Adar Poonawalla opined that the original promoters of the company (Sanjay Chamria, promoter of erstwhile Magma Fincorp) were willing to sell their stake in Poonawalla Fincorp and he would buy their stake along with other investors. Poonawalla further added that the company's MD, Abhay Bhutada’s resignation is an unfortunate incident. However, his exit would not affect business.

China Evergrande Group is confident the company will tide over its darkest moment and deliver property projects as pledged. IIn the letter, coinciding with China's mid-autumn festival, Hui Ka Yuan, chairman of the debt-laden property developer, also said Evergrande will fulfil responsibilities to property buyers, investors, partners and financial institutions.

Dish TV has decided to postpone its annual general meeting (AGM), as the company needs regulatory and other permissions for the proposed change in the board. The move comes after Yes Bank, which holds a 25.63% stake in the firm, had urged the removal of its managing directors and four board members. After this notice, the company has also made necessary applications to the lenders seeking change.

The Delhi High Court on Monday inquired the government's response to a petition that urged comprehensive policy to stem the circulation of false information. It included stocks on social media platforms that could result in share prices tanking and harm the reputation of a company. On a petition filed by Easy Trip Planner, the HC directed other social apps to take down all misleading contents.

Gold prices were low on Tuesday as investors fostered a risk-averse stance amid caution prior to US Federal Reserve's policy meeting where the central bank is supposed to provide tips on when it will begin reducing its asset purchases. Bullion is considered as a hedge against inflation and currency debasement likely resulting from the widespread stimulus.

Cryptocurrency prices remained in the red on September 21. The global cryptocurrency market cap is at Rs 138.43 lakh cr, a 9.8% decline since yesterday, while the total crypto market volume over the last 24 hours is Rs 11.28 lakh cr , which makes a 83.21% hike. Bitcoin's price is currently Rs 34,24,116 and its dominance is currently 42.47%, a drop of 0.06% over the day.

Didi Global Inc co-founder and President Jean Liu has told some dear companions that she plans to quit as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year. Liu, 43, has in recent weeks told some associates that she expected the government to eventually take control of Didi and appoint new management.

Robinhood Markets Inc is experimenting with a new crypto wallet and cryptocurrency transfer features for its app which would enable customers to send and receive digital currencies such as bitcoin. A beta version of its iPhone app revealed the company's work on such features, the report said.

Quick service restaurant chain Wow! Momo bagged $15 mn led by Tree Line Investment Management in a Series C round of funding at a valuation of $175 mn. Indian Angel Network and Lighthouse Funds, existing investors of the company also participated in the round. The fresh funds will be used to extend the newly launched fast-moving consumer goods business, besides the expansion of business.

Days after managing director Abhay Bhutada quit watching the Sebi move on insider trading in erstwhile Magma Fincorp shares, advisory and consulting major KPMG India on Monday fired the services of one of its partners, Saumil Shah. The move came after Shah was named in the Sebi investigation into the insider trading at Magma, now renamed Poonawalla Fincorp after it was taken over.

The petrol and diesel prices were stable on the 16th consecutive day on September 21, as per the price notification by state-run oil companies. Petrol price in Delhi was retailed at Rs 101.19 a litre and diesel to Rs 88.62 per litre. The prices were unchanged on September 16 in the national capital. In Mumbai, fuel prices observed a similar trend.

PGIM India Mutual Fund today acquired 500,000 shares of Kolte-Patil Developers at Rs. 314.4 apiece via a bulk deal on the National Stock Exchange. Sideways, Kuber India Fund sold 113,468 shares of Windlas Biotech at Rs. 379.7 apiece via a bulk deal on the NSE. Meanwhile, Vikasa India EIF Fund bought 5.79 million shares of Visa Steel at Rs. 10.25 per share through a bulk deal.

With the State Bank of India, the lead banker in the consortium of lenders running the National Company Law Appellate Tribunal (NCLAT) on behalf of the committee of creditors looking for fresh bids for the bankrupt Videocon Industries, the appellate tribunal on Monday inquire a reply from the successful bidder Twin Star Technologies. The matter will now come up for hearing on September 27.

The Supreme Court on Monday dismissed a petition by the Federation of Hotels and Restaurants Associations of India looking for direction to the government to bear the financial burden — such as loan restructuring and interest subvention — on all loans till the sector returns to its normal functioning after the pandemic.

The boss of a Shanghai-based property developer lost over a billion dollars Monday, as tensions over the potential collapse of Chinese real estate giant Evergrande created panic across Hong Kong trading floors. Zhang Yuanlin, chairman of Sinic Holdings Group, saw his net worth declined from $1.3 bn Monday morning to $250.7 mn by the afternoon.