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RBI Imposes Rs 16.60 Lakh penalty on Visionary Financepeer

India, March 10 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 16.60 lakh on Visionary Financepeer Private Limited for non-compliance with certain provisions of the Non-Bankin... Read More


RBI imposes monetary penalty on Rang De P2P Financial Services Limited ("Rang De")

India, March 10 -- The Reserve Bank of India (RBI) has, by an order dated February 25, 2025, imposed a monetary penalty of ?10 lakh (Rupees Ten Lakh only) on Rang De P2P Financial Services Limited (th... Read More


RBI imposes monetary penalty on Fairassets Technologies India Private Ltd

India, March 10 -- The Reserve Bank of India (RBI) has, by an order dated February 11, 2025, imposed a monetary penalty of ?40 lakh (Rupees Forty lakh only) on Fairassets Technologies India Private Li... Read More


RBI approves merger of Jawahar Sahakari Bank with Kallappanna Awade Bank

India, March 10 -- The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Jawahar Sahakari Bank Ltd., Hupri with Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd. The Scheme h... Read More


RBI imposes monetary penalty on Bridge Fintech Solutions Private Limited ("Finzy")

India, March 10 -- The Reserve Bank of India (RBI) has, by an order dated March 04, 2025, imposed a monetary penalty of ?10.00 lakh (Rupees Ten Lakh only) on Bridge Fintech Solutions Private Limited (... Read More


Government Initiatives to promote Gas based Power Generation

India, March 10 -- Gas-based plants in the country are operating at very low Plant Load Factor (PLF). To enhance the availability of natural gas for power generation, Government have placed Liquefied ... Read More


Minority Affairs Ministry Implements Schemes for Socio-Economic & Educational Empowerment

India, March 10 -- The Government continues to implement various welfare schemes aimed at uplifting all sections of society, including economically weaker and underprivileged minority communities. The... Read More


Gold drops Rs 150 to Rs 88,750 per 10g; Silver slips Rs 250

India, March 10 -- Gold prices declined for the third consecutive session, falling by Rs 150 to Rs 88,750 per 10 grams in the national capital on Monday, tracking a weak trend in the global markets, a... Read More


SJVN signs initial pact to develop 1800MW pumped hydro storage proj in Chhattisgarh

India, March 10 -- SJVN Ltd, a state-owned company, has signed an initial agreement to develop an 1,800 MW pumped hydro storage project (PSP) at Kotpali in Chhattisgarh, with an investment of Rs 9,500... Read More


Edelweiss Low Duration Fund floats on

India, March 10 -- Edelweiss Mutual Fund has launched a new Open Ended Growth scheme named "Edelweiss Low Duration Fund" with maturity period of 0 days from the launch date. The New Fund Offer (NFO)... Read More