MUMBAI: Bank lending to non-banking finance companies slowed sharply in April, with outstanding loans to the sector falling by Rs 25,512 crore to Rs 16.1 lakh crore. At the end of March 2025, bank credit to NBFCs stood at Rs 16.4 lakh crore, marking a modest growth of 5.7% in FY25.This was significantly lower than…
DHAKA: Bangladesh’s Supreme Court on Sunday ordered the Election Commission to restore the right-wing Jamaat-e-Islami’s party registration, nearly eight months after the interim govt lifted a ban on it, clearing the way for its participation in future elections.Court officials said the SC’s appellate division, led by chief justice Syed Refaat Ahmed, directed the commission to…
Goods and Services Tax (GST) NEW DELHI: Goods and services tax (GST) collections rose 16.4% to Rs 2,01,050 crore in May, the fastest pace of expansion since Oct 2022, on the back of a jump in taxes on imports.Latest data estimated that during May (for transactions in April), GST collections from imports rose 25.2% to…
A fire at a drug rehabilitation clinic in central Mexico left 12 people dead and several others injured, according to officials from Guanajuato state’s prosecutor’s office.The cause of the blaze, which broke out over the weekend, remains under investigation. However, fears are growing that it may be linked to criminal gang activity. Drug cartels operating…
UPI transactions hit new high in May but cash still thriving MUMBAI: Even as the country hurtles toward a digital future with the Unified Payments Interface (UPI) clocking 60 crore transactions a day, a curious contradiction persists: cash is thriving.In the month of May, UPI transactions hit a a record 1868 crore transactions for Rs…
Ukraine’s security agency claimed a massive drone attack on June 1 which severely damaged Russia’s long-range air strike capabilities, causing an estimated $7 billion in destruction and disabling 34% of its cruise missile bombers. Called “Spider Web,” the operation reportedly struck four key Russian airbases, targeting aircraft regularly used to launch missiles on Ukrainian cities….
NEW DELHI: India’s aviation sector is witnessing strong growth, supported by enhanced connectivity, improved airport infrastructure, and emerging potential in sustainable aviation fuel (SAF) development, the International Air Transport Association (IATA) said on Sunday.Speaking at a media briefing during the World Air Transport Summit (WATS) in Delhi, Amitabh Khosla, IATA’s Country Director for India, Nepal…
The Russian defence ministry confirmed on Sunday that the Ukrainian drone strikes targeted 5 airbases across the country, damaging an unspecified number of aircrafts.In a statement, the Russian defence ministry accused Kyiv of carrying out “a terror attack with the use of FPV drones on airfields in the Murmansk, Irkutsk, Ivanovo, Ryazan, and Amur Regions.”“All…
If the ruling is upheld it could mean the Trump administration will have to reimburse the substantial import duties already collected. (AI image) What will happen if the US trade court ruling against American President Donald Trump’s reciprocal tariffs is upheld? If that happens, it could necessitate the Trump administration to refund billions in import…
Ukrainian President Volodymyr Zelenskyy on Sunday praised the drone strike deep inside Russia, calling it a “brilliant result” and an important moment in the war.The operation, over a year and a half in the making, targeted several Russian military airfields, destroying more than 40 aircraft, including bombers and surveillance planes. It marked what Ukraine’s Security…
