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Steel Exchange India gets APCRDA nod for SIMHADRI TMT use in Amaravati Proj

India, June 15 -- Hyderabad: Steel Exchange India Ltd. (SEIL), one of South India's leading integrated steel manufacturers, has received approval from the Andhra Pradesh Capital Region Development Aut... Read More


CarTrade Tech launches 'CarTrade Used Auto' to strengthen India's used-car ecosystem

India, June 15 -- CarTrade Tech Ltd., one of India's leading digital automotive marketplaces, has launched CarTrade Used Auto, a new platform aimed at streamlining the entire used-car transaction jour... Read More


SEPC bags Rs 673 crore SAIL contract for IISCO Steel Plant expansion project

India, June 15 -- SEPC Ltd. has secured a major engineering, procurement and construction (EPC) contract worth Rs 673.32 crore from Steel Authority of India Limited for the expansion project at its II... Read More


RBI places restrictions on Mogaveera Co-operative Bank, caps withdrawals at Rs 1 lakh

India, June 15 -- The Reserve Bank of India has imposed operational restrictions on Mogaveera Co-operative Bank Ltd. under provisions of the Banking Regulation Act, 1949, citing concerns over the bank... Read More


RBI announces Rs 75,000 crore overnight VRR auction to manage liquidity

India, June 15 -- The Reserve Bank of India has announced an Overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) framework to address evolving liquidity conditions... Read More


RBI imposes Rs 70,000 penalty on Repco Home Finance

India, June 15 -- The Reserve Bank of India has imposed a monetary penalty of Rs 70,000 on Repco Home Finance Limited for non-compliance with regulatory directions relating to the Fair Practice Code. ... Read More


RBI imposes Rs 3.10 lakh penalty on True Credits for KYC norm violations

India, June 15 -- The Reserve Bank of India has imposed a monetary penalty of Rs 3.10 lakh on True Credits Private Limited for non-compliance with certain provisions of the RBI's Know Your Customer (K... Read More


RBI imposes Rs 3.90 lakh penalty on IIFL Samasta Finance for regulatory lapses

India, June 15 -- The Reserve Bank of India has imposed a monetary penalty of Rs 3.90 lakh on IIFL Samasta Finance Limited for non-compliance with provisions related to Know Your Customer (KYC) norms ... Read More


Gujarat Inject Kerala secures Rs 14.49 cr solar module order from Deon Energy

India, June 15 -- Gujarat Inject Kerala Ltd. (GIKL), which is in the process of rebranding as Regenova Renewtech Limited, has received a purchase order worth approximately Rs 14.49 crore (excluding GS... Read More


Rupee surges 58 paise to 94.60 against US Dollar in early trade

India, June 15 -- The Indian rupee appreciated by 58 paise to 94.60 against the US dollar in early trade on Monday, supported by a sharp decline in global crude oil prices following reports of a peace... Read More