Indian

India’s financial markets regulator Securities and Exchange Board of India (Sebi) has cracked down on two YouTube channels for allegedly manipulating stock prices by...

Unacademy has laid off 12% of its workforce, or over 350 roles, in its latest round of layoffs — just over four months after cutting about 350 roles in November. Unacademy co-founder and CEO Gaurav Munjal announced the new layoff decision in a Slack post to employees. “We have taken every step in the right decision

A consortium led by Lifelong Group has acquired distressed firm GoMechanic, months after the Sequoia India-backed startup admitted “grave errors” in financial reporting. The New Delhi-headquartered Lifelong Group, which serves several major players in the automotive industry including Hero and General Motors, said it won the auction to acquire GoMechanic, whose investors scrambled to sell

Indian banks have managed to bring down non-performing loans (NPA) in two years, but their wilful defaults rose by 38.5%, or $11.4 billion.Read more...

Indian fashionistas at the Oscars...

Many considering opening bank accounts in GIFT City to deposit future dollar revenues...

Banks to review their investments/ loans to start-ups to rule out financial implications to their book ...