Delhi: The Reserve Bank of India (RBI) has imposed a cumulative penalty of approximately Rs 3.7 crore on prominent payment system operators Visa Worldwide, Ola Financial Services, and Manappuram Finance for failing to adhere to regulatory requirements. The penalties are allocated as follows: Visa Worldwide Pte Limited has been fined Rs 2.4 crore, Manappuram Finance … Read more
Pune, July 26, 2024 — Quick Heal Technologies Limited, a prominent cybersecurity solutions provider, reported robust financial performance for Q1 FY25. The company achieved revenue of INR 70.3 crore, EBITDA of INR 2.6 crore, and PAT of INR 4.0 crore. Key Highlights: Revenue: INR 70.3 crore, a decline of 10% compared to Q4 FY24. EBITDA: … Read more
New Delhi, India – In a major crackdown on financial misconduct, the Enforcement Directorate (ED) has frozen assets worth ₹80.43 crore in an ongoing money laundering investigation involving the OctaFX trading platform. The operation included raids across four cities, targeting the company’s illicit financial activities. The ED’s investigation revealed that OctaFX and related entities allegedly … Read more
Bengaluru, India – Bengaluru has solidified its position as India’s largest real estate market, with an impressive 18,550 residential units sold in the last financial quarter, according to a report by the Real Estate Intelligence Service (REIS) of JLL Research. This milestone highlights the city’s growing appeal and robust demand in the real estate sector. … Read more
