The Securities and Exchange Board of India (SEBI) has proposed commodity exchanges and clearing corporations to maintain twice the installed capacity of the projected peak load for critical IT systems, half of the current four time load. As per existing guidelines dated 2016, commodity exchanges are required to maintain a trading system capacity of at … Read more
Write-offs continue to remain a key contributing factor to NPA (non-performing asset) reduction in the unsecured retail portfolio, especially among PVBs. | Photo Credit: REUTERS Notwithstanding the solid performance of banks during the last three years, they could face some pressure in the near term on the net interest margin (NIM) and credit growth fronts, … Read more
The National Stock Exchange of India (NSE) continues to tower over the country’s capital markets, commanding monopoly status across key trading segments, a report by PL Capital highlighted. NSE has the highest market share in domestic market, with a robust 94 per cent share in cash equities and near-total dominance (99.9 per cent) in equity … Read more
Mars Growth Capital’s total investment in Infra.Market now reaches $150 million. Indian building materials platform Infra.Market has secured $150 million in financing from Mars Growth Capital, a joint venture between Liquidity and MUFG Bank. The deal extends an existing $100 million facility by five years and adds another $50 million to the arrangement. The financing … Read more
Nirmala Sitharaman, Minister of Finance | Photo Credit: Dinesh Krishnan Despite ongoing global geopolitical challenges, India’s economy is expected to maintain its position as the fastest-growing in the world, with potential for even stronger performance, Finance Minister Nirmala Sitharaman has said. In an interview to businessline, the FM said the Centre is likely to convey … Read more
Srikrishnan Hari Hara Sarma | Photo Credit: SPECIAL ARRANGEMENT The Board of Directors of Karnataka Bank has accepted the resignation of the bank’s Managing Director & CEO, Srikrishnan Hari Hara Sarma, on Sunday. A press release posted on the stock exchanges said the resignation will be effective from July 15, 2025. Sarma has cited personal … Read more
BEACHING WOES: Shipbreaking on tidal mudflats is hazardous to workers and the coastal ecosystem | Photo Credit: Salvador Campillo Alba June 26 marked an important day for the global ship recycling industry, as the Hong Kong International Convention for the safe and environmentally sound recycling of ships (HKC) came into force. Adopted nearly 16 years … Read more
High and rising public debt levels are increasing the financial system’s vulnerability to interest rates and reducing governments’ ability to spend their way out of crises, report said | Photo Credit: CarlosAndreSantos Trade tensions and fractious geopolitics risk exposing deep fault lines in the global financial system, central bank umbrella body The Bank for International … Read more
Devotees throng around a temple ditties chariot as they are participate in the Shree Jagannath temple chariot festival “ Rathyatra” on the second day at Puri in Odisha | Photo Credit: BISWARANJAN ROUT At least three persons were killed and around 50 others injured in a stampede that took place near Shree Gundicha Temple in … Read more
India to host 2029 World Police and Fire Games, showcasing sports infrastructure; Indian Police contingent excels in past editions. | Photo Credit: ANI India will be hosting 2029 World Police and Fire Games, with Union Home Minister and Minister of Cooperation, Amit Shah, saying that winning the bid is a “global recognition of our sprawling … Read more