Hiral

Not due to phishing: WazirX Co-founder Nischal on hackers stealing ₹1,965 crore

WazirX Co-founder Nischal Shetty clarified that the platform didn't lose ₹1,965 crore to hackers due to a phishing link. "We are certain that hardware keys of any of the 3 WazirX wallets were NOT compromised," he explained. Phishing is a type of cyberattack in which attackers use emails or texts to trick people into sharing sensitive data or downloading malware.

Jul 21st, 2024

Not due to phishing: WazirX Co-founder Nischal on hackers stealing ₹1,965 crore

Hiral

Anupam and Anshu Dhanuka, the husband-wife duo who founded Kiddopia, are set to earn ₹300 crore after selling their stakes to Nazara Technologies. Nazara has said it will acquire the remaining 48.42% stake in Kiddopia's parent Paper Boat Apps in an all-cash deal. The Dhanukas founded the subscription-based app designed for children aged 2 to 7 over a decade ago.

Jul 21st, 2024

Husband-wife duo earn ₹300 crore after selling Kiddopia stake to Nazara

Debaroti Adhikary

Markets are currently frothy, hence it could be an opportune time to take some money off the table, said Complete Circle Capital Co-founder Kshitiz Mahajan. "It's a good time to book some profit from funds that have run up without earning guidance," he said. "A multi-cap fund or a balance advantage fund would be good to participate in," said Mahajan.

Jul 21st, 2024

Take some money off the table, markets are frothy: Kshitiz Mahajan

Debaroti Adhikary

Association of Mutual Funds in India (AMFI) on Saturday said five asset management companies reported disruptions due to the global Microsoft Windows outage, adding that issues were resolved later. On Friday, Edelweiss Mutual Fund stated that there were login issues on their website. Several other brokerages, including 5paisa, IIFL Securities, Motilal Oswal and Angel One, were also affected.

Jul 21st, 2024

Edelweiss, IIFL among Indian MF firms affected by Microsoft outage

Ashley Paul

A 71-year-old man has been jailed for three years for criminal breach of trust for not returning ₹1.39 crore to investors. The accused, car dealer Dhirajlal Damania, borrowed money from people to invest in one of his companies in 1997 and promised 18% returns/annum. Damania's firm paid interest till 2000 but stopped doing so after saying it had closed down.

Jul 21st, 2024

71-yr-old man jailed for 3 yrs for cheating investors of ₹1.4 cr

Debaroti Adhikary

Lalit Bhasin, an independent director at Godfrey Phillips, has refuted allegations of assault made by Samir Modi against him and his mother Bina Modi. "This is something personal. Defamatory, libellous, outrageous allegations have been made against me," Bhasin told Economic Times. These are the first public comments made by any of the company's independent directors amid ongoing shareholder fight.

Jul 21st, 2024

Outrageous: Bhasin on Samir Modi's assault claims against him, mother Bina

Pragya Swastik

At a recent event, SEBI Chairperson Madhabi Puri Buch said, "The ₹250 a month SIP would not only be real, but it would be hugely profitable for our industry." She added, "We will see financial inclusion along with industry profitability." She also said, "The 'sachetisation' of Mutual Fund products will lead the industry's growth in the next three years."

Jul 21st, 2024

₹250 a month SIP to be viable soon: SEBI chief Madhabi Puri

Debaroti Adhikary

Shares of Mold-Tek Packaging, Banco Products, GMM Pfaudler, Windlas Biotech, Fiem Industries, Borosil, Uniparts India, Bharat Bijlee, MAS Financial Services, KP Energy, Protean eGov Technologies and Borosil Scientific were among the top micro-cap stock picks by portfolio managers. Micro-cap stocks are a category of stocks that represent companies with a relatively small market capitalisation.

Jul 21st, 2024

Which are the top micro-cap stocks experts picked in June?

System User

Tata Group-owned Air India is expected to not renew the contracts of approximately 300 non-flying employees following the fitment exercise in preparation for the Air India-Vistara merger. These employees have not been assigned roles and are not eligible for voluntary retirement schemes offered to permanent staff.

Jul 21st, 2024

300 Air India employees will be fired due to merger with Vistara

System User

IT firms in Karnataka have proposed extending the workday to 14 hours, a move met with strong opposition from employee unions citing health risks and potential layoffs. The Karnataka government is considering amending the Karnataka Shops and Commercial Establishments Act, 1961, to accommodate this demand. Employee unions urge the government to reject the proposal, calling it inhumane.

Jul 21st, 2024

Inhuman: IT employees as IT firms seek 14-hour work day

Popular BizShortz


Recommended Topics

© yugma 2024

Google Play and the Google Play logo are trademarks of Google LLC.

Apple and the Apple logo are trademarks of Apple Inc.