Mumbai, Aug 25 (PTI) Non-bank lender Altum Credo on Monday announced a Rs 170 crore fund raise from existing investor UK's development finance institution and impact investor British International Investment (BII). The funding will help the Pune-headquartered affordable housing-focused lender expand its operations in the country, as per a statement. The company has served over 15,000 customers in six states covering southern and western India, and manages assets of over Rs 1,000 crore. The in...Read More
Mumbai, Aug 25 (PTI) Cyber police arrested two individuals for allegedly duping a 79-year-old doctor from Mumbai of Rs 25 lakh through a fraudulent share trading scheme, an official said on Monday. The accused, identified as Prashant Chaudhary and Richard Rao, were found to be in contact with cyber fraudsters and had opened multiple bank accounts used to facilitate the fraudulent transactions, he said, adding that the arrests were made by the cyber cell of the Western Region. The victim, a sen...Read More
New Delhi: If you have a vehicle, then now you will have to take care of the necessary rules. You can update your mobile number from the vehicle parked near you. If you do not do this, then you may have to face problems. The Union Ministry of Road Transport and Highways has sent a message to people and appealed to link their mobile number and Aadhaar card with their vehicle. Apart from this, you can also link your driving license to your Aadhaar card. You will not have to bother to do this. To ...Read More
Kolkata: Commute in Kolkata changed forever on Monday, the first weekday since Metro Green Line between Salt Lake Sector V and Howrah Maidan became fully operational on Friday evening. Several thousand people, who used buses and autos to travel to their workplace and back, switched to metro. Such was the rush that trains on both the Green and Blue Lines were thrown out of gear. Closing the train and platform screen doors at Mahakaran Station proved a challenge on Monday evening, holding up train...Read More
The Indian Cricketers Association (ICA), recognised by the Cricket Board, approved the proposal to offer a one time benefit of Rs.100,000 to the spouse of deceased ICA members, in its meeting held in Bengaluru. The Board has approved the amount to be given to eligible families which is expected to reach 50 beneficiaries. The sole organisation for the former cricketers, the ICA has 1,750 members. It takes care of the senior citizens, providing health insurance to members apart from regular heal...Read More
New Delhi [India], August 25 (ANI): Oil and Natural Gas Corporation Limited (ONGC) has officially commenced sales of natural gas from its Chinnewala Tibba field, a Discovered Small Field (DSF-II) block located in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). According to a statement from the state-owned company, this significant milestone reinforces ONGC's commitment to enhancing domestic energy production and strengthening India's energy security under the guidance of the Ministry of P...Read More
New Delhi, Aug 25 (PTI) Rachit Prints Ltd, a Meerut-based speciality fabric manufacturer, on Monday said it has fixed the price band at Rs 140-149 per share for the Rs 19.5 crore IPO, which will open for subscription on September 1. The initial public offering (IPO) will conclude on September 3 and the shares of the company will be listed on BSE's SME platform, the company said in a statement. The public issue is entirely a fresh issue of up to 13.08 lakh equity shares with a face value of Rs ...Read More
Mumbai, Aug 25 (PTI) The ED has arrested the director of a Pune-based real estate company from a five-star hotel in Mumbai along with Rs 9.5 lakh in cash and gold and diamond jewellery worth Rs 2.3 crore in a bank loan fraud case. Amit Ashok Thepade was taken into custody on Sunday from the hotel in south Mumbai, where he had been staying for the past two months. A special Prevention of Money Laundering Act (PMLA) court has sent him to ED custody for five days, the federal probe agency said in...Read More
Mumbai, Aug 25 (PTI) Shree Refrigerations Ltd (SRL) on Monday announced securing a contract worth Rs 106.62 crore from Hindustan Shipyard Limited for the supply of turnkey HVAC (heating, ventilation and air conditioning) systems for the Indian Navy's Fleet Support Ship (FSS) project. With the addition of this order, SRL's total order book now stands in excess of Rs 300 crore, SRL said in a statement. The complete heating, ventilation, air conditioning and refrigeration solution under this proj...Read More
New Delhi, Aug 25 (PTI) Infrastructure EPC company Vikran Engineering on Monday said it has mobilised Rs 231.6 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from various investors, including Bank of India Mutual Fund (MF), ITI MF, Samco MF, SBI General Insurance, IMAP India, Bengal Finance and Investment, VPK Global, and Societe Generale, among others, according to a circular uploaded on the BSE websi...Read More
Bhubaneswar (Odisha) [India], August 25 (ANI): Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Monday said the central government aims to build 350 airports across the country by the year 2047, as part of its long-term vision for a Viksit Bharat. Speaking to the media on the sidelines of the Eastern Region Ministers Conference on Civil Aviation, the Minister said India currently has 162 airports, and the government intends to more than double the number over the next two decades. To...Read More
New Delhi [India], August 25 (ANI): Delhi Chief Minister Rekha Gupta on Monday emphasised the primacy of national interest over party politics, stating that there is no place for party politics when it comes to the interests of the country. Speaking during the concluding session of the All India Speakers Conference held at the Delhi Legislative Assembly, the Delhi CM Gupta called on all public representatives to renew their commitment to the oath taken while assuming office, as she highlighted ...Read More
Nanded-Mumbai Vande Bharat Express: Presently, the fastest train between Mumbai and Nanded is the Devgiri Express which takes 11:20 hrs. The CSMT-Nanded-CSMT Vande Bharat will reduce the journey time by nearly two hours. Nanded to Mumbai Vande Bharat Express: The much-awaited Hazur Sahib Nanded-Chhatrapati Shivaji Maharaj Terminus (CSMT) Mumbai Vande Bharat Express train will commence its inaugural run on August 26. The Hazur Sahib Nanded-CSMT Mumbai Vande Bharat Express is an extension of trai...Read More
Banks across Assam will be observing a holiday on Monday - August 25 - due to the Tirubhav Tithi of Srimanta Sankardeva in the state. The Tirubhav Tithi of Srimanta Sankardeva commemorates the death of Srimanta Sankardev, who was a renowned saint, scholar, and cultural icon in the state. He was also a polymath, poet, playwright, dancer, actor, musician, artist, social-religious reformer, and key figure of the Bhakti movement in Assam. According to Reserve Bank of India, this festival fall unde...Read More
Crisil Ratings anticipates a 9-11% revenue increase for diversified EPC companies this fiscal year, fueled by infrastructure capital expenditure growth and efficient project execution. The study, encompassing 15 firms with a combined revenue of ₹3.15 lakh crore, highlights the sector's reliance on government and private capex. Diversified engineering, procurement and construction (EPC) companies are likely to witness a modest rise of 9-11 per cent in revenue in the current financial year, acco...Read More
The Defence Ministry had selected state-owned MDL for building six submarines with Air Independent Propulsion systems with German ThyssenKrupp Marine Systems as its partner in January. After being stuck for over six months, the Centre has given clearance to the Defence Ministry and Mazagaon Dockyards Limited to begin negotiations for the deal to buy six submarines to be built in India with German support under 'Project 75 India.' The Defence Ministry had selected state-owned MDL for building si...Read More
New Delhi, Aug 25 (SocialNews.XYZ) State Bank of India (SBI), the country's largest lender, has requested the Reserve Bank of India (RBI) to allow banks to fund acquisitions, its Chairperson Challa Sreenivasulu Setty said on Monday. At present, Indian banks are not allowed to lend money for mergers and acquisitions. Because of this rule, companies usually turn to non-banking financial institutions or raise funds through bonds when they plan to buy other businesses. Speaking at an industry eve...Read More
Brookfield Asset Management has divested a 50% stake in its Pune-based Bluegrass Business Park to 360 ONE Asset for approximately $280 million. The Grade-A office development, spanning 2 million sq ft, includes an operational tower leased to Mastercard and another under construction. New York-headquartered global alternate investment firm Brookfield Asset Management's private real estate fund has sold a 50% stake in its office project Bluegrass Business Park in Pune to asset management firm 360...Read More
Benchmark indices rebounded on Monday, with the BSE Sensex climbing 329 points, tracking a rally in global equity markets, on hopes of a potential US Federal Reserve rate cut. Photograph: Shailesh Andrade/Reuters Buying in IT stocks were also instrumental in driving the markets higher. The 30-share BSE Sensex climbed 329.06 points or 0.40 per cent to settle at 81,635.91. During the day, it jumped 492.21 points or 0.60 per cent to 81,799.06. The 50-share NSE Nifty went up by 97.65 points or ...Read More
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I woul...Read More
Naidu said the norms for setting up a waterdrome, training pilots, and the rules and regulations governing seaplane operations have been simplified. The Civil Aviation Ministry will restart seaplane operations on at least two routes in India by October, Union Minister Ram Mohan Naidu said here on Monday. Addressing the Eastern Region Civil Aviation Ministers' Conference, Naidu said, "Seaplane operation was there once, but it was limited to a single route. The government has simplified the guid...Read More
Upcoming Stock Market Holiday: NSE and BSE will be closed on August 27, 2025, for Ganesh Chaturthi. Markets reopen August 28. Upcoming Stock Market Holiday: The Indian stock market -- including both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) -- will remain closed on Wednesday, August 27, on account of Ganesh Chaturthi, one of the most cherished Hindu festivals marking the birth of Lord Ganesha. According to the official NSE trading holiday calendar, August 27 is designat...Read More
Flipkart has launched 'Flipkart Black', a premium subscription program offering members benefits across shopping, entertainment, and travel for an annual fee of INR 1499. Key perks include a free one-year YouTube Premium subscription and exclusive member-only deals. The program targets affluent, digitally savvy customers seeking a personalized experience. Flipkart, one of India's leading e-commerce platforms, has rolled out 'Flipkart Black', a premium membership designed to enhance the digital ...Read More
New Delhi, Aug 25 (PTI) With the Delhi High Court quashing a CIC order related to Prime Minister Narendra Modi's bachelor's degree, the Congress on Monday said it is incomprehensible why the educational degree details of the PM be kept a complete secret when such details of everyone else have always been public. The high court on Monday set aside a Central Information Commission (CIC) order directing disclosure of details related to Modi's bachelor's degree while holding it to be "personal info...Read More
Kolkata, Aug 25 (SocialNews.XYZ) The Calcutta High Court on Monday observed that no funds should be released to the Durga Puja committees that have not submitted the previous year's utilisation certificates. A division bench of Justices Sujoy Pal and Smita Das De questioned why grants should be given to puja committees even if they have not submitted expenditure accounts. Hearing a PIL filed by Sourav Dutta, the bench directed the West Bengal government to state its position on this matter in ...Read More
Guwahati: India has shared a warning with Pakistan about potential cross-border flooding in the wake of heavy rains in the Jammu and Kashmir region, an Indian government source told the media on Monday. The alert was issued on humanitarian grounds and not under the Indus Waters Treaty, the source added. Ready for a challenge? Click here to take our quiz and show off your knowledge! The warning was communicated by India's High Commission in Islamabad on Sunday. The Indian Ministry of External ...Read More
Bhubaneswar: Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Monday said that seaplane services could soon be extended to Odisha's Chilika Lake and the entire eastern coast, opening up new avenues for regional connectivity and tourism. Speaking at the Eastern Region Civil Aviation Ministers' Conference in Bhubaneswar, the minister said that the Centre is planning to restart seaplane operations in the country by October. "Seaplane operation was there once, but it was limited to a sin...Read More
Jodhpur: Defence Minister Rajnath Singh on Monday drew a stark contrast between terrorists who killed innocents in Pahalgam after asking their religion and India's armed forces, who, he said, responded by judging terrorists on their deeds, not their faith. Addressing a gathering in Jodhpur during the inauguration of the Adarsh Defence and Sports Academy, the Defence Minister said, "The terrorists killed people after asking their religion, but our soldiers killed terrorists by looking at their d...Read More
New Delhi, Aug 25 (PTI) The Supreme Court collegium on Monday recommended to the Centre, the names of Bombay High Court Chief Justice Alok Aradhe and Patna High Court Chief Justice Vipul Manubhai Pancholi for elevation as top court judges. Justice Pancholi, upon becoming a top court judge, would be in line to become the Chief Justice of India (CJI) in October 2031 after Justice Joymalya Bagchi's retirement. The five member collegium comprising CJI B R Gavai and Justices Surya Kant, Vikram Nath...Read More
Mumbai (Maharashtra) [India], August 25: Kotak Mahindra Life Insurance Company Ltd ('Kotak Life') is proud to announce that its innovative product, Kotak Gen2Gen Income, has been recognised with the prestigious 'Product of the Year 2025' award in the 'Life Insurance - Savings Plan' category. The recognition is based on a nationwide survey conducted by NielsenIQ involving 1,800 consumers across India. The recognition is awarded for the 'Life Insurance - Savings Plan' category through a consumer s...Read More