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Trump tells farmers: ‘I Love you’, but still cutting your subsidies

The Trump administration responded with a plan to authorise as much as $12 billion in aid




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Mueller Report: Pelosi under pressure as progressive demand impeachment of Donald Trump

Mueller report identified at least 10 instances of potential obstruction of justice by Donald Trump.




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RBI caps banks’ investment using TLTRO funds in a single entity at 10%

According to dealers, firms like Reliance Industries (RIL), NABARD, and Tata Steel are likely to hit the bond market on Thursday with an intention to raise a cumulative Rs 15,000 crore.




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DCB Bank sees significant jump in foreign remittance services on coronavirus pandemic

"Since March 15, our volumes on outward remittance services have increased many fold. There is a significant difference in before-and-after demand since mid of March," said Praveen Kutty, Head of Retail and SME Banking, DCB Bank without quantifying the increase in demand.




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Banking system provides services seamlessly during COVID-19 crisis

Earlier, the Business Correspondent Federation of India (BCFI) had said that while the BCs were offering services of cash withdrawal, very few are depositing money in the wake of the current lockdown.




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Microfinance industry hopes IBA meet to lead to ‘in-principle decision’ on loan moratorium to MFIs

Notably, following RBI's announcement on allowing a moratorium on term loans for March 1 to May 31, most of the MFIs have extended a moratorium to their borrowers till May 31.




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Moratorium: 10 per cent provisioning may shave Rs 35,000 crore off bank profits

The new provisioning requirement has to be made for the March and June 2020 quarters and this will impact their profitability in 2019-20 and 2020-21.




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Kotak Mahindra Bank board to consider fundraising proposal this week

In a recent report, global ratings agency Standard & Poor's had said Kotak Mahnidra Bank can weather the challenges that will be posed by the infections and affirmed its rating on the lender.




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ICICI Bank launches voice banking services on Amazon Alexa, Google Assistant

This novel facility offers customers yet another way to connect with their bank from home at a time when they are advised to stay indoors in the wake of the nationwide lockdown, ICICI Bank said in a release.




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Good news for homebuyers! HDFC cuts lending rate by 15 basis points

The RBI last month cut the policy rate by 75 basis points to spur growth amid the COVID-19 crisis.




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ICICI Bank confirms $100-m exposure to troubled Singapore oil firm Hin Leong Trading

The regulatory norms with respect to provisioning and asset recognition are uniform for Indian banks’ domestic and foreign exposures.




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We’re in conserve, consolidate mode; crisis a great time to go digital: Mahabaleshwara MS, CEO, Karnataka Bank

Loan waiver schemes for agricultural loans introduced by some of the state governments may also help reduce stress to some extent.




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Sidbi seeks bank, NBFC applications for availing RBI’s special liquidity facility

The tenor of Sidbi’s lending to financial institutions will be 90 days. MSMEs have been cash-starved for a few years and the lockdown to control the spread of Covid-19 is a body blow to their revenues.




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Bank advances grow 7.2%, deposits rise 9.45% in fortnight ended April 10

In the fiscal ended March 31, 2020, bank loans had decelerated to 6.14 per cent, a near five-decade low, due to slower economic growth, lower demand and as banks remained risk averse.




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Covid-19 impact: Asset quality could come under stress, says IndusInd Bank CEO

The lender’s gross NPAs stood at 2.45% of gross advances as on March 31, 2020, up from 2.18% on December 31, 2019, while the net NPA ratio stood at 0.91% of net advances as on March 31, 2020, down from 1.05% on December 31, 2019.




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Over Rs 68,600 cr loans of wilful defaulters, including Mehul Choksi, Vijay Mallya firms, written off: RBI in RTI reply

In the last Parliament session, Rahul Gandhi had asked the government to provide a list of top 50 bank loans defaulters in the country, leading to sharp exchanges and uproar in the Lok Sabha.




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Axis Bank sets aside Rs 3,000 crore for COVID-19 impact

The bank’s advances grew 15% y-o-y to Rs 5,71,424 crore as on March 31, with retail loans up 24% y-o-y to Rs 3.05 lakh crore, accounting for 53% of the net advances.




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RBI makes it easier for banks to support mutual funds

On Thursday, the RBI said banks would be eligible for regulatory benefits irrespective of whether they supported MFs with resources from the special window or otherwise.




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NBFCs tapping NCD market to raise funds amid Covid crisis

The three year NCD issue of Indiabulls Housing Finance opened on April 29. Although, the base issue size was Rs 100 crore, but it had a greeshoe option of Rs 900 crore.




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RBI cancels CKP Co-operative Bank’s licence; ‘depositors entitled to repayment of 5 lakh only’

The RBI, in a press release, said 'financial position of the bank is highly adverse and unsustainable'.




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Over 99% depositors of CKP Bank will get full payment: RBI

As per the bank's website, it had deposits of Rs 485.56 crore, loans of Rs 161.17 crore and a negative networth of Rs 239.18 crore.




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Delhi HC allows HDFC Bank to deduct Indiabulls’ loan installment from fixed deposit

Delhi high court, in an interim order on May 1, has allowed HDFC Bank to deduct a Rs 90-crore loan installment from Indiabulls' fixed deposit which it holds as security.




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Yes Bank’s deposit woes continue as CASA slides 63% y-o-y

Analysts say that some of these accounts availing moratorium could very well have turned defaulters in the ordinary course of business, but the moratorium delays recognition by a few months.




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SBI cuts MCLR by 15 bps, 3-year term deposit rate by 20 bps

Earlier on April 7, the public sector bank announced a reduction in MCLR by 35 bps. and reduced savings deposit rate by 25 bps, citing adequate liquidity in the system.




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RBL Bank net profit falls 54% as provisions rise

The bank has provided moratorium to around a third of its customers, RBL Bank MD & CEO Vishwavir Ahuja said in a conference call after results.




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SBI Card Q4 net plunges 66% to Rs 84 crore on COVID-19 provisions, rise in expenses

On the COVID-19 pandemic, SBI Card said globally, countries and businesses are under lockdown and there is a high level of uncertainty about the duration of the lockdown and the time required for things to get normal. 




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Indian Maharaja Wins Third Successive Award for Best Asian Luxury Train

Indian luxury train, the Indian Maharaja, has bagged the award for the Best Asian Luxury Train for the third year in a row. The train was felicitated at World Travel Awards 2012, quoted by Wall Street Journal as “the travel industry’s equivalent to the Oscars”. The awards are...



  • Wed
  • 31 Oct 2012 00:00:00

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Trade and commerce in Sindhu-Saraswati civilisation: Know about the Srenis or guilds of ancient India

Since our FM mentioned the Sindhu-Saraswati civilisation or the Harappan culture, it is prudent that we start our journey from there.




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Coronavirus silverlining! NASA images show drop in China’s air pollution after lockdown

In a preliminary analysis, NASA researchers compared NO2 values detected by OMI in 2020 with the average amounts detected at this time of year from 2005-2019.




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National Chambal sanctuary, home of gharials and Gangetic dolphins, declared eco-sensitive zone

Gangetic dolphins, gharial and freshwater turtles are among the major species found in the region. More than 75 per cent of the critically endangered Gharial population is based in the sanctuary.




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Gaganyaan: DRDO to provide special space food and emergency survival kit for ISRO’s manned mission

ISRO is already working on a Humanoid prototype (with a female form)for the Gaganyaan missions, which is expected to be sent out on a mission next year to test it out before actually sending humans in space.




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ISRO’s Chandrayaan-3 launch schedule revealed, Gaganyaan mission on track

The Union Minister also said that the upgraded configuration in Chandrayaan-3 will make the spacecraft more robust in terms of design and it will also have an enhanced spacecraft capacity without compromising with the heritage of Chandrayaan-2.




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NASA records highest resolution pictures of Mars! Check out 360-degree panorama captured by Curiosity rover

Curiosity's project scientist at NASA's Jet Propulsion Laboratory Ashwin Vasavada said that it is the first time that NASA has dedicated its operations to capture a 360-degree panorama.




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Global warming: De-carbonising global economy to avert climate change

The advantage of Economic Decarbonisation is that it intertwines with the modernization of all industries. Excessive dependence on fossil fuels does more damage than good, it may guarantee temporary energy security but the side-effects are way too disastrous to continue using this as ‘energy- steroids’.




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Coronavirus hits moon mission: NASA suspends work on Moon rocket

The space agency is shutting down its Michoud Assembly Facility in New Orleans, where the Space Launch System rocket is being built, and the nearby Stennis Space Center, administrator Jim Bridenstine said late Thursday.




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Delhi weather: National capital sees dip in pollution, minimum temperature settles at 16.4 degrees Celsius

According to the Central Pollution Control Board (CPCB) data, the city's overall air quality index at 9 am stood at 112, which falls in the 'moderate' category.




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Delhi targets 66% reduction in air pollution in 5 years; sets aside Rs 30 cr for smog towers

"Green Citizen Awards" will also be instituted to encourage citizens to contribute to environment protection and preservation work, Deputy Chief Minister Manish Sisodia said while presenting the budget in Delhi Assembly.




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Russia earthquake: 7.5 magnitude quake in north Pacific prompts tsunami watch for Hawaii

The Pacific Tsunami Warning Center said hazardous tsunami waves were possible within 1,000 kilometers (600 miles) of the quake's epicenter.




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Coronavirus outbreak: MIT team working on an open-source, low-cost design of ventilators

COVID-19: The team, which consists of only volunteers, has been working without any funding and is working anonymously so that people do not call them with inquiries about the project.




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Space jam! Over 12,000 aspiring astronauts apply for NASA’s Moon, Mars mission! Check details

A total of 12,000 applicants applied to become astronauts at the National Aeronautics and Space Administration (NASA).




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Pink Super Moon: 7 things you need to know before witnessing it today

Witness the Pink Super Moon from your balconies today! One of the celestial events, which is an occurrence of a Super Moon, is set to take place today and can be witnessed by many from their balconies only.




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Experts say coronavirus lockdown may reduce greenhouse gas emissions, but it’s only temporary

Weeks of lockdown in the country to fight coronavirus may have reduced greenhouse gas emissions enabling people to breathe cleaner air and feast on blue skies, but it is only a temporary phase and will not benefit the environment in the long run.




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Blue skies, reduced emissions only temporary, won’t benefit environment in long run, say experts

Weeks of lockdown in the country to fight coronavirus may have reduced greenhouse gas emissions enabling people to breathe cleaner air and feast on blue skies, but it is only a temporary phase and will not benefit the environment in the long run.




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Expedition 63: NASA astronaut Cassidy, two Russian cosmonauts land on International Space Station

NASA astronaut Chris Cassidy along with two Russian cosmonauts Anatoly Ivanishin and Ivan Vagner reached the International Space Station (ISS) for a six-month-long mission named Expedition 63.




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NASA celebrates 50th anniversary of Apollo 13, a mission known as “a successful failure”

Termed "a successful failure", the spacecraft which had three astronauts- James Lovell Jr, Fred Haise Jr, and John Swigert Jr- on board managed to return to the Earth despite facing an explosion like situation after a blast in its oxygen tank.




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Scientists discover new ‘Super Earth’ in six-planet system

"The discovery of this exceptional system has been made possible thanks to the acquisition of a great number of measurements, as well as a dramatic improvement of the instrument and of our signal processing techniques," said Francois Bouchy, a professor at the University of Geneva (UNIGE) in Switzerland.




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China names its Mars mission Tianwen-1 ahead of its planned launch this year

China National Space Administration (CNSA) named the Mars mission as "Tianwen," which means Heavenly Questions or Questions to Heaven, a poem written by China's well known poet Qu Yuan (340-278 BC).




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Gaganyaan: ISRO to develop technologies for India’s first manned mission to space

The proposals have been sought by the Directorate of Human Space Programme of the Bangalore-headquartered ISRO for a total of 18 tentative technology development areas.




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Black hole dancing! Scientists study interaction between massive and small black holes

It refers to the difficulty of the direction that takes the small hole around its partner-a difficulty that the research team has now integrated into a highly sophisticated model.




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Everest-sized Asteroid to pass by Earth! Check time of intersection, concerns and all other details

NASA's Near-Earth Object Studies Center has classified the asteroid 1998 OR2 as the 'potentially hazardous object' as it flies at regular intervals past Surface's earth. In particular, about 125 other objects were found to be potentially hazardous.