Mumbai, August 21: The Reserve Bank of India (RBI) has granted approval for the Life Insurance Corporation of India (LIC) to increase its stake in HDFC Bank. As of August 20, LIC can raise its total shareholding in HDFC Bank to 9.99%. This approval comes under the banking regulations concerning large shareholdings in banks. Prior … Read more
Mumbai, August 20: In a significant development for travelers in India, Uber has announced a partnership with Ixigo, a leading online travel and ticketing platform. This collaboration will allow users of the Uber app to book Indian Railway train tickets directly within the app. The announcement was made on August 19, marking a new era … Read more
Mumbai, July 29: Paytm Payments Bank is set to close completely following an order from the Delhi High Court, as confirmed by the Reserve Bank of India (RBI). The court has appointed Girikumar M. Nair, a former Chief General Manager of SBI, as the official liquidator for the bank. Nair has been exercising all powers … Read more
Mumbai, May 15: Uber has announced its plans to launch its first data center in India in partnership with the Adani Group. This significant development was revealed by Uber’s CEO, Dara Khosrowshahi, during his recent visit to India. The data center is expected to be operational by the end of 2026 and will focus on … Read more
Mumbai, April 22: Apple Inc. has announced the appointment of John Turnus as its new CEO, effective September 1, 2026. Turnus, who currently serves as the Senior Vice President of Hardware Engineering, will succeed Tim Cook, who will transition to the role of Executive Chairman of the Board. This decision was unanimously approved by the … Read more