Public sector banks (PSBs) have written off loans worth Rs 6.15 lakh crore over the last five-and-a-half years, with the exercise aimed at cleaning up balance-sheets rather than waiving borrower liabilities, Parliament was informed on Monday, PTI reported.“As per Reserve Bank of India (RBI) data, PSBs have written-off an aggregate loan amount of Rs 6,15,647…
NEW DELHI: The ministry of external affairs on Monday said that India continues to closely monitor developments in Pakistan, adding that “democracy and Pakistan don’t go together” in response to concerns about the weakening of democratic institutions in the neighbouring country.“We keep a close eye on every development in Pakistan. But regarding democracy, you’re saying…
Check out the companies making the biggest moves before the bell: Confluent – The Wall Street Journal published a report on Sunday that IBM is in advanced talks to seal an $11 billion deal to acquire data-infrastructure company Confluent, boosting the latter company’s shares by 27%. Broadcom — The chipmaker rose more than 2% after…
Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…
APT$1.7744 carved out gains during the last 24 hours, climbing 1.8% to $1.76 despite facing headwinds from an approaching token unlock. The altcoin lagged the broader crypto market, signaling selective rotation as traders weighed near-term supply pressures against technical momentum, according to CoinDesk Research’s technical analysis model. The broader market gauge, the CoinDesk 20 index,…
NEW DELHI: Congress MP Priyanka Gandhi Vadra on Monday launched a sharp attack on the Prime Minister and claimed that the Centre wanted the discussion on Vande Mataram in the Lok Sabha to serve its poll prospects in the upcoming Assembly elections in West Bengal.During her address in the Lok Sabha, Priyanka said that there…
NEW DELHI: Prime Minister Narendra Modi launched a fierce attack on the Congress in the Lok Sabha during a special debate marking 150 years of Vande Mataram, accusing the party of repeatedly compromising on the national song — from the freedom movement to the years after Independence. Framing the discussion around what he described as…
A $1 million haul of cash and gold tied to QuadrigaCX’s co-founder has been forfeited to the government of British Columbia, signaling the strongest test yet of the Province’s unexplained wealth order framework. The Supreme Court of British Columbia granted the forfeiture after Michael Patryn did not contest the action, clearing the way for the…
A low inflation environment, characterised by low core inflation, primarily provided policy space. (AI image) By Dipti DeshpandeAfter a five-month pause, the Monetary Policy Committee (MPC) of the Reserve Bank of India reduced the repo rate again.This action was complemented by additional liquidity-easing measures aimed at speeding up transmission to the real economy at a…
India’s defence aviation is set for a major boost, as Tata Advanced Systems and Lockheed Martin begin a dedicated Maintenance, Repair and Overhaul (MRO) facility for the C-130J Super Hercules aircraft. The groundbreaking, that took place in Bengaluru on Monday, marks the latest expansion in the two companies’ long-running industrial ties.The ceremony was attended by…
