The RBI would consider granting a licence for commencement of banking business in WOS mode under Section 22 (1) of the Banking Regulation Act, 1949 to Emirates NBD Bank PJSC, on being satisfied that the bank has complied with the requisite conditions laid down by RBI as part of “in-principle” approval,” the RBI said. | […]
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Reliance Power Ltd. said it had signed commercial term sheet for long-term Power Purchase Agreement (PPA) with Green Digital Private Ltd. (GDL), owned by Druk Holding and Investments Ltd. (DHI), the investment arm of the Royal Government of Bhutan. Reliance Power and DHI will jointly develop Bhutan’s largest solar power project through a 50:50 venture, […]
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Coffee Day Enterprises Ltd. said, the Coffee Day Trading Ltd. (CDTL), a material subsidiary of the company, has proposed to sell its investment in Magnasoft Consulting India Private Ltd. (MCIPL) for an aggregate consideration of ₹23.56 crore. According to a regulatory filing made by the company, CDTL’s investment comprises 2,61,85,728 equity shares held in MCIPL, […]
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The Securities and Exchange Board of India (SEBI) has listed guidelines for market infrastructure institutions to set up an internal audit committee, according to a circular on Monday. SEBI underlined the new guidelines “in order to further strengthen the governance mechanism at MIIs,” the circular stated. The markets watchdog said the audit would be on […]
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Nissan Motor India has denied reports on potential closure of certain plants in India, terming them ‘speculative’. “As a policy we do not comment on speculatory reports. Nissan remains committed to its India operations, dealers, partners, and customers,” a company spokesperson said in a statement. “Regarding the recent reports on the potential closure of certain […]
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The expansion was part of its broader growth strategy, Myntra said. | Photo Credit: SOMASHEKARA GRN Myntra, a fashion, beauty and lifestyle e-commerce platform headquartered in Bengaluru, on Monday (May 19, 2025) announced its foray into global markets with the launch of Myntra Global. The company also announced its entry into the Singaporean market to […]
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In India, as per India Bullion & Jewellers Association (IBJA) rates, gold 999 which closed at ₹92,301 per 10 grams rose to ₹93,785 in closing on Monday. | Photo Credit: Jae C. Hong Moody’s rating downgrade of U.S. credit rating has given a breather to gold prices which have rebounded a bit following correction from […]
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A view of Delhi High Court. | Photo Credit: Sushil Kumar Verma The Union government on Monday (May 19, 2025) opposed a plea in the Delhi High Court by Turkish firm Celebi Airport Services India Pvt. Ltd. and another associated company, challenging the Bureau of Civil Aviation Security’s (BCAS) decision to revoke their security clearances. […]
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Currently being tested in three countries, including in Australia, the QR codes will be rolled out in India depending on the preparedness of manufacturers who have to incorporate the new generation barcodes in their products, said top GS1 executives. | Photo Credit: Reuters The next-generation QR Codes will be introduced by GS1, a global standards […]
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As per the proposals in the draft, a single RE’s contribution to any AIF scheme will be capped at 10% of its corpus and collectively a ceiling of 15% will apply for investment by all REs in an AIF scheme. | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) on Monday issued revised […]
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