Ranganathan Madhavan has been nominated as the new president of the Film and Television Institute of India (FTII) and chairman of its governing council. He will replace noted filmmaker Shekhar Kapur.
The FTII Society, headed by the FTII chairman, has 12 nominees of whom eight are nominated under the 'Persons of Eminence' category, while four are FTII alumnus.
Bajaj Auto Consumer Finance, the wholly-owned subsidiary of Bajaj Auto, has received the Certificate of Registration from the RBI to commence the business of non-banking financial services, the company notified the exchanges.
Shares of the company rose 1.8 per cent to touch an intraday high of ₹4,699 on the NSE. The stock later pared some gains to close 0.8 per cent higher
The National Council of Educational Research and Training (NCERT) has been granted deemed university status.
Education Minister Dharmendra Pradhan made this announcement while attending the 63rd Foundation Day Celebration Programme of NCERT in New Delhi.
He also announced that Bal Bhavan will be merged with NCERT soon.
Indian-origin Economist and Former Senior Minister Tharman Shanmugaratnam has registered a landslide victory in Singapore's Presidential election.
The Minister won over 70 percent of votes in the country's first contested presidential polls since 2011. Sixty-six-year-old Tharman Shanmugaratnam had served as Singapore's Deputy prime minister from 2011 to 2019.
Reserve Bank of India Governor Shaktikanta Das has been rated A in Global Finance’s Central Banker Report Cards 2023.
Mr. Das has been placed at the top of the list of three Central Bank Governors, by US-based Global Finance magazine.
He is followed by Switzerland’s Thomas J. Jordan and Vietnam’s Nguyen Thi Hong.
NTPC Limited and Oil India Limited have signed a Memorandum of Understanding, to explore collaboration in the areas of renewable energy, green hydrogen and its derivatives, and decarbonization initiatives including through use of geothermal energy.
The MoU shall also facilitate sharing of knowledge and experience on upcoming decarbonisation technologies.
The Competition Commission of India (CCI) approved the merger of Tata SIA Airlines into Air India, subject to certain conditions.
As part of the merger transaction, SIA shall also invest Rs 2,059 crore in Air India.
Post the consolidation, SIA shall hold 25.1% shareholding in Air India.
The government launched a new scheme called ‘mera bill mera adhikaar’ to encourage consumers to insist on invoices at the time of purchase.
The scheme introduced in Haryana, Assam, Gujarat and the union territories of Dadra and Nagar Haveli, Daman and Diu and Puducherry offers consumers a chance to win ₹1 crore, ₹10 lakh and ₹10,000 as incentive.
In the Global Macro Outlook 2023-24 (August update) report, Moody’s Investors Service has raised India’s growth projection for the 2023 calendar year to 6.7% citing upside to growth performance helped up robust underlying economic momentum.
The global rating agency, however, lowered 2024 growth forecast to 6.1% from 6.5%, citing a high base of 2023.
Securities and Exchange Board of India (SEBI) has proposed the establishment of an independent body known as the 'Performance Validation Agency (PVA)' to verify performance claims made by SEBI-registered entities.
The proposal aims to allow registered intermediaries to disclose their performance to investors while ensuring safeguards against unsubstantiated claims.
Public sector banks in India have partnered with technology firm Veefin Solutions Ltd to offer supply chain financing for micro, small and medium enterprises (MSMEs) on a cloud-based platform.
The collaboration, facilitated by PSB Alliance, a group of public sector banks, aims to bridge the estimated Rs 20-25 trillion ($270-340 billion) credit gap for MSMEs.