Post Emirates investment, RBL aims to join big league

MUMBAI: RBL Bank aims to become one of India’s large banks within three to five years, leveraging a strategic tie-up with UAE based Emirates NBD, its managing director and chief executive R Subramaniakumar said.The foreign lender will invest around $3 billion through a preferential-issue to acquire a 60% stake, triggering an open-offer under regulatory guidelines.Subramaniakumar…

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DK Shivakumar hits back at corporate honchos over Bengaluru infrastructure | India News

BENGALURU: The feud between Karnataka deputy CM DK Shivakumar and two of Bengaluru’s most prominent corporate captains — Biocon chairperson Kiran Mazumdar-Shaw and former Infosys director TV Mohandas Pai — escalated Sunday over the city’s crumbling infrastructure.Mazumdar-Shaw hit back at Shivakumar’s remarks that those criticising govt’s handling of Bengaluru’s civic issues had a “personal agenda”…

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Reduced taxes to boost luxe spend: Rado

MUMBAI: The trade agreement between India and the European Free Trade Association (EFTA) will allow Swiss luxury watch brands to offer more competitive pricing in the South Asian country, widening their appeal, said Adrian Bosshard, CEO at Rado which counts India as its biggest market, surpassing top luxury spenders China and the US.The trade pact…

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CM’s war on adulteration: Goods worth 8cr seized, destroyed | Lucknow News

Lucknow: In a bid to safeguard public health during the festive season, Chief Minister Yogi Adityanath has spearheaded a statewide crackdown against food adulterators. The ‘Diwali Special Campaign’ — which ran from Oct 8 to 17 — saw the Food Safety and Drug Administration Department’s enforcement teams conducting rigorous inspections and raids across various districts….

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Rs 1,951 crore released for flood-hit Maharashtra, Karnataka as disaster relief | India News

NEW DELHI: In view of heavy rainfall and displaced people losing their livelihoods, the Centre on Sunday released Rs 1,951 crore for the state disaster relief funds of Maharashtra and Karnataka.Home minister Amit Shah said govt was fully committed to providing all possible assistance to states affected by flood, landslides and cloudburst. He has approved…

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