'About $8.5 billion in free cash, about $3 billion as annual debt refinancing, and $3 billion-4 billion in fresh borrowing. An additional $1.6 billion-1.8 billion will come from development profits in 2025-26.'
ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases.
Amid an uptick in Covid cases in some parts of the country, Director General of the Indian Council of Medical Research (ICMR) Dr Rajiv Behl said the severity of infections as of now is generally mild and there was no cause for worry. Speaking about new Covid variants being traced, he said genome sequencing of samples in the west and south have shown that the new variants are not severe and are Omicron sub-variants. These are LF.7, XFG, JN.1 and NB. 1.8.1. The first three are more prevalent, Dr Behl said. "Samples from other places are being sequenced and we will know in a day or two if there are more variants." The ICMR DG said there has been an uptick in cases --first from the south, then west and now from northern India. All these cases are being monitored through the Integrated Disease Surveillance Programme (IDSP). Besides that, ICMR's nationwide respiratory virus sentinel surveillance network is keeping a watch on emerging infections and pathogens, he said. "Whenever cases increase, we look at three things. It's dependent on three factors with the first being how transmissible it is, conversely how fast the cases are increasing. Previously we saw Covid cases double in two days, but this time it is not that cases are increasing rapidly. "Secondly, are the new variants evading our previous immunity? When new variants come, they evade immunity -- be it natural or from the vaccine. But there's nothing to worry about at the moment," Dr Behl said. He also said that the third factor is the percentage of severe cases in all Covid instances. "Are we getting a very severe disease without comorbidities? As of now, the severity is generally low. There's nothing to worry about. We should be vigilant and we should always be prepared," the ICMR DG asserted. Dr Behl also informed reporters that the Union Health secretary chaired a meeting on Sunday that was also attended by the director general of health services and himself. "We have been closely monitoring the situation. We should be vigilant at this moment, but there is no cause to worry. The general public should be vigilant. There is no need to take any such action as of now," he said. The officer added that the WHO database has been showing that the new variants were not causing severe disease. "People do not need to take any immediate action. They should follow normal precautions. So, there is nothing special to do right now." Asked about the need for a booster dose, he said there is no need for vaccination as of now. "India has the capability to make vaccines and if need be, we can make any vaccine in no time."
President of Public Health Foundation of India, Professor K Srinath Reddy said it should be recognised that community transmission has occurred in virtually every country which experienced this pandemic in a major form and India should also be prepared for it and act as though it is happening and take all precautionary containment measures.
Since February 2025, the RBI has reduced the policy rate by 100 basis points. In its previous policy review in April, it had also trimmed the repo rate by 25 basis points to 6 per cent.
A bench of Justices Surya Kant and N Kotiswar Singh was acting on a batch of pleas against the blanket ban on blood donations by such persons from the LGBTQIA+ community.
Billionaire Gautam Adani's group on Saturday clarified on reports of Kenya cancelling more than $2.5 billion in deals after US indictment on bribery charges, saying it had not entered into any binding agreement to operate Kenya's main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi's disclosure regulations, thereby not warranting any disclosure on its cancellation.
More than one million cybersecurity incidents were flagged within 10 days.
The census will be carried out with a reference date of October 1, 2026 in snow-bound areas like Ladakh and March 1, 2027 in the rest of the country, the notification said.
'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.'
The protesters torched tyres and old furniture in the middle of the road in Kwakeithel and Uripok, demanding the release of the leader. The situation remained tense on Sunday morning.
Mahila court judge M Rajalakshmi, who convicted Gnanasekaran on May 28, awarded sentences in respect of each 11 charges proved by the prosecution against him. The sentences run concurrently, the judge added.
One of the six accused befriended the 20-year-old woman over Instagram months after she started attending a college in Palanpur in 2023.
Despite sharp interest rate cuts expected in this financial year amid easy liquidity conditions, state-run banks are treading cautiously on their loan growth projections for FY26. Most large banks are projecting loan growth at 11-13 per cent, almost similar to the previous financial year.
The process of identification of victims by matching the DNA samples is currently underway, and the bodies will be handed over to their relatives once the process is complete.
The ministry of civil aviation clarified that, contrary to circulating reports, a video recorder that had been recovered at the crash site was not the DFDR.
Covid is growing milder with time but an occasional surge in cases is expected because the virus that causes it is now endemic and constantly evolving, say scientists while assuring that there is no cause for concern.
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.
GAIL India's second quarter (Q2FY25) performance met expectations.
Spain and Portugal suffered a major power outage on Monday, affecting millions and disrupting airports, metros, and telecom companies.
India's COVID-19 cases and deaths per million population are amongst the lowest in the world, the govt says.
Human Metapneumovirus (HMPV) is a respiratory virus that causes illnesses ranging from mild respiratory discomfort to severe complications. It spreads through respiratory droplets, similar to other respiratory viruses such as RSV and influenza. This article provides an overview of HMPV including its symptoms, transmission, prevention, diagnosis, treatment, and how it differs from COVID-19.
In a significant change to regulations, oil and gas regulator PNGRB has proposed a new policy of how tariffs for pipelines carrying gas to users will be determined, and proposed charging city gas entities selling CNG and piped cooking gas to households at the lowest rates.
Vertical transmission takes place when the baby is in the uterus. If the mother is infected, the transmission of the virus takes place through the placenta -- an organ that develops in the uterus during pregnancy and provides oxygen and nutrients to your growing baby.
Addressing the daily press briefing on the actions taken, preparedness and updates on COVID-19, Joint Secretary in the Ministry of Health Lav Agarwal said 92 new cases and four deaths due to coronavirus have been reported in India since Sunday, taking total cases to 1,071 and the number of deaths to 29.
The Mumbai Regional Transport Office (RTO) officials have said they suspect 'human error' and 'lack of proper training' led to the horrific accident in Kurla where a Brihanmumbai Electric Supply and Transport (BEST) bus fatally knocked down seven persons and injured 42 others.
'The universe of PSU stocks is huge and diverse.' 'Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.'
'China has thus far been cautious, emphasising its focus on development rather than weaponising water resources.'
Indian auto component exporters may suffer a hit of 2,700 crore to 4,500 crore on their earnings after the imposition of steep US tariffs on key automotive parts, credit rating agency ICRA said in a note on Monday. The new 25 per cent tariff on engines, transmission, electrical components, and other auto parts may moderate the overall auto component industry's revenue growth to 6-8 per cent in 2025-26 (FY26), down from an earlier projection of 8-10 per cent.
"It is unrealistic to expect that COVID-19 pandemic can be eliminated at this stage given that community transmission is already well-established across large sections or sub-populations in the country," the report said.
'People are just putting the mask below their nose.' 'They are only protecting the mouth, but not the nose.' 'People need to understand that it is the nose which has to be protected.'
Power Grid Corporation of India's (PWGR's) Q3FY25 revenue declined 3 per cent year-on-year (Y-o-Y) to Rs 11,200 crore, with operating profit falling 7 per cent Y-o-Y to Rs 9,500 crore and margin contracting to 85 per cent from 91 per cent Y-o-Y. Other income surged 89 per cent Y-o-Y to Rs 500 crore, but regulatory income dropped 62 per cent Y-o-Y to Rs 42.5 crore.
Since Sanjay Malhotra took office as governor in December, the Reserve Bank of India (RBI) has adopted a more accommodative stance, which bodes well for banking and the economy as they navigate a growth slowdown, according to analysts.
After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers.
In an age where personal data is a valuable commodity, investing in cyber insurance is not just a prudent choice; it is becoming a necessity for individuals and families alike, says T A Ramalingam.
"Lockdown and containment (measures) have been successful in keeping it low and preventing rapid spread," ICMR Director General Balram Bhargava said, citing the sero-survey on COVID-19 spread.
'Now we have one of the best asset qualities in the industry.'
If I were to explain stealth to a layperson, I'd ask them to think of the game chupan-chupai (hide and seek) we played as children, explains Air Commodore Nitin Sathe (retd).
77 per cent of all transactions in the January-March 2025 period took place digitally, indicating continued preference for online car purchases.
'Assuming he has a sensitive bug, which is responsive to antibiotics, it may not necessarily be the worst-case scenario.'
