Page 1272 - Latest News

MEA trashes Pakistan's comments on condition of minorities in India

Andrabi referred to what he called "recent condemnable incidents" of vandalism during Christmas, as well as campaigns allegedly targeting Muslims

Number of UCBs declines to 1,457 in FY25 as RBI consolidation continues

India's urban co-operative banks fell to 1,457 at end-March 2025 from 1,926 in 2004, as RBI consolidation continued via mergers, closures and licence cancellations

RBI to consolidate more circulars across departments to cut compliance cost

After consolidating over 9,000 Department of Regulation circulars into 244 master directions, RBI said it will take up similar exercises across other departments to ease compliance

Banks 'resilient' but face stiff fund mobilisation competition: RBI report

RBI said banks remain resilient with low bad loans and strong capital, but credit growth outpacing deposits will keep resource mobilisation competitive, requiring strong governance and risk management

Dense fog grounds 200 flights for second straight day in northern India

IndiGo, India's largest carrier, stated on its website that 113 flights were cancelled on Tuesday due to adverse weather conditions in and around the national capital region

Nabard scraps ₹7,000 crore bond issue as short-end yields stay elevated

Nabard withdrew a planned ₹7,000 crore three-year bond issue after bids stayed elevated, signalling muted transmission of the RBI's recent rate cut and pressure at the short end

Lupin signs exclusive India pact with Gan & Lee for fortnightly GLP-1 drug

Lupin has signed an exclusive licensing, supply and distribution deal with China's Gan & Lee for Bofanglutide, a fortnightly GLP-1 injectable for diabetes and weight management in India

Gaurs Group raises ₹440 crore via NCDs to fund realty, expansion plans

Delhi NCR-based Gaurs Group raised Rs 440 crore via NCDs subscribed by three mutual funds to fund land acquisition, project execution and refinancing, with debentures to list on NSE

SFB asset quality worsens in FY25; GNPA rises to 3.6%: RBI report

RBI's Trends and Progress report said small finance banks saw weaker asset quality and lower profits in FY25, even as balance sheets expanded at a faster pace than other banks

Uttar Pradesh set to unveil ₹65,000 crore infra projects in January

The projects, including the Noida International Airport (NIA) at Jewar in Greater Noida and the Meerut-Prayagraj Ganga Expressway are expected to be inaugurated by Prime Minister Narendra Modi

Lenders onboarded on RBI's ULI platform rise to 64 from 36 last year

RBI said 64 lenders, including 41 banks and 23 NBFCs, are now on the Unified Lending Interface, using more than 136 data services to support credit assessment and decision-making

Nepal's former rapper to run for PM in key vote after Gen Z protests

Rapper turned-Kathmandu mayor Balendra Shah, aka Balen, a popular elected official, joined the RSP or national independent party, led by a former TV host-turned politician Rabi Lamichhane on Sunday

Vipin Kapooria quits as Blinkit CFO over a year after joining firm

Vipin Kapooria has resigned as chief financial officer of Blinkit, a little over a year after joining the quick commerce platform, as competition in the segment intensifies

Bangladesh uprising 'guru' distances himself from NCP over Jamaat alliance

Alam is widely regarded as an NCP "guru", despite his obscure official relations with the party and largely esoteric political views

Microfinance loan performance needs close monitoring, RBI cautions NBFCs

The RBI has flagged rising stress in microfinance loans, urging NBFCs to balance growth with sound practices, even as overall asset quality in the sector improved

States will gain ₹17,000 crore due to VB-G RAM G, says SBI paper

The paper has taken seven criteria and divided them into equity and efficiency. To simulate the hypothetical scenario, it takes seven parameters and assigns weights to balance both equity and efficien

Select debt schemes extend winning run in 2025 on rate-cut tailwinds

Select debt mutual fund categories such as medium duration and floater funds have delivered over 8 per cent returns in the past year, supported by rate cuts and falling yields

India's hospital industry to see 16-18% revenue rise in FY26: ICRA

ICRA expects hospitals' revenue growth of 16-18% in FY26 on healthy occupancy and higher ARPOB, while projecting a stable pharma outlook led by domestic growth

Intel completes $5 bn share sale to Nvidia following Sept agreement

The deal follows an agreement in September under which both companies agreed to collaborate on the co-development of custom chips for data centres and personal computing

Markets slip on FPI selling, year-end listlessness; Sensex down 346 points

Indian equities fell amid year-end listlessness and foreign portfolio investor selling. Sensex declined 0.4% to 84,696, while Nifty fell 0.4% to 25,926