Sources said investigating officers from both the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), which are conducting parallel investigations in the case, have already been able to crack some, but more codes are still to be decoded.Sources said once the decoding is...
New Delhi, Realty firm Keystone Realtors Ltd on Tuesday reported 22 per cent growth in its sales bookings to Rs 611 crore during the April-June period of this financial year due to strong housing demand.In a regulatory filing, Keystone Realtors, which sells properties under the Rustomjee...
The total number of people employed in the country is expected to increase from 596.7 million in 2022-23 to 643.3 million in the financial year ending March 31, 2024.The data shows that while an average of 20 million jobs were created between 2017-18 and 2021-22, the number more than doubled...
New Delhi, Jio Financial Services on Monday said its group chief operating officer Charanjit Attra has resigned consequent to his appointment as managing director and CEO of Jio Leasing Services Ltd.Jio Leasing Services is a wholly owned subsidiary of the company.Atra has tendered his...
LONDON: Former India head coach Ravi Shastri has called for reducing the number of Test playing teams to six or seven with a promotion-relegation system to maintain the interest and quality of the traditional format, which is similar to the T20 league. Has been affected due to rise. Financial...
Mumbai, Japan's Sumitomo Mitsui Banking Corporation and French lender BNP Paribas on Monday announced the start of operations of the Gujarat International Finance Tec-City - International Financial Services Center (GIFT-IFSC) branch.The Japanese lender said the branch will focus on the foreign...
Mumbai: Non-bank lender Piramal Enterprises aims to accelerate growth pace to 15 per cent in the current financial year and increase its assets under management (AUM) to Rs 80,000 crore, according to company chairman Ajay Piramal.Piramal Enterprises had recorded 8 per cent growth in AUM at the...
Mumbai Reserve Bank on Monday said it has canceled the registration certificates of two NBFCs, Star Finserv India and Polytex India, due to irregular lending practices.Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures...
New Delhi: MobiKwik has become the largest digital financial services platform in terms of PPI wallet transactions by value in April and May, the company said on Monday.Citing Reserve Bank of India (RBI) data, MobiKwik said it has gained market share in financial transactions through prepaid...
New Delhi: The government will carry out a comprehensive review of the performance of agricultural producer organizations (APOs) as the three-year support period for these entities ends, Agriculture Minister Shivraj Singh Chauhan announced on Monday.Chauhan made the statement after visiting 55...
NBFCs include Mumbai-based Polytex India Ltd and Finserv India Ltd, operating from Banjara Hills in Hyderabad.RBI said Polytex India Limited complied with the RBI Guidelines on Code of Conduct in Outsourcing of Financial Services by outsourcing its core decision making functions related to...
New Delhi, MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI wallet transactions by value in April and May.Citing Reserve Bank of India (RBI) data, MobiKwik said it has gained its market share in financial transactions through prepaid payment...
New Delhi: The government should go ahead with disinvestment from public sector banks (PSBs) as they are in good condition, the SBI said in its research report on Monday.The report also advocates consolidation of existing state banks."Given that banks are in good condition, the government...
Kolkata: Eastern Railway saved electrical energy worth over Rs 12 crore in the first quarter of 2024-25 by using comprehensive measures to save traction and non-traction energy, an official said on Monday.He said that through regeneration of energy by three-phase engines, the...
The spatial deviation has reduced due to good rainfall over most parts of the country during the last week.North and West India (3 percent), Central India (-6 percent), East and North East India (0 percent), and Southern Peninsula (13 percent) have received normal rainfall so far. MK Global...
New Delhi: State-owned Punjab & Sind Bank plans to open 100 branches across the country during the current financial year as part of the strategy to expand its reach.During the year, the bank also plans to add 100 new ATMs to its network."With the addition of 100 branches, the total number...
New Delhi, Financial services group JM Financial on Saturday said it has decided to consolidate its stake in wholesale loan syndication and distressed loan businesses under a single platform.The consolidation aims to leverage JM Financial Group's expertise to achieve higher risk-adjusted...
New Delhi: The government has onboarded startups, ushering in a truly golden period for them, Paytm founder Vijay Shekhar Sharma said, adding that this is a dramatic change from the days in which new companies were located at the bottom of the "food chain" in recruiting jobs.The folklore of...
New Delhi: Debt-laden Future Group's FMCG arm Future Consumer on Saturday said it has defaulted in payment of Rs 449.04 crore due to bank loans as well as bond holders of the company due June end.The total default till June 30, 2024 includes an amount of Rs 284.81 crore on loan and revolving...
However, policy measures and regulatory interventions taken to address growing imbalances as well as securing a nine-month stand-by agreement from the International Monetary Fund (IMF) should help macroeconomic conditions improve in the second half of 2023. Found, SBP said. Its financial...