J&K Bank appoints Amitava Chatterjee as its new MD
Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29.
MPC minutes show demarcation in views, says Emkay Economist
The December MPC meeting minutes showed a clear demarcation in views between the internal and (most of) the external members. Dr Kumar and Professor Singh, while calling for a repo rate cut, spoke of the lack of impact of monetary policy on supply-shock led food inflation, while mentioning its effect on consumption and investment demand.
Full text: Minutes of the Monetary Policy Committee Meeting
The fifty second meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 4 to 6, 2024.
RBI imposes penalty on IndusInd, Manappuram Finance
In the case of IndusInd Bank, the RBI said the Rs 27.30 lakh penalty is imposed for non-compliance with certain provisions of ‘Reserve Bank of India (Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
Adani opts out of US funding for its Colombo Port project
Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project
Gautam Adani, Sagar Adani clear of bribery charges as per DoJ Indictment, claims AGEL
In its filing, AGEL has cited the news reporting by various media houses on the bribery and corruption charges against Adani Officials as ‘Incorrect’. “Media articles which state that certain of our directors namely Mr. Gautam Adani, Mr. Sagar Adani and Mr. Vneet Jaain have been charged with violation(s) of the US Foreign Corrupt Practices Act (FCPA) in the indictment.
Moody’s cut rating outlook on seven Adani companies
Moody’s affirmed the ratings on all seven entities — Adani Ports and Special Economic Zone Ltd, two limited restricted groups of Adani Green Energy Ltd, Adani Transmission Step-One Ltd, Adani Transportation Restricted group 1 (AESL RG1), Adani Electricity Mumbai Ltd and Adani International Container Terminal Pvt Ltd.
Too little, too distant! India rejects USD 300 bn climate finance package for Global South
India on Sunday rejected the new climate finance package of a meagre USD 300 billion annually by 2035 for the
PLI scheme: Selective approach on performance incentive unacceptable, says AIBEA in letter to Government
“It risks fragmentation of the workforce and impairing the collective growth and harmony, which is paramount and essential for any organizational growth and sustainable success,” C H Venkatachalam, general secretary of AIBEA said in the letter.
Exchanges seek clarification on disclosure violations by Adani Group entities
On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses