Private Banks At Risk Due To High Employee Attrition
The Reserve Bank of India (RBI) reported high employee attrition among private sector and small finance banks (SFBs). It has grown by 25%, posing a significant risk to operational activities. This increased employee attrition can significantly disrupt customer services, result in a loss of institutional knowledge, and increase recruitment costs. The RBI stressed on several…
Vipin Kumar
A Royal Decree: The Capital Shift from Calcutta to DelhiÂ
History is often marked by transformative decisions that define the trajectory of nations. One such meaningful event occurred on December 12, 1911, when King George V, during the Delhi Durbar, announced the transfer of the capital of British India from Calcutta (now Kolkata) to Delhi. This strategic move was a significant political manoeuvre and a…
Yash Sharma
Manmohan Singh Dies At 92: Government Declares Mourning
Manmohan Singh, India’s former Prime Minister and one of the finest economists, passed away Thursday night at AIIMS Delhi at 92. He joined the Indian government as an economic advisor in 1971 in the commerce ministry. Born in 1932 in Punjab, Manmohan Singh served India as prime minister between 2004 and 2014. Manmohan Singh retired…
Himanshu
Shock For India Cements: MD And CEO Srinivasan ResignsÂ
India Cements MD and CEO, Mr N. Srinivasan, resigned from his post. According to the exchange filing, Srinivasan will stop working in the company on January 1, 2025. This has brought the curtains down for the 50-year-long connection of CEO, Srinivasan with the company that was co-founded by his father, TS Narayanaswami, in 1946. Other…
Abdullah Ansari
Indian Telecom Industry Faces A 33 Lakh Subscriber Dip
The TRAI (Telecom Regulatory Authority of India) recently released its subscription data for October 2024. This data shows a decline of 33 lakh active subscribers across the country. Including wireless and wireline, telephone subscriber count stood at 1,188.20 million until October 31, 2024, reflecting a 0.21% monthly decline rate. In addition, India’s broadband sector witnessed…
The Government Plans To Infuse Rs 500 Crore In IFCIÂ
In the second half of Fiscal Year 2024, IFCI reported a Rs 22 crore loss, with the first half losses grossing Rs 170 crore. This significantly impacted the company’s growth and financial health. The Indian Government now plans to invest Rs 500 crore into the company to improve its financial health. This move might grow…
ABHYUDAYA MITTAL
The Government’s New Plan To Curb Unregulated Lending
The central government proposed a new bill to curb lending by unregulated entities, including digital platforms. Under the new bill, violators will face up to 7 years in prison. Lenders harassing and using unlawful methods to recover loans will face 10 years in prison, while those who promote such lending activities will get up to…
Bhumika
SEBI Tightens SME Listing Regulations, Widens UPSI
SEBI (Securities and Exchange Board of India) tightened the SME (Small Business Enterprise) listing regulations on Wednesday, Dec 18, 2024. It also approved an overhaul of investment banking regulations and expanded the definition of UPSI (unpublished price-sensitive information). In addition to that, it gave the green signal to reforms, making it easier for Debenture Trustees,…
India’s Remarkable Growth In Renewable Energy
The CII International Energy Conference and Exhibition (IECE) 2024 took place on 17 December in New Delhi. Shri Pralhad Joshi, Union Minister for New and Renewable Energy, addressed this conference and shared that India is experiencing remarkable growth in renewable energy. He added that India is one of the world’s most promising nations in clean…
Wipro’s Bold Acquisition Of Applied Value Technologies
Azim Premji-owned Wipro announced on Monday, 16 December, that it will acquire 100% shareholdings of the IT consulting firm Applied Value Technologies (AVT). This will be a $40 million deal, underscoring another major acquisition this year. The IT major Wipro has been on an acquisition spree in 2024. Wipro acquired a 27% stake in SDVerse,…
