Finance and Banking News

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[Finance and Banking News @Moosafiir]

Gukesh D becomes the youngest World Chess Champion. India is proud of you! #GukeshDing

[Finance and Banking News @Moosafiir]

State Bank of India (SBI), has called for counterbids from entities interested in acquiring bad debt of Rs 52,074 crore in Jaiprakash Associates Ltd through a Swiss challenge auction, triggered by an anchor bid from National Asset Reconstruction Company Ltd @TheOfficialSBI

[Finance and Banking News @Moosafiir]

Tech giant Samsung has challenged the legality of a 2022 CCI search and seizure, claiming the cloning of its employees' phones and data was illegal @CCI_India @SamsungIndia

[Finance and Banking News @Moosafiir]

Reliance NU Suntech, a subsidiary of Reliance Power, has secured India’s largest solar energy and battery energy storage system (BESS) project at 930 MW (megawatts) from the Solar Energy Corporation of India (SECI), according to an exchange filing. #SolarEnergy @reliancegroup

[Finance and Banking News @Moosafiir]

Emami fined Rs 15 lakh in decade-old Fair & Handsome misleading ads case.

[Finance and Banking News @Moosafiir]

Tivolt Electric Vehicles Pvt Ltd, the EV division of the diversified business conglomerate Murugappa Group, has signed a memorandum of understanding (MoU) with Tata Power Renewable Energy Ltd to enhance e-mobility for commercial vehicles, @TataPower

[Finance and Banking News @Moosafiir]

ReNew Energy plans buyback to delist from NASDAQ at 11.5% premium. @REWorld

[Finance and Banking News @Moosafiir]

Bank of Baroda has introduced Baroda Mahila Swavalamban, a loan scheme tailored for women entrepreneurs, offering competitive rates and flexible terms.@bankofbaroda

[Finance and Banking News @Moosafiir]

SBI is looking to sell bad loans worth Rs 2,732.5 crore related to Odisha-based ARSS Infrastructure Projects Ltd through a Swiss challenge auction and has invited expressions of interest from entities interested in submitting counter bids for the asset on a full cash basis. #SBI

[Finance and Banking News @Moosafiir]

The gross non-performing assets of public sector banks (PSBs) stood at Rs 3.16 trillion as of September 30, which is 3.09 per cent of the outstanding loans, Parliament was informed on Tuesday. #Banking #NPA

[Finance and Banking News @Moosafiir]

A total of 54.03 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), of which 11.30 crore accounts are inoperative, Parliament was informed on Tuesday. @PMJDY

[Finance and Banking News @Moosafiir]

Coca-Cola sells 40% stake in India bottling business Hindustan Cola Beverages to Jubilant Bhartia Group @CocaCola

[Finance and Banking News @Moosafiir]

Star Health and Allied Insurance, India’s largest standalone health insurance company, is expecting an 18 per cent growth in Gross Written Premium (GWP) to Rs 18,000 crore during the current financial year, up from Rs 15,254 crore in 2023-24. @StarHealthIns

[Finance and Banking News @Moosafiir]

Edelweiss Mutual Fund has launched a groundbreaking exchange-traded fund (ETF), the Edelweiss BSE Capital Markets & Insurance ETF, marking India’s first ETF dedicated to the capital markets and insurance sectors. @EdelweissFin

[Finance and Banking News @Moosafiir]

MobiKwik IPO subscribed 7.32 times on day 1 of issue, retail investors dominate with highest bids @MobiKwik #IPO

[Finance and Banking News @Moosafiir]

The Labour Ministry is launching its IT systems, enabling EPFO subscribers to withdraw provident funds directly from ATMs by January 2025. @socialepfo #EPFO

[Finance and Banking News @Moosafiir]

PM stresses need to ensure “insurance for all”
Speaking at the launch of LIC’s Bima Sakhi Yojana in Panipat. @narendramodi @LICIndiaForever

[Finance and Banking News @Moosafiir]

The Migsun Group has entered the commercial real estate sector in Greater Noida with a substantial investment of 160 crore in a mixed-use development. This project is strategically situated along the main thoroughfare of Alpha-II, Greater Noida.

[Finance and Banking News @Moosafiir]

Sanjay Malhotra takes charge as 26th RBI governor @RBI #RBI #SanjayMalhotra

[Finance and Banking News @Moosafiir]

Resentment among central govt employees’ for not setting up 8th Pay Commission: Lawmakers push FinMin for clarity on timeline. #FinMin #Centralgovt