- Saturday, March 01, 2025
By: Shubham Ghosh
Here are news in brief related to Indian economy and business for Friday, April 14, 2023:
The Securities and Exchange Board of India (Sebi) has come up with an interim order-cum-show-cause notice against Hyderabad-based Brightcom Group Limited and its directors for an alleged accounting fraud that involved manipulation of the company’s financial statements, India Today reported. The order has been served against the ad-tech firm, its chairman and managing director Suresh Kumar Reddy, Vijay Kancharla, Yerradoddi Ramesh Reddy and Y Srinivasa Rao.
Toyota Kirloskar Motor on Friday announced the introduction of an online retail sales platform called Wheels on Web (WOW) for Bengaluru region, the Hindu BusinessLine reported. Under the platform, customers will be able to book, buy and get delivery of their preferred models from their homes, the company said in a release. The platform will also provide real-time information about the status of their booked product, in order to enhance credibility, transparency, and confidence among patrons, the report added.
Masakallie, a high end luxury exhibitions brand is coming up with its first edition of its jewellery exhibition at Hyatt Regency, New Delhi on April 29 and 30, ANI/NewsVoir reported. Masakallie is a tailor-made exhibition that will showcase the latest and finest collection of jewellery. The exhibition features unique and exquisite designs, incorporating rare gemstones and precious metals, and showcasing the talents of both established and emerging jewellery designers. Surbhi Jain and Anjali Jain are the visionaries behind the upcoming Masakallie exhibition.
The government of the eastern Indian state of West Bengal is encouraging green and clean fuel in order to reduce emissions as a step towards embracing future mobility in the state, an official said on Friday, PTI reported. The state’s transport department secretary, Saumitra Mohan, said the government is also “proactive” in implementing emission norms effectively in the state. Speaking at an event organised by the Federation of Automobile Dealers’ Association in state capital Kolkata, Mohan said that the industry has been a key contributor to the economic progress of the country and an integral growth provider to the development process of Bengal.
India’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das said, asserting that the country’s banking system is resilient, stable and healthy, PTI reported. The RBI governor told a press conference here on Thursday that at the global level, the recent developments in the banking system in the US and in Switzerland, have once again, brought into focus the importance of financial stability and banking sector stability.
