The Reserve Bank of India (RBI) has directed all banks to provide mobile and internet banking facilities for Basic Savings Bank Deposit (BSBD) accounts starting April 1, 2026, reinforcing its commitment to financial inclusion and equitable access. Key Guidelines Digital Access: Banks must offer internet and mobile banking…
Russia’s largest bank, Sberbank, has introduced a new mutual fund that provides Russian retail investors with access to India’s Nifty50 index, a benchmark tracking 50 of the country’s largest and most liquid companies. The initiative enables Russian investors to diversify into Indian equities and strengthens financial collaboration between…
Riaan Ventures Private Limited is set to acquire a 4.26% stake (25,99,555 shares) in Shradha AI Technologies Limited from SGR Holdings Private Limited through an inter-se transfer. The transaction is priced at ₹38.40 per share and is scheduled to occur on or after December 11, 2025. Since this…
Shirdi Sai Electricals Limited has extended its existing pledge on 27,61,200 equity shares (26%) of Indo-Tech Transformers Limited to secure an additional ₹75 crore through non-convertible debentures (NCDs). With this extension, the company’s total debenture issuance reaches ₹675 crore. The supplemental agreement was executed on December 2, 2025,…
Senores Pharmaceuticals Limited has announced that its promoter group has pledged 7,00,000 equity shares, accounting for 4.67% of the promoter holding and 2.33% of the company’s total share capital. Pledge Details Detail Value Pledgor Promoter Group Number of Shares Pledged 7,00,000 % of Total Promoter Shareholding 4.67% %…
components sector and strengthen its market presence. Acquisition Details On December 5, 2025, SPRL signed a Share Purchase Agreement with Grupo Antolin Irausa, S.A.U. and Grupo Antolin Ingenieria, S.A.U.. The agreement involves the purchase of all outstanding shares of the following entities: Antolin Lighting India Private Limited (T1)…
The Reserve Bank of India’s Monetary Policy Committee (MPC) today reduced the repo rate by 25 basis points to 5.25% and maintained a neutral policy stance, indicating room for future adjustments. In addition to the rate cut, the RBI introduced several liquidity-support measures, including ₹1 lakh crore of…
Zaggle Prepaid Ocean Services Ltd has announced its plan to acquire Rivpe Technology Pvt Ltd for a total consideration of up to ₹22 crore. The acquisition will encompass 81,429 equity shares and 16,407 compulsorily convertible preference shares, representing 100% of Rivpe Technology’s fully diluted shareholding. Upon completion of…
RailTel Corporation of India Ltd has received a domestic work order worth ₹63.92 crore from the Central Public Works Department (CPWD), as per an exchange filing. The order was received on December 3, 2025. Key Details Scope of Work: Design, installation, testing, and commissioning of an ICT network…
Lloyds Engineering Works Ltd has entered into a strategic agreement with Virtualabs S.r.l., an Italy-based technology firm, to collaborate on radar technology development for defence and civilian applications. The announcement was made following a board filing on December 4, 2025. Scope of Collaboration According to the filing, the…