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Underwriting Auction for sale of Government Securities for ₹26,000 cr on May 14, 2021

May 13, 2021

Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on May 14 2021. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for…

CarDekho appoints Mayank Jain as the CEO of its new auto business

May 13, 2021

New Delhi, 12 May 2021: CarDekho Group, India’s leading auto-tech company, has further fortified its leadership team by appointing Mr. Mayank Jain as CEO of the New Auto business. He will be responsible for strengthening the organization’s…

Business

NITI Aayog and Mastercard Release Report on ‘Connected Commerce: Creating a Roadmap for a Digitally…

May 12, 2021

NITI Aayog and Mastercard today released a report titled ‘Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat’. The report identifies challenges in accelerating digital financial inclusion in India and provides…

Business

Aluminium Industry reiterates urgency for 5% RoDTEP rate for economic sustainability

May 12, 2021

New Delhi, 12 May 2021: The Aluminium Association of India (AAI) has pushed for speedy implementation of the RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for the Indian Aluminium industry on priority to survive these…

Business

5G already changing smartphone use behavior: Ericsson ConsumerLab

May 12, 2021

A new report by Ericsson (NASDAQ: ERIC) ConsumerLab highlights the impact that 5G is already having on smartphone users worldwide and what they expect the technology to deliver in the future. Indoor coverage is one of the focus areas to…

Business

Passenger vehicle sales in India dip 10% in April: SIAM

May 12, 2021

New Delhi, May 12: Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year as COVID-19-led restrictions across various states impacted demand, auto industry body SIAM said on…

Business

Auction of State Development Loans of Seven State Governments – Full Auction Result

May 12, 2021

The Result of the auction of State Development Loans for Seven State Governments held on May 11, 2021. Table (₹ in crore) ANDHRA PRADESH 2037 ANDHRA PRADESH 2038 HARYANA 2031 MAHARASHTRA 2032 Notified Amount…

Business

RBI imposes monetary penalty on Siddheshwar Sahakari Bank Ltd., Latur, Maharashtra

May 12, 2021

The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹3.50 lakh (Rupees Three Lakh Fifty Thousand only) on Siddheshwar Sahakari Bank Ltd., Latur, Maharashtra (the bank) for contravention…

Business

RBI imposes monetary penalty on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra

May 12, 2021

The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra (the bank) for contravention of/non-compliance…

Business

Result of Yield/ Price Based Auction of State Development Loans of State Governments

May 12, 2021

Result of Yield/ Price Based Auction of State Development Loans of State Governments Sr. No. State Notified Amount (₹ Cr) Amount Accepted (₹ Cr) Cut off Price / Yield (%) Tenure (Yrs) 1. Andhra…

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