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RBI fines Mumbai bank for levying extra charge on ATM cards

Oct 23, 2023

Mumbai, Oct 23 (IANS) The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank’s directions.The statutory inspection of the bank conducted by the RBI with reference to its financial position as…

ED conducts searches in Custom Rice Milling special incentive scam

Oct 23, 2023

New Delhi, Oct 23 (IANS) The Enforcement Directorate (ED) conducted search operations on Friday and Saturday at the premises of ex-Managing Director of Markfed, treasurer and office-bearers of Chhattisgarh Rice Millers Association, district…

Business

Tata Motors sets up two R&D centres in Pune for Hydrogen propulsion technology

Oct 23, 2023

Pune/Chennai, Oct 23 (IANS) Automotive major Tata Motors Ltd said on Monday that it has unveiled two research and development (R&D) facilities in Pune.According to the company, the centres are an engine test cell for development of…

Business

Mineral production index shows 12.3% growth in August year-on-year

Oct 23, 2023

New Delhi, Oct 23 (IANS) The index of mineral production of the mining and quarrying sector for August stood at 111.9, showing a growth of 12.3 per cent over the corresponding period of last year.According to data released by the Indian…

Business

Relentless selling across the board pulls Nifty down by 260 pts

Oct 23, 2023

New Delhi, Oct 23 (IANS) Pessimism persisted in the Indian bourses as the bears tightened their grip by breaching all the key Nifty support levels to end the session at 19,281.75 with a loss of 260.90 points, said Aditya Gaggar, Director at…

Business

NCEL bagged orders worth Rs 7K cr so far: Amit Shah

Oct 23, 2023

New Delhi, Oct 23 (IANS) Union Cooperation Minister Amit Shah said on Monday that over two crore farmers will be involved in organic farming before 2027 in the country, adding that the newly-established National Cooperative for Exports Ltd…

Business

US oil giant Chevron seals deal to buy Hess for $53 billion

Oct 23, 2023

New Delhi, Oct 23 (IANS) American oil giant Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at…

Business

S.Korea to make contingency plans as China curbs graphite exports

Oct 23, 2023

Seoul, Oct 23 (IANS) Industry ministry here said on Monday it will make contingency plans to ensure a smooth supply of some graphite products as China curbs exports of the key battery material.First Vice Industry Minister Jang Young-jin…

Business

Sensex now down more than 700 points

Oct 23, 2023

New Delhi, Oct 23 (IANS) BSE Sensex is down sharply by 703 points at 64,693 points on Monday with metal stocks leading the fall.Metal stocks lead the losses with JSW Steel and Tata Steel down more than 2 per cent. TCS, Indusind Bank, Tata…

Business

Hyundai Motor, PIF to build $500 mn car plant in Saudi Arabia

Oct 23, 2023

Seoul, Oct 23 (IANS) Hyundai Motor, South Korea's biggest carmaker, said on Monday it has signed a joint venture deal with Saudi Arabia's Public Investment Fund (PIF) to build a car assembly plant in the Middle Eastern country.Under the…

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