RBI Imposes Rs 1.45-Crore Penalty on Central Bank of India; Details Here
RBI imposes fines on Central Bank of India and Sonali Bank PLC. The RBI conducted Central Bank of India’s Statutory Inspection for Supervisory Evaluation (ISE 2022) with reference to its financial position as on March 31, 2022. The Reserve Bank…
India’s Trade Deficit Widens to 7-Month High to $23.78 Billion in May 2024; Exports Grow 9.1%
During April-May 2024, India’s merchandise exports during April-May 2024 were $73.12 Billion as compared to $69.57 billion during April-May 2023. India’s merchandise imports were at $61.91 billion in May 2024, which is 7.7 per cent higher as against $57.48 billion…
Ambuja Cements Acquires Penna Cement at Valuation of Rs 10,422 Crore; Details Here
The acquisition will improve Ambuja Cement’s share in the cement market pan-India by 2 per cent and 8 per cent in south India. Ambuja will acquire 100 per cent shares of Penna Cement Industries Ltd (PCIL) from its existing promoter…
Tata Consumer Products Aspires to Be A Full-Fledged FMCG Co, to Double Capex to Rs 785 Crore in FY25: N Chandrasekaran
TCPL Chairman N Chandrasekaran says it will double the capex in the current fiscal. Tata Chairman N Chandrasekaran — also the Tata Sons Chairman — says Tata Consumer Products Ltd will consider further acquisitions to fuel growth depending on the…
US Fed Keeps Key Lending Rate Unchanged, Sees Just One Cut This Year
Last Updated: June 12, 2024, 23:44 IST Washington D.C., United States of America (USA) Fed officials also raised their inflation forecasts for 2024 and kept their growth outlook unchanged. (Photo: AP file) The announcement suggests that central bank officials remain…
Need Cash? Thanks To IRDAI New Rules, Now Loan Facility Mandatory for Life Insurance Policies
Irdai said that this is an important step in the series of reforms taken up by the insurance regulator with interests of the policyholders at the core. Irdai said the free look period, which provides time to review the policy…
Piyush Goyal Takes Charge of Commerce Ministry
Union minister Piyush Goyal. (News18) Piyush Goyal also reviews the working of the two departments – commerce and DPIIT with all the senior officials Senior BJP leader Piyush Goyal on Tuesday took charge of the Commerce and Industry Ministry and…
Sebi Recruitment 2024: Market Regulator Invites Application For 49 Officers, Check Key Dates Here
Formed by the government in 1988, Sebi was given statutory powers following the passage of the Sebi Act in 1992. (Representative image) Sebi has initiated the process to hire 49 officers in different departments this year Securities and Exchange Board…
Centre Authorises Release Of Rs 1.39 Lakh Cr Tax Devolution To States for June
Published By: Pragati Pal Last Updated: June 10, 2024, 23:48 IST Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year. (Representational Image) It was decided that apart from…
Cognizant To Acquire Belcan For $1.3 Billion: Report
Published By: Business Desk Last Updated: June 10, 2024, 17:40 IST Cognizant has cut its annual revenue forecast in the range of $18.9 billion to $19.7 billion, below prior expectations of $19.0 billion to $19.8 billion. (Representative image) Cognizant, with…