 "The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.")
The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...
 "India’s shipbuilding industry sees a potential boost as Japan and South Korea express interest in investments and collaboration.")
Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that Japan and South Korea are interested in investing in India’s shipbuilding industry. This could lead to direct investments, joint ventures, and technology sharing, enhancing India’s capabilities in this sector. To further develop shipbuilding, the ministry plans to create multiple clusters with the help of ...
 "In a surprising turn, CM Mamata Banerjee engaged with junior doctors amidst mounting protests for justice in West Bengal’s healthcare.")
West Bengal Chief Minister Mamata Banerjee recently met with a delegation of junior doctors at her Kalighat residence in Kolkata. This visit comes amid ongoing protests by junior doctors just a short distance from the state’s health department headquarters, Swasthya Bhaban. The protest area, filled with graffiti and slogans demanding accountability and change within the ...
 "Arvind Kejriwal vows to resign as Delhi CM, challenging the public’s verdict on his honesty before resuming power.")
Delhi Chief Minister Arvind Kejriwal announced he will resign in two days and will not return to his position until the public votes on his honesty. He stated that if the people of Delhi believe in his integrity, they should support him in the upcoming elections, expressing a desire for early polls alongside Maharashtra’s elections. ...
 "BYJU’S faces a .2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.")
BYJU’S is facing legal challenges from US lenders represented by Glas Trust, who demand repayment of a $1.2 billion Term Loan B. The founder, Byju Raveendran, claims the company’s verified debt is only around Rs 20 crore, arguing this means he may not owe anything. However, the lenders insist that both Raveendran and the Insolvency ...
 "India launches BHASKAR, a groundbreaking digital registry to unite startups, investors, and mentors, transforming the entrepreneurial landscape.")
Commerce and Industry Minister Piyush Goyal is set to launch the Bharat Startup Knowledge Access Registry (BHASKAR) initiative, aimed at transforming India’s startup ecosystem. This platform will act as a central hub connecting startups, investors, mentors, and government bodies, fostering collaboration and resource sharing. BHASKAR will create the largest digital registry for stakeholders in the ...
 "ICRA ESG assigns its inaugural ESG rating to InCred Financial Services, signaling a transformative step towards sustainable investment in India.")
ICRA ESG Ratings Limited has announced its first Environmental, Social, and Governance (ESG) rating for InCred Financial Services, a non-banking financial company. Recently registered as a Category-I ESG Rating Provider by SEBI, ICRA ESG aims to aid investors in understanding non-financial risks and opportunities. InCred received a rating of Impact 57, categorized as Moderate. This ...
 "Black Box CEO Sanjeev Verma outlines ambitious plans for 2027-28, targeting billion revenue by expanding India’s operational significance.")
Sanjeev Verma, CEO of Black Box, a part of the Essar Group, has announced plans for significant growth in India, aiming for the country to represent 7-8% of the company’s business as it seeks to reach $2 billion in revenue by 2027-28. Currently, India accounts for just 6% of revenue, which is around $750 million ...
The Nipah virus has claimed its first victim in Kerala, as confirmed by a government minister. The state is on high alert due to the virus, which poses serious health risks. Meanwhile, Maharashtra’s Chief Minister Eknath Shinde announced that assembly elections are expected to take place in the second week of November, with seat-sharing discussions ...
 "Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.")
Congress MP Jairam Ramesh has accused the Mahayuti government in Maharashtra of facilitating a “rigged deal” after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to the state. This comes as the government faces the prospect of a significant defeat in the upcoming assembly polls. Ramesh criticized ...
