The government has recapitalised public sector banks (PSBs) by infusing over Rs 3.10 lakh crore in the last five fiscals, a majority of which was through issuance of recapitalisation bonds, Parliament was informed on Monday. “Government has infused Rs 3,10,997 crore to recapitalise banks during the last five financial years i.e., from 2016-17 to 2020-21, […]
Jolts of an earthquake were felt in parts of Jammu and Kashmir and other areas of north India including Noida on Saturday morning. The exact magnitude of the quake is yet to be ascertained. “That was a very strong earthquake. 7.3 on the Richter Scale, 189 KM WSW of Islamabad, Pakistan as per National Center for Seismology,” tweeted Srinagar Mayor, Junaid […]
Facebook’s user growth faltered in the latest quarter, the first stagnation in the social network’s history, part of dire earnings that caused Meta Platforms’s stock to collapse 25 per cent intra day on Thursday, set to wipe over $200 billion from its market value. The company also gave a disappointing sales forecast for the current […]
Shares of most tyre manufacturers were under pressure in the morning trade on February 3 after the Competition Commission of India (CCI) slapped a Rs 1,788-crore fine on these companies for cartelisation. The fair-trade body found that five companies and the Automotive Tyre Manufacturers Association had jointly increased prices of cross-ply variant of tyres sold by each […]
India’s manufacturing sector activities moderated in January as new orders and production expanded at a slower rate as the new wave of COVID-19 restricted growth and affected business confidence that slipped to a 19-month low, a monthly survey said on Tuesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 54.0 […]
Canadian Prime Minister Justin Trudeau and his family have left their home in the country’s capital and shifted to a secret location after a large-scale protest opposing COVID vaccine mandates converged on Parliament Hill, media reports said on Saturday. What started as a protest dubbed as ‘Freedom Convoy’ against a vaccine requirement for cross-border truckers has grown […]
Bharti Airtel on Thursday said its subsidiary Airtel Africa has been inducted into the London Stock Exchange’s (LSE) FTSE 100 index. Airtel Africa listed on LSE in June 2019 and had a market capitalisation of $ 7.5 billion on Wednesday. “This is a significant milestone for Airtel Africa which becomes part of FTSE 100 index in just two and half years of listing. Airtel […]
The weekend curfew in the national capital has been lifted, along with restrictions at markets and malls. Cinema halls and restaurants will be permitted to reopen with 50 per cent capacity, while guests at weddings will be capped at 200. Government offices will function at 50 per cent capacity. Educational institutions will remain closed, and night […]
Asian shares and U.S. futures tumbled on Tuesday after a tumultuous Wall Street session, with investors nervous about the situation in Ukraine and eyeing the U.S. Federal Reserve amid worries about a move to tighter monetary policy globally. NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships […]
A total of 21,914 families who have lost their loved ones to COVID-19 in Delhi have received a one-time ex-gratia of Rs 50,000 from the Delhi Disaster Response Fund (DDRF), officials said on Sunday. This amount is in addition to the financial aid of Rs 50,000 being provided by the city government under the ‘Mukhyamantri […]
