NEW DELHI: Public sector banks must plan for appropriate and timely capital raising and strive to reduce intermediation costs to make banking products and services, particularly credit-related, affordable to the public, said M Nagaraju, secretary of the department of financial services on Monday. He was addressing bankers at the...
NEW DELHI: Artificial intelligence is a driving force in modern markets that also has the potential to enable collusion, including algorithmic discrimination under the garb of dynamic pricing, Competition Commission of India (CCI) chief Ravneet Kaur said on Sunday. She also emphasised the need to adopt a forward-looking approach...
MUMBAI: The High Court on Monday discharged Adani Group Chairman Gautam Adani and Managing Director Rajesh Adani from a case of alleged violations of market regulations involving nearly Rs 388 crore. The Serious Fraud Investigation Office (SFIO) in 2012 initiated the case against the Adani Enterprises Limited (AEL) and...
NEW DELHI: Net direct tax collection grew 13.13 per cent to over Rs 21.26 Lakh Crore so far this fiscal aided by by higher advance tax mop up, government data showed on Monday. During the year, the government collected Rs 10.44 Lakh Crore from four instalments of advance tax...
NEW DELHI: Debt-oriented mutual funds witnessed an outflow of `6,525 Crore in February, a sharp reversal from the strong inflow of `1.28 Lakh Crore in the preceding month, chiefly due to redemptions in short-duration funds. Notably, 10 of 16 debt mutual fund categories reported net outflow during the month,...
MUMBAI: Benchmark BSE Sensex rebounded by 341 points on Monday, snapping its five-day losing streak following buying in banking stocks and a sharp rally in global shares. The 30-share BSE Sensex climbed 341.04 points or 0.46 per cent to settle at 74,169.95 as 19 of its constituents ended in...
By Nitya Chakraborty Sidelined by the Trump 2.0 administration and rebuffed by India, Bangladesh interim government is exploring all avenues to rejuvenate the country’s ailing economy by expanding its trade and investment relationship with Pakistan and China. The objective is to reduce the dependence on India in major areas...
By Nantoo Banerjee India’s popular brand ambassadors Sachin Tendulkar and Mahendra Singh Dhoni engaged to promote the “Mutual Funds Sahi Hai” campaign by the Association of Mutual Funds in India (AMFI) may soon lose their own brand image substantially as recent investors in mutual funds are losing heavily with...
By Kalyani Shankar On Thursday, Tamil Nadu underwent a significant cultural transformation by replacing the official rupee symbol with the Tamil letter ‘ரூ’ in its budget document. Pronounced ‘roo,’ this letter represents the Indian currency in the Tamil language and also embodies the region’s rich cultural heritage. Chief Minister...
By Dr. Gyan Pathak BJP’s winning 9 of the 10 mayoral seats has raised significant political concerns for the Congress. One seat was even won by an Independent, which is even more concerning for the Congress necessitating the party to review the loss critically and impartially to know why...
By Dr Arun Mitra In our country with diverse beliefs and traditions coexisting, the promotion of rational thinking and scientific temper is extremely important. Superstitious beliefs, blind practices and rituals are an impediment to the path of development. Scientific temper is not merely knowledge of science, but it is...
By T N Ashok NEW YORK: It’s a paradox of sorts. While Chinese goods flood the markets globally from watches to pens to electronic gadgets and EVs and luxury goods, China is facing a deluge of Russia made goods in its markets taking the local citizens by craze. Reports...
By Sushil Kutty Ranjini Srinivasan was the Indian face of anti-Trumpism and anti-Israel in Columbia University where she was a doctoral student of Urban Planning till she had to “self-deport” after the Trump administration revoked her US visa. Srinivasan fled to “friendly Canada” from the “unfriendly shores” of Trump’s...
By Ben Chacko LONDON: US bombers killed at least 31 people in Yemen at the weekend, mainly women and children in residential areas. With Donald Trump, there is none of the pretence affected by previous presidents that strikes seek to avoid civilian casualties. “We will use overwhelming lethal force...
By Sophie Bolt LONDON: As Trump brutally hammers out a settlement for Ukraine and Russia, he’s also been hammering Europe for vast, cold-war levels of military spending. And European leaders seem very keen to oblige. Along with Keir Starmer’s so-called peace plan for a 30,000-strong European army, France’s Emmanuel...
By K Raveendran Prime Minister Narendra Modi’s proclivity for favouring friends has become an enduring characteristic of his leadership, a trait that has shaped both his domestic and international strategies. His approach to governance, often criticised for prioritizing personal and political loyalties over broader national interest, is once again...
By Nitya Chakraborty Germany, the strongest economy of Europe and the nation facing big onslaught from the United States President Donald Trump in his second term, is finally getting back its mojo to carve out a strong independent position distancing from its longtime ally the U.S. Despite the spectacular...
By Dr. Gyan Pathak There is a pressing need to create quality jobs for India’s growing population, and advancing difficult factor and product market reforms, complemented by continuing efforts to streamline regulations and address skill mismatches could reinvigorate private investment and increase formal employment, says International Monetary Fund (IMF)....