ONE TIME SETTLEMENT SCHEME

Jaiprakash Associates Ltd's lenders reject the revised ₹500 crore OTS proposal. With personal guarantees covering less than 2% of the ₹52,000 crore debt, creditors face challenges in recovering debt.

National Bank for Agriculture and Rural Development (NABARD) and Online PSB Loans Limited have signed an agreement to promote financial inclusion through regional rural banks. The collaboration seeks to smoothen the process of enrolment and claim se...

Lenders of Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement on Rs 3400 crore dues, accepting a Rs 1,020-crore all-cash offer from promoters Roadis Group and Soma Enterprises. The settlement, impacted by farmers' agitation, ...

India has introduced SEBEX 2, a high-performance explosive with a TNT equivalence of 2.01. Developed under the Make in India initiative by Economic Explosives Limited, SEBEX 2 enhances the effectiveness of various munitions without increasing weight...

India has introduced SEBEX 2, a high-performance explosive with a TNT equivalence of 2.01. Developed under the Make in India initiative by Economic Explosives Limited, SEBEX 2 enhances the effectiveness of various munitions without increasing weight...

Real-time dollar settlement in India’s newest financial hub in Gujarat, GIFT City, is set to begin later this year. The service aims to attract foreign investors by streamlining transactions and reducing delays.

Quant Mutual Fund, which finds itself in the thick of a controversy regarding alleged front-running, is one of India's fastest growing asset managers and has seen its assets under management (AUM) grow by 251% over the last one year versus industry ...

Uttar Pradesh Chief Minister Yogi Adityanath reviewed the 'Family ID' process for each family unit in the state, emphasising quick implementation to provide government benefits and employment opportunities. Currently, 15.07 crore people from 3.60 cr...

The One District One Product (ODOP) scheme has made a big difference in many industrial segments across UP, and it has also been a significant catalyst for the country's economic growth, according to Alok Kumar, Principal Secretary, MSME and Export ...

NCLAT issues notice to ICICI Bank over Jaiprakash Associates Ltd's one-time settlement proposal, opposed by creditors. JAL aims to pay debt of over Rs 26,000 crore within 18 weeks if OTS is accepted.

The full budget, likely to be presented early in July, will detail specific measures toward this end. "The focus would be to promote labour-intensive growth that will create jobs, with continued emphasis on macroeconomic stability," a top government...

Chief Minister Chandrababu Naidu plans to implement the 'Super Six' welfare schemes in the first 100 days of his new term, costing ₹97,000 crore. Despite the hefty price tag, his team is prepared with funding strategies, including increasing the tax...

Allegations were also levelled by an MLA against CM Yogi Adityanath for favouring his own Thakur caste wherein the MLA said that legislators belonging to the Thakur caste, even those of other parties or outsiders received great treatment from the CM...

Adani One, the super app by Adani group, launches cobranded credit card with ICICI Bank. The card offers rewards for spends within Adani ecosystem.

India has made significant strides in digital transformation over the past nine years, with a 96% reduction in data costs and a 1.4 billion people now having a unique digital identity (Aadhar). This has led to greater access and usage of digital ser...

GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for ...

The government recovered Rs 852 crore under the amnesty scheme for exporters for one-time settlement of default in export obligation. The scheme, part of the new foreign trade policy, aims to settle default in export obligation by holders of advance...

"It has been observed that during the last few days, a large number of entities have shown interest in availing the scheme. Considering the interest of entities in availing the scheme, the competent authority has extended the period of the scheme ti...

Delhi Chief Minister Arvind Kejriwal raised concerns over a "serious constitutional crisis" in the capital, attributing it to officers' refusal to work due to alleged "threats and pressure" from the BJP. He highlighted hindrances faced by a one-time...