The World Bank has sanctioned a loan worth $125 million (about Rs. 1,000 crores) to the government of West Bengal to support its effort to help the poor and vulnerable groups access social protection services.
The RBI has approved the appointment of former Comptroller and Auditor General Vinod Rai as the Independent Chairman of Unity Small Finance Bank Limited (Unity Bank).
Reliance Industries Ltd (RIL) has announced the acquisition of a controlling stake in Mandarin Oriental New York, a premium luxury hotel in midtown Manhattan.