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INDUSTRY

INDUSTRY

Cashfree is also in talks with various fintech firms for acquisition purposes

SBI-backed CashFree acquires majority stake in UAE-based payments firm, Telr

Nov 30, 2021

CashFree is also in talks to acquire fintech firms in India.

Reserve Bank of India

RBI imposes Rs 1 crore fine on Union Bank of India

Nov 29, 2021

Earlier this month, RBI has also imposed a monetary penalty of Rs 1 crore on State Bank of India, the country's largest PSB, for certain irregularities. 

After almost 67 years, the Tata Group had finally won the bid to take back the reins of state-owned Air India in October.

Committed to provide medical facilities to retired Air India staff: Govt

Nov 29, 2021

MoS Civil Aviation Gen VK Singh (retd) says the number of retired employees at Air India stands at 49,700, of which 29,400 opted for the post-retirement medical scheme.

Boosted by the development, the Kotak Mahindra Bank share is trading 3.21 per cent or Rs 63.70 up at Rs 2,028.4 on the NSE today.

LIC receives RBI approval to increase stake in Kotak Mahindra Bank to 9.99%

Nov 29, 2021

LIC's current stake in the private bank stands at 4.96 per cent; the RBI's approval is valid for a period of one year.

Through the pact, Capri Global and SBI will disburse MSME loans across over 100 touchpoints across India starting December 2021.

Capri Global ties up with SBI to offer MSME loans

Nov 29, 2021

The co-lending agreement aims to offer secured loans between Rs 10 lakh to Rs 100 lakh.

IndusInd Bank’s wholly-owned subsidiary BFIL is facing serious allegations of evergreening of loans by whistleblowers.

IndusInd Bank row: Shalabh Saxena, Ashish Damani resign; to assist the bank in the review of transactions at BFIL

Nov 29, 2021

Hinduja-owned IndusInd Bank says an international audit firm has been appointed to conduct an independent review of "anonymous complaints"; the BFIL board has deferred to relieve them until the probe completes.

The company has hiked the price of its plans by up to 21 per cent.

Reliance Jio follows Airtel, Vodafone Idea; hikes prices

Nov 28, 2021

Jio has hiked the prices of its plans by up to 21 per cent. The new rates would be applicable from December 1, it said in a release.

 Out of this proposed spend, CIL has planned to invest Rs 32,696 crore on coal evacuation, Rs 25,117 crore on mine infrastructure and Rs 29,461 crore on project development by 2023-24.

Supply of coal by Coal India to power sector up 23% in Apr-Oct

Nov 28, 2021

The supply of coal to the power sector by CIL during the last month also increased 21.7 per cent to 47.67 MT, over 39.17 MT in the year-ago period.

 After detailed deliberation, the Central Drug Authority recommended that the firm should submit additional data and information.

Govt panel seeks additional data from Serum Institute on Covovax

Nov 28, 2021

SII had put in an application to the DCGI in October for a grant of market authorisation of Covovax for restricted use in emergency situations.

Macrotech Developers had clocked a sales bookings of Rs 5,970 crore during the last fiscal year and is targeting to achieve Rs 9,000 crore in the current 2021-22.

Macrotech Developers looking to invest Rs 3,000 crore in Bengaluru

Nov 28, 2021

The company aims to increase its annual sales bookings by almost three times to Rs 20,000 crore by 2025-26.

The RBI's list of holidays can be divided into three categories, namely state-wise holidays, religious holidays, and festivals.

Bank holidays in December 2021: Banks to remain shut on these days; check full list here

Nov 28, 2021

All public and private sector banks will remain closed for 12 days in December including weekends, according to the RBI bank holidays list