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New Delhi [India], June 30 (ANI): India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI). The data also highlighted that more than 72 per cent of the total growth in India's foreign financial assets came from these three components, with reserve assets alone accounting for over 54 p ...Read More >
New Delhi [India], June 30 (ANI): India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI). The data also highlighted that more than 72 per cent of the total growth in India's foreign financial assets came from these three components, with reserve assets alone accounting for over 54 p ...Read More >
New Delhi [India], June 30 (ANI): India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI). The data also highlighted that more than 72 per cent of the total growth in India's foreign financial assets came from these three components, with reserve assets alone accounting for over 54 p ...Read More >
Mumbai city (under BMC jurisdiction) registered 75,982 property sales in the January-June period (H1 2025), marking a 5 per cent (on-year) increase,... Mumbai city (under BMC jurisdiction) registered 75,982 property sales in the January-June period (H1 2025), marking a 5 per cent (on-year) increase, according to a report on Monday. Revenue from these registrations rose by 15 per cent (on-year) to Rs 6,727 crore, with both metrics recording their strongest half-yearly performance since 2013, sa ...Read More >
Mumbai, June 30 (SocialNews.XYZ) Mumbai city (under BMC jurisdiction) registered 75,982 property sales in the January-June period (H1 2025), marking a 5 per cent (on-year) increase, according to a report on Monday. Revenue from these registrations rose by 15 per cent (on-year) to Rs 6,727 crore, with both metrics recording their strongest half-yearly performance since 2013, said the report by Knight Frank India. The month of June recorded registration of 11,521 properties, denoting a moderatio ...Read More >
Bengaluru : Kinara Capital, a leading fintech driving MSME financial inclusion, today released its fourth edition of MSME Insights, signaling strong optimism and increased formalization in the MSME sector. MSME entrepreneurs are confident about their near-term business growth prospects. According to the latest MSME Insights, 81% of the surveyed MSMEs expect their business revenue to increase within the next 1-2 years. Of these, 34% anticipate a revenue growth of more than 15% in their businesses ...Read More >
MUMBAI: The troubled IndusInd Bank, which has been headless since late April when the scam-tainted chief executive Sumant Kathpalia and his deputy Arun Khurana resigned owning moral responsibility for the massive losses in its forex derivatives trading book, has reportedly shortlisted three names--Rajiv Anand of Axis Bank, Anup Saha of Bajaj Finance, and Rahul Shukla of HDFC Bank--to man the top deck. While Rajiv Anand is currently the deputy managing director of Axis Bank, Anup Saha is the man ...Read More >
Kolkata, June 28 (UNI) India's electricity demand is expected to reach 4,000 TWh (terawatt-hour) and triple by 2035, according to the latest report from OmniScience Capital. This surge is powered by industrial expansion, urban growth, and the electrification of transport, the report said. Energy transition has become critical for a sustainable future, initiatives and policies such as Net-zero, 500 GW Renewable power target, EV adoption, Rooftop Solar push, and others are driving this transform ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connecti ...Read More >
Mumbai: The board of IndusInd Bank has shortlisted three candidates for the role of managing director and chief executive officer - Rajiv Anand, deputy managing director at Axis Bank; Rahul Shukla, group head of commercial and rural banking at HDFC Bank; and Anup Saha, managing director of Bajaj Finance. With the Reserve Bank of India's June 30 deadline nearing, the board is unlikely to consider more contenders, people aware of the development said. The RBI had asked the board to submit three n ...Read More >
Hyderabad, June 27 (UNI) India's electricity demand is expected to reach 4 trillion units (4,000 TWh) by 2035 due to industrial expansion, urban growth, and the electrification of transport, according to the latest report released by OmniScience Capital, a Global Investment Management firm. Energy transition has become critical for a sustainable future, initiatives and policies such as Net-zero, 500 GW Renewable power target, EV adoption, Rooftop Solar push, and others are driving this transfor ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside La ...Read More >
New Delhi, Jun 27 (PTI) The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology res ...Read More >
Mumbai (Maharashtra) [India], June 27: Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains, has announced a strategic partnership with Numeric, a modern financial close and reporting automation platform trusted by high-growth accounting teams. The partnership enables both parties to better serve the offices of the CFO and Controllership in accelerating month-end close t ...Read More >
New Delhi [India], June 8 (ANI): India's digital forensics market is expected to grow more than triple the global average of 11 per cent to hit USD 1.39 billion (Rs 11,829 crore) by the financial year 2029-30, according to a joint report by Deloitte-DSCI. As per the report, the Indian digital forensic market will grow at a Compounded Annual Growth Rate (CAGR) of 40 per cent. The digital forensics market refers to the collection and analysis of digital evidence for legal or investigative purpos ...Read More >
New Delhi [India], June 7 (ANI): The Ministry of Statistics and Programme Implementation (MoSPI), in partnership with NITI Aayog and the World Bank as a knowledge partner, organised a two-day National Workshop entitled 'Using Alternate Data Sources and Frontier Technologies for Policy Making.' This event took place at Bharat Mandapam in New Delhi on June 5 and 6. The National Workshop concluded with a Valedictory Session on 6 June. According to the release, the Valedictory Session was graced b ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, An ...Read More >
Shillong, June 7 (SocialNews.XYZ) Even as the hectic search for the missing Madhya Pradesh woman continued for over two weeks on Saturday, Meghalaya's lone BJP Minister, Alexander Laloo Hek has supported the families' demand for a CBI probe into the death of Raja Raghuvanshi, whose wife Sonam is still missing. The decomposed body of Sonam's husband Raja Raghuvanshi was recovered on June 2. The couple from Indoor in Madhya Pradesh went missing on May 23 while visiting Meghalaya's Sohra-Cherrapu ...Read More >
New Delhi [India], June 7 (ANI): The Ministry of Statistics and Programme Implementation (MoSPI), in partnership with NITI Aayog and the World Bank as a knowledge partner, organised a two-day National Workshop entitled "Using Alternate Data Sources and Frontier Technologies for Policy Making." This event took place at Bharat Mandapam in New Delhi on June 5 and 6. The National Workshop concluded with a Valedictory Session on 6 June. Also Read | UK Foreign Secretary David Lammy Meets PM Narendra ...Read More >
Mumbai : ArcelorMittal Nippon Steel India (AM/NS India) has proudly reinforced its role in India's infrastructure transformation by supplying critical steel for two of the country's most iconic railway bridges 70% of flat steel for Chenab Bridge, the world's highest railway bridge, and 100% of steel for the Anji Khad Bridge, India's first cable-stayed railway bridge. The dedication of the iconic Anji and Chenab bridges by Hon'ble Prime Minister Shri Narendra Modi marks a significant step in rea ...Read More >
Mumbai, Jun 7 (PTI) A delegation of Indian Olympic Association, Central and Gujarat state government met Commonwealth Sport officials in London to have a better understanding of the process and the framework relating to securing hosting rights of the 2030 Commonwealth Games in Ahmedabad. The delegation included IOA chief PT Usha and officials from the Union Sports Ministry as well as the Gujarat state government. They met the Commonwealth Sport officials over two days in London. While the prop ...Read More >
New Delhi: Prime Minister Narendra Modi and external affairs minister S Jaishankar reiterated India's "zero tolerance" policy for terrorism and the need for decisive international action against terror and those who support it during meetings with British foreign secretary David Lammy on Saturday. Modi said India valued Britain's backing for the fight against cross-border terrorism while Jaishankar said India's partners should understand the "zero tolerance" policy for terrorism as the country ...Read More >
NEW DELHI: The Ministry of Statistics and Programme Implementation (MoSPI), in collaboration with NITI Aayog and the World Bank as knowledge partner, successfully hosted a two-day National Workshop on 'Using Alternate Data Sources and Frontier Technologies for Policy Making' at Bharat Mandapam, New Delhi on June 5-6, 2025. The event brought together over 450 participants, including government officials, statisticians, industry leaders, researchers, and representatives from multilateral organisat ...Read More >
Kota, Jun 6 (PTI) A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. She was arrested last week and is currently under judicial custody, they said. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over Stampede Tragedy Near Chinnaswamy Stadium. The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM b ...Read More >
MUMBAI: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. Speaking to reporters at the monetary policy press conference, Malhotra said that the bank has taken sufficient steps to improve its accounting practices. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I though ...Read More >
Mumbai: The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the bank is doing well overall. The remarks signalled regulatory comfort with the lender's actions so far, pushing its shares up over 5%. The RBI's comments come nearly three months after IndusInd Bank disclosed issues in its derivatives book, which triggered a 27% crash in its shares. Since then, the bank has seen ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem ...Read More >
Mumbai, June 6 (SocialNews.XYZ) Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon. However, the stock later gave up some of its early gains. During mid-day trade, around 1:45 pm, IndusInd Bank shares were seen consolidating and were trading at Rs 827.85, up by Rs 24.65 or 3.07 per cent on the National Stock Exchange (NSE). The bank had been facing scrutiny due to past ac ...Read More >
June 6 (Reuters) - Shares of India's IndusInd Bank (INBK.NS), opens new tab rose as much 5.3% on Friday after a deputy governor at the country's central bank said "things should settle down soon" at the lender, which has grappled with accounting lapses. IndusInd said in March that years of incorrect accounting of internal derivative trades led to a $230 million hit to its accounts for the financial year ended March 31. Separately, an internal audit of its microfinance business found that aroun ...Read More >
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