Gadkari said the government has formulated a multi-pronged strategy...
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Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India...
Russia’s Rosatom delivers nuclear fuel To Kudankulam plant in Tamil Nadu
These shipments are provided under a contract signed in 2024, which...
RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh
"Considering the crucial role of non-executive directors in efficient functioning of bank boards and its various committees and in order to further enable the banks to sufficiently attract qualified competent individuals on their boards, it has been decided to revise...
Govt formulating action plan to compensate victims of cyber financial frauds
Vivek Joshi, Secretary, Department of Financial Services Also discussed was the issue of integration of Citizen Financial Cyber Fraud Reporting and Management System platform with National Cybercrime Reporting Portal with the aim to centralise the platform that will...
Govt and ADB sign $200 million loan to tackle flood and erosion risk along Brahmaputra river
“Through the project, ADB continues to pursue its cost-effective, adaptive, and systematic river stabilisation approach to managing the Brahmaputra river. While deploying riverbank protection technology, ADB will also continue to build the capacity of state agencies...
New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses
"FY24 continues to be a challenging year for the company. In the third quarter, the country witnessed catastrophic events like cyclone Michaung and floods in South India, Sikkim West Bengal. The net impact of these events on the company's third-quarter results was...
Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues
The exporting community has urged the commerce ministry to intervene in freight rates as the shippers are charging huge amounts.High freight rates are impacting the exporting community. We are at dis-advantageous position as compared to countries which are not getting...
LIC becomes fifth most valuable firm as stocks soar, GIC Re and New India hit record high
The company's market valuation went up by Rs 38,740.62 crore to Rs 6,99,702.87 crore. With this, the company became the fifth most valued firm by market capitalisation (mcap), beating ICICI Bank Mumbai: Though the sock market slided on Thursday , shares of Life...
Par panel asks ministries to work on mechanism to check virtual accounts misuse
The panel said that while being briefed about the various modes of cyber frauds, the MHA representatives submitted that a virtual account was one such issue that fraudsters were using for committing frauds. It was further submitted that these virtual accounts were...
LIC net surges almost 50% to Rs 9,444 crore in Q3 FY23-24
"Our consistent and focused approach towards diversifying and changing our product mix is now yielding results at a faster pace. " Chairperson Siddhartha Mohanty, said Mumbai: Life Insurance Corporation of India reported a nearly 50% rise in third-quarter profit on...
RBI plans new framework for authentication of digital transactions
To enhance the security of AePS(Aadhaar Enabled Payment System ) transactions, it is proposed to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by banks. Additional fraud risk management requirements...
RBI leaves key rates unchanged as inflation remains above 4%
Monetary policy must continue to be actively disinflationary, RBI Governor Shaktikanta Das said in his statement MUMBAI: India's key rate was left unchanged for a sixth straight meeting on Thursday, as inflation remained above the central bank's 4% medium-term target...