TikTok and its parent company, ByteDance, have agreed to pay $400 million to settle a major US legal case concerning alleged violations of federal laws designed to protect children’s privacy online. The settlement, announced by the US Department of Justice, brings an end to litigation filed in 2024 that accused TikTok of failing to adequately...
Bank branches across India are closed on Saturday, August 22, 2026, as the date falls on the fourth Saturday of the month. Banks in India observe holidays on the second and fourth Saturdays every month, making August 22 a scheduled branch holiday. The closure means customers will not be able to access regular in-person services...
Indian benchmark equity indices ended lower on Monday, August 17, as persistent concerns over elevated crude oil prices and geopolitical tensions continued to weigh on investor sentiment. The decline extended the Nifty 50’s losing run to five consecutive sessions, while the Sensex also closed in negative territory after a volatile trading session. The BSE Sensex...
India’s Chief Economic Adviser V. Anantha Nageswaran has suggested that the government consider restoring a lower ethanol-blended petrol option, such as E10, alongside E20, as concerns continue to grow among vehicle owners over the nationwide shift to higher ethanol blending. Nageswaran made the recommendation in an opinion article co-authored with Akash Poojari, a consultant in...
The Securities Appellate Tribunal (SAT) has granted interim relief to Zee Entertainment Enterprises Ltd (ZEEL), allowing the company and its managing director and chief executive officer, Punit Goenka, to proceed with a proposed preferential issue of fully convertible warrants worth around ₹3,100 crore. The decision provides a crucial window for the company to complete a...
India’s proposed rules for implementing the SHANTI nuclear energy framework seek to establish strict conditions for the use of foreign reactor technology, requiring overseas designs to meet regulatory approval requirements and demonstrate operational experience before they can be deployed in the country. The draft framework is part of the government’s wider effort to expand nuclear...
Indian benchmark equity indices opened lower on Tuesday as elevated crude oil prices and renewed geopolitical uncertainty weighed on investor sentiment. The Sensex and Nifty came under pressure in early trading, with investors adopting a cautious approach amid concerns over developments surrounding the Strait of Hormuz and uncertainty over negotiations between the United States and...
The future of a potential stock market listing for Tata Sons remains uncertain as the Reserve Bank of India (RBI) prepares to release a revised list of Non-Banking Financial Companies classified under its Upper Layer (NBFC-UL) category. The central bank has indicated that the updated classification system will follow a more principle-based approach, raising questions...
A significant legal development has placed one of India’s leading fast-moving consumer goods (FMCG) companies under scrutiny after a court directed Dabur to stop using allegedly misleading “100%” claims on several of its products. The ruling highlights the increasing emphasis on truthful advertising practices and consumer protection, sending a strong message to companies about ensuring...
The US dollar witnessed a sharp decline against the Japanese yen on Monday after officials from both the United States and Japan confirmed their involvement in currency market interventions. The development triggered renewed attention among global investors over the stability of exchange rates and the possibility of further government actions to manage currency movements. The...