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RBI cancels licence of Shirpur Merchants' Co-operative Bank

India, April 7 -- The Reserve Bank of India has cancelled the licence of The Shirpur Merchants' Co-operative Bank Ltd., effective from the close of business on April 6, 2026. Following the cancellati... Read More


RBI imposes penalty on Dr. Panjabrao Deshmukh Urban Co-op Bank

India, April 7 -- The Reserve Bank of India has imposed a monetary penalty of Rs 1.09 lakh on Dr. Panjabrao Deshmukh Urban Cooperative Bank Ltd. for non-compliance with regulatory guidelines. The pen... Read More


RBI extends restrictions on Ramgarhia Co-operative Bank

India, April 7 -- The Reserve Bank of India has extended the regulatory directions imposed on Ramgarhia Co-operative Bank Ltd. The directions, originally issued in July 2022 and subsequently extended... Read More


RBI extends restrictions on Baghat Urban Co-operative Bank

India, April 7 -- The Reserve Bank of India (RBI) has extended the validity of regulatory directions imposed on The Baghat Urban Co-operative Bank Limited, Solan. The directions, originally issued in... Read More


Titagarh Naval Systems gets approval for Rs 610 Cr expansion at Falta

India, April 7 -- Titagarh Naval Systems Ltd (TNSL) has secured in-principle approval from the Union Ministry of Ports, Shipping and Waterways for its brownfield expansion project at Falta, West Benga... Read More


Vivid Electromech Ltd. debuts with 1.80% premium at Rs 565.00

India, April 7 -- Vivid Electromech Ltd. makes a strong debut on the bourses with scrip got listed at Rs 565.00 on the Bombay Stock Exchange, a 1.80 per cent premium to its issue price of Rs 555.00. O... Read More


Rupee weakens against US Dollar in early trade

India, April 7 -- The Indian rupee declined by 17 paise to 93.07 against the US dollar in early Tuesday trade, pressured by continued foreign fund outflows, a strong dollar, and elevated crude oil pri... Read More


Swan Defence and Heavy Industries Ltd bags India's First Ammonia Dual-Fuel Vessel Order

India, April 7 -- Swan Defence and Heavy Industries Limited (SDHI) has secured a Category 4 order from Energy ONE Limited to build four 92,500 DWT dual-fuel ammonia bulk carriers, marking a first-of-i... Read More


Sona BLW Precision Forgings Ltd. achieves major production milestones

India, April 7 -- Sona Comstar has reached key production milestones, manufacturing 500 million differential gears and 10 million differential assemblies since inception, reinforcing its position as a... Read More


Jindal Stainless Ltd. appoints Ranveer Singh as Brand Ambassador

India, April 7 -- Jindal Stainless Ltd (JSL) has announced Bollywood actor Ranveer Singh as its first-ever brand ambassador and nationwide celebrity endorser. The partnership is aimed at strengthenin... Read More