The Supreme Court has overturned high court orders that had halted actions against major defaulters, allowing the RBI and banks to resume proceedings. The court clarified that quashing administrative actions doesn’t prevent authorities from initiating fresh proceedings. FIRs and criminal…
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Federation of Indian Micro and Small & Medium Enterprises requests revisions to banking rules. The aim is to help MSMEs facing temporary financial difficulties. Fisme suggests introducing human review before classifying loans as SMAs. They also want easier guidelines. The…
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India’s economy continues to show signs of stability and resilience despite global uncertainties, according to EY’s Economy Watch report.
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IREDA has accused Gensol Engineering’s promoters of breaching their contract by diluting shareholding without lender approval and filed a complaint with the Economic Offences Wing. This action follows an internal review prompted by concerns over Gensol’s loan account, which is…
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The Asian Development Bank (ADB) pledged $5 billion in loans and grants to India in 2024, along with $2.2 billion in cofinancing, to support key developmental projects. Funding is directed towards healthcare, education, and infrastructure improvements across multiple states. Maharashtra…
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Nokia Solutions and Networks India divested its 0.95% stake in Vodafone Idea (Vi) through a bulk deal, raising Rs 785.67 crore. Goldman Sachs (Singapore) Pte was a major buyer, acquiring a 0.55% stake. This sale follows Vi’s allotment of shares…
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