Banks and NBFCs would be “well-advised to strengthen their internal surveillance mechanisms, address the build-up of risks, if any, and institute suitable safeguards in their own interest,” RBI Governor Shaktikanta Das said
The Monetary Policy Committee members, while keeping the repo rate unchanged at 6.50 per cent, said the fight against inflation is far from over amid concerns over repeated supply shocks.
IDFC First Bank is looking to raise Rs 20 billion ($243.84 million) in equity capital in the second half of the current financial year, Reuters reported.
In April last year, the RBI conducted a dollar/rupee (USD/INR) sell-buy swap auction for an amount of $ 5 billion.
Speaking at a programme in Hyderabad, the economist said if the country does not grow faster, it will grow older (demographically) before it gets richer, which means there is the burden of an aging population to deal with also at that point.
Tesla’s die cast — or the gigacast, as Musk terms it — visualises the entire underbody of an EV as a single piece, instead of multiple parts bolted and welded together using workers and robots, as is done at most car assembly lines.
Tata Consultancy Services on Monday announced it has been selected to transform IoT solutions provider Lexmark’s enterprise applications, cloud journey and innovation programme.
ITC’s board also approved the demerger of hotels business, and set an indicative timeline of listing of the new firm in 15 months.
Optimistic trends in global markets after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year along with continuous foreign fund inflows have been fuelling the rally in stocks.
The first concert on the 27th of January will present Mame Khan with 47 folk artistes; comprising an orchestra of vocalists and instrumentalists of Manganiyar community.