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Craftsman Automation launches Rs 2,000 cr QIP; floor price set at Rs 8,966.13/share

Mumbai, June 16 -- The committee fixed 15 June 2026 as the relevant date for the issue and approved a floor price of Rs 8,966.13 per equity share, determined in accordance with SEBI regulations. The ... Read More


RBI imposes Rs 5 lakh penalty on Mahila Co-operative Bank for regulatory violations

India, June 16 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 5 lakh on Mahila Co-operative Bank Ltd. for non-compliance with regulatory directions relating to loans and advan... Read More


RBI announces Rs 1.5 lakh cr 7-Day VRR auction to manage liquidity

India, June 16 -- The Reserve Bank of India (RBI) has announced a 7-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) framework to address evolving liquidity condition... Read More


RBI consolidates payment system authorisation rules into Master Directions

India, June 16 -- The Reserve Bank of India (RBI) has issued Master Directions on Authorisation to Operate a Payment System, bringing together various regulatory instructions issued over the years und... Read More


RBI fixes SGB 2020-21 series III premature redemption price at Rs 14,774 per unit

India, June 16 -- The Reserve Bank of India has announced that the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series III has been fixed at Rs 14,774 per unit for investors opting... Read More


RBI tightens rules on marketing and sale of financial products

India, June 16 -- The Reserve Bank of India (RBI) has issued a series of amendment directions aimed at strengthening the framework governing the advertising, marketing, and sale of financial products ... Read More


Karnataka government plans guarantee scheme review

Bengaluru, June 16 -- The Karnataka government is reportedly preparing to undertake a major review of its flagship guarantee schemes, with beneficiaries likely to be asked to re-submit applications as... Read More


Grapevine: Vedanta, Troovy, ADIA, Sify, Blume, Drools in news

New Delhi, June 16 -- Drools Pet Food-parent IB Group has held meetings with bankers for a stock market debut, while data centre operator Sify Infinit Spaces has put those plans on hold, according to ... Read More


Biocon chief Kiran Mazumdar-Shaw backs CM Shivakumar's vision to transform Bengaluru into world-class city

Bengaluru, June 16 -- Founder of Biocon and honorary consul of Ireland, Kiran Mazumdar-Shaw, on Tuesday expressed confidence in Karnataka Chief Minister DK Shivakumar's vision to transform Bengaluru i... Read More


Aurangzeb sees economic upside after US-Iran dealPublished on: June 16, 2026 11:15 AM

Pakistan, June 16 -- Pakistan's Finance Minister Muhammad Aurangzeb has expressed cautious optimism about the country's economic outlook following the reported agreement between the United States and ... Read More