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RBI Cancels Licence of Ajantha Urban Co-op Bank Maryadit

RBI Cancels Licence of Ajantha Urban Co-op Bank Maryadit: Reserve Bank of India (RBI) announced the cancellation of the banking license of Ajantha Urban Co-operative Bank Maryadit, based in Aurangabad, Maharashtra. The action was taken due to the bank’s inadequate capital, poor earnings outlook, and inability to protect depositors’ interests. The RBI directed the Registrar […]

Kumar Mangalam Birla to Receive Lata Deenanath Mangeshkar Award 2024

Kumar Mangalam Birla to Receive Lata Deenanath Mangeshkar Award 2024: Kumar Mangalam Birla, the 57-year-old Chairman of the Aditya Birla Group, will be conferred with the prestigious Lata Deenanath Mangeshkar Award on April 24, 2024, in a grand ceremony to be held at the Deenanath Mangeshkar Auditorium in Vile Parle East, Mumbai.A Padma Bhushan awardee, […]

Exercise ‘Aakraman’ Indian Air Force Drills with Rafales and Su-30s

Exercise ‘Aakraman’ Indian Air Force Drills with Rafales and Su-30s: Indian Air Force (IAF) conducted major military drills, named Exercise ‘Aakraman,’ simulating attacks on both mountain and ground targets. The exercise, which involved India’s most advanced fighter jets, including the Rafale and Su-30MKI aircraft, aimed to test and enhance the IAF’s capabilities in complex combat […]

India’s Record Cargo Movement on Inland Waterways In FY 2024–25

India’s Record Cargo Movement on Inland Waterways In FY 2024–25: India has achieved a significant milestone in its inland water transport (IWT) sector by recording 145.5 million tonnes (MMT) of cargo movement during the fiscal year 2024–25. This marks a dramatic rise from just 18.1 MMT in FY 2013–14, driven by massive infrastructure development, policy […]