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Business & economy, industries, companies, technologies and MNCs – News

Two NBFCs surrender their Certificate of Registration to RBI

Apr 28, 2021

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India (RBI): Sr. No. Name of the Company Office Address CoR No. CoR Issued On Cancellation Order Date 1 M/s Balaji Instalments Supply Limited 280, Goyal Complex, Bans Mandi, Bareilly, Uttar Pradesh- 243005 B-12.00267…

Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of…

Apr 27, 2021

RBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to improve the quality of financial reporting of Supervised Entities…

Business

Money Market Operations as on April 26, 2021

Apr 27, 2021

Money Market Operations as on April 26, 2021 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight…

Business

Ajay Seth, Secretary, Department of Economic Affairs, nominated on RBI Central Board

Apr 27, 2021

The Central Government has nominated Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India vice Tarun Bajaj. The nomination of Ajay Seth…

Business

Shivalik Small Finance Bank Limited commences operations

Apr 27, 2021

Shivalik Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 26, 2021.The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the…

Business

Intellectual Property is pivotal for Industry 4.0: PHDCC Webinar

Apr 26, 2021

IP should be seen as a powerful tool for economic development. IP can be instrumental in keeping the competitive advantage for enterprises and can help in getting innovative ideas and concepts for theft and enhancing the overall work of the…

Business

RBI takes supervisory action on Card Networks – American Express Banking Corp. and Diners Club…

Apr 25, 2021

The Reserve Bank of India (RBI) has, by order dated April 23, 2021, imposed restrictions on American Express Banking Corp. and Diners Club International Ltd. from on-boarding new domestic customers onto their card networks from May 1, 2021.…

Business

Govt must support emerging growth by providing substantial stimulus and reform measures: PHDCC

Apr 23, 2021

With sharp recovery in the key economic and business indicators in the Q3 FY 2020-21, the economy has returned to the pre-COVID levels in Q4 2020-21, however, government should act swiftly to support the emerging growth scenario by…

Business

FM assures industry of smooth co-ordination between States, hospitals and suppliers of oxygen and…

Apr 22, 2021

22 APR 2021, New Delhi: Provision of oxygen, vaccines and their logistics to people affected by coronavirus is being ensured, given the recent surge in cases of COVID-19 pandemic across the country. This was stated by Union Minister for…

Business

BluSmart introduces environment friendly initiatives on Earth Day

Apr 22, 2021

Gurugram, April 22, 2021: BluSmart, India’s first all-electric ride hailing platform, today introduced Blu Prive, an exclusive community of people from Delhi NCR who have pledged to save the environment and the future generations by…

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