The Reserve Bank of India is easing rules for foreign currency deposits. Interest rate caps on FCNR(B) deposits for three to five years are temporarily lifted. Restrictions on interest rates for NRE deposits of three years and above are also…
Read More
This is to speed up the use of electric vehicles and boost local production. Industry leaders met with Union Minister HD Kumaraswamy to discuss challenges. They also want more charging stations and faster approvals for new technologies. The minister assured…
Read More
India is seeking $2.5 billion from the World Bank and Asian Development Bank. This funding will boost urban infrastructure and create jobs. The loans are part of a larger five-year commitment. This support will help India upgrade its infrastructure and…
Read More
State Bank of India anticipates a massive Rs 5,000 crore profit from the National Stock Exchange’s upcoming Rs 30,000 crore IPO. This IPO is set to be India’s largest ever. Many long-term investors are also poised for extraordinary returns on…
Read More
Agson Global, a manufacturer of aroma ingredients, was admitted to insolvency proceedings by the National Company Law Tribunal following a petition filed by the erstwhile Allahabad Bank, now part of Indian Bank. NARCL, the state-backed “bad bank”, had acquired Agson…
Read More
Reliance Jio is planning to build its own low Earth orbit (LEO) satellite constellation of around 1,600-1,650 satellites at an altitude of about 650 km within the next two to three years to provide broadband and direct-to-device connectivity services.
Read More