World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse and Violence, observed annually on November 18th, is a global initiative to raise awareness about the devastating impact of child sexual exploitation, abuse, and violence and to advocate for prevention and healing measures.
The Reserve Bank of India has tightened norms for unsecured personal loans for banks and non-banking financial companies. RBI in a circular said that it has been decided to increase the risk weights in respect of consumer credit exposure of commercial banks, both outstanding as well as new, including personal loans.
Prime Minister Narendra Modi inaugurated a global centre for excellence for the Global South countries called DAKSHIN. The Prime Minister noted that he had proposed setting up the centre during the first Voice of Global South Summit in January this year. India will host the 2nd Voice of Global South Summit in a virtual format, in what will be the second time since Ja
SVF Doorbell, an investment arm of Japanese investment major Softbank, sold 2.49 per cent stake in logistics firm Delhivery.
It sold 18.3 million shares at Rs 404 apiece to mop up Rs 739 crore. In March, SVF had sold 3.85 per cent stake in Delhivery at Rs 340.8 apiece to raise Rs 954 crore.
Larsen & Toubro (L&T), India's renowned construction and engineering giant, has encountered a financial setback as Qatar's income tax authorities imposed penalties amounting to Rs 238.95 crore. The penalties consist of Rs 111.31 crore and Rs 127.64 crore, respectively, and are attributed to alleged discrepancies in the income declared by L&T in comparison to the assessment.
OpenAI, a leading artificial intelligence research organization, has announced the immediate appointment of Mira Murati as interim CEO following the removal of Sam Altman. The board made the decision to oust Altman after a review process revealed he had not been fully transparent, impeding the board's oversight responsibilities.
The Reserve Bank has imposed monetary penalties on Manappuram Finance and Anand Rathi Global Finance for deficiencies in regulatory compliance. RBI imposed a monetary penalty of ₹20 lakh on Anand Rathi Global Finance Limited, Mumbai, for non-compliance with certain provisions of the Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016.
Eight individuals of Indian origin, including World Bank President Ajay Banga and Ola Electric co-founder Bhavish Aggarwal, have been recognized in Time magazine's inaugural 'Time 100 Climate' list. This list highlights influential leaders driving real climate action in various fields.
Net foreign direct investment (FDI) in India, inflows minus outflows, declined sharply in April-September 2023 to $4.5 billion from $19.6 billion in the same period last year, due to a moderation in global investment activities and a rise in repatriation. Artificial intelligence (AI) has emerged as a major area of interest for FDI investors.
The Reserve Bank of India imposed a monetary penalty of ₹90.92 lakh on Axis Bank Ltd for non-compliance with certain directions issued by the apex bank on ‘Reserve Bank of India (Know Your Customer Directions, 2016’, ‘Loans and Advances – Statutory and Other Restrictions’, ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks.
S Venkitaramanan, former Governor of RBI, passed away after a brief illness. Venkitaramanan was the 18th Governor of RBI. He served for a period of two years, from 1990 to 1992. Earlier, he served as Finance Secretary in the Ministry of Finance, from 1985 to 1989.