RBI probe found liabilities swelling, but capital eroding rapidly at RCap

The RBI had kept the firm in constant watch as part of its informal asset quality review, and carried out regular inspections

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Brokerages give thumbs up to Rakesh Jhunjhunwala-backed Star Health's IPO

Say it stands to benefit as market leader in health space, but risk of fresh Covid wave may weigh on profitability

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IT, Pharma may not provide the usual hedge if rupee weakens

There are concerns over margin and growth, which may weigh on sentiment

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Centre-Opposition relations on the boil; won't apologise, say errant MPs

While government-Opposition relations are unlikely to see a patch-up, a working solution might be thrashed out.

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TRAI begins consultation on 5G auction, seeks views on private networks

Consultation paper dwells on issues related to spectrum pricing, valuation methodologies, service roll out, cap on holding and upfront payment and moratorium terms for future auctions

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World's biggest junket operator Alvin Chau held, Macau casino stocks sink

The detention Chau marks the first time such a high-profile figure in the gaming industry has been targeted

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Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)

US-based ecommerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents. Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed. The date of allotment was October 26, 2021, it added. Amazon India did not respond to emailed queries. According to the documents, a significant share of the funds (over Rs 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd. The fresh funds will provide more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India. These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience. In Oct

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Shapoorji Pallonji's Joyville to invest Rs 300 cr to build 750 apartments

On operational performance, Mahadevan said the company has clocked a nearly three-fold jump in its sales booking at Rs 450 crore during the first half of this fiscal year.

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