MUMBAI: RBI deputy governor Poonam Gupta has responded to recent IMF comments questioning the quality of India’s growth data and classifying the rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more procedural than substantive. “The point that they’re…
Defence Minister Rajnath Singh with his Russian counterpart Andrey Belousov NEW DELHI: The long-standing extensive defence partnership between India and Russia will “reorient” itself from largely a buyer-seller relationship at present to joint R&D, co-development and co-production of advanced military technologies and systems.The joint statement issued after the Modi-Putin summit said this was in tune…
MUMBAI: A pro-growth monetary policy statement from RBI lifted investor sentiment on Dalal Street on Friday that lifted the sensex by nearly 450 points to close at 85,712 points. The rate cut decision, which is expected to aid banks’ lending business, led to a strong rally in banking stocks with SBI and HDFC Bank contributing…
Noel tata, Ratan Tata, Simone Tata MUMBAI: Former Tata Group director Simone Tata had transferred ownership of her assets, including Tata Sons shares, to her son and Tata Trusts chairman Noel Tata, said people in the know.The move, which took place some years ago, increased Noel’s stake in Tata Sons to 1%, making him the…
Prime Minister Narendra Modi (R) and Russian President Vladimir Putin (PTI photo) New Delhi: India and Russia on Friday vowed to scale up bilateral trade to $100 billion by 2030, with PM Narendra Modi saying the target could be ach-ieved “well ahead of schedule”.“Considering the tremendous potential in our partnership, I am confident that we…
Monet Bank, a small Texas community bank owned by a billionaire political supporter of President Donald Trump, has stepped into the field of crypto lenders, billing itself as an “infrastructure bank” with a focus on digital assets. “Monet is focused on being the premier digital asset financial institution, providing innovative and forward-facing solutions for the…
NEW DELHI: Govt has put on hold the new flight duty time limitation (FDTL) norms for pilots with “immediate effect for now” and expects normalcy in IndiGo operations to be restored by Dec 15.The aviation ministry’s decision came Friday when over 1,000 IndiGo flights — more than half its schedule — were cancelled, with none…
NEW DELHI: India remains the centre of malaria transmission in the WHO South-East Asia Region, accounting for 73.3% of all estimated cases and nearly 89% of malaria deaths in 2024, even as the region records one of the world’s steepest declines in malaria, World Malaria Report 2025 showed.The region logged 4.79 lakh cases in 2024…
The two largest publicly traded companies holding bitcoin, Strategy (MSTR) and MARA Holdings (MARA), have each fallen roughly 40% over the past six weeks. CoinDesk Research has extensively covered the MSTR correction, but MARA, which is down 55% year over year, is also attracting attention as some investors view it as inexpensive at current levels….
IMPHAL: Over 150 metres of fence in newly constructed section along Myanmar border in Manipur’s Chandel district was cut in the second instance of such a security breach in the state in four months. Officials said they had zeroed in on the suspects but declined to reveal their identities, citing ongoing investigations. The “sabotage” was…
