Centre sets up Suresh N Patel-led panel to recommend comprehensive banking reforms within six months NEW DELHI: Govt Friday set up a high-level committee under former central vigilance commissioner Suresh N. Patel to undertake comprehensive banking reforms, delivering on an announcement made by finance minister Nirmala Sitharaman in Union budget 2026-27.The five-member panel, which includes…
Trai proposes AI rules for telecom firms, including board-approved policies, safety committees and mandatory reporting of serious AI-related incidents NEW DELHI: Trai on Friday proposed a comprehensive draft framework for the responsible use of artificial intelligence in telecom networks that would require service providers to adopt board-approved AI policies, establish dedicated governance and safety committees,…
LNG imports hit a record 2.7 million tonnes in October, rising 17.4% on higher demand and a rebound in supplies from Qatar. NEW DELHI: India’s LNG imports rose 17.4% to a record 2.7 million tonnes so far in Oct on the back of higher demand from the power, fertiliser and city gas distribution sectors. Besides,…
Nasdaq bleeds: Faces $2 trillion wipeout in October More than $2 trillion in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, as Big Tech earnings intensified investor scrutiny of whether the billions being poured into artificial intelligence can generate returns quickly enough.The wipeout would amount to slightly more than SpaceX’s…
Banks add Rs 16.1 lakh crore in non-food credit in H1 FY27, with NBFCs, industry and personal loans driving growth; lending to NBFCs rises by Rs 1.8 lakh crore MUMBAI: Banks lent more to NBFCs than to home buyers in the first half of FY27, with advances to non-bank lenders rising by Rs 1.8 lakh…
Sebi extends FPI KYC review timelines from one to two years and three to eight years to ease compliance, while retaining the 10-year cycle for Swagat-FIs MUMBAI: To simplify the compliance process for foreign portfolio investors (FPIs) registered in India, markets regulator Sebi on Friday extended the periodicity of Know Your Client (KYC) review from…
MCA says its role in appointing NCLT members is only administrative, a day after the Supreme Court accused the ministry of “completely hijacking” the tribunals NEW DELHI: A day after Supreme Court’s observation on the role of ministry of corporate affairs in the appointment and infrastructure in the National Company Law Tribunal and the appellate…
AU Small Finance Bank probes alleged data leak involving a Salesforce-hosted platform holding limited vehicle loan customer information, while saying its core systems remain unaffected MUMBAI: AU Small Finance Bank is investigating a potential data leak involving a Salesforce-hosted software platform that holds limited information relating to its vehicle loan customers, after a cyber threat…
NHAI caps toll plazas on future national highway projects at eight lanes, with MLFF tolling aimed at reducing land acquisition and public spending New Delhi: All future national highway projects, including those where construction is yet to begin, will have toll plazas with not more than eight lanes, as NHAI has made Multi-Lane Free Flow…
Why Sanrio landed in hot water in China Hello Kitty maker Sanrio has come under fire in China over its collaboration with Japanese TV drama VIVANT.The partnership involved a range of soft toys, including Hello Kitty and other characters dressed as spies from the show. However, its storyline, which depicts a fictional Chinese intelligence agency…
Tata Motors announced Iveco deal in 2025. NEW DELHI: Tata Motors on Friday acquired an 89.42% stake in Italian commercial vehicle maker Iveco Group for around 3.43 billion euros after the initial settlement of its cash tender offer, taking control of the European company as the acquisition process continues.The deal makes Iveco an indirect subsidiary…
Gold, silver prices retreat to one-year low NEW DELHI: Precious metals are having a rough run, with the latest sell-off taking gold to a one-year low and pushing silver below the $50-an-ounce mark for the first time since almost a year.Rising energy prices and stubborn inflation concerns are weighing on investor sentiment, with expectations growing…
