India's manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than in May, supported by robust demand despite higher inflationary pressures.
Reserve Bank of India imposed a monetary penalty of Rs 65 lakh on AP Mahesh Co-operative Bank after the RBI's thorough cyber audit and the Hyderabad police investigation revealed the bank's significant "lapses" which led to the breach pertaining to the case wherein hackers breached the bank's systems through phishing mails and siphoned off Rs 12.48 crore in January 2022.
Cooperative body National Cooperative Union of India (NCUI), partnered with Google Cloud to launch its e-commerce application for Indian cooperatives. The launch took place at the two-day 17th Indian Cooperative Congress (ICC) on July 1-2, 2023 in New Delhi.
Punjab National Bank (PNB) has partnered with Gujarat Cooperative Milk Marketing Federation Ltd.(GCMMFL), known as AMUL to provide small-ticket Mudra loans to Amul's dealers. Through small-ticket financing under the Mudra Scheme, PNB will also offer financial support to Amul's retailers, wholesale dealers/area milk distributers and exclusive Amul Preferred Outlets.
Kameshwar Rao Kodavanti has taken over charge of chief financial officer (CFO) of State Bank of India (SBI) with effect from 1 July 2023.
Kodavanti, a qualified Chartered Accountant (CA) has been working with SBI Since 1 August 1991 and has more than 31 years of experience in banking.
Mr. Kodavanti replaces Charanjit Surinder Singh Attra.
State Bank of India (SBI) has launched 34 Transaction Banking Hubs in the top 21 district centres across the country to provide customers with quick and efficient transaction banking solutions.
India’s largest bank said its goal is to meet all customer needs and provide comprehensive solutions for their transaction, payment, and collection requirements under one roof.
Dinesh Kumar Khara, Chairman, SBI
Debadatta Chand assumed charge as Managing Director and Chief Executive Officer of Bank of Baroda (BoB) with effect from July 1, 2023.
His appointment follows superannuation of Sanjiv Chadha from the service of the Bank on 30th June 2023 on completion of his tenor as Managing Director and CEO.
India Post has entered into an agreement with Canada Post to introduce International Tracked Packet Service between two countries to facilitate e-commerce exports.
India Post already provides ITPS service with 38 partner countries and Canada will be the 39th.
The New Mangalore Port (NMP) achieved a milestone of vessel call by the highest ever parcel size of 2,689 TEUs (Twenty Equipment Units).
The record was set with the arrival of MSC Makoto II,' a Panama-flagged container vessel, at NMP Berth No.14 today, carrying 1,210 TEUs of import containers and 1,479 TEUs of export containers.
France has offered full transfer of technology (ToT) for the co-development of a new 110KN high-thrust jet engine to power the AMCA Mk-2 fifth generation stealth jet. This comes after India signed an historic deal for the co-manufacture of General Electric GE F-414 jet engines in India with eighty percent ToT .
Tokyo Olympic Silver medalist Mirabai Chanu headlines the India Weightlifting team for the upcoming Asian Games.
The four-member also includes the Commonwealth Gold medalist Bindyarani Devi. Mirabai will participate in the 49 kg category, while Bindyarani will feature in the 55 kg.
States in India’s north-east holding rich hydropower potential may get central grants to pick equity stakes in hydropower projects under a new policy.
The government has appointed Lt Gen M U Nair as the new National Cybersecurity Coordinator (NCSC). Lt Gen Nair, who assumed the role of the 28th Signal Officer-in-Chief in July 2022, brings with him experience and expertise in the field of cyber warfare, signal intelligence, and communication and information technology.
He is the third cyber security chief after Lt Gen Rajesh Pant and 1st chief Gulshan Rai.
The Ministry of Women and Child Development (MWCD), Government of India organized a one day Regional Symposium on Child Protection, Safety and Child Welfare today at Vigyan Bhawan, New Delhi.
There were nine participating states of Himachal Pradesh, Punjab, Haryana, Uttarakhand, Uttar Pradesh and UTs of Delhi, Chandigarh, Jammu & Kashmir and Ladakh.
In a significant development at the ongoing FAO Conference in Rome, Qu Dongyu has been re-elected unopposed as the head of the United Nations’ Food and Agriculture Organization (FAO) for the period 2023-2027.
After more than two decades, India has managed to bring home the offshore-traded Nifty from Singapore, with the erstwhile SGX Nifty, rechristened Gift Nifty, to be traded for the first time on Monday at 6:30am at Gift City in Gujarat.