The National Company Law Tribunal (NCLT) in Ahmedabad has ordered the freezing and attachment of all bank accounts and lockers belonging to Gensol Engineering Limited and its associated entities.
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India’s retail inflation declined between April and August 2024 but saw a rebound in September and October, primarily due to a sharp rise in food prices, especially in vegetables and edible oils. This spike was followed by a moderation in…
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As per the recent annual report published by RBI, India’s payment and settlement systems saw significant growth in 2024–25, with overall transaction volumes increasing by 34.8%. RTGS transactions also rose, with a 12% increase in volume and a 17.8% rise…
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The Reserve Bank of India (RBI) will persist with supervisory measures for early risk identification and bolster cyber resilience in financial entities. The central bank emphasizes proactive risk management in the banking sector amidst global uncertainties, urging banks to address…
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After a federal court of the United States struck down a reciprocal tariff announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should proceed cautiously in its ongoing Free Trade Agreement (FTA) negotiations with…
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RBI’s staff strength grew to 13,520 by FY 2024-25, with 604 people hired in 2024. The hiring included 90 persons with disabilities and 54 ex-servicemen. Over 1,100 officers were trained in India and 106 abroad. The RBI also focused on…
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