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Mumbai: The Reserve Bank has allowed Quant Mutual Fund to increase its stake in RB Bank to 9.98 per cent, according to a regulatory filing.As of May 10, Quant MF held 4.68 per cent equity share capital in the private sector lender through its various schemes."RBI has approved Quant Money...

Dubai [UAE], Due to sea conditions and wind patterns, the Higher Organizing Committee of the 33rd Al Ghafal 60 Feet Traditional Dhow Sailing Race has decided to postpone the race, originally scheduled to take place on Wednesday, May 15, 2024. The competition will be held now. Participate on two...

New Delhi: Retail inflation declined to 4.83 per cent in April due to fall in prices of some kitchen items, according to government data released on Monday.Consumer Price Index (CPI) based retail inflation stood at 4.85 percent in March. In April 2023 it was 4.7 percent.According to data...

Udhampur (Jammu and Kashmir) [India], 84 Battalion Central Reserve Police Force (CRPF) on Sunday organized a free medical camp at the Government Higher Secondary School in Kud area of ​​Udhampur, Jammu and Kashmir. The day-long camp was aimed at providing free medical check-up and medicines to...

Nagpur: A leopard cat has been spotted for the first time in Maharashtra's Pench Tiger Reserve, a senior forest official said on Sunday.The leopard cat, whose scientific name is Prionelurus bengalensis, belongs to the Felidae family, and is famous for its leopard-like coloration.The release...

Mumbai (Maharashtra) [India], The Reserve Bank of India (RBI) has appointed Lakshmi Kanth Rao as Executive Director (ED) with immediate effect. Before being promoted to ED, Rao had served as chief general manager in-charge in the department. Regulation Rao has over three decades of experience...

Mumbai, The Reserve Bank of India (RBI) on Friday appointed R Lakshmi Kanth Rao as Executive Director (ED).Before being promoted as ED, Rao was serving as chief genera manager-in-charge in the regulation department, the RBI said in a statement.As ED, Rao will look after the Deposit Insurance...

Mumbai: The Reserve Bank of India (RBI) on Friday said 15 NBFCs, including Tat Capital Financial Services and Revolving Investments, have returned their registration certificates due to various reasons.Nine non-banking financial companies (NBFCs) have ceased to be legal entities due to...

New Delhi [India]: The Reserve Bank of India (RBI) may transfer around Rs 1000 billion to the government in FY2015, according to a report by Union Bank of India. The report highlights that RBI is expected to maintain a strong dividend payout. Financial year 2025 (FY25). This estimate represents...

New Delhi: The Reserve Bank has asked NBFC companies not to disburse more than Rs 20,000 in cash on loan against gold in line with income tax laws.In an advisory issued to gold loan financiers and microfinance institutions earlier this week, the Reserve Bank of India has advised them to comply...

New Delhi [India], Reserve Bank of India Governor Shaktikanta Das on Wednesday held a meeting with key stakeholders in the UPI ecosystem. Stakeholders included banks, National Payments Corporation of India (NPCI), third party application providers and technology service providers, the discussion...

Mumbai, Reserve Bank Governor Shaktikanta Das on Wednesday discussed ways to enhance the UPI ecosystem, expand products and promote innovative payment solutions with the bank and other stakeholders.UPI (Unified Payments Interface) is an instant real-time payment system developed by the...

Giridih: A 25-year-old Indian Reserve Battalion (IRB) soldier was killed and another soldier was injured when the bus carrying them collided with a divider in Jharkhand's Giridih district on Tuesday.He told that this incident happened near Hesla, about 150 km from Ranchi, the capital of...

On Monday, the rupee fell 7 paise to close at 83.52 against the US dollar.Indian Rupee is trading almost stable due to weak domestic markets and positive US Dollar. FII outflows also weighed on the rupee, said Anuj Chaudhary, research analyst at Sharekhan by BNP Paribas.However, softening...

Mumbai: India Ratings and Research on Monday raised the country's GDP growth forecast for FY20 to 7.1 per cent from 6.5 per cent earlier.This estimate is slightly higher than the Reserve Bank's estimate of 7 percent.In a statement, the domestic rating agency said strong support from...

New Delhi: PSU bank shares fell on Monday after the Reserve Bank proposed stricter rules for lending to projects under implementation.On BSE, Punjab National Bank (PNB) shares fell 6.41 per cent, Canara Bank shares fell 5.42 per cent, Bank of Baroda shares fell 3.71 per cent and Union Bank of...

Mumbai (Maharashtra) [India], Stock indices, Sensex and Nifty started the trading week with a rise, boosted by positive global cues. Sensex opened with a gain of 178.02 points at 74,064.96, while Nifty opened with a gain of 49.3 points at 22,523.30. But the day started. In the early session, 31...

Shopian (Jammu and Kashmir) [India], In a joint operation of the Indian Army, Central Reserve Police Force and Jammu and Kashmir Police, two persons carrying weapons were caught in Alura, Shopian, Jammu and Kashmir on Sunday. Weapons were recovered from them. One pistol, two hand grenades and...

WASHINGTON [US]: Famed investor and American businessman Warren Buffett addressed concerns about US debt and inflation during Berkshire Hathaway's annual meeting. He emphasized the dollar's resilience as a reserve currency and expressed confidence in the US economy despite the national debt...

New Delhi [India], The Reserve Bank of India added 5 tonnes of gold to its reserves during March. There has been a net increase in the gold reserves of central banks around the world. According to World Gold Council data, the total net purchase of gold during the month was 16 tonnes. Gold demand...