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Govt nominates DFS Secretary Lohiya on central boards of RBI and SBI

New Delhi, June 11 -- The Central government has nominated Sanjay Lohiya, Secretary, Department of Financial Services (DFS), Ministry of Finance, as a Director on the Central Board of Reserve Bank of ... Read More


SAMCO launches global investing platform from GIFT City

New Delhi, June 11 -- SAMCO Securities has launched a global investing platform after securing a broker-dealer licence from the International Financial Services Centres Authority at GIFT City. The pla... Read More


Maharashtra govt supports consortium including Cleveland Clinic to develop Navi Mumbai medicity

New Delhi, June 11 -- The Maharashtra government, Cleveland Clinic (CC), Brookfield Asset Management and Arodhan Health City (AHC) signed a Memorandum of Understanding (MoU) to develop the Navi Mumbai... Read More


Glenmark launches derma product Winlevi in key European markets

New Delhi, June 11 -- Glenmark Pharmaceuticals has launched its dermatological product Winlevi (clascoterone 10 mg/g cream) in key European markets, through its subsidiary Glenmark Specialty SA, the c... Read More


Nuvama Wealth Management gets final approval to enter MF business, plans to start with specialised fund

New Delhi, June 10 -- Nuvama Wealth Management has received final approval from the Securities and Exchange Board of India to commence mutual fund operations through its asset management arm Nuvama As... Read More


RBI may ask banks to adopt risk-based internal audit approach

New Delhi, June 10 -- and reporting systems, and the institution's adherence to internal and regulatory requirements. RBIA should also focus on fraud-prone areas, emerging vulnerabilities, and the ef... Read More


Reliance Industries and Meta join hands to develop AI-enabled data centre in Gujarat

New Delhi, June 10 -- Reliance Industries Ltd (RIL) and Meta Platforms, Inc. (Meta) have partnered to set up a data centre in Jamnagar, Gujarat with 168 MW capacity to be delivered within two years an... Read More


Banks can lend only to SEBI-registered and listed REITs, InvITs: RBI guidelines

New Delhi, June 10 -- Banks can lend to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) only if they are registered with and regulated by SEBI and are listed, accor... Read More


Banks kick-off rate hikes on FCNR (B) deposits

New Delhi, June 10 -- SBI economists expect around $40-45 billion to come in through the FCNR (B) deposits route. Banks have kicked off rate hikes on FCNR (B) US dollar deposits in the three-five y... Read More


Bombay HC raises questions over SEBI's ODR mechanism in complex securities disputes

New Delhi, June 10 -- The Bombay High Court has raised questions over the use of SEBI's Online Dispute Resolution (ODR) mechanism for complex disputes involving allegations of fraud, while setting asi... Read More