- Business
- December 10, 2024
Dabur’s Burman Family To Acquire 26% Stake In REL; Gets RBI Nod – Detail
New Delhi, Dec 10 (PTI) The Reserve Bank has approved the open offer of Burman family — the promoters of FMCG major Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL). The central bank also directed maintaining of the current board/management structure of REL. The Reserve Bank of India (RBI) said it has granted its…
- Business
- December 9, 2024
Intel’s Pat Gelsinger Is ‘Fasting’ On Thursdays: Retired Or Fired?
Patrick P. Gelsinger, Former CEO of Intel, took to X late at night on Sunday to express that every Thursday he does a 24-hour prayer and fasting day. What Is Behind This Sudden Spirituality? On December 2, last week, Intel, the tech company headquartered in Santa Clara had announced that Pat Gelsinger had retired from the firm, effective immediately. Intel had also named…
- Business
- December 9, 2024
Revenue Secretary Sanjay Malhotra Appointed As New RBI Governor
Sanjay Malhotra, who was previously the Revenue Secretary, has now been appointed as the Governor of the Reserve Bank of India. He is reportedly going to take charge of the central bank from Wednesday for the next three years, the government said in a statement. Sanjay Malhotra is an Indian Administrative Services (IAS) officer from the 1990-batch of the Rajasthan cadre. The Centre’s…
- Business
- December 8, 2024
IPOs This Week: Full List Of Mainstream And SME IPOs On BSE, NSE – Subscription Dates, Price Band
The momentum in India’s primary market remains strong as 2024 approaches its final weeks. Over 300 companies have collectively raised nearlyRs 1.4 lakh crore through initial public offerings (IPOs) this year, with more activity expected in the coming days. The week starting December 9 is set to be action-packed, with nine IPOs opening for subscription and three companies scheduled to debut on the…
- Business
- December 8, 2024
PM Kisan Beneficiary Status: PM Kisan 19th Installment – When Will Govt Release Next Installment
Farmers across India must stay informed about the latest developments in the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) scheme to ensure uninterrupted benefits. The government has recently mandated compliance with updated eligibility criteria, making specific steps crucial to receiving the 19th instalment of Rs 2,000 scheduled for early 2025. Mandatory Farmer Registration for 19th Installment As per the latest directive from the…
- Business
- December 8, 2024
Days After MPC, RBI Governor ShaktiKanta Das Meets FM Nirmala Sitharaman – Details
RBI Gov Meets FinMin: A day after presenting bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das on Saturday met Finance Minister Nirmala Sitharaman . The meeting comes just ahead of the extended term of incumbent RBI Governor coming to an end. Das’s three-year extended term comes to an end on December 10. In 2021, the government had announced a three-year extension to Das’s…
- Business
- December 7, 2024
Budget 2025: FM Nirmala Sitharaman Meets Farmers – Details
Union Finance Minister Nirmala Sitharaman chaired the second Pre-Budget Consultation meeting on Saturday with representatives from various farmer associations and prominent agricultural economists in the national capital. The discussions were held as part of preparations for the Union Budget 2025-26. The meeting focused on understanding the key challenges and opportunities in the agriculture sector. Representatives from the farming community shared their suggestions on…
- Business
- December 7, 2024
LG Electronics India IPO: Rs 15,000 Crore Mega Issue – Company Files Papers With SEBI
LG Electronics India IPO: South Korea’s LG Electronics Inc has announced plans to list its Indian subsidiary, LG Electronics India, by filing draft papers with the market regulator for an initial public offering (IPO). The consumer durables giant aims to raise approximately $1.8 billion (Rs 15,237 crore) through the offering. The IPO is expected to rank among India’s top five largest public issues, alongside…
- Business
- December 6, 2024
RBI MPC Meeting: Repo Rate Unchanged At 6.5%, Cuts CRR By 50 bps
The Reserve Bank of India ( RBI ) has opted to keep the benchmark repo rate unchanged at 6.5 per cent for the eleventh consecutive meeting. The RBI’s Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, maintained its “Neutral” stance, highlighting its focus on achieving price stability while supporting economic growth.Governor Das emphasised that while growth remains a priority, price stability is…
- Business
- December 6, 2024
India’s Growth Offers Phenomenal Opportunities to American Investors: K V Subramanian
Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India’s Executive Director at the IMF Dr K V Subramanian on Thursday said India’s growth offers phenomenal opportunities to American investors. Subramanian said this during the launch of his latest book “India@100: Envisioning Tomorrow’s Economic Powerhouse”. “The opportunities that are available for the American investors actually…
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