Category: Business

Markets regulator Sebi on Monday imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender’s AT-1 bonds few years ago. Besides, the watchdog has imposed a fine of Rs 1 crore on Vivek Kanwar, who was the head of the private wealth management team, and Rs 50 lakh […]

U.S. Energy Secretary Dan Brouillette said on Monday that he blames activists for a pair of high-profile pipeline setbacks in recent days, including a court’s decision to force Energy Transfer Partners LP to close its Dakota Access crude oil pipeline over its environmental impact study. Asked during an interview on Fox Business Network if he […]

A U.S. court ordered the shutdown of the Dakota Access oil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and green groups who fought the major pipeline’s route across a crucial water supply for years. The decision by U.S. District Court for the District of […]

Nissan Motor Co (7201.T) has raised $7.8 billion in financing from its creditors since April as it tries to shore up its cash position in the face of falling sales due to the coronavirus pandemic, its latest annual securities report shows. In a filing to Japanese financial authorities on Monday, the automaker said it had […]

Data analytics company Palantir Technologies Inc said on Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public. The confidential submission relates to a proposed public listing of the Class A common stock, Palantir said in a statement, adding that the listing is expected to take place after […]

Grindr, the gay dating app valued at $620 million when it was sold recently by its Chinese owner, was approved for a $1 million to $2 million loan for small businesses suffering from the coronavirus outbreak, according to official U.S. data released on Monday. China’s Beijing Kunlun Tech Co Ltd sold West Hollywood, California-based Grindr […]

Four technology startups backed by SoftBank Group Corp’s $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday. Car-sharing startup Getaround Inc., which raised $300 million in a round led by SoftBank in 2018, was listed as approved for […]