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RBI Imposes Rs 5.5 lakh penalty on Bagalkot District Central Co-operative Bank

India, Oct. 6 -- The Reserve Bank of India (RBI), in an order dated September 29, 2025, has imposed a monetary penalty of Rs 5.5 lakh on The Bagalkot District Central Co-operative Bank Ltd., Karnataka... Read More


RBI imposes Rs 31.8 lakh penalty on American Express Banking Corp

India, Oct. 6 -- The Reserve Bank of India (RBI), in an order dated October 1, 2025, has levied a monetary penalty of Rs 31.8 lakh on American Express Banking Corp for non-compliance with the RBI (Cre... Read More


RBI imposes Rs 3 lakh penalty on The Ranuj Nagrik Sahakari Bank

India, Oct. 6 -- The Reserve Bank of India (RBI), in an order dated September 30, 2025, has imposed a monetary penalty of Rs 3 lakh on The Ranuj Nagrik Sahakari Bank Ltd., Patan, Gujarat for non-compl... Read More


RBI imposes Rs 4.2 lakh penalty on HDB Financial Services

India, Oct. 6 -- The Reserve Bank of India (RBI) has levied a monetary penalty of Rs 4.20 lakh on HDB Financial Services Ltd for non-compliance with provisions of the RBI (Know Your Customer) Directio... Read More


Tanfac Industries commissions second phase of 5,000 TPA solar grade DHF Plant

India, Oct. 6 -- Tanfac Industries Ltd (BSE: 506854) announced the successful commissioning of the second phase of its 5,000 TPA (AHF Basis) Solar Grade Dilute Hydro Fluoric Acid (DHF) Plant on Octobe... Read More


AGI Infra launches group housing project in Jalandhar

Mumbai, Oct. 6 -- The project will feature six residential towers, each comprising 29 floors, for a total of 713 units with all modern amenities. The units are primarily 3 BHK flats (701 units), along... Read More


CARE Ratings assigns 'A-' rating to credit facilities of Prostarm Info Systems

Mumbai, Oct. 6 -- CARE Ratings stated that the ratings assigned to bank facilities of Prostarm Info Systems (PISL) factor in the promoters' extensive experience in the power solutions industry, well-q... Read More


Global economic week ahead: US shutdown, Fed, ECB, monetary policy, trade reports worldwide

Mumbai, Oct. 6 -- Global markets will remain focused on the US government shutdown this week, as lawmakers show little progress in reaching a funding deal. The impasse threatens key economic releases,... Read More


Why are India's spectrum auctions not yielding much? Inventory overhang, fewer players, tepid 5G offtake

New Delhi, Oct. 6 -- Every time you stream a video, make a call, or use mobile data, you rely on spectrum-invisible radio waves that help your phone connect to the network provider, which in turn help... Read More


NUPRC approved 79 FDPs with $40 billion potential investment within two years - Official

Nigeria, Oct. 6 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Sunday it endorsed 79 Field Development Plans (FDP) between 2024 and 2025, which can deliver investments with a... Read More