The Reserve Bank of India (RBI) has announced that its rate-setting panel, the Monetary Policy Committee (MPC), will meet six times in the next financial year (FY24). The first meeting of the MPC is scheduled to take place from April 3-6, followed by meetings in June, August, October, December, and February 2024.
Sh. Sinha has been appointed as non-executive chairperson as well as an additional director in the capacity of non-executive, independent director, according to NDTV, now part of AMG Media Networks Ltd. Goenka has been named an additional director in the capacity of non-executive, independent woman director.
Goenka is the CEO and managing director of Welspun India Ltd.
New Delhi Television Limited (NDTV), Founders: Prannoy Roy, Radhika Roy.
The first pocket-sized swipe reader in India based on "Pin on Mobile" technology was introduced by Axis Bank. As the technological solution partner, the bank introduced “MicroPay” along with Ezetap by Razorpay and MyPinpad.
The bank describes the small, inexpensive card reader as a pocket-sized gadget that allows both "insert" and "tap" options for debit and credit cards.
The board of Housing Development Finance Corp Ltd approved the issue of redeemable non-convertible debentures worth Rs 57,000 crore in various tranches.
The board also approved an increase of HDFC’s borrowing capacity from Rs 6 lakh crore to Rs 6.5 lakh crore.
SJVN Ltd secured Rs 915 crore 'GREEN' finance from Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh & 100 MW Raghanesda solar project in Gujarat.
The SJVN & JBIC virtually inked the 'Facility Agreement' under Global action for Reconciling Economic growth and Environmental preservation (GREEN) programme of JBIC.
The Reserve Bank of India (RBI) imposed a penalty of Rs 30 lakh on Karur Vysya Bank for violating rules.
A Select Scope Inspection (SSI) of the bank conducted by RBI revealed that the bank failed to report a few accounts as frauds to RBI within a week of the respective Joint Lenders’ Forum (JLF) decision to do so.
Karur Vysya Bank headquarters: Karur in Tamil Nadu.
Shri B Ramesh Babu, MD & CEO of Karur Vysya Bank.
Amid global slowdown, India is likely to be one of major beacons of economic growth this year, consultancy major KPMG has said in its Global Economic Outlook report.
The growth will be driven by driven by strong domestic demand and government expenditure.
The govt-backed, National Hydroelectric Power Corporation, has announced to raise up to Rs.5,600 crore of debt during next financial year through corporate bonds.
The company in its stock filing, informed that the funds will be raised through issuance of corporate bonds in one or more series/ tranches on private placement basis and/ or raising of Term loans.
The meeting of the National Security Advisers (NSAs) of member countries of the Shanghai Cooperation Organisation (SCO) began in New Delhi today.
The meeting is being chaired by NSA Ajit Kumar Doval.
It is being attended in person by several high-level delegates from Central Asian Countries. Pakistan and China are also likely to attend the SCO-NSA meeting virtually.
Indian Institute of Technology Madras (IIT Madras) Researchers have developed a three-dimensional (3D) paper-based portable device that can detect adulteration in milk within 30 seconds.
The test could be even performed at home.
It can detect multiple substances commonly used as adulterating agents including Urea, detergents, soap, starch, hydrogen peroxide.
National Gallery of Modern Art, New Delhi for the first time will organise “Spring Fiesta” 2023, to celebrate 69 years of the museum which was officially inaugurated on March 29, 1954 by Vice President Dr. S Radhakrishnan.
The fiesta is the first of its kind and the audience will be captivated by a variety of creative products accessible for purchase at nominal prices.
India's overall exports have crossed an all-time high of $750 billion, Union Minister of Commerce Piyush Goyal said.
The country's exports have risen from $500 billion in 2020-2021 to this figure in extremely challenging times, he said, referring to adverse economic conditions globally due to a combination of factors including high inflation and war in Ukraine.
Deputy Governors Mahesh Kumar Jain, Dr. Michael Debabrata Patra, M. Rajeshwar Rao, Shri T. Rabi Sankar and other Directors of the Central Board – Satish K. Marathe, Prof. Sachin Chaturvedi, Pankaj Ramanbhai Patel, and Dr. Ravindra H. Dholakia attended the meeting. Ajay Seth, Economic Affairs Secretary, & Dr. Vivek Joshi Financial Services secretary were also present.
The meeting was held at Hyderabad under the Chairmanship of Shaktikanta Das,RBI Governor.
The State Bank of India has announced a donation of ₹48 lakh for the plantation of 32,000 tree saplings at Garden City University, Bengaluru, in association with an NGO, That’s Eco Foundation, as part of its corporate social responsibility.
The project is being implemented under Miyawaki Technique.