Emirates NBD Bank is in advanced talks to invest Rs 15,000 cr in RBL Bank, aiming to become its largest shareholder with a 51% stake. The deal, pending RBI approval, will expand the UAE bank’s Asian footprint and tap into…
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Tata Trusts has likely approved a third term for N Chandrasekaran as Tata Sons chairman, a departure from retirement policy. This move signals confidence in his leadership amid ambitious projects like semiconductors and Air India’s revival. Chandrasekaran’s tenure has seen…
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Bira 91, maker of Bira beer, faces significant financial challenges. Its auditor’s report for fiscal year 2024 reveals an eroded net worth and doubts about its ability to continue operations. The company has accumulated substantial losses and its liabilities exceed…
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India is reconsidering its long-standing ban on genetically modified food crops. This shift could open doors for agricultural trade with the United States. A Supreme Court ruling on GM rapeseed is anticipated. Proponents believe this technology can boost farm productivity…
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Reserve Bank of India is launching a Digital Payments Intelligence Platform (DPIP) that will use AI to detect and prevent payment frauds in real time. Initially, a negative registry will flag suspicious entities, with the platform expanding to analyze transactions…
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Sebi Chairman Tuhin Kanta Pandey urged mutual fund trustees to implement robust early warning systems to detect irregularities and ensure timely interventions. He emphasized their fiduciary duty to actively safeguard investor interests, not just passively receive reforms. Trustees are crucial…
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