"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.
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Round Tripping of funds via Offshore Accounts linked to UBS Pluri was much hyped when SEBI summoned Anil Ambani in 2010. Unitech's Sanjay Chandra, liquor baron Vijay Mallya and Jai Shroff of United Phosphorus were also under the probe. Ambani and his associates together paid Rs 50 crores and faced debarment from stock markets, Chandra got clean chit and nothing yet on Mallya and Shroff. Another steel and oil businessman is untouched
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Unlike India's other large banks, all the para banking assets are being acquired by promoter entity IIHL instead of Indusind Bank, which has the same aspirations. Promoters gain but are public shareholders of the bank losing out?
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In a meeting in New Delhi on Tuesday, Department of Financial Services (DFS) Secretary Dr. Vivek Joshi chaired a meeting where initiatives such as CKYC, the Jan Samarth portal, Aadhar seeding, and other relevant schemes were reviewed.
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The bank may function under the hybrid ownership of public-private partnership
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The report underscores the broader implications of AI as a GPT, likening its potential to the industrial revolution's steam engine and the internet age's transformative power
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India will also open a new consulate in Rangpur, Bangladesh to facilitate services for people in the north-west region of the country
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This exchange of MoUs came after PM Modi and the visiting Bangladesh PM held delegation-level talks
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Ministry of External Affairs (MEA) spokesperson, Randhir Jaiswal said that PM Modi extended a warm welcome to his Bangladesh counterpart and said that the two leaders have met 10 times since 2019
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This acquisition amounts to a 0.5 per cent stake in Axis Bank
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