MUMBAI, India, July 21 -- Reserve Bank of India issued the following press release: Foreign investment into India is presently governed by the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 ('NDI Rules'). The Union Budget 2026-27 announced a comprehensive review of the NDI Rules to create a more contemporary, user-friendly framework for foreign investments, consistent with India's evolving economic priorities. Pursuant thereto, a committee was constituted by the Central Governm...
MUMBAI, India, July 21 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal vide Directive No. CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to close of business on January 22, 2023 as modified from time to time, which were last extended up to close of business...
MUMBAI, India, July 21 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 34,291 Amount allotted (in ₹ crore) 34,291 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/723 Disclaimer: Curated by HT Syndication....
MUMBAI, India, July 21 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,70,648.83 5.26 0.01-5.60 I. Call Money 15,684.92 5.34 4.60-5.45 II. Triparty Repo 4,69,428.30 5.25 4.85-5.42 III. Market Repo 1,78,278.71 5.28 0.01-5.55 IV. Repo in Corporate Bond 7,256.90 5.42 5.40-5.60 B. Term Segment I. Notice Money** 223.55 5.24...
India, July 18 -- The Government of India has issued a release: Eminent industry leader Shri Ravi Kant met Prime Minister, Shri Narendra Modi earlier today and presented a copy of his book 'Leading from the Back - To Achieve the Impossible'. The Prime Minister posted on X; Eminent industry leader Shri Ravi Kant met PM @narendramodi earlier today and presented a copy of his book 'Leading from the Back - To Achieve the Impossible'. Disclaimer: Curated by HT Syndication....
India, July 18 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi, has expressed deep sorrow over the passing of Smt. Chennamma Ji, wife of former Prime Minister, Shri Deve Gowda Ji. Shri Modi noted that Smt. Chennamma Ji was admired for her humility and passion towards serving society. The Prime Minister posted on X; "Deeply pained by the passing of Smt. Chennamma Ji, wife of former Prime Minister Shri Deve Gowda Ji. She was admired for her humility and...
India, July 18 -- The Government of India has issued a release: The Prime Minister expressed grief over the loss of lives due to mishap at a fireworks factory in Ahmedabad, Gujarat. Shri Modi stated that the local administration is providing all possible assistance to those affected. Shri Modi also announced an ex-gratia of Rs. 2 lakh from PMNRF to the next of kin of each deceased and Rs. 50,000 to the injured. The Prime Minister posted on X: Extremely saddened to hear about the loss of li...
India, July 18 -- The Government of India has issued a release: Prime Minister Shri Narendra Modi spoke to the team of Skyroot Aerospace and congratulated them on the successful launch of Vikram-1, today. Shri Modi remarked that this is a defining moment in India's space journey. The growing participation of our private sector is opening new frontiers and accelerating innovation. "This achievement will encourage countless youngsters to dream bigger and innovate fearlessly", Shri Modi stated...
India, July 18 -- The Government of India has issued a release: Prime Minister Shri Narendra Modi, today, extended his best wishes to Skyroot Aerospace ahead of the maiden orbital launch of Vikram-1, India's first privately developed launch vehicle, describing it as a historic milestone in the nation's space journey. Shri Modi said that the launch of Vikram-1 marks the opening of a new frontier for India's space ambitions and reflects the country's growing capabilities in innovation, technology...
India, July 18 -- The Government of India has issued a release: The successful launch of Vikram-1, India's first privately developed orbital launch vehicle, marks India's emergence as a serious global player in the rapidly expanding global space economy and stands as a powerful vindication of Prime Minister Shri Narendra Modi's landmark decision to open the country's space sector to private participation, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and...