MUMBAI: The standing committee on finance has flagged concerns over the financial sustainability of digital payments, gaps in formal lending, cybersecurity weaknesses in banks, and declining insurance penetration in its 32nd report presented in March 2026 while examining the “demands for grants (2026-27)” for the Department of Financial Services (DFS)under the finance ministry.The committee, which…
NEW DELHI: Five years after starting the process, the Centre has called off the disinvestment of IDBI Bank after the bids received found to be lower than the reserve price.Those familiar with the process said govt will decide the future course of action, including calling for fresh bids so that it can realise the best…
MUMBAI: Two weeks into the war in West Asia, investors in India have lost a staggering Rs 34 lakh crore worth of wealth due to the strong selloff in the stock market.The turmoil has also shaved off a little over 5,250 points or 6.5% from the sensex, as foreign funds have doubled down on their…
Billionaire investor Stanley Druckenmiller said stablecoins could underpin global payment systems within the next decade or two while reiterating his long-standing skepticism toward much of the broader cryptocurrency market. “I assume our whole payment systems will be stablecoins in 10 or 15 years,” he said in an interview Morgan Stanley posted on Thursday. The fiat-pegged…
NEW DELHI: The joint opposition on Friday moved Parliament for removal of Gyanesh Kumar as chief election commissioner (CEC), a critical step that takes the anti-BJP camp’s protest against the nationwide SIR and conduct of elections to the extreme limit that would further widen its already yawning chasm with the NDA. The removal notice comes…
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Representative image (AP) NEW DELHI: Iran has allowed two India-flagged liquefied petroleum gas (LPG) carriers to transit through the Strait of Hormuz amid the ongoing conflict in the Middle East, Reuters reported citing four sources with direct knowledge of the matter.The development comes as Iran’s Ambassador to India, Mohammad Fathali, confirmed that Tehran would provide…
LUDHIANA: They sent off the youngster, cheerful and smiling, to a foreign land in the hope of a better life. They got him back in a casket, wearing an alien uniform, and no answers to how he died and why. Ludhiana’s Samarjeet Singh, who had travelled to Russia in 2025 for higher education and better…
The XRP Ledger has never been busier, but traders are yet to catch up. Daily successful payments on XRPL recently hit a 12 month high of over 2.7 million, up from roughly 1 million in late 2025, according to XRPSCAN data. The network is processing between 2 and 2.8 million transactions per day at 20…
NEW DELHI: CBI Friday questioned Jai Anmol Ambani in connection with their ongoing investigation into an alleged Rs 228 crore bank fraud involving Reliance Home Finance Ltd. (RHFL). The son of industrialist Anil Ambani appeared at the CBI head office in Delhi, where he was examined by investigating officers for around six hours. Following the…
