The penalty of ₹84.50 lakh (Rupees Eighty four lakh fifty thousand) has been imposed as the bank failed to report as fraud to RBI certain accounts within seven days of the decision of the Joint Lenders’ Forum (JLF) to declare the accounts as fraud and recovered SMS alert charges from its customers on a flat basis rather than on actual usage basis.
WRI India has released a research paper titled “Assessing the Viability of Using Autorickshaws for Urban Freight Delivery in India,” which highlights the potential benefits of utilizing autorickshaws for both passenger and goods transportation.
World Resources Institute (WRI) was founded in 1982.
The Entrepreneurship Development Institute of India (EDII) has partnered with the State Bank of India Foundation (SBIF) for the skill development and training of 750 persons with disabilities (PwDs) under SBI’s Corporate Social Responsibility (CSR) project – Swavlamban. EDII will implement the project in Anand, Kheda, Gandhinagar, Ahmedabad, and Aravalli districts of Gujara
The first land port in Uttar Pradesh, close to the Rupaidiha border in Bahraich, is gearing up for its inauguration.
Situated around 184 km from Lucknow, the integrated check post has been developed to promote cross-border trade with Nepal and is set to welcome truckers and tourists frequenting the region.
The National Council of the Confederation of Indian Industry (CII) elected new office-bearers for the year 2023-24 on May 25. R Dinesh, Executive Vice Chairman of TVS Supply Chain Solutions, has been elected as the new CII president. Sanjiv Puri of ITC Limited has assumed the position of president-designate, and Rajiv Memani has been appointed as the vice president.
The Competition Commission of India (CCI) has cleared the deal involving the acquisition of securities of Acko Technology & Services by a Canada Pension Plan Investment Board's subsidiary and another entity. CPP Investment Board Private Holdings (4) Inc is a wholly-owned subsidiary of the Canada Pension Plan Investment Board (CPPIB).
Reliance Retail Ventures Ltd's subsidiary on Thursday said that it has acquired 51 per cent controlling stake in Lotus Chocolate Company.
The FMCG arm, Reliance Consumer Products Limited, is the wholly owned subsidiary of Reliance Retail Ventures Limited has acquired Lotus Chocolate company from Prakash P Pai, Ananth P Pai and other members of the current promoter and prom
The Ministry of Finance announced that a Rs 75 coin will be launched to commemorate the inauguration of the new Parliament building.
The ministry's notification states that the circular Rs 75 coin will have a 44mm diameter. It also announced that the coin will feature 'Parliament Complex' as inscription along with the new Parliament building's image on it.
India and the Asian Development Bank (ADB) have signed a $141.12 million loan to support the development of high-quality internal infrastructure such as roads, water supply systems and electricity distribution network in three industrial clusters in the state of Andhra Pradesh
Mukesh Ambani, CEO of Indian conglomerate Reliance Industries, has been selected as a member of the international advisory committee for the 28th session of the Conference of the Parties (COP28). The panel features 31 experts from across the global south who are policy makers, finance executives, and sustainability leaders, among others.
Reliance Consumer Products Ltd (RCPL), the fast moving consumer goods arm and a wholly-owned subsidiary of Reliance Retail Ventures Ltd (RRVL), on Friday announced its entry into the western snacking category with the launch of General Mills’ Alan’s Bugles brand of chips in India in a move that is set to give competition to PepsiCo and ITC.