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RBI says banking sector stable amid Adani stocks rout
The Reserve Bank of India today said the country’s banking system remains resilient and stable, amid concerns about the exposure of lenders to Adani group companies. “Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. Banks are also in compliance with the Large...
Adani ditches share issue on ‘moral’ grounds
Adani Enterprises Ltd has called off its Rs 20,000-crore share sale, saying it would not be “morally correct” in the current market condition. Adani Enterprises chief Gautam Adani has said although the FPO closed successfully yesterday, “the market has been unprecedented (today), and our stock price has fluctuated over...
Income tax rebate limit up to Rs 7 lakh in New Regime
The central government today made the much-awaited mega announcement on increasing the earnings level up to which no income tax is payable: Rs 7 lakh a year from the 2023-24 financial year. It was Rs 5 lakh so far. Under a new five-slab structure, those making even a rupee above it...
Adani refutes Hindenburg charges as ‘attack on India’
Gautam Adani’s group on Sunday likened the damning allegations made by short seller Hindenburg Research to a “calculated attack” on India, its institutions and growth story, saying the allegations are “nothing but a lie”. In a 413-page response, Adani Group said the report was driven by “an ulterior motive”...
Heavy snowfall may disrupt grand finale of Rahul’s Yatra
Heavy snowfall in Kashmir’s Srinagar might dampen the celebratory spirit of the closing ceremony of Congress’s pan-India foot march ‘Bharat Jodo Yatra’, scheduled for today. Congress is organising a mega rally at Sher-I-Kashmir Cricket Stadium to mark the end of 135-day long Kanyakumari to Kashmir yatra. Besides the...
March against ‘love jihad’ seeks anti-conversion laws
Activists of right-wing organisations took out a massive rally in Mumbai on Sunday against ‘love jihad’ and demanded anti-conversion laws and a crackdown on land grabbing in the name of religion. Leaders and workers of right-wing outfits such as the Rashtriya Swayamsevak Sangh (RSS), Bajrang Dal and Vishwa Hindu...
BBC Modi show screened in Kerala, Delhi, Hyderabad
The Congress unit in Kerala screened the controversial BBC documentary on PM Narendra Modi in Thiruvananthapuram even though the central government has banned it in India saying it’s false and motivated “propaganda”. The public showing of the series — the two-part documentary speaks about the 2002 Gujarat riots and...
Top ISIS leader killed in Somalia raid by US military
A US military raid in Somalia ordered by President Joe Biden killed a key regional leader of the Islamic State group, Bilal al-Sudani, US officials said Thursday. Sudani was killed during a gunfight after US troops descended on a mountainous cave complex in northern Somalia hoping to capture him,...
Court setback for KCR govt over R-Day parade
The K Chandrasekhar Rao government in Telangana lost the latest round against the Governor on the Republic Day parade in court today. The High Court has ordered that a full-fledged parade for the Republic Day be held at the regular parade ground in Hyderabad, in place of the curtailed...
