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Business

RBI Slaps Citibank and IDBI Bank with Fines for Regulatory Non-Compliance

The Reserve Bank of India has imposed fines on Citibank and IDBI Bank for non-compliance with regulatory guidelines, highlighting the importance of adherence to financial regulatio...

Business

Six Major Entities Settle FPI Rule Violations with Sebi, Marking a Significant Compliance Milestone

Six entities, including Acacia Partners, have settled an FPI rule violation case with Sebi for Rs 4.1 crore, without admitting or denying the findings. Stay updated with business n...

Business

India's Forex Reserves Surge by $305 Million, Marking a Significant Economic Milestone

India's forex reserves have increased by $305 million to $654.3 billion, marking a significant economic milestone. This growth highlights the country's economic resilience and robu...

Business

IndusInd Bank Initiates External Probe into Derivative Portfolio Discrepancies

IndusInd Bank's board has decided to appoint an external agency to investigate discrepancies in its derivative portfolio, focusing on root causes, accounting accuracy, and accounta...

Business

Haldiram's Historic Merger: A New Era for Delhi and Nagpur's Snack Empire

Haldiram's, a leading Indian snack brand, is nearing a historic merger between its Nagpur and Delhi branches, valued at Rs 84,000 crore. This deal with Temasek Holdings marks a sig...

Business

B Capital Targets Early-Stage Investments in India Amid High-Quality Startup Boom

B Capital, led by Facebook co-founder Eduardo Saverin, is focusing on early to mid-stage investments in India, targeting high-quality startups, especially those leveraging AI, deep...

Business

L&T Aims to Secure Rs 12,000 Crore via Debt Instruments for Future Growth

L&T plans to raise Rs 12,000 crore through debt instruments for financial requirements and organizational changes. Subramanian Sarma promoted to deputy MD, reflecting L&T's interna...

Business

Boeing Announces Major Layoffs in India: Up to 180 Engineers Affected in Bengaluru

Boeing has laid off up to 180 employees in Bengaluru as part of a global downsizing effort, affecting its India Engineering Technology Center. Despite this, Boeing views India as k...