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RBI to halt exchange services of Rs 2000 notes on 1 April, 2024

RBI to halt exchange services of Rs 2000 notes on 1 April, 2024

The central bank claimed that due to the “Annual Closing of Accounts,” there will be temporary unavailability of exchange and deposit services. However, the facility will resume on Tuesday. About 2.4% of the just-withdrawn Rs 2,000 banknotes are still in circulation, as the six months of the deadline to deposit or exchange them at bank branches is over.  

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LIC is a strongest insurance brand as per report

Life Insurance Corporation of India (LIC) has been recognized as the leading insurance brand, floating with a substantial brand value of  US$ 9.8 billion, a brand strength index score of 88.3, and an esteemed AAA brand strength rating has been touted by the  Brand Finance Insurance 100 2024 report.  The report also highlights Cathay Life Insurance as the second strongest brand, experiencing a 9% growth in brand value to reach US$ 4.9 billion, followed by NRMA Insurance, which w

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LIC is a strongest insurance brand as per report
IREDA approves borrowing program of Rs 24,200 cr for FY25

IREDA approves borrowing program of Rs 24,200 cr for FY25

The Borrowing includes fundraising through Taxable Bonds/Green Taxable Bonds/Sub-ordinated Tier-II Bonds/Perpetual Debt Instruments (PDI)/ Green Masala Bonds/Green Foreign currency bonds (USD/EUR/JPY)/Foreign currency bonds (USD/EUR/JPY)/Term loan from Banks and FI’s from domestic market/Lines of credit from international agencies/Public & private placement of Tax-free bonds/Capital Gains Bonds/Commercial Papers/Short term loans/CC/WCDL from Banks/Foreign Currency Non-Resident (FCNR -B

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Canara Bank to lift 13 percent stake of subsidiary unit

The board members of Canara Bank have accorded approval for initiating the process of diluting a part of its stake by listing its subsidiary, Canara Robeco Asset Management Company Ltd (CRAMC), on the stock exchange through an initial public offering (IPO). The CRAMC consists of  Canara Bank’s joint venture with Orix Corporation, Japan, with the bank holding a 51 percent stake. The public sector bank has decided to dilute 13 percent of its stake by listing CRAMC on the stock exchan

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Canara Bank to lift 13 percent stake of subsidiary unit
Indian Navy receives Ammunition Cum Torpedo Missile Barge

Indian Navy receives Ammunition Cum Torpedo Missile Barge

The Indian Navy has received the delivery of ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 18, part of 11x ACTCM Barge Project, built by MSME Shipyard, M/s Suryadipta  Projects Pvt Ltd, Thane at Naval Dockyard, Mumbai for NAD(Karanja). The contract for building 11 X ACTCM Barge was signed between MoD and M/s Suryadipta Projects Pvt Ltd, Thane on 05 Mar 21. Induction of these Barges would provide impetus to the operational commitments of IN by facilitating Tran

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Steel Exchange of India issues allotment of 1 crore equity shares

The company board has proposed to issue equity shares to M/s. Money Seeds represented by non-promoter groups by way of preferential allotment. According to the exchange filing made by the company, it is stated that under circular Resolution dated 28th March 2024, the company has approved the Allotment of 1,10,00,000 Equity Shares of the Company having a face value of Re.1/- each, at an issue price of Re.16.60/- per Equity Shares (including a premium of Re.15.60 per Equity Shares) for an aggre

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Steel Exchange of India issues allotment of 1 crore equity shares
SAIL DSP and EMD signs agreement with Sentra World

SAIL DSP and EMD signs agreement with Sentra World

New Delhi: As a significant step towards decarbonization in Steel Authority of India Limited, an agreement has been signed by SAIL’s Durgapur Steel Plant & SAIL-EMD with Sentra world aimed to explore the viability of employing Sentra world's digital platform as a tool for managing carbon dioxide emissions. 

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EIL and HRRL achieved another critical milestone at Rajasthan Refinery project

Team Engineers India Limited, along with Team HRRL, achieved another critical milestone at the 'Jewel of the Desert', grassroot Rajasthan Refinery project with the Mechanical Completion of the Refinery Cooling Tower & Cooling Water Treatment Plant (CT-01). 

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EIL and HRRL achieved another critical milestone at Rajasthan Refinery project
Coal India organises workshop RTI Act

Coal India organises workshop RTI Act

Coal India Limited organised a one-day workshop on RTI Act with emphasis on role of PIOs & FAAs at its corporate headquarters in Kolkata. Shri B.K. Tripathy, CVO CIL, inaugurated the workshop.

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Bharat Electronics Limited launched new website

New Delhi: The new website of Bharat Electronics Limited, https://bel-india.in, was launched today (March 28, 2024) by Mr Bhanu Prakash Srivastava, CMD. 

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Bharat Electronics Limited launched new website

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