Chennai, Apr 27 (KNN) The Coimbatore Compressor Industries Association has urged the Reserve Bank of India (RBI) to provide relief to micro, small and medium enterprises (MSMEs) facing sharp increases in raw material costs. In a memorandum to the central bank, association president M Raveendran said prices of key inputsContinue Reading
New Delhi, Apr 27 (KNN) The Ministry of Corporate Affairs (MCA) has released a draft notification proposing amendments to the Companies (Incorporation) Rules, 2014, and invited stakeholder feedback. Titled Companies (Incorporation) Amendment Rules, 2026, the draft was issued through a public notice dated April 8, 2026, and has beenContinue Reading
New Delhi, Apr 25 (KNN) The Reserve Bank of India (RBI) has flagged mixed trends in the Indian economy, with resilient demand indicators alongside emerging signs of supply-side stress, in the wake of geopolitical disruptions in West Asia. In its latest State of the Economy report, the central bank saidContinue Reading
New Delhi, Apr 25 (KNN) Domestic consumption continues to drive India’s economic growth, but sustained momentum will require predictable policy support, Union Finance Minister Nirmala Sitharaman said on Friday. Speaking at an event organised by the State Bank of India (SBI) in Pune, she emphasised that a committee of bankersContinue Reading
New Delhi, Apr 25 (KNN) The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited with effect from April 24, 2026, under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’), citing serious regulatory and governance concerns. The action bars the bank fromContinue Reading
New Delhi, Apr 24 (KNN) The Korea SMEs and Startups Agency (KOSME), through its Global Business Center (GBC) in New Delhi, has signed a Memorandum of Understanding (MoU) with the Maharashtra Industrial Development Corporation (MIDC) to support the entry and expansion of Korean small and medium enterprises (SMEs) in India.Continue Reading
New Delhi, Apr 24 (KNN) India’s rupee is “fundamentally undervalued,” Chief Economic Adviser (CEA) V Anantha Nageswaran said, noting that current levels offer an attractive entry point for long-term investors. “For long-term investors, the rupee’s current valuation provides an attractive entry point,” Nageswaran said, Bloomberg reported citing an interview Thursday.Continue Reading
