India, Oct. 7 -- The Government of India has issued a release: India is emerging as a competitive player in digital revolution through Additive Manufacturing (AM), a 3D printing technology in which digital file controls the process of manufacturing. The National Strategy for Additive Manufacturing (NSAM) is a strategy introduced in 2022 to build India's AM ecosystem. It has made steady progress so far, training over 1,54,000 individuals and supporting 56 AM start-ups. The strategy is now moving...
India, Oct. 7 -- The Government of India has issued a release: The Competition Commission of India (CCI) has approved the proposed combination related to internal restructuring of the JSW Group. The parties to the combination are JSW Steel Limited (JSW Steel), JSW Projects Limited (JSW Projects), and BMM Ispat Limited (BMM). The Proposed Combination is an internal group restructuring within the JSW Group with the objective of consolidating JSW Group's majority interest in BMM into full owners...
India, Oct. 7 -- The Government of India has issued a release: The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Prestige Hospitality Ventures Limited by CPP Investment Board Private Holdings (4) Inc. The Proposed Combination envisages acquisition of certain shareholding in Prestige Hospitality Ventures Limited (Target) by CPP Investment Board Private Holdings (4) Inc. (Acquirer). The Acquirer is incorporated in Canada and is managed by Canada ...
India, Oct. 7 -- The Government of India has issued a release: The Competition Commission of India (CCI) has approved the proposed acquisition of 100% shareholding of Vishavari Tollway Private Limited and nine SPVs operating road assets in India by Concessoc 41 SAS (Acquirer). The Proposed Combination pertains to the acquisition of 100% shareholding in Siddhantham Tollway Private Limited, Diwantham Tollway Private Limited, Diwancheruvu Tollway Private Limited, Ankapalli Tollway Private Limited...
MUMBAI, India, Oct. 8 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, October 09, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 10 09:30 AM to 10:00 AM October 19, 2026 (Monday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release ...
MUMBAI, India, Oct. 8 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 25, 2026, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on The Monghyr-Jamui Central Co-operative Bank Limited, Bihar (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) r...
MUMBAI, India, Oct. 8 -- Reserve Bank of India issued the following press release: It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. BLR.DOS.SSMS.No.S1220/09-01-243/2026-2027 dated October 07, 2026, has issued certain Directions to Sri Mahatma Basaveshwar Co-operative Bank Ltd., Afzalpur, ("the bank"), w...
MUMBAI, India, Oct. 8 -- Reserve Bank of India issued the following press release: It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. TVM.DOS.SED.No.S485/12-04-221/2026-2027 dated October 07, 2026, has issued certain Directions to The Tiruvalla Urban Co-operative Bank Ltd., Tiruvalla, Pathanamthitta ("the...
MUMBAI, India, Oct. 8 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period September 21, 2026 - September 25, 2026. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Cancellation of Forwards Spot Forward Cancellation of Forwards Spot Swap Forward Spot Swap Forward Purchases 21-09-2026...
MUMBAI, India, Oct. 8 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period September 15, 2026 - September 18, 2026. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Cancellation of Forwards Spot Forward Cancellation of Forwards Spot Swap Forward Spot Swap Forward Purchases 15-09-2026...