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414,000 counterfeit cigarettes seized from Makassar warehouse

Makassar, Aug. 14 -- The Directorate General of Customs and Excise (DJBC) of South Sulawesi and the South Sulawesi Regional Police confiscated 414 thousand cigarettes, some bearing counterfeit excise ... Read More


Cash Burnt! Two-third of new-age IPOs failed to beat market benchmarks, shows study

New Delhi, Aug. 14 -- An analysis of 25 venture capital and private equity-backed "new-age" Indian companies that went public between May 2020 and June 2025 paints a less-than-rosy picture: only about... Read More


Nepal waives climbing fees for 97 mountain peaks

Pakistan, Aug. 14 -- Nepal has waived climbing fees for 97 mountains, officials said on Wednesday, hoping to steer people to its lesser-known peaks and boost local economies. Climbers pay for permits... Read More


RBI cancels registration of 10 NBFCs after surrender of licences

India, Aug. 14 -- The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 10 Non-Banking Financial Companies (NBFCs) after they voluntarily surrendered their licences. ... Read More


RBI cancels registration of 16 NBFCs

India, Aug. 14 -- The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 16 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the RBI Act, 1934. The ... Read More


Premature redemption price for SGB 2019-20 Series-III set at Rs 9,991 per unit for August 14

India, Aug. 14 -- The Reserve Bank of India (RBI) has announced the redemption price for the premature redemption of the Sovereign Gold Bond (SGB) 2019-20 Series-III, due on August 14, 2025. As per t... Read More


RBI restores registration of two NBFCs

India, Aug. 14 -- The Reserve Bank of India (RBI) has restored the Certificates of Registration (CoR) of two Non-Banking Financial Companies (NBFCs) following orders from the Appellate Authority and C... Read More


RBI to hold Rs 2 lakh crore 8-day VRRR auction on August 14

India, Aug. 14 -- The Reserve Bank of India (RBI) will conduct an 8-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on Thursday, August 14, 2025, to manage ... Read More


Wike consolidates control of PDP, APC in Rivers

Nigeria, Aug. 14 -- The Minister of the FCT, Nyesom Wike, has made further steps to consolidate his control of the political structure in Rivers State, with the flag off of campaigns for local electio... Read More


Foreign capital inflows set to rise post S&P upgrade, borrowing costs to ease: BoB Economist

New Delhi, Aug. 14 -- Foreign capital inflows into India are likely to accelerate following S&P's recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said So... Read More