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Govt mulling options to retain 51% stake in PFC post-merger with REC: Official

India, April 8 -- The Government is looking at options, including issuance of preference shares or fresh equity, to maintain 51 per cent stake in the State-owned Power Finance Corporation (PFC) post i... Read More


Property registration eased for unauthorised colonies in Capital

India, April 8 -- Providing a major relief to people owning property in unauthorised colonies of the Capital, the Union Government on Tuesday introduced set of policies to simplify property registrati... Read More


Axis Bank chases to recover INR 66,338 cr from defaulters, files 3,209 cases

India, April 8 -- Axis Bank is looking to recover INR 66,338 crore from large defaulters. According to the data filed by the bank to the rating agency TransUnion CIBIL, up to February 2026, it has fil... Read More


CBI examines ex-finance secretary in currency thread irregularities case

India, April 8 -- The CBI on Tuesday questioned former finance secretary Arvind Mayaram in connection with an FIR against him and a UK-based company for alleged corruption in the supply of exclusive c... Read More


Iran's "critical oil hub" Kharg Island comes under attack as US deadline looms

Tehran, April 7 -- Iran's key oil export terminal on Kharg Island came under attack on Tuesday, according to Iranian state media outlet Mehr News, in a significant escalation of the month-long confron... Read More


Titgarh Rail Systems soars after arm secures govt approval for shipyard expansion

Mumbai, April 7 -- The Government of India has been actively promoting the domestic shipbuilding ecosystem through focused initiatives such as the Shipbuilding Financial Assistance Scheme (SBFAS) and ... Read More


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