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Mangal Electrical announces launch of initial public offering

India, Aug. 14 -- Mangal Electrical Industries Ltd. has announced public offering of 7130125 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 551.00 per share. The gross proceeds of the ... Read More


Delhi Milk Scheme launches cow milk, co-branded products, and new booths

India, Aug. 14 -- The Delhi Milk Scheme (DMS) achieved a key milestone on August 13, 2025, with the launch of new dairy products and the distribution of booth allotment letters at a special event held... Read More


RBI cancels registration of 10 NBFCs after surrender of licences

India, Aug. 14 -- The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 10 Non-Banking Financial Companies (NBFCs) after they voluntarily surrendered their licences. ... Read More


RBI cancels registration of 16 NBFCs

India, Aug. 14 -- The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 16 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the RBI Act, 1934. The ... Read More


Premature redemption price for SGB 2019-20 Series-III set at Rs 9,991 per unit for August 14

India, Aug. 14 -- The Reserve Bank of India (RBI) has announced the redemption price for the premature redemption of the Sovereign Gold Bond (SGB) 2019-20 Series-III, due on August 14, 2025. As per t... Read More


RBI restores registration of two NBFCs

India, Aug. 14 -- The Reserve Bank of India (RBI) has restored the Certificates of Registration (CoR) of two Non-Banking Financial Companies (NBFCs) following orders from the Appellate Authority and C... Read More


RBI to hold Rs 2 lakh crore 8-day VRRR auction on August 14

India, Aug. 14 -- The Reserve Bank of India (RBI) will conduct an 8-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on Thursday, August 14, 2025, to manage ... Read More


Rupee edges up 8 paise to 87.39 against US dollar in early trade

India, Aug. 14 -- The rupee moved in a narrow range and inched up by 8 paise to 87.39 against the US dollar in early trade on Thursday, supported by positive domestic equity trends. According to fore... Read More


ICICI Bank cuts minimum balance requirement to Rs 15,000 from Rs 50,000

India, Aug. 14 -- In a reversal of its recent decision, ICICI Bank has reduced the minimum monthly average balance (MAB) for savings accounts to Rs 15,000, down from the earlier steep hike to Rs 50,00... Read More


SBI to levy nominal IMPS charges on transfers above Rs 25,000 from Aug 15

India, Aug. 14 -- State Bank of India (SBI), the country's largest lender, will revise its Immediate Payment Service (IMPS) charges effective August 15. As per the bank's website, there will be no ch... Read More