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NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank duesThe NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, ...
MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behindThe Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...
Allahabad HC orders banks to freeze only disputed amount in cybercrime casesThe Allahabad High Court has ruled against the imposition of blanket debit freezes in cybercrime cases, emphasizing that such measures must...
India's Bank of Baroda raises $700 million via dollar bonds at tighter spreadsBank of Baroda has successfully accepted bids totaling seven hundred million dollars for its debt offering, achieving narrower spreads than...
Milky Mist Dairy Food allotment likely today; GMP hints at 19% listing. Here's how to check your statusMilky Mist Dairy Food’s Rs 1,553-crore IPO is likely to see allotment finalised today after receiving 56.12-times subscription. Its GMP sta...
ChargeZone, Landmark Cars announce strategic partnershipCustomers purchasing electric vehicles from any Landmark dealership across India will receive charging benefits on ChargeZone's nationwide ...
Security, facility management sector may grow 9-10% this fiscal: Crisil RatingsIndia’s organised security and facility management sector is projected to grow 9-10% this fiscal, after 15% annual growth during FY23-FY26,...
NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
DBS Bank extends Rs 520-cr credit to K Raheja Corp to develop commercial tower in PuneDBS Bank India has announced a substantial investment of Rs 520 crore for the development of a commercial tower in Pune. Additionally, Cert...
RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: KotakThe Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) m...
Zero forex markup credit cards: Does it mean zero cost? Check this before your international travelPlanning an international trip? A 'zero forex markup' credit card promises savings, but hidden charges and fluctuating exchange rates can s...
CJP founder Dipke announces nationwide campaign to improve govt schools in villagesThe Cockroach Janta Party founder announced a nationwide campaign for rural schools. This initiative will begin on August 15, focusing on b...
Govt taps inputs from public sector banks to lure foreign capitalGovernment will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap...
ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executivesThe Enforcement Directorate has filed chargesheets in two money-laundering cases involving Reliance Anil Ambani Group companies and former ...
PNB to roll out its wealth management product by Dec aimed at boosting non-interest incomePunjab National Bank plans to launch wealth management services by December. The bank is also aggressively scaling its credit card business...
Loans against FCNR B deposits exempt from priority sectorThe Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and N...
RBI's draft curbs on revolving credit may impact NBFC flexi loans: Morgan StanleyThe Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial c...
RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billionThe Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to on...
Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCsShares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively ba...
RBI plans to bar NBFCs from offering revolving credit without approvalIn a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, N...