New Delhi: Prime Minister Narendra Modi has described the annual Amarnath Yatra, which began on Saturday, as a divine and magnificent manifestation our heritage. In a tweet, he wished new enthusiasm and energy to devotees from divine blessings and that the country country move ahead quickly in ‘amrit kaal’ to realise its resolve. The first batch…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the public sector banks’ profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy. The net profit of public sector banks (PSBs) has almost tripled…
New Delhi: The Congress on Friday said SEBI’s decision to mandate enhanced disclosure requirements for some foreign portfolio investors points to a “clear admission of guilt” by the market regulator in the wake of Supreme Court’s expert committee recommendations. Congress general secretary Jairam Ramesh asserted, in a statement, that SEBI’s investigation has limited scope and only…
Islamabad: In a major relief to cash-strapped Pakistan, the government and the IMF have reached a long-awaited staff-level agreement on a USD 3 billion “stand-by arrangement” to support the authorities’ immediate efforts to stabilise the economy from external shocks. Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure…
Mumbai: Benchmark equity indices hit their fresh all-time high levels in early trade on Friday, helped by foreign fund inflows and positive trends in the global markets. Buying in index major Infosys and HDFC Bank also helped markets maintain their winning momentum. Rallying for the third straight day, the 30-share BSE Sensex jumped 499.42 points…
Mumbai: TCS has taken action against six employees after finding them guilty of accepting favours from certain staffing firms in the appointment of contractual workers, Tata Sons Chairman N Chandrasekaran said on Thursday. The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual…
New Delhi: Prime Minister Narendra Modi met Goldman Sachs’ key leadership here on Wednesday and highlighted India’s potential and opportunities to the leading global banking and investment firm. “Had a fruitful discussion with the members of the Board and key leadership of Goldman Sachs. Highlighted India’s vast potential for growth, fuelled by recent reforms and a…
Colombo: The World Bank has approved USD 700 million in financing to help Sri Lanka to recover from the current economic crisis and provide relief to the poor and vulnerable people, the biggest funding tranche since the IMF deal in March. Cash-strapped Sri Lanka is currently struggling with the worst economic crisis in history. In 2022,…
London: British Prime Minister Rishi Sunak has reaffirmed his commitment to a “truly ambitious” free trade agreement (FTA) with India and indicated his plans to visit New Delhi for the G20 Summit in September. Hosting a special reception to celebrate India Global Forum’s UK-India Week 2023 in the garden of 10 Downing Street in London, Sunak…
New Delhi,:The Enforcement Directorate (ED) on Wednesday said it has attached a Maharashtra-based steel company’s assets worth more than Rs 517 crore under the anti-money laundering law in connection with an alleged bank loan fraud of over Rs 895 crore. The assets, including land, building and machinery, belong to SKS Ispat and Power Limited, the…
