RBI approves First Loss Default Guarantee program between fintechs and partner banks, NBFCs
Jun 10, 2023, at 05:01 am
Mumbai: The Reserve Bank of India (RBI) has given its approval to the First Loss Default Guarantee (FLDG) program, media reports said.
IRDAI permits Go Digit Life Insurance to run life insurance business
Jun 10, 2023, at 04:37 am
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said that it has granted approval to Go Digit Life Insurance Limited to operate in the life insurance sector in India.
Jun 10, 2023, at 04:16 am
Lucknow: Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday said the concept of Universal Social Security is not good for developing economies like India, which need to work on economic growth to realise the aspirations of their citizens.
Jun 10, 2023, at 04:13 am
New Delhi: Enforcement Directorate (ED) on Friday issued showcause notices to Chinese mobile manufacturer Xiaomi and three banks for alleged foreign exchange violation of Rs 5,551.27 crore.
HPCL initiates pilot study on E27 Fuel and ethanol blended diesel fuel
Jun 10, 2023, at 03:07 am
New Delhi: Hindustan Petroleum Corporation Limited (HPCL) has launched a pilot study on vehicles using E27 fuel and Ethanol Blended Diesel Fuel.
SECI to sell 600 MW of wind power to GRIDCO Odisha
Jun 10, 2023, at 02:42 am
Bhubaneshwar: Solar Energy Corporation of India Limited (SECI) will sell 600 MW of wind power to GRIDCO Odisha under a Power Sale Agreement (PSA).
Hydroelectric: NHDC to construct 525 MW pumped storage project at Rs 4,200 cr in Madhya Pradesh
Jun 10, 2023, at 02:23 am
New Delhi: Narmada Hydroelectric Development Corporation Ltd. (NHDC Ltd.) will construct a 525 MW Pumped Storage Project near Indira Sagar Dam, Khandwa in Madhya Pradesh at a cost of Rs 4,200 crores.
Jun 09, 2023, at 08:36 pm
The Eurozone, which is a 2-nation bloc, fell into recession this winter, data released recently showed.
RBI keeps repo rate unchanged: Here’s what the banking and finance industry has to say
Jun 09, 2023, at 07:46 am
Mumbai: As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), after three days of deliberation, on Thursday kept the repo rate unchanged at 6.5%.
TransUnion CIBIL appoints V Anantharaman as chairman
Jun 09, 2023, at 06:19 am
Mumbai: Insights and information company TransUnion CIBIL Thursday announced the appointment of V Anantharaman as non-executive chairman.
Jun 09, 2023, at 06:13 am
Kolkata: Tata Power Renewable Energy Limited will set up 966MW RTC (Round-the-clock) hybrid renewable power for Tata Steel.
Indian Railways earns Rs 14642 cr from freight loading in May 2023
Jun 09, 2023, at 04:58 am
New Delhi: The originating freight loading of 134 MT was achieved in May 2023 against loading of 131.50 MT in May 2022, an improvement of nearly 2% over the last year, the Ministry of Railways said on Thursday.
Jammu Kashmir: 2-lane Jaiswal Bridge over river Chenab completed, says Nitin Gadkari
Jun 09, 2023, at 04:37 am
New Delhi: The construction of a 2-lane Jaiswal Bridge over the Chenab river on the Udhampur-Ramban section of NH-44 in Jammu and Kashmir has been completed, Union Minister Nitin Gadkari said on Thursday.
1st round table joint meeting between India and New Zealand held
Jun 09, 2023, at 04:14 am
New Delhi: The first round table joint meeting between India and New Zealand with the industry and industry associations of both countries took place today in New Delhi.
Coal Ministry issues vesting orders for 22 coal mines
Jun 09, 2023, at 03:58 am
New Delhi: The coal ministry issued vesting orders for 22 coal mines to successful bidders of coal blocks under a commercial coal mine auction here on Thursday.
Liberty General Insurance launches dedicated 24/7 helpline for Odisha train tragedy victims
Jun 08, 2023, at 08:24 pm
Kolkata:Liberty General Insurance has launched a dedicated 24/7 helpline for its policyholders impacted by the Odisha railway mishap.
RBI keeps repo rate unchanged at 6.5%
Jun 08, 2023, at 04:46 pm
Mumbai/UNI: Amid downward trend in retail inflation and staying in its target range, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday kept the repo rate unchanged at 6.5%.
LIC increases equity stake in Tech Mahindra to 8.8%
Jun 08, 2023, at 07:27 am
Mumbai: Life Insurance Corporation of India (LIC), the largest insurance company in India, has raised its ownership stake in Tech Mahindra, an IT services provider, through open market transactions.
RBI adds 8 new entities to alert list of unauthorised forex trading platforms
Jun 08, 2023, at 06:18 am
Mumbai: The Reserve Bank of India (RBI) Wednesday said it has included eight more entities and platforms to the alert list of unauthorised forex trading platforms.
SBM Bank India launches World Elite Metal Debit Card
Jun 08, 2023, at 06:05 am
Kolkata: SBM Bank India Wednesday unlocked exclusive, on-invitation access to the world of luxury with the launch of the SBM World Elite Metal Debit Card.
Jun 08, 2023, at 05:32 am
New Delhi: The Union Cabinet on Wednesday approved a metro connectivity project from HUDA City Centre to Cyber City with spur to Dwarka Expressway, Gurugram covering a distance of 28.50 km having 27 stations on the route.
Cabinet approves hike in MSP for kharif crops
Jun 08, 2023, at 05:19 am
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved a hike in minimum support price (MSP) for Kharif crops for marketing season 2023-24.
Cabinet approves continuation of exploration of coal and lignite scheme
Jun 08, 2023, at 04:55 am
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved the continuation of the central sector scheme of “Exploration of Coal and Lignite scheme” with an estimated expenditure of Rs 2,980 crore from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle.
Narendra Modi govt approves allotment of 4G-5G Spectrum to BSNL
Jun 07, 2023, at 11:30 pm
New Delhi: In a significant move, as part of the revival strategy, the Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday approved the third revival package for BSNL with the total outlay of Rs. 89,047 crore.
ICICI Prudential Life Insurance relaxes claims settlement process for Odisha train accident victims
Jun 07, 2023, at 07:03 pm
Mumbai: ICICI Prudential Life Insurance has relaxed the claim settlement process for the families impacted by the Odisha train accident, a press release said on Tuesday.
Jun 07, 2023, at 06:59 pm
Mumbai: Bajaj Allianz Life Insurance has implemented special provisions to address the needs of its policyholders affected by the tragic train accident in Odisha.
Govt mulling inclusion of refractories in PLI 2.0 for steel sector
Jun 07, 2023, at 07:37 am
The Indian government is considering the inclusion of refractories in the upcoming Production Linked Incentive Scheme 2.0 for the steel sector with the aim to increase the country's steel production capacity to 300 million tonnes by 2030, media reports said.
Govt lifts 40% procurement ceiling on tur, urad, and masur
Jun 07, 2023, at 07:11 am
New Delhi: The government on Tuesday announced the removal of the 40 percent procurement ceiling on three pulses--tur, urad, and masur-- under the price support scheme (PSS) for the crop year 2023-24 (July-June).
Sat Pal Bhanoo and R Doraiswamy recommended for the role of LIC MD
Jun 07, 2023, at 06:24 am
Mumbai: The Financial Services Institutions Bureau (FSIB) has put forth the names of Sat Pal Bhanoo and R Doraiswamy as its recommendations for the role of Managing Director at LIC of India, Moneycontrol reported.
Sequoia Capital splits, India business rebrands as Peak XV Partners
Jun 07, 2023, at 06:07 am
Mumbai: Sequoia India & Southeast Asia, a prominent venture capital firm, has undergone a rebranding and is now known as Peak VX Partners, media reports said.