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According to an RBI statement issued on Tuesday, a monetary penalty of Rs 6.50 lakh has been imposed on Dhanera Mercantile Co-operative Bank Ltd., Dhanera, Gujarat for non-compliance with the directions issued by RBI on loans and advances to directors, relatives and firms/concerns in which they are interested.

Except for PSU Banks, Realty, and Consumer Durables, all sectors ended in red. Auto saw profit booking after good September month sales numbers, while O&G fell following cool-off in Brent crude prices which has corrected to below $90/barrel, he said.

The production of Coal India Limited (CIL) rose to 51.44 million tonnes in September 2023 as against 45.67 million tonnes in September 2022, thus recording a growth of 12.63 per cent. 

The office of the Director General of Civil Aviation (DGCA), which oversees the country’s aviation industry, recently proposed an update to its bylaws regarding alcohol consumption, CNN reported.

AI953 will depart at 1:30 p.m. (IST) to reach Doha at 3:45 p.m. The return flight AI954 will take off from Doha at 4:45 p.m. to land at Kochi at 11:35 p.m. (All Local Time).

Out of the Rs 1,62,712 crore GST collections for September, CGST was Rs 29,818 crore, SGST was Rs 37,657 crore, IGST was Rs 83,623 crore (including Rs 41,145 crore collected on import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on import of goods). 

Reports suggest that the company is stressing on the importance of physical interaction among employees.

After today i.e. September 30, the Rs 2000 notes will continue to remain legal tender. However, customers cannot exchange it and they will not be accepted for transaction purposes.

The Finance Ministry, which revises interest rates for small saving schemes after every quarter, announced the new rates on Friday for the period between October 1 and December 31, 2023.

The minister's comments came as the proposal by the Telecom Regulatory Authority of India (TRAI) on selective banning of OTT or Internet services has resulted in a fierce debate among industry bodies, internet companies and startup founders. 

September 30th deadlines: Submit DIR-3 KYC for directors, transfer international money, meet tax audit due date, and exchange Rs 2,000 notes to avoid penalties.

According to airline spokespersons, bookings for the codeshare flights are being opened across points of sale, for travel starting on Monday. 

However at the same time, he cautioned that the main challenge would be to ensure that the rupee remains competitive, as there is a natural tendency for the Indian currency to appreciate.

The RBI identifies 'wilful defaulters' as those who have the ability to pay a bank's dues but do not or divert bank funds. The RBI did not earlier have a specific timeline within which such borrowers had to be identified.

The Directorate General of Civil Aviation (DGCA) said that on account of the concerted efforts by the regulator in close coordination with the stakeholders the rollout of the regulations marks a significant step towards DGCA's commitment to ensuring the highest level of aviation safety. 

The UPI-based payments crossed 10 billion monthly transactions in August for the first time, according to the National Payments Corporation of India (NPCI).

Inflation data from the US present a mixed picture. While the CPI inflation data for August has come at 3.7 per cent against expectations of 3.6 per cent, core inflation was on expected lines coming at 4.3 per cent. So the market thinking is that the Fed is likely to pause in September.

Tata Motors has also said that they will continue to produce diesel powered cars despite a hike in GST as long as there are customers willing to buy them.

For July 2023, the quick estimates of index of industrial production (IIP) with base 2011-12 stood at 142.0.

The investment forum held on Monday witnessed the attendance of more than 500 companies from India and Saudi Arabia.