MUMBAI: The annual increase in bank credit continues to outpace deposit growth by a high margin even after the base effect created by the merger of HDFC with HDFC Bank dissipated post-merger. According to data released by RBI, bank credit grew by 14% year on year as of July 12 while deposit growth for the…
NEW DELHI: Apple is finally set to make Pro series of iPhones in India, in an affirmation to the country’s Make in India initiative. However, there are “no immediate plans” to assemble iPad tablets and MacBook laptops in India for now, sources told TOI. The iPhone Pro devices will be assembled for the first time…
MUMBAI: Markets regulator Sebi has banned fugitive billionaire Vijay Mallya for three years for illegally routing funds through layered transactions using foreign entities and banks to jack up prices of his own companies and also profit from the same. All his holdings in stocks and mutual funds in India have also been frozen while he…
NEW DELHI: Govt will reassess interest from bidders in a clutch of public sector companies that were to be privatised, including Shipping Corporation and BEML, but Concor and BPCL are no longer on the table for now, a top official said on Friday.Tuhin Kanta Pandey, secretary in the department of investment and public asset management…
NEW DELHI: West Bengal chief ministerMamata Banerjee on Friday said her recent statement on violence-hit Bangladesh was “distorted” and took on the foreign ministry for criticising her comment.“I know the federal structure very well. I was an MP seven times, I was Union minister twice. I know the MEA policy better than anyone else,” she…
NEW DELHI: As PM Narendra Modi visited the Kargil war memorial in Drass on Friday, the Modi Archives account on X shared a thread reminiscing about him, then BJP general secretary and in-charge of Himachal, visiting soldiers during the war 25 years ago.In the thread, ‘A Pilgrimage of a Lifetime – Narendra Modi’s Lessons from…
DRASS: Warning Pakistan that its nefarious designs in fuelling the proxy war will be crushed with full force by the Indian security forces, PM Narendra Modi on Friday said the “patrons of terrorism” across the border could hear his voice loud and clear from the heights of Kargil.“Pakistan has not learnt any lessons from its…
NEW DELHI: A week after agreeing to test the validity of blanket constitutional immunity from criminal prosecution to governors, Supreme Court Friday said it would consider framing guidelines for governors in withholding assent to bills passed by the legislature or referring them to the President.Opposition-governed Kerala and West Bengal Friday joined Telangana and Tamil Nadu…
NEW DELHI: Congress president Mallikarjun Kharge on Friday accused PM Narendra Modi of speaking “blatant lie” by calling the Agnipath scheme a brainchild of the Army, even as he slammed Modi for “doing petty politics” on a special day like the Kargil Vijay Diwas. He reiterated that the Agnipath scheme is bad for national security…
NEW DELHI: The 33rd Olympic Games commenced with a captivating opening ceremony in Paris on Friday, transforming the city into an immense stage. The legendary Seine River became the course for the athletes’ procession, highlighting France’s rich cultural tapestry, revolutionary essence, exceptional artisanship, and architectural legacy.Breaking from tradition, the mesmerizing spectacle began with the ‘Parade…
