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Bengaluru: The Reserve Bank of India (RBI) on Tuesday said that it has imposed a penalty of Rs 12 crore 19 lakh on ICICI Bank for violating rules related to the code of conduct for the bank’s directors and for fraud reporting. The RBI’s inspection reports showed ICICI Bank had sanctioned or committed loans to…
Read More “RBI Fines ICICI Bank, Kotak Mahindra Bank For Failing To Report Fraud” »
In both cases, the RBI said the penalties are based on the deficiencies in regulatory compliance. File. | Photo Credit: EMMANUAL YOGINI The Reserve Bank on October 17 said it has imposed a penalty or ₹12.19 crore on ICICI Bank and ₹3.95 crore on Kotak Mahindra Bank for non-compliance of certain regulatory norms. The penalty…
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Investors and brokers react as they watch the stock prices on a digital screen. File | Photo Credit: PTI Equity benchmark indices bounced back on Tuesday (October 17) after three days of fall amid recovery in global markets and buying in HDFC Bank post its quarterly earnings. The 30-share BSE Sensex climbed 261.16 points or…
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File. | Photo Credit: Reuters Rupee consolidated in a narrow range and settled for the day higher by 3 paise at 83.24 (provisional) against the U.S. dollar on October 17 amid a positive trend in domestic equities. Forex traders said the rupee is trading with a slight positive bias on positive domestic markets. However, a…
Read More “Rupee rises 3 paise to close at 83.24 against U.S. dollar” »
Drug-maker Glenmark Pharmaceuticals’ Apremilast Tablets, 10 mg, 20 mg and 30 mg, a generic version of Amgen’s Otezla Tablets, 10 mg, 20 mg and 30 mg, has received final approval from the United States Food and Drug Administration (U.S. FDA). Otezla Tablets brand and therapeutic equivalents achieved annual sales of around $3.7 billion, Glenmark said…
Read More “Glenmark Pharma’s generic drug to treat psoriatic arthritis gets U.S. FDA approval ” »
Non-bank lender Bajaj Finance is acquiring 26% equity stake in Hyderabad-based fintech solutions provider Pennant Technologies for ₹267.50 crore. It is aimed at strengthening the company’s technology roadmap, Bajaj Finance said in a filing on October 17 ahead of its Board meeting for the September quarter results. A binding term sheet was signed for the…
Read More “Bajaj Finance to acquire 26% stake in fintech Pennant Technologies for ₹267.50 crore” »
At the interbank foreign exchange, the domestic unit opened at 83.24 against the dollar and then touched an early high of 83.22, registering a gain of 5 paise over its previous close. File | Photo Credit: Reuters The rupee appreciated by 5 paise to 83.22 against the US dollar in early trade on Tuesday supported…
Read More “Rupee rises 5 paise to 83.22 against US dollar in early trade” »
The 30-share BSE Sensex jumped 392.89 points to 66,559.82 in early trade. The Nifty climbed 118 points to 19,849.75. file | Photo Credit: Reuters Equity benchmark indices bounced back in early trade on Tuesday after three days of fall amid recovery in global markets and buying in HDFC Bank post its quarterly earnings. The 30-share…
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State-owned Coal India (CIL) on Monday said its supply of fossil fuel to the country’s coal-fired power plants increased by 6% to 23.5 million tonnes (MT) in the first half of October, ahead of the festive season. It was 22.2 MT during the same time last year. The supply was increased amid a sudden rise…
Read More “Ahead of festive season, Coal India’s supply to power plants rises 6% in October” »
Petrol sales dropped to 1.17 million tonnes during the first half of October from 1.29 million tonnes a year earlier. | Photo Credit: Manvender Vashist Petrol and diesel sales fell in the first half of October ahead of the start of the festival season that is expected to boost consumption, preliminary data of state-owned firms…
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