RBI Meets Banks Amid Liquidity Strain Concerns
The Reserve Bank of India has scheduled a meeting with select primary dealers and banks. This move comes amid growing concerns over tightening liquidity in the banking system. The meeting…
ED Attaches Rs 3,084 Crore in Anil Ambani Money Laundering Case
The Enforcement Directorate has taken decisive action against Reliance Group Chairman Anil Ambani. Assets worth over Rs 3,000 crore have been attached in a money laundering investigation. This marks a…
Assam’s Services Sector Employment Declines to 30.1%
Assam’s services sector employment share has dipped over the last decade, according to a recent Niti Aayog report. As of 2023-24, 30.1% of the state’s workforce, or 5.1 million workers,…
India Secures Six-Month Chabahar Port Sanctions Exemption
India has received a significant six-month exemption from American sanctions affecting the Chabahar port in Iran. This development was confirmed by the Ministry of External Affairs during their weekly media…
India Aims to Dominate Global Rice Export Market
India is setting its sights on a major expansion in the global rice trade. The Indian Rice Exporters Federation has announced an ambitious goal to increase its market share significantly.…
PNB Housing Finance Reports 24% Profit Surge in Q2
PNB Housing Finance announced a robust 24% increase in net profit for the second quarter. The figure climbed to ₹582 crore, up from ₹470 crore in the same period last…
Indian Rupee and Bonds Await Fed’s Next Move
The Indian rupee and government bonds are set to react to the U.S. Federal Reserve’s upcoming commentary. This follows a widely anticipated rate cut, with markets keenly watching for guidance…
TReDS Adoption Lags in Tamil Nadu PSUs
Tamil Nadu’s push for timely MSME payments has hit a roadblock. Only 22 of over 60 state PSUs actively use the TReDS platform. This comes despite a government order making…
Top Indian Firms Add Rs 1.55 Lakh Crore in Market Value
The combined market valuation of seven of India’s top 10 most-valued companies surged by Rs 1,55,710.74 crore in a holiday-shortened week. This impressive growth was supported by a positive trend…
RBI Approves C S Rajan’s Reappointment at Kotak Mahindra Bank
The Reserve Bank of India has given its nod for C S Rajan’s reappointment as Part-Time Chairman of Kotak Mahindra Bank. This decision ensures continuity in the bank’s leadership structure.…