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Hyundai, Kia To Launch First India-Made EVs Next Year

Reuters | Thursday April 25, 2024, Bengaluru

South Korea's Hyundai Motor Group will launch its first India-manufactured electric vehicles by 2025 as the parent of the Hyundai and Kia brands looks to boost its presence in the nascent space dominated by Tata Motors.

Explained: Why RBI Stopped Kotak Mahindra Bank From Onboarding New Customers Online

Edited by NDTV News Desk | Thursday April 25, 2024

The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to stop onboarding new customers online and through mobile banking platforms with immediate effect.

Kotak Mahindra Bank Down By 12% As Markets Decline In Early Trade

Press Trust of India | Thursday April 25, 2024, Mumbai

Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.

RBI Deputy Governor Rabi Sankar's Tenure Extended By 1 Year

Press Trust of India | Wednesday April 24, 2024, New Delhi

Mr Sankar was appointed the RBI Deputy Governor in May, 2021 for a period of three years.

Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?

Edited by Sumana Nandy | Wednesday April 24, 2024, New Delhi

Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".

RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards

Edited by Saikat Kumar Bose | Wednesday April 24, 2024, New Delhi

Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers

Heineken Beer Sales Increase But Hazy Days Ahead

Agence France-Presse | Wednesday April 24, 2024

Dutch brewer Heineken said Wednesday its beer sales were up but saw a "challenging and uncertain" economic outlook and couldn't guarantee the same growth for the rest of the year.

Strong Domestic Demand Supporting India's Growth: Morgan Stanley

Asian News International | Tuesday April 23, 2024, New Delhi

Morgan Stanley is firm on India's growth outlook, given the support it is getting from domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook.

Payments Bank Board Is Independent: Paytm CEO Vijay Shekhar Sharma

Reuters | Tuesday April 23, 2024

The board of India's Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday.

Law Tribunal Orders Insolvency Proceedings Against Media Baron Subhash Chandra

Press Trust of India | Monday April 22, 2024, New Delhi

The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance.

Reliance Jio's Managing Director Sanjay Mashruwala Resigns

Press Trust of India | Monday April 22, 2024, New Delhi

Sanjay Mashruwala, one of the two managing directors at Reliance Jio, has resigned from the company, the firm said in a stock exchange filing.

Byju's Clears March Salary Of Employees After CEO Takes Personal Debt: Report

Asian News International | Monday April 22, 2024, Bengaluru

Ahead of the National Company Law Tribunal (NCLT) hearing on Tuesday, Edtech company Byju's has paid partial salaries to employees for March. Sources told ANI that Byju's founder and CEO Raveendran has raised debt in personal capacity to pay part of

Zomato Hikes Platform Fee By 25% In Select Markets, Terms It "Business Call'

Press Trust of India | Monday April 22, 2024, New Delhi

Zomato has hiked its platform fee by 25 per cent to Rs 5 per order from Rs 4 in select markets, citing it as a part of business calls taken by the food tech giant.

"If India Is Not On Your Radar...": OYO CEO's Message For Global Brands

Indo-Asian News Service | Saturday April 20, 2024, New Delhi

Ritesh Agarwal, founder and CEO of global hospitality chain OYO Rooms, on Saturday said this is the ideal time for global companies to come and start a business in the country, which offers a conducive atmosphere amid friendly government policies.

Centre Aims To Make India Attractive Manufacturing Destination: Union Minister

Press Trust of India | Saturday April 20, 2024, Ahmedabad

Union Finance Minister Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well.