The Reserve Bank of India (RBI) has announced the imminent release of new ₹100 and ₹200 denomination banknotes. These notes will belong to the Mahatma Gandhi (New) Series and will bear the signature of Shri Sanjay Malhotra, the newly appointed RBI Governor. The introduction of these banknotes is a standard procedural update that follows the …
March 13 marks Holika Dahan, a significant festival in India, leading to bank holidays in select states. As per RBI regulations under the Negotiable Instruments Act, banks observe holidays based on regional customs. If you have banking tasks, check if your state observes a holiday. Meanwhile, stock markets (BSE and NSE) will operate as usual …
The Sahara Group’s cooperative societies have faced numerous complaints regarding the non-payment of deposits. With 5.42 lakh depositors and ₹1,13,504 crore in total deposits as of March 31, 2023, the Supreme Court intervened to ensure refunds. In a landmark order on March 29 2023, the court directed ₹5,000 crore from the Sahara-SEBI Refund Account to …
NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), has launched a new sectoral index, Nifty Chemicals. The index is designed to track the performance of chemical sector stocks within the Nifty 500. Index Composition The Nifty Chemicals Index consists of the top 20 stocks from the chemical sector, selected based …
The Indian government has taken stringent action against fraudulent health insurance claims under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). As per Union Minister of State for Health, Prataprao Jadhav, authorities have rejected 3.56 lakh fraudulent claims worth ₹643 crore and de-empanelled 1,114 hospitals involved in irregularities. Additionally, 1,504 hospitals have been fined ₹122 …
New Delhi, Mar 12 (PTI) Most IT leaders are confident about their cybersecurity resilience measures, even though a significant number of Indian organisations have experienced cybersecurity failures in the past 12 months, a study has found, showing a disconnect between perception and reality. According to a study by cloud security firm Zscaler, 67 per cent …
Domestic brokerage firm HDFC Securities has settled a case with market regulator SEBI over alleged non-compliance with regulatory norms by paying a settlement amount of ₹65 lakh. The settlement was reached through a regulatory order issued on Tuesday (March 11). Settlement Without Admission of Guilt The order followed an application filed by HDFC Securities with …
To safeguard domestic manufacturers from unfair pricing practices, India has imposed an anti-dumping duty of up to ₹86,116 (US$ 986) per tonne on Trichloro Isocyanuric Acid, a chemical widely used for water treatment. This duty applies to imports from China and Japan and will remain in effect for 5 years, as per a Ministry of …
Leadership Transition at HCL Group Shiv Nadar, the founder of HCL Group, has transferred 47% of his stake in HCL Corporation Private Limited and Vama Sundari Investments (Delhi) Private Limited (Vama Delhi) to his daughter, Roshni Nadar Malhotra. This move makes Malhotra the majority shareholder of both entities and reinforces her control over the group. …
Fleet Operators Driving Growth Electric two-wheelers have seen increased adoption in the e-commerce and logistics sectors. Fleet operators are transitioning to electric vehicles to lower costs and comply with environmental regulations. The need for low-maintenance, cost-effective transport solutions has led to widespread adoption for last-mile deliveries. The demand has created opportunities for manufacturers offering innovative …
