Apple, the creator of iPhones, is in discussions with banks and authorities to introduce its credit card, known as “Apple Card,” in India. Tim Cook, the company’s CEO, spoke with …
Finance
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BusinessFinance
Disagreements With Founder Byju Raveendran Cause Three Byju’s Board Members To Quit
by Team, Endocby Team, EndocThe remaining board members of Byju’s are Riju Ravindran, Byju Raveendran, and Divya Gokulnath after the resignations of three Byju’s board members, G V Ravishankar of Sequoia Capital (Peak XV…
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BusinessFinance
The Delisting Plan of Brokerage Company Boosts ICICI Securities To A 52-Week High.
by Team, Endocby Team, EndocOne of the top private sector banks in India, ICICI Bank, said on June 26 that it would be examining a request to delist ICICI Securities, one of the bank’s…
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BusinessCountryFinancePolitics
US-India Relations: There Have Been More Bets Placed Between India And The US
by Team, Endocby Team, EndocThe fact that Prime Minister Narendra Modi received a state visit invitation from the US administration—a rare occurrence and the highest level of protocol in the US system—the manner of…
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BusinessFinance
Karnataka Invites Tesla To Establish A Facility There.
by Team, Endocby Team, EndocKarnataka invited Tesla Inc., the largest manufacturer of electric vehicles in the world, to invest in the state on Friday. The government claimed that the state was the best place…
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FinanceBusinessCountry
HDFC Life Insurance Received A Rs. 942 Billion GST Demand Notice.
by Team, Endocby Team, EndocWhy did HDFC Life Insurance receive a Rs. 942 billion GST demand notice? On Friday, HDFC Life Insurance received Rs. 942 billion GST demand notice for unpaid GST. The issue…
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BusinessFinance
Four Employees At TCS Are Fired After A Rs. 100 Billion Jobs-For-Bribes Scam
by Team, Endocby Team, EndocNot only are Indian startups being rocked by founders and workers embezzling cash from their own businesses, but scandals are now being uncovered at the biggest and most prestigious IT…
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FinanceCountry
Here Are The Main Takeaways from The June RBI MPC 2023 Minutes
by Team, Endocby Team, EndocThe Monetary Policy Committee of India left the repo rate same at 6.5% with the goal of removing accommodation in the policy stance. Risks are expected to be evenly distributed,…
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BusinessFinance
The Pricing Range for Ideaforge Technologies’ IPO Has Been Set To Be Raised To 567 Crore.
by Team, Endocby Team, EndocIdeaforge Technologies’ IPO, the largest drone manufacturer in India, will begin accepting subscriptions on June 26 for its Rs 567 crore ($76 million) initial public offering. The IPO will be…
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BusinessCountryFinance
Google Is Looking for Partnerships With Indian Vendors For The Manufacture of Pixel Devices In India.
by Team, Endocby Team, EndocAs part of its investigation into leveraging India as a centre for smartphone manufacturing, Google is in discussions with several Indian firms, notably Lava International, Dixon Technologies, and Foxconn’s Bharat…
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BusinessCountryFinance
Alumnus Nandan Nilekani Contributes ₹315 crore To IIT Bombay.
by Team, Endocby Team, EndocIIT Bombay received a donation of ₹315 crore ($42.7 million) from alumnus Nandan Nilekani, co-founder and chairman of Infosys and the founding chairman of UIDAI ($42.7 million). Nilekani, an institute…
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FinanceCountryTechnology
Online Transactions In India: How UPI Is Transforming How People Conduct Digital Transactions.
by Team, Endocby Team, EndocIn the year leading up to March, UPI processed 73% of non-cash retail payments in the nation. The platform has paved the way for the expansion of related financial services…
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According to Harsha Bangari Managing director of India Exim Bank, external factors would continue to influence India’s export performance since the global demand is still under pressure as a result…
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FinanceEducation
India’s Apple iPhones Exports Increased To 10,000 Crore In May.
by Team, Endocby Team, EndocAccording to Economic Times Apple’s iPhone exports from India allegedly increased to10,000 crore in May of this year. In accordance to the India Cellular and Electronics Association, smartphone shipments in…
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Finance
₹500 Notes Missing From The Indian Economy, Worth 88,032.5 Crore.
by Team, Endocby Team, EndocAccording to the annual report that the RBI published, there were 91,110 pieces of bogus 500-euro notes discovered in 2022–2023—a 14.4% rise from the previous year. A significant revelation was…
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BusinessFinance
Bharti Airtel May Issue Offshore Bonds For Up To $1 Billion
by Team, Endocby Team, EndocAccording to two persons with knowledge of the situation, Barclays, Standard Chartered Bank, and Citi are among the leading foreign banks in conversations with India’s second-largest telco over the possibility…
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Manappuram Finance has received a monetary fine of 20 lacks from the Reserve Bank of India for failing to comply with several NBFC regulations. Due to the NBFC’s failure to…
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Financescience and engineering
Nuclear Agreement To Be Signed Between PM Modi And President Biden
by Team, Endocby Team, EndocHoltec International’s Executive Chairman and CEO, Kris Singh, is optimistic that PM Narendra Modi’s next trip to the US would result in a nuclear agreement that will enable India to…
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BusinessFinance
Increasing Risks for The World As China Becomes A Powerhouse In Oil Refining.
by Team, Endocby Team, EndocAccording to the International Energy Agency’s medium-term oil market analysis China would be the primary driver of increased demand for crude oil and refined products, taking into consideration 51% of…
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FinanceLatest
High-Interest Rates On Bank Fixed Deposits (FDs) Cannot Endure for Very Long. Here’s Why.
by Team, Endocby Team, EndocIt’s possible that the period of growing fixed deposit (FD) rates is coming to an end, and the removal of 2000 rupee notes from circulation is seen to be a…
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FinanceBusinessLatest
TCS’s Q1 Net Profit Increased By 5.2% While Sales Increased By 16.2% Overall.
by Team, Endocby Team, EndocTata Consultancy Services Ltd (TCS) reported a 5.2% increase in net profit from a year earlier, falling short of analysts’ expectations as growing staff expenses drained profits despite strong demand.…
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LawFinance
Binance And It’s CEO Changpeng Zhao Are Accused of Violating U.S. Securities Laws By The SEC.
by Team, Endocby Team, EndocAccusations against Binance and its CEO for violating U.S. securities The Securities and Exchange Commission (SEC) has filed 13 accusations against Binance, the biggest cryptocurrency exchange in the world, and…
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Finance
Between January 2014 and March 2023, Indian Issuers Raised Almost $43 Billion In Green Bonds.
by Team, Endocby Team, EndocAccording to the most recent BloombergNEF data, domestic power producers made up close to 80% of the green bonds in India during the aforementioned time, with Greenko, ReNew, and Continuum…
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BBC has also admitted that it could have paid cheaper taxes than it should have. According to two CBDT officials who spoke to the Hindustan Times, a sister newspaper of…
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FinanceBusiness
The green energy sector in India will draw $800 billion in investment.
by Team, Endocby Team, EndocAccording to Bank of America, Indian corporations, international investors, and sponsors might invest $800 billion in India’s green energy sector over the course of the next ten years. According to…