Parliament has passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees. The bill also redefines ‘substantial interest’ in a bank and increases directors’ tenure in cooperative banks from 8 to 10…
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The Reserve Bank of India has scheduled its bi-monthly monetary policy committee meetings for the fiscal year 2025-26, starting from April 7-9. The committee, which includes three external members, will deliberate on the economic situation before announcing its monetary policy…
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Siemens Energy is divesting 90% of its wind business in India and Sri Lanka to an investor group led by TPG, transferring 1,000 employees and two plants. This move aims to streamline focus on core markets, with the new company…
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Adani Group has expressed interest in acquiring Jaiprakash Associates Ltd, which is undergoing insolvency. The National Company Law Tribunal has mandated that the acquisition be for the entire firm. JAL, with debts of ₹55,493.43 crore, has seen its loans transferred…
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Cooperation Minister Amit Shah revealed that 45,811 out of 8.32 lakh cooperative societies are under liquidation. As of March 2025, 6.37 lakh societies remain functional while over 1.50 lakh are non-functional. Since the formation of a separate ministry in 2021,…
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Ashok Leyland has denied reports about being in advanced talks to acquire the promoter’s stake in SML Isuzu from Sumitomo Corporation.
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