The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on State Bank of India (SBI) on November 26, 2021, for violating sub-section (2) of section 19 of the Banking Regulation Act, 1949. SBI held shares in the borrower companies of an amount exceeding 30 percent of the paid-up share […]
RBI imposes Rs 1 Crore penalty on SBI For violating norms Read More »
Indian Oil, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited announced the launch of Model Retail Outlet Scheme and a Digital Customer Feedback Program called Darpan@petrolpump. Three oil PSU’s have joined hands to launch Model Retail Outlets to enhance service standards and amenities, across their networks. The initiative was inaugurated by Minister of Petroleum and
Indian Oil, BPCL, HPCL launch Model Retail Outlet Scheme Read More »
Yes Bank has collaborated with Amazon Pay and Amazon Web Services (AWS) to offer customers an instant real-time payment system through a UPI transaction facility. UPI facilitates inter-bank peer-to-peer and person-to-merchant transactions through Yes Bank’s digital payments platform, and expands Yes Bank’s digital banking offerings. The integration enables Amazon Pay to issue UPI IDs with the @yapl handle, allowing customers to make secure, fast, and convenient payments.
YES Bank Partners With Amazon Pay For UPI Transactions Read More »
Bajaj Allianz General Insurance has partnered TropoGo, a deep-tech start-up, for the distribution of its new Drone Insurance cover. The drone insurance product will cover damage to the Drone and Payload it carries. Drone owners and drone manufacturing companies can avail an annual third-party and comprehensive coverage for accidental damage, theft, and disappearance. Companies can also avail customized insurance
Bajaj Allianz partners TropoGo to distribute ‘drone insurance’ products Read More »
The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement. The loan from ADB will fund at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people, it added. It will support India’s National Deployment and Vaccination Plan which aims to fully vaccinate 94.47 crore people aged 18
ADB Approves $ 1.5 Billion Loan to India for Purchasing Covid-19 Vaccines Read More »
The Union Government on Saturday formed a five-member high-level ‘Central Vista Oversight Committee’ in a bid to monitor and ensure timely completion of the Modi government’s one of the most ambitious infrastructure projects aimed at revamping the Central Vista or Rajpath in the Delhi. The committee will be headed by former finance secretary Ratan P Watal.
Govt forms ‘Central Vista Oversight Committee’ to expedite pace of project Read More »
GHCL Limited, a chemical and textile company, has signed an MoU (Memorandum of Understanding) with the Government of Tamil Nadu for investing ₹500 crores in the State. As per the MoU, GHCL will set up 40,000 ring spindles in Manaparai, Tiruchirappalli district, to produce synthetic and synthetic blended yarn. GHCL also plans to develop an EHT (extra high tension) power transmission facility in
GHCL signs MoU worth ₹500 crore with Tamil Nadu Read More »
Bihar, Jharkhand, and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog’s first Multidimensional Poverty Index (MPI) report. As per the index, 51.91 percent population of Bihar is poor, followed by 42.16 percent in Jharkhand, 37.79 percent in Uttar Pradesh. While Madhya Pradesh (36.65 percent) has been placed fourth in
Bihar, Jharkhand, UP emerge as poorest states in India: NITI Aayog Read More »
RuPay, the flagship product of NPCI, has come on board as the title sponsor of the Prime Volleyball League. RuPay, the first-of-its-kind Global Card payment network from India, with wide acceptance at ATMs, POS devices, and e-commerce websites across India acquires the title sponsorship rights for three years of India’s latest franchise-based sports league, which is set
Prime Volleyball League signs RuPay as title sponsor for 3 years Read More »
Amazon, Tata Tea, and Asian Paints emerged as the most purposeful brands in India across technology, fast-moving consumer goods (FMCG), and in non-FMCG categories respectively, according to findings of the Kantar’s BrandZ India 2021 report released. In technology ranking, Amazon leads the index followed by Zomato, YouTube, and Google, and Swiggy jointly in 4th place. While Asian Paints topped the non-FMCG rankings, Samsung and Jio ranked jointly in the 2nd position. ,
Amazon, Asian Paints, Tata Tea top Most Purposeful Brands Ranking Read More »
