Feb 17, Tuesday, 2025: On Friday, the Reserve Bank of India (RBI) stated that 20-non non-bank financial companies, including Reliance Commercial Finance and IDFC Limited, have surrendered their certificate of registration (CoR). Two non-banking financial companies (NBFCs) have surrendered their CoR as they have exited from the non-banking financial institution […]
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Feb 10, Monday, 2025: The rupee falls when it has already become Asia’s worst-performing currency of the year and as the RBI tries to build its forex reserves. The Indian rupee plunged to an all-time low of 87.94 against the US dollar on Monday, February 10, 2025. The Indian rupee […]
Feb 7, Friday 2025: In a significant move to stimulate India’s slowing economy, the Central Bank of India, RBI, has announced a 25 basis points (bps) reduction in the Repo rate, bringing it down to 6.25%. This decision, unveiled on February 7, 2025, marks the first rate cut in almost […]
31, Jan New Delhi, 2025: The Securities and Exchange Board of India (SEBI) canceled the registration of four stock brokers on Wednesday. The stocks include Single Window Securities, Sunness Capital India, GACM Technologies, and Infotech Portfolio, as they failed to meet the necessary registration requirements. The decision was made to […]
January 24, Mumbai: An order passed on Tuesday, Parrag Jaiin Nainutia, principal secretary of the department of information technology for Maharashtra (adjudicating authority under the IT Act), says, “In my considered view, Axis Bank’s failure to ensure reasonable security practices and procedures, as mandated under Section 43A of the IT […]
Jan 16 Thursday 2025: The Union Minister Cabinet approved on Thursday to set up the 8th Pay Commission to revise central government employees’ salaries and pensioners’ allowance. Prime Minister Narendra Modi announced the Cabinet’s decision to implement the 8th Pay Commission at a Cabinet meeting. The 8th Pay Commission will […]