Rupee Co-operative Bank’s banking licence has been revoked by the RBI
Medilytix bureau: The Reserve Bank of India (RBI) on Wednesday cancelled the licence of Rupee Co-operative Bank Ltd. in Pune with effect from six weeks from today. According to a…
Airlines may start a fare war as the government removes control on air fares
Medilytix bureau: Two years after the government started regulating airline ticket prices, the government has decided to remove the practise from August 31. The move, which comes in the middle…
Public sector banks registered a 9% rise in profit to Rs 15,306 crore in the April-June quarter
Medilytix bureau: Despite poor performances by large lenders such as SBI and PNB, all 12 public sector banks earned a total profit of about 15,306 crore, representing a 9.2% annual…
Pfizer’s Managing Director S Sridhar, resigns
Medilytix bureau: Drug firm Pfizer on Wednesday said its Managing Director, S Sridhar, has resigned from the company. The company said in a regulatory filing that Sridhar has expressed his…
The RBI is increasing its scrutiny of digital lending apps.
Medilytix bureau: The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several…
Assam looks to generate 2,000 MW solar power at investment of Rs 10,000 crore
Medilytix Bureau : Assam is looking to augment its solar power generation capacity with Assam Power Distribution Company Ltd (APDCL) inking an MOU with NLC India NSE -0.62 % Limited…
Office space absorption across India’s six major cities stood at 30.4 million sqft: Report
Medilytix Bureau : Office space absorption across India’s six major cities stood at an 30.4 mn sqft registering a 130% year on year growth as of June 2022, according to…
Airlines asked to share PNR details of international passengers with customs authorities
Medilytix Bureau : Airline will have to mandatorily share PNR details of passengers with customs authorities 24 hours prior to departure of international flights, a move which will help prevent…
Govt will re-evaluate airfare cap depending on ATF price movement: Aviation Minister
Medilytix Bureau : The government will certainly re-evaluate the fare cap in place for domestic airlines once there is a healthier environment in terms of jet fuel prices, according to…
Airlines to share international passengers’ info with customs dept prior to departure
Medilytix Bureau : The government has asked airlines to share all international passengers’ details, including contact and payment information, with customs authorities 24 hours prior to the departure of flights.…