According to the exchange filing made by the company,  it has been informed that Rec Ltd has received "No Objection Certificate" from the Reserve Bank of India (RBI) for setting up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International
Posted Date :  04-05-24

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The Reserve Bank of India has approved the reappointment of Atanu Chakraborty as the part-time Chairman of HDFC Bank for a period of three years starting from May 5, 2024, to May 4, 2027. Chakraborty has vast experience in the Union Government and has held various positions, including the Secreta
Posted Date :  04-05-24

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The Government of India has recently introduced a Floating Rate Bond (FRB) that will mature in 2034. The Reserve Bank of India (RBI) has announced an interest rate of 8% for the Floating Rate Savings Bond (FRSB) 2034. This bond offers an adjustable interest rate that changes every six months based o
Posted Date :  04-05-24

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According to the circular, these Directions lay down revised regulatory dispensations for changes in the date of commencement of commercial operations (DCCO) of such projects in the backdrop of a review of the extant instructions and analysis of the risks inherent in such financing. These Directi
Posted Date :  04-05-24

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New Delhi: India's power and energy sector is at a pivotal juncture, undergoing a transformative shift towards sustainability and clean energy technologies. Rather than a mere a compliance exercise, stakeholders across the ecosystem, from customers to regulators to businesses, are increasingly p
Posted Date :  04-05-24

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Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 40.41 percent decrease in net profit for the fourth quarter of the fiscal year 2023-24, with a recorded amount of Rs 1,136.84 crore, down from the previous year's Rs 1,907.98 crore in the same quarter. However, on a quarter-on-quarte
Posted Date :  04-05-24

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SHRM East Pvt Ltd. (SHRM) hosted the PSE Leadership Forum 2024 on April 19 at the Taj Palace Hotel in New Delhi, bringing together over 100 delegates from 30 PSE and government organizations. The event featured a series of insightful discussions led by industry leaders who are at the forefront of sh
Posted Date :  04-05-24

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Adani Green has reported its Q4 results, revealing a decline in net profit by 70% to Rs 150 crore from Rs 508 crore in the same period last year. Revenue also experienced a marginal decline of 2%, amounting to Rs 2,527 crore compared to Rs 2,587 crore year-on-year. The company's EBITDA witnes
Posted Date :  04-05-24

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New Delhi: Delhi Metro Rail Corporation (DMRC) celebrated its 30th Foundation Day on May 3, 2024, at Bharat Mandapam, New Delhi. The celebration was graced by esteemed dignitaries, including Sh. Anurag Jain, Secretary of the Ministry of Road Transport & Highways, Ministry of Housing and Urban Af
Posted Date :  04-05-24

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New Delhi: Shri R. K. Agrawal, Chairman cum Managing Director, WAPCOS and NPCC conferred with PSU Samarpan Award for his dedication, vision and remarkable leadership towards the advancement of the PSU sector during the PSU Transformation Conclave.
Posted Date :  03-05-24

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New Delhi: The Association of City Gas Distribution (CGD) Entities is a not-for-profit company established under Section 8 of the Companies Act, 2013, with the primary mission of promoting and advancing the City Gas Distribution (CGD) sector in India. Founded on December 30, 2020, and headquartered
Posted Date :  03-05-24

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Adani Green Energy Ltd (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has announced USD 400 million in financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. It
Posted Date :  03-05-24

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The Reserve Bank of India (RBI) has, by an order dated April 29, 2024, imposed a monetary penalty of Rs 2.00 lakh (Rupees Two lakh only) on The Satara Sahakari Bank Limited, Mumbai, Maharashtra for non-compliance with certain provisions of section 12(2) read with section 56 of the Banking Regulation
Posted Date :  03-05-24

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According to the Gas Exporting Countries Forum (GECF) annual gas market report of 2024, India has become the world's third-largest energy consumer, with its consumption increasing by 15% YoY to 65 BCM in 2023, largely due to a shift from coal to gas for power generation. GECF has forecasted a 6%
Posted Date :  03-05-24

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Dabur India has reported a 16.55 percent jump in its consolidated net profit to Rs 341.22 crore for the March 2024 quarter, aided by cost optimization and expansion of the distribution network. Its revenue from operations during January-March 2024 rose 5.11 percent to Rs 2,814.64 crore, against Rs 2
Posted Date :  03-05-24

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The Department of Personnel & Training (DoPT) has recently appointed Pratima Singh, an officer of the Indian Revenue Service (IRS), as the Director of the Department of Promotion of Industry and Internal Trade (DPIIT). Singh's appointment as Director in DPIIT is for five years from the da
Posted Date :  03-05-24

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Groww, a financial services platform, and Worldline ePayments, a digital payment processing company, have obtained RBI’s license to operate as online payment aggregators. Ramesh Narasimhan, Chief Executive Officer – India, Worldline, said, “We’ve been in the Indian market
Posted Date :  03-05-24

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Coal India Limited, India's largest coal producer Public Sector Undertaking, has announced that its board of directors has recommended a final dividend of Rs 5 per share for the financial year 2023-24. The company disclosed in an exchange filing that the recommendation was made during the boa
Posted Date :  03-05-24

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Maushumi Chakravarty has taken over as the Director General of Akashvani News from May 1. She is a 1991 batch IIS officer with vast experience in various capacities under the Ministry of Information & Broadcasting, including its media organizations the Press Information Bureau and the Central Bu
Posted Date :  03-05-24

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Bajaj Finance announced in an exchange filing that the Reserve Bank of India (RBI) has lifted its restrictions on the company's eCOM and online digital 'Insta EMI Card' businesses. This means that the company can now resume the sanction and disbursal of loans, including the issuance of E
Posted Date :  03-05-24

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