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

RBI imposes monetary penalty on The Jalgaon People’s Co-operative Bank Ltd., Jalgaon, Maharashtra

Aug 28, 2021

The Reserve Bank of India (RBI) has, by an order dated August 26, 2021, imposed a monetary penalty of ₹20 lakh (Rupees twenty lakh only) on The Jalgaon People’s Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with direction issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks…

Scheduled Banks’ Statement of Position in India as on Friday, August 13, 2021

Aug 28, 2021

Scheduled Banks’ Statement of Position in India as on Friday, August 13, 2021 (Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 14-Aug-20 30-JUL-2021*…

National

Pradhan Mantri Jan-Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completes…

Aug 28, 2021

Ministry of Finance is committed to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes. Financial Inclusion is a national priority of the Government as it is an enabler for…

Business

Result of the 13-day Variable Rate Reverse Repo auction held on August 27, 2021

Aug 27, 2021

Result of the 13-day Variable Rate Reverse Repo auction held on August 27, 2021 Tenor 13-day Notified Amount (in ₹ crore) 3,00,000 Total amount of offers received (in ₹ crore) 5,07,894…

Business

Amidst pandemic, Intellicus witnesses 40% rise in client acquisition, 30% growth in workforce

Aug 27, 2021

New Delhi, 27th August, 2021: Intellicus Technologies Pvt. Ltd, a leading data integration and business intelligence product company has announced a whopping 40% QoQ growth in new client acquisition. The company significantly increased its…

Business

Global HR Tech Platform Advantage Club raises $1.7m

Aug 27, 2021

New Delhi, August 2, 2021: Gurgaon-based HR Tech Startup Advantage Club today announced that it has raised USD 1.7 Million in a fresh round led by Y-Combinator, Broom Ventures, Liquid.vc, and Kunal Shah. Leading angel investors from the US,…

Business

Hyundai Motor Group to Unveil its Future Vision for Hydrogen Society at the ‘Hydrogen Wave’ Global…

Aug 27, 2021

SEOUL, August 27, 2021 – Hyundai Motor Group (the Group) today announced to host ‘Hydrogen Wave’, a global virtual forum which represents the Group’s plans for a new 'wave’ of hydrogen-based products and technologies. The forum will also…

New Delhi

Inland Vessel Act, 2021 will usher a new era & promote Ease of Doing Business: Sarbananda…

Aug 27, 2021

NEW DELHI, 27 August 2021: Sarbananda Sonowal, Minister of Ports, Shipping and Waterways & AYUSH, Govt of India today said that India is on the cusp of major maritime revolution and requires a vibrant and strong maritime industry for…

Business

Results of Underwriting Auctions Conducted on August 27, 2021

Aug 27, 2021

In the underwriting auctions conducted on August 27, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to…

Business

Money Market Operations as on August 26, 2021

Aug 27, 2021

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

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