MUMBAI: Banks’ bad loans, which are at a multi-decadal low, are expected to rise marginally to 1.9% by March 2028 under a baseline scenario from 1.8% in March 2026, even as capital ratios are projected to moderate over the same period according to RBI’s bi-annual Financial Stability Report. According to the macro stress test results…
The most emotional moment of 2026 came with the passing of legendary singer Asha Bhosle on April 12, bringing the curtain down on one of the greatest musical careers in Indian history. Tributes poured in from across the globe as musicians, actors, filmmakers and millions of fans celebrated a remarkable legacy that spanned more than…
MUMBAI: Kotak Mahindra Bank has agreed to acquire Deutsche Bank’s India retail, private banking and wealth business for Rs 282 crore, as a going concern on a slump sale basis . The deal will strengthen the bank’s affluent and SME franchise through an inorganic push, the bank said. The acquired portfolio comprises Rs 29,000 crore…
MUMBAI: Oyo parent Prism has filed updated draft IPO papers with markets regulator Sebi, seeking to raise up to Rs 6,650 crore (around $703 million) and moved a step closer to getting listed on the bourses. The IPO has been structured as a primary share sale which means that the company will retain all the…
NEW DELHI: It was a year that was marked by the biggest reset since GST was launched nine years ago and marks a complete change in thinking within the policy dispensation, which had earlier focused on revenue neutral rates. Instead, six months after an overhaul of rates on nearly 400 items has shown that higher…
Seeking mobile numbers for policy information ‘dark pattern’: Irdai chief Ajay Seth (Image/ANI) MUMBAI: Irdai has flagged insurers seeking personal information to provide quotes or policy details as a ‘dark pattern’ and has commissioned a study by a public policy institute to define and track such practices over nine months. Speaking at an event organised…
Don’t broadcast Sheikh Hasina speeches: Bangladesh warns its media outlets DHAKA: Tarique Rahman-led BNP govt on Tuesday warned of action against Bangladeshi media outlets if they broadcast Awami League chief Sheikh Hasina’s statements. The caution from prime ministerial adviser for information and broadcast Zahed Ur Rahman came in the backdrop of a section of Bangladeshi…
Blake Lively is seeking USD 8 million in legal costs from actor and director Justin Baldoni after resolving their dispute over the acrimonious production of their 2024 film ‘It Ends With Us’.Lively’s lawyers disclosed the amount, covering nearly USD 7.5 million in attorney’s fees from two law firms that represented her and about USD 500,000…
Iran says no further talks unless US honours MoU Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf on Tuesday warned that Tehran is prepared for war if the United States does not comply with the memorandum of understanding (MoU). He further insisted that negotiations on a final agreement will not move forward until Washington…
Taylor Swift and Travis Kelce‘s royal wedding is just around the corner, and decorators have been pulling out all stops to get the Madison Square Garden venue ready for the grand celebrations.The star couple, who have fans and the media on wedding watch, are reportedly gearing up to wed at the iconic venue that is…