RBI to transfer record dividend of Rs 2.69 lakh crore to central government for FY25, 27.4% up from last year
The Reserve Bank of India (RBI) on Friday announced it will pay a record dividend…
Deadly chaos at Gaza aid sites: Israel accused of killing 93 ‘hungry’ Palestinians; military disputes numbers, claims warning shots were fired
Palestinians flee Deir al-Balah in central Gaza Sunday, July 20 after the Israeli military issued evacuation orders ahead of expected operations in the area (AP photo) In Gaza, authorities reported that Israeli forces fatally shot 93 Palestinians attempting to receive humanitarian assistance on Sunday. The casualties included 80 deaths in the north during aid truck…
HDFC duo’s merger still looms over industry’s credit growth
MUMBAI: The merger of HDFC and HDFC Bank in FY24, which slowed down bank credit growth in FY25, continues to remain a drag on overall lending, pulling industry credit growth into single digits in Q1FY26. The combined entity’s loan growth fell from 15-17% before the merger to 5.4% in FY25 and remained below the industry…
Trump-Epstein ties under scrutiny: Sexual harassment allegations by Maria Farmer in 1996 resurface; White House reacts
Renewed attention is being drawn to former associates of Jeffrey Epstein which includes sexual harassment allegations made in 1996 by artist Maria Farmer. At the time, Farmer, then in her mid-20s, alerted law enforcement not only to Epstein’s alleged abuse but also raised concerns about the powerful circle surrounding him- including now-US President Donald Trump,…
Govt keeps tabs on capex as private investment lags
NEW DELHI: Govt is keeping a close watch on capex as private investment remains weak, some of which may be on account of the global uncertainty induced by the US President Donald Trump’s tariff regime.During April-May, Centre’s capital expenditure has been higher with ministries and departments spending 20% of their allocation for the year, compared…
Japan politics: PM Ishiba’s coalition loses upper house majority; first time loss for LDP in both chambers since 1955
Japanese Prime Minister Shigeru Ishiba’s ruling coalition has failed to retain its majority in the upper house of parliament, giving another significant blow to his government and fuelling further political uncertainty.According to public broadcaster NHK, the Liberal Democratic Party (LDP) and its junior partner Komeito fell short in Monday’s pivotal election, securing only 47 seats…
Investors seek a bite of food & beverages pie
MUMBAI: A lot is happening over food. From Theobroma to Haldiram’s and Biryani By Kilo, investors (investment firms and corporates alike) are lining up to take a bite of India’s food (captures packaged food as well as food services like QSR) and beverages (F&B) space.A broader sluggishness in consumption had slowed down the pace of…
This K-Pop band is making waves with sign language
All members — Lee Chan-yeon, Park Hyun-jin, Kim Ji-seok — are hard of hearing Like other K-pop sensations, Big Ocean sings, raps, dances and attracts swooning fans. But this new group’s meteoric rise is fueled by a skill it seems no other boy band boasts: signing. Band members — Lee Chan-yeon, 27, Park Hyun-jin, 25,…
Viceroy calls semiconductor unit of Vedanta a ‘sham op’
NEW DELHI: Continuing its tirade against mining heavyweight Anil Agarwal‘s Vedanta group, US-based Viceroy Research has alleged that the group’s semiconductor unit was a “sham commodities trading operation”, designed to avoid classification as an NBFC, a charge the conglomerate called baseless.The short seller, which last week published a scathing report about Vedanta Group and followed…
Bangladesh set to revive caretaker govt system
DHAKA: Political stakeholders in Bangladesh on Sunday reached a consensus on reinstating the caretaker govt system in Bangladesh that was abolished more than a decade ago.“We have all been part of a 14-year-long struggle to restore the caretaker govt system. At today’s discussions, we successfully reached an agreement on its reintroduction,” said vice-chairman of National…
PNGRB price order: Regulator tells CGD firms to charge one PNG rate; warns against misuse of subsidised gas
Representative image (Picture credit: ANI) India’s petroleum regulator has directed city gas distributors to charge a uniform rate for piped natural gas (PNG) supplied to household kitchens, regardless of usage volume. The move comes amid concerns that a tiered pricing system adopted by some firms may be encouraging misuse of subsidised gas and leading to…