RBI slaps fines on IDFC First Bank and LIC Housing Finance for non-compliance
Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.
Global food prices grow first time in 7 months
Global food prices experienced a surge in March, marking the first increase since July, driven mainly by the rise in cooking oil prices, even as the costs of grains continued to decrease, stated the UN's Food and Agricultural Organization on Friday.
Air India recruited over 5,700 staff members in FY24 as part of its f-yr revival plan
Mumbai: Air India recruited over 5,700 staff members, with over 3,800 comprising the flying crew in the FY24, as a component of its five-year revival strategy aimed at restoring the airline's fortunes, media reported citing the airline's statement.
Bandhan Bank MD & CEO Chandra Shekhar Ghosh to step down in July after completion of tenure
Mumbai: Bandhan Bank Managing Director and Chief Executive Officer Chandra Shekhar Ghosh will step down from his current role when his tenure concludes on July 9, 2024, the bank announced on Friday.
RBI keeps repo rate unchanged in line with market expectations
Mumbai: The Reserve Bank of India on Friday kept the key interest rates unchanged at 6.50 percent, in line with the market expectations.
The BSE Sensex on Friday ended almost flat at 74248.22, rising 20.59 pts as Realty, Bankex and FMCG stocks rose.
Bandhan Mutual Fund unveils Bandhan Innovation Fund
Bandhan Mutual Fund has announced the launch of Bandhan Innovation Fund, an open-ended thematic fund dedicated to investing in companies at the forefront of innovative breakthroughs.
Rupee most stable compared to peers due to strong fundamentals of Indian economy: RBI
New Delhi/UNI: The Indian currency (INR) was the most stable among major currencies during the past three years and this reflects sound economic fundamentals of the Indian economy, says the Reserve Bank of India.
Byju's founder, whose net worth was Rs. 17,545 crore a year ago, no longer a billionaire
Mumbai/IBNS: Indian multinational educational technology company Byju's founder, Byju Raveendran's net worth is now zero, a year after he had Rs. 17,545 crore a year ago.
RBI keeps repo rate unchanged at 6.5%, projects 7% growth for FY25
New Delhi/UNI/IBNS: Considering various factors both in the domestic and global markets, the Reserve Bank of India Friday projected 7 percent growth for Indian economy for FY25. RBI governor Shaktikanta Das said after three days of deliberations, the Monetary Policy Committee unanimously decided to keep the key interest rates unchanged at 6.50 per cent.
Apple plans to cut 614 workers in California
Tech major Apple has decided to lay off 614 workers in California, marking the first significant round of job cuts since pandemic, media reports said.
CBDT enables taxpayers to file returns from Apr 1
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday said it has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024–25 (relevant to Financial Year 2023–24) from April 1, 2024, and onwards.
Swiggy appoints Suparna Mitra as an Independent Director to its Board
Kolkata: Swiggy on Thursday announced the appointment of Suparna Mitra as an Independent Director to its Board.
Sensex recovers over 500 points
Mumbai/UNI: The BSE Sensex on Thursday smartly recovered by 537 points to open at 74413.82 on the strength of industrials, IT, telecommunications, and utilities stocks.
RBI's 3-day MPC meeting starts
Mumbai: The Reserve Bank of India's Monetary Policy Committee has started its three-day meeting on Wednesday to deliberate on interest rates and analyze the state of the economy.