RBI sets FRB 2033 interest rate at 6.87% for six months
The Reserve Bank of India has fixed the interest rate on the Government of India Floating Rate Bond 2033 at 6.87 percent per annum for the half-year from September 22, 2026 to…
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Bank employees to strike for three days from September 28
Bank employees across India will go on a three-day strike from September 28, demanding a five-day work week. The United Forum of Bank Unions, representing 90 per cent of staff, is backing…
Tata stocks slide as Chandrasekaran reappointment row heads to court
Most Tata Group stocks fell in early trade on Monday after the boardroom dispute between Tata Trusts and Tata Sons over N Chandrasekaran’s reappointment as chairman intensified and moved towards legal proceedings.…
Most economists expect RBI to raise repo rate in October
A majority of economists surveyed by Times of India expect the Reserve Bank of India to hike the repo rate by 25 basis points at the October monetary policy review, the first…
RBI removes Maharashtra minister Babasaheb Patil from Latur bank board
The Reserve Bank of India (RBI) has directed the Latur District Central Cooperative Bank to remove Maharashtra Cooperation Minister Babasaheb Patil from its board for violating the 10-year tenure limit for directors.…
Tata Sons board approves Chandrasekaran’s third term, Trusts call it illegal
Tata Sons' board approved a third five-year term for Chairman N Chandrasekaran by a 4-1 vote on September 17, 2026, with Noel Tata casting the sole opposing vote. Tata Trusts, which holds…
Apple Pay to launch in India with Axis Bank in October
Apple Pay is set to launch in India next month with Axis Bank credit cards, three sources familiar with the matter told Reuters. The US company has also held talks with HDFC…
Banks closed only in Meghalaya on September 18 for Unitarian Anniversary Day
Banks in Meghalaya will remain closed on September 18 for Unitarian Anniversary Day, a local holiday declared by the state government. The day marks the founding of the Unitarian faith movement in…
Tata Sons board split as Chandrasekaran gets five-year extension, IPO greenlit
Tata Sons board approved a five-year extension for chairman N Chandrasekaran and decided to proceed with a public listing, rejecting Noel Tata's opposition. The vote was 4-1, with Noel Tata, chairman of…
Noel Tata opposes Chandrasekaran reappointment, Tata Sons listing
Tata Sons board voted 4-1 on Thursday to give N Chandrasekaran a second five-year term as executive chairman, but Tata Trusts chairman Noel Tata opposed the resolution, calling it legally invalid. The…
