ayushpandey8369066278@gmail.com

Oswal’s Axis takes Guinea to World Bank, seeks $29bn

Bengaluru: Axis International, controlled by Indian-origin billionaire Pankaj Oswal, has initiated an arbitration seeking at least $28.9 billion in compensation against the Republic of Guinea at the World Bank. The company has alleged unlawful revocation of its mining rights at one of the country’s largest bauxite operations.The United Arab Emirates-based firm filed the claim on…

Read More

Crop damages fraud: 9 bankers, 3 insurance staff, 32 tillers booked | India News

KANPUR: Nine bank managers, three crop insurance staffers, and 32 farmers – 14 of them landless – have been booked after Rs 68 lakh was fraudulently transferred to 35 “landless” farmers as compensation for crop losses in Uttar Pradesh’s Farrukhabad district in violation of Prime Minister’s Crop Insurance Scheme (PMCIS) rules.Deputy director (agriculture) filed two…

Read More

Bank profits rise for 7th year, bad loans fall to multi-year low

RBI imposes restrictions on Loknete RD Kshirsagar Sahakari Bank MUMBAI: RBI has said that the banking sector remains resilient, backed by double-digit balance sheet growth and sustained profitability. Asset quality improved further, with the gross non-performing assets ratio falling to a multi-decadal low and the slippage ratio declining for the fifth straight year. While commercial…

Read More