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Reliance Cap second auction postponed again; new date yet to be fixed
According to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings Ltd (IIHL) of Hinduja Group, Torrent Investment and Singapore-based Oaktree Mumbai: Lenders of debt-ridden Reliance Capital...
Russia threatens West as Turkey seeks grain deal extension
While Russian food and fertilizer exports are not under sweeping Western sanctions, Moscow says restrictions on payments, logistics and insurance industries are a barrier ANKARA: Russia on Friday threatened to bypass the UN-brokered grain deal unless obstacles to its...
Mutual funds invest Rs 1.82 lakh cr in equities in FY23 on strong push from retail investors
The Indian retail investors have warmed up to equity mutual funds and in fact, these have become their preferred investment option in volatile times. SIPs (Systematic Investment Plans) continue to be a popular investment method among retail investors Mumbai: Mutual...
Maha: Lightning bolts, drowning claim 14 lives in 48 hours
In the worst single tragedy, seven persons were killed in Akola's Parasgaon village late on Sunday where a lightning bolt felled a 150-year-old neem tree on a tin shed at the Babuji Maharaj Sansthan ashram Many districts have suffered massive agriculture damage due to...
Post office savings schemes compete with bank FDs after 3 hikes in rates by govt
The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks on deposits of similar maturity New Delhi: Post office term deposits, which were fetching lesser returns than bank FDs in the recent...
Munich Re won’t extend Nord Stream 1 coverage when it expires this year
Sources told Reuters that Allianz and Munich Re were among the European insurers that had previously renewed coverage for the damaged Russian-controlled Nord Stream 1 gas pipeline Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it...
After Munich Zurich Insurance quits Net-Zero Insurance Alliance
Zurich’s departure will raise further questions about the workability of voluntary industry associations targeting emissions reductions. While GFANZ, as the biggest finance sector initiative with sub-groups covering insurance to banking, has raised the awareness among...
FPIs dump Indian equities worth Rs 37,631 cr in FY23; trend likely to reverse in FY24
The massive selling by FPIs from the Indian market has been absorbed by domestic institutional investors (DIIs), including mutual funds and insurance companies. This is a reflection of the rising clout and maturity of domestic investors Explaining the sectoral...
Smartwatches might predict whether there’s higher risk of heart failure
Lead author Dr Michele Orini (UCL Institute of Cardiovascular Science) said: "Our study suggests that ECGs from consumer-grade wearable devices may help with detecting and preventing future heart disease Heart failure is a situation where the heart pump is weakened....
SC overturns SAT’s rulings against IRDAI, PJ Joseph and Marsh, upholds regulator’s order on `Marsh bribery case’
``The SAT has, ex-facie, gone wrong in observing that Atkins had relied on documentary evidence in support of the complaint. We have referred to the nature of the documents but we accept the argument of the IRDAI that these cannot constitute materials to trigger off...
6,155 fresh Covid infections in India, active cases climb to 31,194
Union Health Minister Dr Mansukh Mandaviya In view of increasing cases of Covid-19, Union Minister Mansukh Mandaviya, who chaired a review meeting with states on Friday, asked them to stay alert and remain prepared for the management of the disease The latest preprint...
No sweeping power or a draconian move: MoS IT on govt’s fact-checking unit
Rajeev Chandrasekhar,Union Minister of State for Electronics and IT Replying to a tweet from Independent MP Kapil Sibal, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar said that the new IT rules "already provide for social media platforms to...
74% of Indians concerned about their personal financial situation: PwC Report
"Consumers will continue to demand world-class buying experiences in both physical and digital channels with work cut out for brands to reduce costs, enhance availability, and for 'going local'. The silver lining here remains the unequivocal growths in adoption of...
Unseasonal rains: Crops on 60k hectares in Marathwada damaged, affects 1.22 lakh farmers; Nanded worst-hit
Quoting figures from the crop loss assessment survey carried out by the state government, he said Nanded saw the maximum loss with crops getting damaged on 21,579.50 hectares and affecting 36,543 farmers. Aurangabad: Crops on more than 60,000 hectares of land in...
RCap resolution plan deadline may be extended
All the three bidders-- IndusInd International Holdings Ltd (IIHL) of Hinduja Group; Torrent Investment and Singapore-based Oaktree -- who will be participating in the extended challenge mechanism (second round of auction), are still engaged with the Committee of...
Daily Covid cases cross 6000-mark in India, positivity rate at 3.39 pc
New Delhi: India has logged 6,050 fresh coronavirus cases, the highest in 203 days, while the active cases have increased to 28,303, according to Union health ministry data updated on Friday. On September 16 last year, 6,298 cases were recorded. The death toll has...
FinMin sets up Somanathan panel to review pension system for govt employees
TV Somnathan,finance secretary, ministry of finance The announcement came in the backdrop of several non-BJP states deciding to revert to the DA-linked Old Pension Scheme (OPS) and also employee organisations in some other states raising demand for the same The state...
India & China to account for half of global economic growth in 2023, says IMF chief
The period of slower global economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth, “our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades,'' IMF managing...