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RBI imposes monetary penalty on Vasai Vikas Sahakari Bank Ltd., Vasai, Maharashtra

Oct 27, 2021

The Reserve Bank of India (RBI) has, by an order dated October 26, 2021 imposed a monetary penalty of ₹90.00 lakh (Rupees ninety lakh only) on Vasai Vikas Sahakari Bank Ltd., Vasai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on “Management of Advances - UCBs”, “Income Recognition, Asset Classification, Provisioning…

Posten Norge and Infosys Collaborate to Develop next Generation IT Service Management Capability

Oct 26, 2021

Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been selected by Posten Norge as a strategic partner to digitally transform its IT Service Management function. Through…

Mumbai

TCS Recognized as a Leader in Gartner® Magic Quadrant™ for Data Center Outsourcing &…

Oct 26, 2021

MUMBAI, October 26, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Leader in the Gartner Magic Quadrant for Data Center…

National

Cabot Corporation Selects Cognizant to Transform its Digital Operating Model

Oct 26, 2021

Cognizant (Nasdaq: CTSH) announced today a new business engagement with leading global specialty chemicals and performance materials company Cabot Corporation (NYSE: CBT) to help the company transform its digital operating model. Cognizant…

Business

RBl imposes monetary penalty on The Citizens Urban Co-operative Bank Ltd., Jalandhar, Punjab

Oct 26, 2021

The Reserve Bank of India (RBl) has imposed, by an order dated October 26, 2021, a monetary penalty of ₹7.00 lakh (Rupees Seven Lakh only) on The Citizens Urban Co-operative Bank Ltd., Jalandhar, Punjab (the bank) for non-compliance with…

Business

Equity benchmark indices close in green as realty stocks skyrocket

Oct 26, 2021

Mumbai, October 25: The Indian equity market closed in the green on Tuesday as the realty and metal sector shares gain. At the closing bell, the BSE S&P Sensex was up by 383.21 points or 0.63 per cent, while the Nifty 50 gained…

Business

RBI to conduct 7-day Variable Rate Reverse Repo auction under LAF on October 26, 2021

Oct 25, 2021

The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on October 26, 2021, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 7 10:30 AM to…

National

Income Tax Department conducts searches in Nashik

Oct 25, 2021

The Income Tax Department carried out a search and seizure operation on 21.10.2021 in the case of a person engaged in the real estate business, primarily operating as a land aggregator in Nashik. During the search and seizure operation,…

Business

Real estate to contribute 18-20% of the country’s GDP, says NITI Aayog CEO Amitabh Kant

Oct 25, 2021

The last 18 months have been challenging for India, and the economy in general, and the real estate sector was not left untouched. However, we see a silver lining as the vaccination rate has picked up and the infections are slowly coming…

Business

Sensex rises 145 pts; Nifty ends above 18,125

Oct 25, 2021

Mumbai, Oct 25: Equity benchmark Sensex jumped 145 points on Monday, tracking gains in index majors ICICI Bank, Axis Bank and SBI amid a largely positive trend in global markets. After a choppy session, the 30-share index ended…

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