(@IsraelMFA/X) ‘Despite being severely injured, he managed to unlock the cockpit door – allowing Israeli passengers and the Emirati crew to intervene and save all the passengers’ said Israel’s foreign ministry NEW DELHI: A Mumbaikar who completed his pilot training in Gurgaon, Captain Smit Machchhar, has emerged as the hero who helped save the lives…
Some children turn almost anything into a song. Getting dressed becomes a little tune. A trip to the supermarket gets its own lyrics. They sing about what they are eating, what they are doing, who is coming home and even what happened five minutes ago. The songs may make little sense to an adult. The…
Data sets show that pressure has been building up on consumers since the start of the year as the war disrupted energy supplies, pushing up prices of fuel and LPG cylinders. MUMBAI: Indians are counting every penny they are spending—blame it on price hikes and inflation. Consumers are becoming value-conscious, trimming budgets for non-essential spends…
Brent crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies Oil prices edged higher on Friday as fresh restrictions on Chinese fuel exports and reports of increased US military deployments to the Middle East kept supply concerns in focus.Brent crude stood at $102.60, higher by 28 cents or 0.27% while WTI crude…
On NSE, Nifty too showed a similar trajectory and closed 199 points (0.9%) down at 22,422 points. For both leading indices, it was the first time in 25 years that they recorded lower weekly closes for eight consecutive weeks. MUMBAI: Rising bond yields in almost all major markets around the world, along with spiking crude…
The Directorate General of Trade Remedies found that low-priced imports hurt domestic manufacturers, limiting their ability to raise prices despite higher costs. NEW DELHI: Mobile covers imported from China could become costlier as India’s trade remedies authority recommended a five-year anti-dumping duty of $72 per 1,000 pieces. The Directorate General of Trade Remedies found that…
Under the earlier regime, acquiring a “major shareholding”—defined as 5% or more of a bank’s paid-up share capital, demanded prior clearance from RBI. MUMBAI: RBI has eased rules for large DIIS acquiring shares in banks, allowing eligible mutual funds, pension funds and insurance firms to obtain one-time approval to raise their aggregate holding to 10%…
Setty sees UPI with the potential to become a point-of-sale credit platform, with credit made available when customers transact through UPI and vows to work with NPCI and other lenders to ensure that MDR is not passed on to consumers. SBI chairman CS Setty sees UPI as an opportunity to provide credit lines through Kisan…
The ministry also flagged worries around short-term pressure on Indian assets and the rupee, along with capital flowing towards geographies due to AI. NEW DELHI: The finance ministry Thursday said the growth momentum extended into the second quarter, although at a more measured pace, and the economy may expand 7.3% during July-Sept.While flagging multiple parameters…
Bagchi has spent most of his career inside the ICICI group. A chemical engineer from IIT Kanpur, he joined ICICI after an MBA in finance from IIM Bangalore. MUMBAI: For a bank that has long been a training ground for financial-sector talent, there is a certain symmetry in Anup Bagchi becoming the first outsider to…
