RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank

Das asserted that directors in UCBs, who are elected to their positions, must possess expertise in diverse banking functions, including risk management and information technology

Shaktikanta Das

In Feb 2018, the MoD established two defence industrial corridors to serve as engines of economic development and growth of defence industrial base in the country

An exhibit of Su 30 MK-I fighter aircraft at the Bharat Dynamics Limited (BDL) pavillion during the 12th edition of DefExpo, in Gandhinagar on Tuesday

Defence Expo 2022

Weak demand, global slowdown add to their woes

Crude oil

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

Integrated facilities management company Updater Services Ltd on Friday said it has raised Rs 288 crore from anchor investors days before the launch of its initial public offering (IPO).
The firm has allotted 96 lakh equity shares to 18 funds at Rs 300 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website late Friday night.
Among the anchor investors that participated in the bidding are Nomura Singapore, Citigroup Global Markets Mauritius Pvt Ltd, BNP Paribas Arbitrage, Societe Generale, ICICI Prudential Mutual Fund (MF), Bandhan MF and Aditya Birla Sun Life Insurance Company.
The initial share sale, with a price band of Rs 280-300 per share, will be open for public subscription during September 25-27.
The Rs 640-crore IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer for Sale (OFS) of up to 80 lakh equity shares by a promoter and existing shareholders.
Under the OFS, Tangi Facility ...

With the passing of the Nari Shakti Vandan Adhiniyam bill, women's representation in policymaking is also set to increase significantly, Union Minister for Information & Broadcasting Anurag Thakur said here on Saturday.
Quoting Prime Minister Narendra Modi as saying "Yahi Samay Hai, Sahi Samay Hai", he urged the women to come forward, "chase your dreams, grab the opportunities available all around, and take India forward to the status of a developed country by 2047."
"The special session of the Parliament was truly historic as we moved to the new parliament building and the Nari Shakti Vandan Adhiniyam bill got passed," Thakur, who is also Youth Affairs and Sports Minister said at an interaction with the youth at the PSG College of Arts and Sciences, Coimbatore.
Under the leadership of the PM, sincere efforts have been made to empower women and provide them with opportunities. "The result is clearly visible, as today our #NariShakti is represented in the Army, Navy, and Air ...

Anurag Thakur

Most of the 4.46 lakh missing children found since 2015 have been reunited with their families, Women and Child Development Minister Smriti Irani said on Saturday.
Speaking at the inaugural session of the national annual stakeholders consultation on children in conflict with law, Irani said the children were found through the ministry's Khoya Paya portal, launched in 2015.
"Today, we can proudly say that close to 4,46,000 missing children have been found, of which 3,97,530 children have been successfully matched and reunited with their families," she said.
Irani said since the amendment of the Juvenile Justice Act in 2021, under which district magistrates instead of courts have been given the responsibility to issue adoption orders, as many as 2,600 children have been adopted.
Irani warned stakeholders against profiteering from institutionalising children, saying, "If profit becomes the core of our efforts, then many children will not find the loving homes they deserve."
During th

Smriti Irani leaves her office after taking charge of the textiles ministry in New Delhi on Wednesday

Tropical Storm Ophelia was nearing landfall on the North Carolina coast early Saturday with the potential for damaging winds and dangerous surges of water, the US National Hurricane Centre said.
Ophelia was about 25 miles (45 kilometres) southwest of Cape Lookout and about 70 miles (110 kilometres) east-northeast of Cape Fear. The system was moving at 9 mph (15 kph) with maximum sustained winds of 70 mph (110 kph), the hurricane centre said in an update at 5 a.m. Saturday.
Life-threatening flooding caused by the weather system was forecast for parts of eastern North Carolina and southeastern Virginia, but the system was forecast to weaken after landfall, the hurricane centre reported.
Ophelia was expected to turn north Saturday and then shift northeast on Sunday. The storm promised a weekend of windy conditions and heavy rain up to 7 inches (18 centimetres) in parts of North Carolina and Virginia and 2 to 4 inches (5 to 10 centimetres) in the rest of the mid-Atlantic region through

Storm, Storm Lee

'Bharat' is the present and future of the world, Solicitor General Tushar Mehta asserted Saturday, as he extolled India's growing economic power which is attracting foreign investment like never before.
Bharat, he said, is leading the world in terms of digital payment, and justice is being delivered to the litigants at their doorstep because of the government's initiative for digitisation.
Addressing the inaugural ceremony of the Bar Council of India's (BCI) two-day 'International Lawyers Conference 2023' here, Mehta said there are 21,000 district courts, 25 high courts and the Supreme Court in the country, and now every document of every court is available in digitised format that anybody can access.
"Bharat is the present and the future of the world. Even during the COVID period between 2019 and 2022, our country got the maximum foreign direct investment, and people are trusting our country even for legal adjudication," Mehta said.
He described the two-day event, the first in Ind

Solicitor General Tushar Mehta

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

Both companies will enable enterprises to take an AI-first approach and help improve operational efficiencies, drive revenue growth, and enable business transformation

The attrition rate at Infosys touched a record high of 27.7 per cent in the fourth quarter of FY22 on an LTM (last twelve months) basis, the company revealed

Infosys

Candidates who have effectively cleared the test can apply for the Assam DElEd Counselling 2023 process on the official site at scertpet.co.in

Assam DElEd Counselling 2023 registration

Pegatron has asked independent surveyors to assess the fire damage, a fifth source said

Apple iPhone, iPhone

Indian Railway Employees Federation (IREF) has written to the railways demanding an enhancement in the productivity-linked bonus (PLB) that the workers get every year ahead of the festive season.
The railways pay PLB, which is equivalent to 78 days' wages, to all non-gazetted employees (Group C and Group D) as an incentive to increase productivity and ensure safety. The PLB is calculated on the basis of the minimum salary paid to the lowest grade (Group D) employees.
The IREF has argued that though the railways implemented the recommendations of the 7th Pay Commission on January 1, 2016, yet the PLB has still been calculated and paid based on the minimum salary fixed by the 6th Pay Commission.
The minimum salary paid to Group D employees in the 6th Pay Commission was only Rs 7000 while it was enhanced to Rs 18,000 in the 7th Pay Commission.
According to the Federation, all employees of Group C and Group D get only Rs 17,951 which is calculated on the basis of Rs 7000 as the minimum

Indian Railways

Company aims to scale drone operations in Uttarakhand and NE India

Cipla plans acquisitions to take top spot in South Africa drug market

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Infosys partners with Microsoft to accelerate adoption of GenAI

Assam DElEd Counselling 2023 registration from sept 25 at scertpet.co.in

Pegatron India's iPhone factory shutdown may go into day 3: Report

Railways union demands productivity bonus on basis of 7th pay commission

Cipla to deliver essential medicines through drones in Himachal Pradesh

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