Mumbai: India’s central bank on Tuesday barred entities regulated by it, including banks and non-banking finance companies (NBFCs), from investing in alternate investment funds (AIFs) that have investments in existing and recent borrowers. This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months,…
Kolkata: On the eve of the INDIA bloc’s meeting in New Delhi, the Trinamool Congress, a major constituent of the alliance, urged the Congress to abandon its “Zamindari culture” and work towards presenting senior leaders like Mamata Banerjee as the face of the alliance. Banerjee, the TMC supremo and Chief Minister of West Bengal, is…
Mumbai: The Reserve Bank of India’s board on Monday reviewed the prevailing economic and financial scenario, including the challenges posed by geopolitical developments. The 605th meeting of the Central Board of Directors of Reserve Bank of India was held today in Ekta Nagar (Kevadia) under the Chairmanship of Governor Shaktikanta Das. “The board reviewed the…
New Delhi: China followed “wolf-warrior diplomacy” and “salami-slicing” tactics with impunity browbeating smaller neighbours and it took the Indian Army to show to the world that “enough is enough” and challenge the “neighbourhood bully”, says Gen Manoj Mukund Naravane, the 28th Chief of Army Staff, recounting the Indian response to the Chinese aggression in eastern…
Gadag (K’taka): Karnataka Chief Minister Siddaramaiah on Sunday said his government will not be a mute spectator to corruption and will initiate action against the corrupt. He said investigations are underway in ’40 percent commission’ cases against the previous government and steps will be taken against the guilty. “If any cases of corruption are found…
Surat: Prime Minister Narendra Modi on Sunday said the Surat Diamond Bourse, the world’s largest and modern centre for international diamond and jewellery business, is the symbol of strength and determination of the new India. Modi inaugurated the Surat Diamond Bourse in Gujarat and the new integrated terminal of the city’s international airport during his…
New Delhi: Billionaire Gautam Adani’s group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises — the firm that holds the group’s media interest — said its subsidiary “AMG Media Networks Ltd has…
New Delhi: India has appealed against a ruling of the World Trade Organization’s (WTO) trade dispute settlement panel in a case filed by the European Union against New Delhi’s import duties on nine information and technology products. India’s move came after both regions were not able to arrive at a mutually agreeable solution (MAS). “India and…
New Delhi: Equity investors became richer by Rs 8.11 lakh crore in three days of market rally that saw the benchmark Sensex breaching the 71,000-mark for the first time on Friday. The US Federal Reserve keeping its key interest rate unchanged and signalling rate cuts next year, along with continuous foreign fund inflows into the equity…
New Delhi: To tackle congestion at airports, civil aviation minister Jyotiraditya Scindia on Friday said manpower, X-ray machines, departure entry gates, check-in counters, and immigration counters have been increased compared to last year. The number of X-ray Baggage Inspection Systems (XBIS) has been increased by 33 per cent and at AAI airports by 49 per…
