RBI cancels licence of Purvanchal Co-op Bank, Ghazipur
The Reserve Bank has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects. The Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar Pradesh has also been asked to issue an order for winding up the bank and appoint a...
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SBI expects 14-15 per cent credit growth in current fiscal: Chairman
18 June 2024 | PTI -
Extreme heat melts diesel demand, sales drop 4 per cent in June
18 June 2024 | PTI -
SBI expects 14-15 pc credit growth in current fiscal: Chairman Khara
17 June 2024 | PTI -
Extreme heat melts diesel demand, sales drop 4 pc in June
17 June 2024 | PTI -
Essar to invest Rs 30,000 crore in green hydrogen plant in Gujarat
17 June 2024 | PTI -
PwC India expects upswing in small, mid-size M&A transactions
17 June 2024 | PTI -
CBIC cautions public against frauds in name of Indian Customs
17 June 2024 | PTI
Indian room air-conditioner market to reach Rs 50,000 crore by FY29: Voltas
The India room air-conditioners (RAC) market is likely to grow at a healthy CAGR of 12 per cent to reach Rs 50,000 crore by FY 2028-29, Tata group firm Voltas said in its latest annual report. The competition in the Indian RAC market has “intensified” with the presence of homegrown and...
With 30 per cent topline growth, Godrej Appliances expects to join billion-dollar club in FY25
Home-grown firm Godrej Appliances expects to become a billion-dollar company by the end of this fiscal, led by a 30 per cent growth in topline, a senior company executive said. The company is “very optimistic” about the short-term and mid-term outlook of the domestic market, during which it will launch new...
SOP in final stages to facilitate visa for Chinese technicians needed in manufacturing units: Official
After formulating a standard operating procedure (SOP) for streamlining visa approvals for Chinese professionals whose expertise is required by vendors under the PLI scheme, the government is in the final stages to put in place similar processes for other manufacturing units, an official said. The move assumes significance as some domestic...
Income tax relief for those in lowest slab may need to be considered in Budget: CII
Income tax relief for the people in the lowest slab may need to be considered in the upcoming full Budget for 2024-25 considering the high levels of inflation, according to newly-elected CII President Sanjiv Puri. In an interview with PTI, he also suggested creation of an institutional platform for consensus building...
