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Business
RBI Cancels Licence Of Laxmi Co-Operative Bank: What Happens To Depositors?
New Delhi: The licence of The Laxmi Co-Operative Bank has been cancelled due to lack of adequate capital.
According to the Reserve Bank of India (RBI), Laxmi Co-Operative Bank, with its current financial position, would be unable to pay…
Baba Ramdev’s Patanjali Group To Float 4 IPOs In Next Five Years
New Delhi: Controversial yoga guru and businessman Baba Ramdev on Friday announced the initial public offering (IPO) plans for four Patanjali group companies over the next five years. "We are preparing to get listed five Patanjali group…
Jio To Launch 5G By Diwali; Now Shop From JioMart On WhatsApp
New Delhi: Reliance Industries Limited's Jio will begin rolling out 5G services for its subscribers by Diwali, announced RIL chairman Mukesh Ambani at the company’s 45th annual general meeting on Monday.
"Within the next two months, that…
Mumbai Jeweller Arrested For Making Calls Threatening Mukesh Ambani & Family
Mumbai: Police have identified the man who allegedly made nine threat calls to the Sir HN Reliance Foundation Hospital and threatened to harm Reliance Industries Limited chairman Mukesh Ambani and his family members.
A 56-year-old jeweller…
Govt Cuts Windfall Taxes On Fuel Export
New Delhi: The government on Wednesday eliminated a levy on gasoline exports and slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates.
The taxes were imposed on July 1 to tap energy…
Mukesh Ambani Steps Down As Reliance Jio Director; Son Akash Appointed Chairman
Mumbai: Mukesh Ambani has decided to hand over the reins of Reliance Jio to his son elder son Akash.
Mukesh resigned as director of Reliance Jio, effective from June 27, and Akash has been appointed as chairman of the board of directors.…
After RBI’s Repo Rate Hike, SBI Increases Interest Rates on Deposits & Loans
Bhubaneswar: Following the repo rate hike by Reserve Bank of India (RBI) last week, the State Bank of India on Tuesday raised its interest rates on deposits and lending
The SBI said has raised interest rates by 0.20% on domestic term…
Rs 78 To One US Dollar: Indian Rupee Hits All-Time Low
New Delhi: The Indian rupee plummeted to an all-time low on Monday, breaching the 78-mark against the US dollar, breaking all previous records.
According to analysts, there are multiple factors behind the rupee falling to a lifetime low.…
RBI Allows UPI-Credit Card Linking; Check Details
Mumbai: The Reserve Bank of India (RBI) on Wednesday proposed to allow the linking of credit cards to the instant real-time payment system. This facility, which currently facilitates transactions by linking savings and current accounts…
RBI Hikes Lending Rate To Tame Inflation, Retains GDP Forecast
Mumbai: To contain the soaring inflation, the Reserve Bank of India (RBI) on Wednesday raised the benchmark interest rate by 50 bps basis points while keeping FY23 GDP growth forecast unchanged at 7.2%.
The hike, which was voted…