News for 'rba'

Indo-US NISAR Satellite Set for July Launch

NISAR will not be used for surveillance and will be used to observe the earth.

A QSR full course serves up weak demand, margin pressures as sides

Except for Westlife Foodworld (Westlife), a weak 2022-23 (FY23) January-March (fourth quarter, or Q4) quarter performance and a muted near-term outlook led to a downward revision of earnings estimates for quick-service restaurant (QSR) players. Brokerages have slashed estimates by as much as 10 per cent for 2023-24 (FY24) and 2024-25 (FY25). The downward revisions have weighed on the performance of listed players, who have underperformed the market with low single-digit returns over the past month.

Rotomac Global booked in Rs 750 crore bank fraud case

The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas Bank has an exposure of 23 per cent. The agency has booked the company and its Directors - Sadhna Kothari and Rahul Kothari - under IPC sections related to criminal conspiracy (120-B) and cheating (420), besides various provisions of the Prevention of Corruption Act.

IBF Prez KO'd: 'Matoria not part of Rajasthan Boxing Association'

A year after he took over as the Indian Boxing Federation's President, which was followed by its international suspension, Abhishek Matoria's election for the top post has been challenged by the very body he claimed to represent in the controversial polls.

Trust between India and China evaporated after Galwan: Top military commander

"There have been no intrusions or major face-offs in the area of responsibility of Eastern Command since the friction erupted in Ladakh," he said.

Bhutan army netting rebels on run

Ghulam Nabi Azad visits Samba, says border residents should be shifted

Union Health Minister Ghulam Nabi Azad Thursday advocated shifting border residents of Samba district to safer places in view of travails they had to face during the recent heavy cross-border firing and shelling.He was on an extensive visit to border areas of Samba district to assess the situation arisen due to recent firing from Pakistan.

Asian shares slip amid worst slump in China's manufacturing sector

Chinese shares opened lower, with the Shanghai Composite Index down 1.8% and the CSI300 index down 2.2%.