Equitas Small Finance Bank (ESFB) on Wednesday said that the Reserve Bank of India has okayed its proposal to reappoint MD and CEO Vasudevan P N for one year. "We wish to inform that pursuant to the bank's application vide its letter dated May 23, 2022, RBI vide its letter dated June 15, 2022 has [...]
Two officials of Punjab cooperative federation Markfed have been dismissed from service over charges of embezzlement in wheat stock and involvement in other irregularities. Markfed's Managing Director Ramvir dismissed the two officials on Monday after an enquiry into the matter. The matter came to fore after physical verification of the stock at Guruharsahai branch office. [...]
The price of tomatoes in the national capital has jumped 44 per cent in the last one month to Rs 46 per kg with supply being disrupted due to heat wave and lower production in South India. According to data available on the website of the Department of Consumer Affairs, tomato prices in Delhi have [...]
The government is all set to start the auction of 5G airwaves by July end. The airwaves will be auctioned for 20 years with no mandate to make upfront payments by the winners. The successful bidders will be required to pay annual instalments at the start of each year with an option to surrender the [...]
Capital markets regulator Sebi on Wednesday sent notices to stock exchanges BSE and NSE asking them to pay over Rs 5 crore in a case related to Karvy Stock Broking Ltd (KSBL) and warned of attachment of assets and bank accounts if they fail to make the payment within 15 days. The notices came after [...]
The US on Wednesday announced USD 120 million in new loans to Sri Lanka to grow and support small and medium-sized businesses in the debt-ridden island nation. According to the US Embassy here, the US International Development Finance Corporation (DFC) Board of Directors has approved the loan in new investments that will reach small and [...]
Global apparel and jeanswear major Levi Strauss & Co on Wednesday announced the appointment of Amisha Jain as its new Senior Vice-President and Managing Director of South Asia-Middle East and Africa (SAMEA). Jain, who was CEO at Zivame - an intimate-wear brand, will be responsible for leading the company's operations in SAMEA and ensuring that [...]
The UAE has ordered a suspension of exports and re-exports of wheat and wheat flour originating from India for four months, the Gulf nation's ministry of economy said on Wednesday. The move follows India banning the export of wheat last month to check the surge in local prices. With this, Indian wheat cannot be rooted [...]
PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering to raise funds through an initial public offering for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday. The digital payment company is seeking a valuation of USD 8-10 billion, they added. According [...]
The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore, a report said on Wednesday. In comparison, billionaire Mukesh Ambani's Reliance Industries -- which houses nearly all its ventures -- saw a 13.4 per cent rise [...]
