BENGALURU: Having received the approval of the Securities and Exchange Board of India (Sebi) last week, Paytm Money is all set to commence operations in the next six to eight weeks along with a dozen or so asset management companies (AMCs).

A $93 million dollar yacht belonging to liquor baron Vijay Mallya was seized in Malta after he failed to pay more than $1 million in wages to the crew members.

The 95-meter ‘Indian Empress’ was boarded by the port officials and was blocked from leaving the port as part of the legal action against him, reported the UK’s Guardian.

Amazon founder Jeff Bezos tops this year's Forbes World's Billionaires list with a record fortune of $122 billion.

Bezos' fortune increased by $39.2 billion in 2017 - the largest up move in anyone's net worth recorded by Forbes last year - dethroning philanthropist and Microsoft co-founder Bill Gates, whose net worth is calculated at $90 billion, Efe reported.

In a move that could go a long way in strengthening healthcare in Uttar Pradesh, the state Cabinet on Tuesday ratified a proposal mooting two years of government service for medical students studying in government-run medical colleges.

According to a government spokesman, for this, the students will have to now fill a mandatory bond during the medical education course.

Tata Motors Finance is restructuring its captive vehicle finance arm. It is trying to sharpen the focus on specific segments such as used vehicles, dealer and vendor finance.

As part of the move Tata Motors Finance, one of the largest financiers of new commercial vehicles, has converted itself into a core investment company (CIC) from a non-banking financial company (NBFC) which was into asset financing, after Reserve Bank of India approval.

Top two metro airports of India have emerged as top scorers in the ranking of the world's best airports. Delhi's Indira Gandhi International (IGIA) airport and Mumbai's Chhatrapati Shivaji International Airport (CSIA) have emerged as the winner among the world's best airports. According to Airport Service Quality (ASQ) ranking by the Airports Council International (ACI), an association of the world's airports, Delhi won the best airport award in 2017 for passenger service under the category of airports handling over 40 million passengers per annum (mppa).

Mumbai: Reliance Industries Ltd (RIL) has committed Rs 1.3 trillion worth of investments across five states in its non-energy businesses over the past two months. Though analysts worry that these investments may dilute its return on capital employed, RIL executives say it underlines the seriousness with which the company is pursuing opportunities in telecom and retail.

Auto major Tata Motors on Tuesday unveiled an electric concept with long range and class defining interiors as part of its plans to consolidate its green mobility portfolio.

Built on a modified OMEGA (Optimal Modular Efficient Global Advanced) EV architecture, the ‘E-Vision Sedan Concept’ is capable of attaining a top speed of 200 km/hr.

Israeli Prime Minister Benjamin Netanyahu said that Saudi Arabia had granted Air India permission to fly over its territory on its new routes to and from Tel Aviv.

There was no immediate confirmation from either Saudi officials or Air India. Mr. Netanyahu made the announcement during a briefing in Washington to Israeli reporters after he had met U.S. President Donald Trump.

Bitcoin, the popular cryptocurrency and global payment system, was trading today at $11.285.20 down by 1.29 percent on CoinDesk at the time of writing the report. The highest that Bitcoin price touched today is $11,658.87. This comes at a time when just days back the Bank of England had issued a warning about an imminent regulatory crackdown on the digital currency. Just a couple of days back, Bitcoin had crossed a psychologically important $11,500-mark.

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