SEBI

SEBI to review FPI ownership norms

On Wednesday, SEBI announced that it ‘would review its decision to impose a ban on non-resident Indians (NRIs) and persons of Indian origin (PIOs) from holding beneficial ownership (BO) in foreign portfolio investment (FPI) vehicles’. HR Khan, former Deputy Governor of the Reserve Bank of India said in the statement, “The working committee has heard ...
SBI

SBI General Insurance stake sale attracts KKR, Temasek, CPPIB

Mumbai: According to the latest reports, the proposed 4% stake sale in SBI General Insurance Co. has withdrawn the interest from three of the global private equity investors, including Canada Pension Plan Investment Board (CPPIB), KKR and Singapore’s Temasek Holdings Pvt. Ltd, in which two people directly aware of the development said, requesting anonymity. Emails ...

Twitter suspend 70 million accounts to reduced misinformation

WebDesk, Washington Post:  The social media platform Twitter has suspended over 70 million accounts to reduce misinformation flow in social media. Data beach and fake news are emboldened in recent times which has using social media like Twitter and Facebook to maintain a significant impact on users daily activity cause several harmful incidents all over ...

Rupee is all time low, here what twitter users saying

Social Media: The Indian currency had yesterday breached the 69-mark, the all-time low in comparison with US dollar. BJP’s one of the major agenda in 2014 election campaign was Indian rupee’s degradation which marked 68 rupees per dollar. Now in BJP’s tenure rupee marked all-time low. here we collected some tweets which circulating in the ...

Saudi lift ban on women driving: The 90bn$ reason

WebDesk: Saudi Arabia is the only country in the world which had not allowed women to drive a car until it abandoned the policy on yesterday. Social workers, liberal and all progressive thinkers hail the Saudi government decision. But a question floating everywhere, what is the reason behind this decision where it was not so ...

SBI on unemployment: India’s large and young labour force – will become a huge disadvantage by 2030

WebDesk: a research arm of State Bank of India has analysed that the India’s growing unemployment will be a great disadvantage by 2030. The Business Insider report says, There is an urgency to SBI’s assessment. It says that India has only 10 years to graduate to a “developed nation”. If it fails to do so, ...