KOLKATA: For the first time in five years, Bengalis will have to go without ‘Padmar ilish (hilsa from the Padma)’ — a highly sought-after delicacy — ahead of and during Durga Puja this year, reports Subhro Niyogi.The interim govt in Bangladesh has turned down a request from Kolkata based Fish Importers’ Association to continue with…
MUMBAI: RBI deputy governor M Rajeshwar Rao has said that infrastructure projects face high risks, complicating their financing. He called for a unified approach to infrastructure development, where projects are viewed as part of a larger, connected system rather than as separate efforts.The governor’s statement comes at a time when RBI has proposed new norms…
MUMBAI: Yes Bank’s proposed sale to a private buyer has hit a hurdle as potential buyers seek a 51% shareholding, which is not allowed under existing rules. The development is likely to push the exit of major Indian banks that hold a majority stake in the private lender beyond the current financial year.Reports have indicated…
MUMBAI: Paytm has adopted a compliance-first approach and is focusing on achieving profitability, founder and CEO Vijay Shekhar Sharma said at the company’s 24th annual general meeting on Thursday. “We have had a lot of learnings in the past six months. Now, we are talking compliance-first business… one that takes care of every regulation fully…
Swiss authorities froze over $310 million across six Swiss bank accounts in connection with an investigation into money laundering and securities forgery allegations linked to the Adani Group, alleged Hindenburg Research citing recently released Swiss federal criminal court records.The US short-seller stated that the investigation, which began in 2021, has provided insights into financial practices…
NEW DELHI: Prime Minister Narendra Modi Thursday said affordable air taxis will soon become a reality in India, bringing ease of travel in cities through advanced air mobility. Speaking at the second Asia Pacific Ministerial conference of civil aviation, he spoke about creating a future in which “everyone’s dream of flying is fulfilled and the…
August 2024 CPI: The Consumer Price Index (CPI) inflation for the month of August 2024 rose marginally to 3.65% versus 3.6% in July, according to the government data. The retail inflation number is well within RBI’s target range of 2-6% and lower than the ideal 4% number. In July 2024, the Index of Industrial Production…
Aadhaar card update online: The Unique Identification Authority of India (UIDAI) has been urging citizens to review and update their Aadhaar card information, especially for those who obtained their cards more than a decade ago and haven’t made any changes since then. However, it is important to note that these updates are not mandatory.Keeping your…
Gold ETFs back in demand! Investors are showing renewed interest in gold Exchange Traded Funds (ETFs) due to the absence of new Sovereign Gold Bond (SGB) offerings from the government and recent tax rate reductions on funds backed by the precious metal.In the past four months, gold ETFs, which are traded on stock exchanges, have…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Thursday. While BSE Sensex moved up 400 points, Nifty50 was above 25,000. At 9:19 AM, BSE Sensex was trading at 81,803.65, up 280 points or 0.34%. Nifty50 was at 25,013.55, up 95 points or 0.38%.Siddhartha Khemka, Head of Research,…
