The central government and the Life Insurance Corporation (LIC) of India have made the decision to sell their 60.72% ownership holding in IDBI Bank. As of June 30, the two owned over 94% of IDBI Bank, with the Center holding a 45.48 % interest and LIC holding a 49.24% stake.  According to the specifics, the

Titan, a member of the Tata Group, reported on Thursday that its overall revenues increased 18% over the same period last year. According to a quarterly update, the company, which operates in the areas of Jewellery, Watches & Wearables, and EyeCare, has experienced “strong double-digit growth across most businesses.” Titan expanded its retail network by

The Reserve Bank intends to make considerable use of artificial intelligence, machine learning, and advanced analytics to analyse its massive database and enhance regulatory supervision of banks and NBFCs. The central bank is attempting to engage outside specialists for this purpose as well. While the RBI already employs AI and ML in supervisory procedures, it

According to preliminary data issued by the commerce ministry on Monday, India’s exports decreased by 3.52% to $32.62 billion in September from $33.81 billion in the same month last year, while the trade deficit increased to $26.72 billion.  However, the report indicated that imports for the month increased by 5.44% to $59.35 billion from $56.29

For central government employees and retirees, the Centre has approved a 4% increase in the dearness allowance (DA).  Anurag Thakur, the Union Minister, announced the findings of the Cabinet Committee on Economic Affairs by saying that central government employees and retirees will henceforth receive a dearness allowance of 38% of their basic pay or pension