India, June 3 -- The Government of India has issued a release: India's socio-economic story is changing, and at the heart of it stands a growing, confident middle class. Once defined by careful spending and limited choices, middle-class families today are experiencing greater security, opportunity, and aspiration. Over the past 12 years, reforms in taxation, healthcare, housing, digital services, infrastructure, education, entrepreneurship have made everyday-life more affordable and convenient....
India, June 3 -- The Government of India has issued a release: The Competition Commission of India (CCI) has approved the proposed combination related to restructuring of UPL group companies and others. The parties to the proposed combination are: The proposed combination is a reorganisation and involves a series of interconnected steps that will result in the transfer of two business verticals of UPL 1, i.e., (i) the India crop protection business (housed under UPL SAS) (India CPC Business);...
India, June 3 -- The Government of India has issued a release: The Competition Commission of India (CCI) has approved the acquisition of Macquarie AirFinance Ltd. by Dubai Aerospace Enterprise (DAE) Ltd through DAE Eirecam Designated Activity Company. The proposed combination relates to the acquisition of Macquarie AirFinance Limited by Dubai Aerospace Enterprise (DAE) Ltd (through DAE Eirecam Designated Activity Company) from its current shareholders. Dubai Aerospace Enterprise (DAE) Ltd (Ac...
MUMBAI, India, June 4 -- 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 Amanath Co-operative Bank Ltd., Bangalore vide Directive No. CO.DOS.SED.No.S1931/12-23-001/2024-2025 dated June 12, 2024, for a period of six months up to close of business on December 12, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further ...
MUMBAI, India, June 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 26, 2026, imposed a monetary penalty of ₹14.25 lakh (Rupees Fourteen Lakh Twenty Five Thousand only) on Nagar Sahkari Bank Ltd., Maharajganj (Uttar Pradesh) (the bank) for non-compliance with certain directions issued by RBI on 'Income Recognition, Asset Classification and Provisioning and Other Related Matters', 'Exposure Norms and Statutory / Othe...
MUMBAI, India, June 4 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on June 05, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (P...
MUMBAI, India, June 4 -- 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) 7,11,235.95 5.14 0.10-5.50 I. Call Money 16,234.72 5.27 4.00-5.40 II. Triparty Repo 5,01,256.80 5.13 4.76-5.23 III. Market Repo 1,87,249.93 5.14 0.10-5.50 IV. Repo in Corporate Bond 6,494.50 5.29 5.25-5.40 B. Term Segment I. Notice Money** 186.70 5.16 ...
India, June 2 -- The Government of India has issued a release: India has an immense potential to emerge as a global leader in the Bio-Economy and Bio-Based Agri-Input sector due to its strong scientific base, rich biodiversity, and rapidly growing start-up ecosystem. This was stated by Shri Tejveer Singh, Secretary, Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilizers, while addressing the valedictory session of the two-day symposium-cum-workshop, BIOPSF 202...
India, June 2 -- The Government of India has issued a release: H.E. Mr. Shipokosa Paulus Mashatile, Deputy President of the Republic of South Africa, called on the President of India, Smt. Droupadi Murmu at Rashtrapati Bhavan today (June 2, 2026). Welcoming Deputy President Mashatile on his first visit to India, the President said that India and South Africa share a special friendship that is both historic and contemporary. Our multifaceted partnership is founded on shared values and mutual re...
India, June 2 -- The Government of India has issued a release: A group of beneficiaries of the Ministry of Tribal Affairs' Flagship Scholarship schemes called on the President of India, Smt Droupadi Murmu at Rashtrapati Bhavan today (June 2, 2026). Addressing the beneficiaries, the President said that there is no lack of talent in our country. All that is required is providing the right guidance, support, and an appropriate platform. Presence of the beneficiaries stands as a testament to the f...