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Net direct tax collection rises nearly 15% to Rs 5.21 lakh crore

India, June 19 -- India's net direct tax collection increased 14.64% year-on-year to over Rs 5.21 lakh crore as of June 17 in the current financial year, supported by robust advance tax payments, part... Read More


Jubilant Pharmova's US manufacturing facility completes USFDA inspection

India, June 19 -- Jubilant Pharmova announced that the US Food and Drug Administration (USFDA) has completed an inspection of the contract manufacturing facility of its subsidiary, Jubilant HollisterS... Read More


Aurobindo Pharma receives US FTC approval for Lannett acquisition

India, June 19 -- Aurobindo Pharma has received approval from the US Federal Trade Commission (FTC) for its proposed acquisition of Lannett Company LLC through its wholly owned subsidiary, Aurobindo P... Read More


WABAG secures landmark desalination project in Kuwait, marks entry into new market

India, June 19 -- VA Tech WABAG has won a major Design, Build and Operate (DBO) contract from Kuwait's Ministry of Electricity, Water & Renewable Energy for the Doha Stage-II Seawater Reverse Osmosis ... Read More


ICICI Prudential Balanced Hybrid Fund floats on

India, June 19 -- ICICI Prudential Mutual Fund has launched a new Open Ended Growth scheme named "ICICI Prudential Balanced Hybrid Fund" with maturity period of 0 days from the launch date. The New ... Read More


RBI imposes Rs 2.10 lakh penalty on Nasik Road Deolali Vyapari Sahakari Bank

India, June 19 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.10 lakh on The Nasik Road Deolali Vyapari Sahakari Bank Ltd. for violating RBI guidelines related to loans and ... Read More


RBI imposes Rs 20,000 Penalty on Wardha District Ashirwad Mahila Nagari Sahakari Bank

India, June 19 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 20,000 on Wardha District Ashirwad Mahila Nagari Sahakari Bank Maryadit for non-compliance with RBI guidelines re... Read More


RBI imposes Rs 1.5 lakh penalty on Chitradurga District Co-operative Central Bank

India, June 19 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.5 lakh on The Chitradurga District Co-operative Central Bank Ltd. for violating provisions of the Banking Regul... Read More


RBI imposes Rs 10,000 penalty on Navapur Mercantile Co-operative Bank

India, June 19 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10,000 on Navapur Mercantile Co-operative Bank Ltd. for violating provisions of the Banking Regulation Act, 1949.... Read More


RBI cancels licence of Shree Mahalaxmi Urban Co-operative Credit Bank

India, June 19 -- The Reserve Bank of India (RBI) has cancelled the banking licence of Shree Mahalaxmi Urban Co-operative Credit Bank Ltd. with effect from the close of business on June 18, 2026. The ... Read More