IndiGo and British Airways have launched a new codeshare partnership to improve connectivity between India and the United Kingdom. British Airways will add new flights to the existing IndiGo network through this codeshare, improving travel connectivity between India and the United Kingdom.
RBI approves HDFC Asset Management Company (AMC) to acquire up to 9.5% stake each in DCB Bank and Karur Vysya Bank. Approval is valid for one year and comes with the condition that HDFC AMC's shareholding in both banks should not exceed 9.5%.
Karur Vysya Bank is a Scheduled Commercial Bank, headquartered in Karur in Tamil Nadu.
TruCap Finance Limited (TRU) and HDFC Bank have joined forces for a co-lending partnership. TRU, a NBFC, specializes in gold and business loans. TRU will use its Lending-as-a-Service (L-a-a-S) model to provide credit solutions to underserved borrowers. The partnership focuses on offering MSME business loans and Gold Loans mainly to borrowers in in non-urban areas.
D.Y. Chandrachud announced the integration of the Supreme Court’s data with the National Judicial Data Grid (NJDG) portal, the flagship project of the e-Courts initiative, completing the full circle of merging all three tiers of the Indian judiciary on the portal.
NJDG-SCI portal would be updated in real-time and it would feature all details about the Supreme Court.
The Centre has agreed to present its mechanism for controlling the price of life-saving and essential drugs to the Supreme Court.
This decision was made in response to a petition filed by the All India Drug Action Network, represented by senior advocate Colin Gonsalves.
The petitioner said the formula promoted “super-profits in the guise of price control”.
Union Minister of Fisheries, Animal Husbandry and Dairying, Parshottam Rupala inaugurated the 2nd Edition of ICAR-CIBA's Shrimp Farmers Conclave-2023 at the Navsari Agricultural University Campus in Gujarat.
MoUs were signed between CIBA and the National Fisheries Development Board (NFDB), as well as CIBA and Fish Farmers Producer Organization(FFPO) of Gujarat.
The Centre formally launched the Skill India Digital app, which brings together listings for upskilling courses and job listings.
The app will be linked with DigiLocker and Aadhaar to issue verifiable certificates of course completion and to generate digitally signed CVs for job applicants and people taking courses.
The app was developed by the National Skill Development Corporation.
Governor Gulab Chand Kataria has launched the ‘Sarpanch Samvad’ app.
The app has been developed by the Quality Council of India (QCI).
QCI chairperson Jaxay Shah said the objective of this initiative is to provide comprehensive support to sarpanchs and foster their growth as leaders.
Quality Council of India was established in 1997.
Capital markets watchdog SEBI has imposed a penalty of Rs 1 crore on Money Classic for violating regulatory norms.
SEBI, through its order dated Aug. 7, 2019, conducted an inspection of Money Classic -- a SEBI-registered Investment Adviser (IA) -- during 2019-2020, as per rules. But the entity was not traceable and accordingly, the inspection could not be conducted.
Anti-trust watchdog Competition Commission of India has approved the stake acquisition by Blackstone and TPG in Quality Care India Ltd.
According to two separate releases, CCI said it has approved the acquisition of about 72.49% and 24.16% stake in Quality Care India Ltd. by BCP Asia II and Centella Mauritius Holdings Ltd, respectively.
The Asian Development Bank in its Asian Development Outlook September 2023, marginally lowered India's growth forecast to 6.3% for the current financial year from its earlier projection of 6.4% on account of slowing exports and the likely impact of erratic rainfall on agriculture output.
The forecast is retained at 6.7% for FY2024.
On inflation, the ADB report said, it moderated from 6.7% in 2022 to 5.5% in 2023.
IT major Tata Consultancy Services has entered into a strategic partnership with Norway’s national payment and electronic identity system BankID BankAxept to enhance the European country's financial infrastructure.
BankAxept is the national payment system in Norway, with 80% of card payments made using a BankAxept card.
The Reserve Bank of India (RBI) on September 21 said it has cancelled the licence of The Ananthasayanam Co-operative Bank Ltd, Trivandrum.
Further the RBI allowed it to function as non-banking institution under Section 36A(2) read with Section 56 of the Banking Regulation Act, 1949.
RBI has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance.
These penalties are: Rs. 6 lakh on the Citizens’ Co-operative Bank Ltd, Jammu, Rs. 11 lakh on HCBL Co-operative Bank Ltd, Lucknow, Rs. 1 lakh on Shree Warana Sahakari Bank Ltd, Kolhapur and Rs. 2 lakh on the State Transport Co-operative Bank Ltd, Mumbai.
State Bank of India has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open NRE and NRO accounts (both savings and current accounts) through its mobile app YONO.
This service is designed for NTB or 'new to bank' customers, providing them with ease and efficiency in the account opening process.