The Assembly polls in Maharashtra will be held in a single phase on November 20, while Jharkhand polls will be held in two phases on November 13 and 20, the Election Commission of India announced on Tuesday.
Author: Pradeep Jayan
Five Interesting Facts About Ratan Tata’s Career Graph
Ratan Tata’s illustrious career is a testament to his visionary leadership, strategic acumen, and commitment to ethical business practices. Over the decades, he has guided Tata Group to unprecedented heights, while also contributing to philanthropy and social causes. Here are five interesting facts about his career graph:
Banks took 75% haircut in Adani takeover deals in IBC pushing banks to huge losses, highlights AIBEA data
Adani buyouts in IBC have meant huge losses for banks in admitted claims
Indian NBFI Regulatory Actions Bring Governance to the Forefront, says Fitch ratings
Governance and compliance issues can greatly diminish customer and market confidence, potentially undermining funding and business activities. Severe non-compliance may result in stringent regulatory sanctions, which can negatively affect the issuer’s franchise strength and heighten the risk of default, especially if liquidity buffers are thin.
RBI imposes monetary penalty on Muthoot Housing Finance
After considering the company’s reply to the notice and oral submissions made by it during the personal hearing, RBI found that the company failed to take prior written permission of the RBI for change in management resulting in change of more than 30 per cent of its directors, excluding independent directors, warranting imposition of monetary penalty, the RBI said.
RBI asks banks to take necessary steps on Microsoft outage, says only 10 banks and NBFCs affected
Reserve Bank of India clarifies on impact of outage in Microsoft Services on its Regulated Entities Large scale outage in Microsoft Services is impacting IT systems globally leading to disruptions in various…
Hinduja Tech signs definitive agreement to acquire Tecosim Group
Hinduja Tech(HT), a subsidiary of Ashok Leyland, the Indian flagship of the Hinduja Group, today announced the signing of a definitive agreement to acquire Tecosim Group. This strategic acquisition broadens Hinduja Tech’s presence in the European and international markets and solidifies its position as a leading provider of mobility engineering services worldwide, a press release said….
Seeds Fincap Raises Over $8.5M Led by Lok Capital and Matrix Partners India
Non-Banking Financial Company (NBFC) Seeds Fincap Pvt. Ltd. raised over $8.5 million in a Series A funding round led by Lok Capital and Matrix Partners India (aka Z47). The funds will enable Seeds Fincap to expand…
Virendra Sehwag invests in Getepay
Jaipur-based fintech start up Getepay has announced investment by cricketer Virendra Sehwag to expand digital payments business. “I am thrilled to be onboard Getepay and be a part of their digital innovation journey….
Kotak Mahindra Bank announces new distribution structure under Pranav Mishra
Kotak Mahindra Bank on July 16 annoucned its new distribution structure as part of its growth strategy under Pranav Mishra . The distribution structure integrates the Physical branch network, Digital Branch channel…