109 results for “Economy & Banking”
Sanjay Kumar, Director (Marketing) at GAIL (India) Ltd, has been appointed as the next Managing Director and Chief Executive Officer of Petronet LNG Ltd. His five-year term will begin on 13 May 2027 after the completion of the extended tenure of the current CEO, A K Singh, on 12 May 2027.
The Adani Group announced plans for investments exceeding Rs 6 lakh crore in Maharashtra on 2 October 2026. The announcement was made at the launch of Invest Maharashtra, the state’s investment promotion agency, by Pranav Adani, Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises.
The Reserve Bank of India approved Anup Bagchi as the Managing Director and Chief Executive Officer of HDFC Bank on 1 October 2026. His three-year term will begin on 27 October 2026, after the completion of Sashidhar Jagdishan’s current term on 26 October 2026.
The Agricultural and Processed Food Products Export Development Authority facilitated the export of a 1 metric tonne consignment of popped makhana from Purnea in Bihar to Greece on 2 October 2026. The shipment moved from Mundra Port in India to Piraeus Port in Greece through Indo Global Export, Belouri, Purnea, and S. S. Foods Exports Pvt. Ltd., New Delhi.
The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the flag-off of a consignment of frozen food products from Sonipat in Haryana to Canada on 1 October 2026. The export was led by Aterna Foods Producer Company Limited, a Farmer Producer Organisation (FPO), and the shipment weighed 24 metric tonnes with 2,295 boxes of frozen food products.
The Pension Fund Regulatory and Development Authority (PFRDA) set a target to add 2–3 crore new subscribers to the National Pension System (NPS) over the next two years. The announcement was made on 1 October 2026 by PFRDA Chairperson S. Ramann. The expansion plan is linked to the NPS Tatkal facility, which allows direct enrolment and contribution through Unified Payments Interface (UPI) applications.
Karnataka notified its Textile & Apparel Policy (4.0) 2026-31 on 30 September 2026 with a financial outlay of Rs 4,000 crore. The policy aims to attract Rs 20,000 crore in domestic and foreign investment and create 5 lakh jobs in the textile sector over five years.
The Government of India revised sugar stockholding norms for dealers on 1 October 2026 to regulate sugar distribution during the festive season. The new order applies from 15 October 2026 to 30 November 2026 and limits dealer stock to 15 days from the date of receipt.
Kotak Mahindra Bank Ltd received approval from the Reserve Bank of India on 1 October 2026 for the appointment of Anup Kumar Saha as Managing Director and Chief Executive Officer. His three-year tenure will begin on 1 January 2027, and he will succeed Ashok Vaswani, whose term ends on 31 December 2026.
The National Stock Exchange of India received a No Objection Certificate from the Securities and Exchange Board of India on 1 October 2026 to launch futures contracts linked to a corporate bond index. The proposed product remains subject to approval from the Reserve Bank of India and will enter India’s exchange-traded fixed-income derivatives segment after the required clearances.
India is preparing a new National Steel Policy with a target of more than 600 million tonnes of steelmaking capacity and over 500 million tonnes of steel consumption by 2047. The draft policy is intended to replace the National Steel Policy, 2017, which had a horizon up to 2030 and a capacity target of 300 million tonnes.
The Ministry of Micro, Small and Medium Enterprises and the Ministry of Statistics and Programme Implementation exchanged a Memorandum of Understanding in New Delhi on 29 September 2026. The agreement covers the development and strengthening of the Statistical Business Register and the National Statistical Business Register.