India’s Solar Energy Corporation of India (SECI) has banned Reliance Power and its subsidiaries from bidding on its contracts for three years. SECI alleges that Reliance Power submitted a fake bank guarantee as part of a bid for a battery energy storage system project. Reliance Power maintains it was the victim of fraud and plans to challenge the ban.
The Reserve Bank of India has partially reinstated ATM cash retraction to combat new ATM fraud involving fake slot covers. This feature, disabled in 2012, […]
India’s wholesale price inflation surged to a four-month high of 2.4% in October, driven by a sharp rise in food prices, particularly vegetables. Vegetable prices […]
