NEW DELHI: The Reserve Bank of India (RBI) has imposed a fine worth Rs 46.7 lakhs on three firms for non compliance with certain provisions of directives issued by the Reserve Bank of India. In three separate press releases issued by the apex bank on 21 February, it issued a monetary penalty on CitiBank NA, […]
Bengaluru-based Hanto Workspaces plans to add 4 lakh square feet of workspace in the Bengaluru micro-market by FY26. The leasing operator is also looking to expand into Chennai, Hyderabad, Mumbai, and Pune. Founded in 2020, Hanto Workspaces has doubled its presence every year, according to Aashit Verma, Founder of the workspace provider. “We have been […]
The Chennai/US-based Zoho’s valuation has surged by 58 per cent to ₹1.03 lakh crore. It was in the second spot – after Serum Institute with a valuation of ₹2.11 lakh crore – among the top ten bootstrapped companies’ list, according to the Burgundy Private Hurun India 500 report. The top ten Bootstrapped companies list also […]
Telangana has attracted new investment proposals worth ₹3.25 lakh crore in the last three, according to a study conducted by the MSME Export Promotion Council. During the period, the private sector announced new investment projects of ₹62,500 crore. While 2021-22 saw new investment proposals to the tune of ₹85,087 crore, 2022-23 witnessed investment proposals worth […]
The government has procured over 13.38 lakh tonnes of groundnut at the minimum support price (MSP)in the kharif 2024-25 marketing season till mid-February. Per data from the National Agricultural Cooperative Marketing Federation of India (Nafed), bulk of the procurement has been carried out in Gujarat, where the government agencies have procured over 9.22 lakh tonnes […]
The market capitalisation of BSE listed firms slipped below Rs 400 lakh crore mark on Tuesday after continuous foreign fund outflows and lower than expected corporate earnings dampened investor sentiments.Equity markets ended the day with modest losses, blue chip indices like Sensex and Nifty-50, reflected slight declines amid ongoing volatility in global and domestic markets.Prashanth […]
Defence Secretary Rajesh Kumar Singh has said that the defence budget would go up by 9.5 percent from the current ₹6.21 lakh crores to ₹6.81 lakh crores in 2025-26. Rajesh Kumar Singh said, “The current year’s defence budget was ₹6.21 lakh crores, which will go up by 9.5 percent to ₹6.81 lakh crores in 2025-26. […]
The government is “actively considering” raising the deposit insurance limit beyond the current Rs 5 lakh, a top finance ministry official said on Monday. Days after the New India Co-operative Bank scam came to light, Department of Financial Services Secretary M Nagaraju announced that such a proposal is in the works. “The point about increasing […]
The Directorate General of Civil Aviation imposed a financial penalty of Rs 30 lakh in December last year on Air India Express for installing and operating a Boeing aircraft with an external livery without its permission, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Minister for State for Civil Aviation […]
The Government has procured over 14.73 lakh tonnes of soyabean at the minimum support price of ₹4,892 per quintal till February 11 this year. Over half of this procurement has been made in Maharashtra, followed by Madhya Pradesh and Rajasthan. As per the NAFED data, the soyabean procurement at MSP was over 8.36 lakh tonnes […]
