Saraswat Co-operative Bank Ltd (SCBL) on Tuesday said it will acquire the beleaguered New India Co-operative Bank Ltd (NICBL), in a relief to depositors who were unable to fully access their funds after the central bank imposed restrictions following a ₹122-crore scam. The Reserve Bank of India has given its in-principle approval after Saraswat Bank…
New Delhi: India’s pharmaceutical exports reached $4.9 billion in April-May of FY26, according to data released by the government’s Pharmaceuticals Export Promotion Council of India (Pharmexcil) on Tuesday. This marks a strong 7.38% expansion compared with the same period last year, highlighting the industry’s continued upward trajectory and its key role globally. Pharmexcil, a body…
The Reserve Bank of India (RBI) on Tuesday, 1 July 2025, appointed veteran banker Kesavan Ramachandran as an Executive Director effective from 1 July 2025, according to the official release. “The Reserve Bank of India (RBI) has appointed Shri Kesavan Ramachandran as Executive Director (ED) with effect from July 01, 2025,” said the central bank…
Bank holidays next week, June 30-July 6: Banks will be closed for three days in the upcoming week in some parts of India due to Remna Ni, Kharchi Puja, and Guru Hargobind Ji’s Birthday, according to the bank holiday calendar by the Reserve Bank of India (RBI). Additionally, banks will also be closed on Sunday,…
Bank Holidays in July 2025: The Reserve Bank of India has designated seven bank holidays for July 2025, according to its state-wise official holiday calendar for the fiscal year 2025-26. Bank holidays in India differ across states and are determined by national, regional, and religious observances. In addition to the seven designated holidays, banks will…
More than a dozen major Japanese players from the EV battery and critical mineral supply chain, including Panasonic, Mitsubishi Chemicals, Sumitomo Metals and Mining, Asahi Kasei and Nichia, among others, are currently in India to explore partnerships with Indian companies. All these companies are part of Japan’s industry body, Battery Association of Supply Chain (BASC)….
Singh, however, expressed optimism about the overall trajectory in the green energy space, noting that the transition remains on course due to the “strong business case” for renewables. “We are in a very challenging space geopolitically, but we are making good progress towards meeting the tripling target for 2030. I won’t say it’s sufficient, but…
In FY15, ITC had three food brands with sales of over ₹1,000 crore each: atta brand Aashirvaad, biscuits brand Sunfeast and chips brand Bingo. Today, Aashirvaad is worth over ₹8,000 crore (by consumer spend, which includes total sales and sales channel margins) while Sunfeast has crossed ₹5,000 crore by consumer spends, according to a company…
Who is the complainant and what are the allegations, how was Dwivedi’s appointment in March 2024 cleared despite these pending cases, and why did the government take so long to act? Read on to find out. Why was Pankaj Dwivedi’s appointment controversial? In March 2024, Pankaj Dwivedi was appointed executive director of Union Bank of…
A recent public interest litigation (PIL) before the Supreme Court has brought this trend into focus once again. The PIL challenges multiple trademark applications for the term ‘Operation Sindoor’, India’s military response to a recent terror attack by Pakistan. Legal experts say this is just the latest example of “moment trademarking”—a strategy where entities race…