Andhra Pradesh Health Minister Satya Kumar Yadav announced the detection of the Omicron RF.5 variant in four COVID-19 samples from Kadapa district, confirmed by genome sequencing in Pune. While the variant is being monitored by WHO and health officials, there is currently no indication it is more dangerous than other Omicron strains, and public vigilance is advised over panic.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Nearly two-thirds of external commercial borrowings (ECBs) raised so far in the ongoing financial year (2025-26/FY26) have been routed through Gujarat International Finance Tec-City (GIFT City), a sharp jump from the 36 per cent recorded in 2024-25.
Slain Bangladeshi student leader Sharif Osman Hadi's party rejects the police chargesheet in his murder case, accusing the state machinery of involvement. The party warns of potential retaliation if justice is not served, alleging a broader conspiracy beyond the individuals charged.
Bangladesh police have formally charged 17 people in connection with the murder of student leader Sharif Osman Hadi, alleging it was an act of political vengeance orchestrated by the Awami League.
Was this Chennai? Or Singapore? There's an area in Singapore that looked like a suburb of Chennai.
Two primary suspects in the murder of Inquilab Moncho leader Sharif Osman Hadi have fled Bangladesh and are believed to be in India, according to Dhaka Metropolitan Police. The suspects allegedly crossed into Meghalaya with assistance. Bangladesh is working with Indian authorities for their arrest and extradition.
The Union Cabinet's decision to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent is unlikely to significantly boost foreign investment as distribution remains a critical factor, requiring overseas players to partner with Indian businesses, experts said.
Datasoft Application Software India Ltd decided to curtail the operations of its software division, wind up the Dubai and Singapore branches.
'Foreign capital will continue to come directly into India, but companies have realised that GIFT City is a more cost-efficient way of channelling funds.'
Industrial Development Bank of India is looking to expand its presence overseas, including through opening branches in Singapore and Bahrain, a top bank official said.
Bank of Baroda plans to set up an offshore branch in Singapore, open another branch in Houston (Texas) in the US and a representative office in Thailand as part of plans to expand business overseas.
The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020.
As the smoke from the flames flared up, slogans like 'Zubeen, Zubeen' and 'Jai Zubeenda' reverberated in the air, and people were heard singing his song Mayabini Ratir Buku.
ICICI Bank Ltd on Wednesday opened its first overseas offshore branch in Singapore.
The process of merging Haldiram's Nagpur and Delhi branches to form Haldiram Snacks Food Private Ltd has been completed, informed its CEO Krishan Kumar Chutani on the social media platform LinkedIn. "A new chapter begins in the Haldiram story, and it's a significant one," Chutani posted on LinkedIn on Monday.
Adani Ports and Special Economic Zone will prepay $195 million of debt due in 2024 as the conglomerate helmed by Gautam Adani looks to boost investors' confidence post being targeted by a US short-seller. In a stock exchange filing, APSEZ said it will buy back $195 million of bonds due in 2024 using its cash reserves. Out of the $520 million principal outstanding, $325 million will be left after the buyback, it said.
Jorhat has many attraction to offer for the discerning and offbeat traveller.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.
This is likely to trigger a fresh round of tussle between the L-G office and the Arvind Kejriwal dispensation. There was no immediate reaction from the L-G office on the matter.
Billionaire Gautam Adani's group on Tuesday said it will prepay $130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four as it looked to regain investor confidence by showing that its liquidity position is comfortable. In a stock exchange filing, APSEZ said an aggregae principal amount of $412.7 million was validly tendered.
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
Located in the banking hub of Singapore's central business district, the branch office is the start of ICICI's retail operations in the country under a 25-branch qualified Full Banking licence given by the Monetary Authority of Singapore in April, Kochhar said.
It is also going for 9.5 per cent stake sale.
Move comes after the country's monetary authority tightened credit norms
Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani's conglomerate was targeted by a US short-seller in January. APSEZ floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable. Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation.
The largest private sector lender is also looking to open a full-fledged branch in China, where it already has a representative office, managing director and CEO, Chanda Kochhar said during the bank's 19th annual general meeting in Vadodara.
Under the CECA, signed between India and Singapore in June 2005, Singapore has committed to award three qualified full bank (QFB) licences to three Indian banks while India had agreed to give three Singaporean banks free access to the Indian banking
The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
The government has not given permission to open a branch of Indian Institute of Technology at Singapore, the Lok Sabha was informed on Tuesday.
'We want to prove to the world that they will get the best code written from a small place like Wayanad.'
Put plans on hold after HK caps expansion, Singapore orders stricter asset norms.
