The Reserve Bank of India’s directive enables commercial banks to use foreign currency deposit collateral for lending opening new avenues for corporate finance.
Month: June 2026
Torrent Power Strengthens Its Position in India’s Private Power Sector by Completing Nabha Power Acquisition
The Torrent Group’s energy arm finalised the purchase of Nabha Power in Punjab in a significant consolidation move in India’s increasingly competitive power market.
HCLTech Completes Investment in Sarvam AI Marking a Major Bet on India’s Own Large Language Model Ecosystem
HCL Technologies’ stake in Sarvam AI positions it as a strategic investor in India’s most prominent domestic AI model startup as the nation races to build indigenous AI.
Kotak Mahindra Bank CEO Ashok Vaswani Confirms He Will Not Seek Reappointment Beyond December 2026
India’s leading private sector bank begins planning for leadership transition after the CEO’s announcement opens questions about direction and strategic priorities.
India Remains Open to Reviving Assumption Island Military Facility in Seychelles if Raised by Victoria
Foreign Secretary Vikram Misri confirmed India would be receptive if Seychelles raised the Assumption Island project which has been stalled due to domestic politics on the island.
India’s C-295 ‘Made in India’ Aircraft Successfully Completes Maiden Test Flight — 40 More in Manufacturing
The indigenously manufactured C-295 military transport aircraft completed its maiden flight representing a major milestone for India’s defence manufacturing capability.
NIA Charges Three More Accused in Red Fort Blast Terror Case — Investigation Uncovers Broader Networks
The National Investigation Agency has expanded the Red Fort blast case by adding three new accused as the investigation uncovers additional financial and operational networks.
Delhi YouTuber ‘Road Safety Wala’ Gurman Singh Arrested for Months-Long Campaign of Stalking Women on Road
Police said Gurman Singh spent months deliberately ramming scooters ridden by women then filming and uploading their distress to social media before being caught.
8 People Arrested in Ayodhya Over Ram Janmabhoomi Trust Donation Fraud — Champat Rai and Anil Mishra Resign
An SIT found evidence of financial irregularities in the temple trust’s donation management resulting in eight arrests and the resignation of two senior trust officials.
PM Modi Says ‘The Indian Ocean Connects India and Seychelles — It Does Not Separate Us’ in Assembly Address
The prime minister drew on centuries of maritime history in his landmark speech to the Seychelles National Assembly becoming the first Indian PM to address the legislature.