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Ujjivan SFB appoints Sriram Srinivasan as head of digital banking

New Delhi, Feb 7 (PTI) Ujjivan Small Finance Bank on Monday said it has appointed industry veteran Sriram Srinivasan as the new Head of Digital Banking.Srinivasan will be responsible for accelerating digital adoption across the bank and its services.He has a rich experience of over 26 years, having worked extensively in Japan, India, Singapore, Hong [...]

Passenger vehicle retail sales drop 10 pc in Jan as chip shortage continues: FADA

New Delhi, Feb 7 (PTI) Passenger vehicle retail sales declined 10 per cent year-on-year in January 2022, as the companies continued to suffer production loss amid semiconductor shortage, automobile dealers' body FADA said on Monday.The passenger vehicle (PV) sales dropped to 2,58,329 units last month, down 10.12 per cent from 2,87,424 units in January 2021."In [...]

Virescent Renewable Energy Trust raises Rs 650 cr via bonds

New Delhi, Feb 7 (PTI) KKR-backed Virescent Renewable Energy Trust ((VRET) has raised Rs 650 crore through domestic bond issue. "Virescent Renewable Energy Trust (VRET) raised Rs 650 crore through a domestic bond issuance across 7.33-year (Rs 150 crore) and 10-year (Rs 500 crore) tranches," a VRET statement said. According to the statement, this transaction [...]

The one-component Sputnik Light vaccine has been authorized in India; over 2.5 billion people live in countries that approved Sputnik Light as a standalone vaccine and a universal booster

Sputnik Light will be an important part of India's vaccination program and the fight against mutations of COVID, including Omicron. Sputnik Light has been authorized in more than 30 countries with total population of over 2.5 billion people. MOSCOW, Feb. 6, 2022 /PRNewswire/ -- The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) announces [...]

Forex market note

Mumbai, Feb 7 (PTI) G-Secs, forex and money markets will remain closed on Monday, says the Reserve Bank as the Maharashtra government announced a public holiday to mourn Lata Mangeshkar's demise. PTI MKJ MKJ

Dr Reddy’s gets DCGI nod for single-shot Sputnik Light vaccine

Hyderabad, Feb 7 (PTI) Dr. Reddy's Laboratories Ltd. on Monday announced that the Drugs Controller General of India (DCGI) has granted approval to the single-shot Sputnik Light vaccine for restricted use in emergency situation for COVID-19 in India. A press release from the drug maker said Dr. Reddy’s had submitted its application for approval to [...]
Sintex Industries insolvency in final stages, company receives revised bids

Sintex Industries insolvency in final stages, company receives revised bids

Four companies, including Reliance Industries, competing for Sintex Industries have revised their bids that will now be placed before the Committee of Creditors (CoC) of the debt-ridden textiles maker for approval. Mukesh Ambani-led Reliance Industries Ltd is jointly bidding with Assets Care & Reconstruction Enterprise for Sintex Industries and according to some media reports, the [...]

RBI postpones MPC meet to Feb 8 as Maha declares holiday on Mon

Mumbai, Feb 6 (PTI) The Reserve Bank of India (RBI) on Sunday announced rescheduling the meeting of rate-setting Monetary Policy Committee (MPC) by a day in view of Maharashtra declaring public holiday on February 7 to mourn death of Bharat Ratna legendary singer Lata Mangeshkar. The MPC meeting was scheduled for February 7-9, 2022. With [...]
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