New Delhi: In a major change in policy, govt has increased the time allowed for construction of 6-10 km-long bridges across rivers such as Ganga and Brahmaputra to six years and for 2.5-6 km-long bridges on Mahanadi and Godavari to five years. The timelines have been revised from the current 24-30 months.Similarly, the construction period…
Chaos Labs, one of Aave’s key risk managers, is leaving the DeFi lending giant’s ecosystem, marking the latest in a string of high-profile contributor exits that have reshaped the protocol’s core operating team in recent months. The departure follows earlier exits from major contributors like ACI (Aave Chan Initiative) and BGD Labs, signaling growing internal…
NEW DELHI: The Centre has, for the first time, come out with dedicated rules to manage tar balls – weathered product of oil spills due to offshore oil exploration activities, oil tanker/ ship/ vessel accidents or pipeline leakages that cause marine pollution – and proposed mandatory provisions for owner of oil facilities for its collection,…
Foreign firms leased a record 9.1 million square feet of office space across India’s top nine cities during the January-March quarter to set up Global Capability Centres (GCCs), highlighting strong demand for workspaces, PTI reported citing CBRE data.Real estate consultant CBRE said total gross leasing of office space rose 5% to 20.7 million square feet…
The government on Monday extended the implementation timeline for the mandatory quality control order (QCO) on certain electrical appliances by six months till October, PTI reported.“It shall come into force on the 1st of October, 2026,” the Department for Promotion of Industry and Internal Trade (DPIIT) said in a notification.The QCO is applicable to all…
Bengaluru: Amazon is preparing to scale down its 4-24 hour grocery delivery service, Amazon Fresh, in several major Indian cities as it sharpens focus on its quick commerce offering, AmazonNow, according to a UBS Global Research report.The transition is expected to play out across 10-15 large urban markets where AmazonNow is being expanded, effectively replacing…
NEW DELHI: Rajya Sabha chairman CP Radhakrishnan on Monday rejected the opposition’s impeachment motion against Chief Election Commissioner Gyanesh Kumar.It was the first time a notice seeking the removal of the Election Commission chief was issued with the signature of 130 Lok Sabha MPs and 63 Rajya Sabha members.The 10-page impeachment motion accused Gyanesh Kumar…
The rupee appreciated by 28 paise to close at 92.90 against the US dollar on Monday, supported by the Reserve Bank’s measures aimed at curbing speculative activity and reducing volatility, PTI reported.Forex traders said that while the RBI’s actions are positive for the currency, continued foreign fund outflows, a firm dollar and elevated crude oil…
Mumbai : Bank earnings in FY26 are set to shift from margin-led gains to volume-driven growth, even as funding pressures intensify with banks increasingly tapping costly wholesale sources to sustain credit expansion. According to data released by RBI, system-level advances grew 13.8% as of March 15, outpacing deposit growth of 10.8%, widening the gap between…
Crypto has added to a Sunday rally, with bitcoin BTC$70,134.20 rising above $70,000 in quiet post-Easter U.S. trading hours. The gains come alongside a modest advance in the major stock market averages ahead of President Trump’s Tuesday ultimatum for Iran to open the Strait of Hormuz. Just past the noon hour on the East Coast,…
