Business

Name: thedailyguardian
Address: Delhi, News Delhi, 110065, IN
Telephone: +91-1161362085

PhonePe Unveils ‘Credit Line on UPI’, Boosting Payment Flexibility

22 Aug 2024 13:35 PM IST

PhonePe has introduced a new feature called ‘Credit Line on UPI,’ designed to enhance the convenience of transactions for its users. This feature allows consumers to connect their credit lines from banks to the Unified Payments Interface (UPI) on the PhonePe platform, enabling seamless merchant payments and further expanding the

Red Herring Prospectus Explained: Why It’s Crucial For IPO Investments

21 Aug 2024 16:43 PM IST

A Red Herring Prospectus serves as an initial disclosure document for potential investors, outlining key details about a company’s IPO. The term “red herring” highlights that while the prospectus includes substantial information about the company, certain specifics like the share price and issue size are yet to be finalized. This

Reliance Power Stock Jumps 22%, Achieves 52-Week High In Four Sessions

21 Aug 2024 13:41 PM IST

Currently, the stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs). The 14-day relative strength index (RSI) is at 67.82, indicating that the stock is nearing overbought conditions.

Flying Abroad? CBDT Clarifies When You Need A Tax Clearance Certificate

21 Aug 2024 13:15 PM IST

On August 20, the CBDT made it clear that Section 230 does not require all residents to secure a tax clearance certificate before traveling abroad. Instead, this requirement applies only in specific cases, such as when an individual is involved in serious financial irregularities or has outstanding direct tax arrears

RBI Governor Shaktikanta Das Earns ‘A+’ Rating In Global Finance Report 2024

20 Aug 2024 21:53 PM IST

RBI Governor Shaktikanta Das secures an ‘A+’ rating in the Global Finance Central Banker Report Cards 2024, marking his second consecutive year of top recognition.

HCL Tech Shares Dip As CFO Resigns, Shiv Walia Steps To Step In: What Investors Should Expect

20 Aug 2024 13:33 PM IST

HCL Technologies confirmed in a regulatory filing that Shiv Walia will take over as CFO at the close of business on September 6, 2024. This decision followed recommendations from both the Nomination & Remuneration Committee and the Audit Committee. Walia, who has been with HCL Tech since 1998, brings over

Rekha Jhunjhunwala Backed Style Baazar Set To Launch IPO This Week: Report

20 Aug 2024 11:49 AM IST

Baazar Style Retail backed by Rekha Jhunjhunwala, popularly known as Style Baazar, is set to launch its initial public offering (IPO) this week, as per reports. The company, which filed its draft red herring prospectus (DRHP) in May, plans to raise ₹185 crore through a fresh issue of equity shares.

Nothing CEO Ends Work From Home: Employees ‘Who Disagree’ Can Leave

20 Aug 2024 10:50 AM IST

In a bold move to accelerate growth and challenge industry giants like Apple, British smartphone startup Nothing is ending its remote work policy and requiring all employees to return to the office full-time. CEO Carl Pei announced the shift in a detailed email to the company’s 450 employees, emphasizing the

India’s Merchandise Exports Drop 1.5% In July; Trade Deficit Widens 23%

19 Aug 2024 18:20 PM IST

India's merchandise exports fell by 1.5% in July 2024, while the trade deficit widened by 23% to $23.5 billion. Rising imports and higher freight rates contributed to these changes.

India Expands ESG Debt Scope After Surpassing 2021 Issuance Record

19 Aug 2024 17:02 PM IST

India is set to expand its ESG debt market by introducing new sustainable finance products, including social bonds and sustainability-linked bonds, after surpassing its 2021 issuance record.

Ted Baker To Close Remaining UK Stores, Over 500 Jobs At Risk

19 Aug 2024 10:47 AM IST

Ted Baker is closing its last 31 UK stores, risking over 500 jobs, after struggling with financial losses and competition. The brand will continue through wholesale partners like John Lewis. Acquired by Authentic Brands Group in 2022, Ted Baker's UK arm faced significant challenges, leading to its current decline.