Indian

Reserve Bank imposes Rs 2 cr penalty on SBI

SBI’s profit bump shows resilience against downside: S&P

8:19 pm November 5, 2020

New Delhi : State Bank of India (SBI) has the financial strength to withstand tough operating conditions in the next 12 months due to its strong deposit franchise and liquidity, global rating agency S&P on Thursday said. The very high likelihood of the government support, if needed, provides a cushion to accentuated downside risks, it […]

Saudi Arabia’s PIF invests Rs 9,555 cr in Reliance Retail

6:04 pm November 5, 2020

New Delhi: Billionaire Mukesh Ambani-run Reliance Industries Ltd’s retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries […]

Indian-origin millionaire Thanedar elected to Michigan state legislature in US

12:15 pm November 5, 2020

Houston: Shri Thanedar, an Indian-origin Democrat millionaire who ran for Governor two years ago, has been elected to the House of Representatives in Michigan with 93 per cent votes. Thanedar, 65, the scientist and businessman, raised a record-breaking USD 438,620, primarily from his own wealth, in the state House primary against six other opponents. The former gubernatorial hopeful cashed […]

India, US, Japan and Australia kick-start Malabar naval exercise in Bay of Bengal

8:03 pm November 3, 2020

New Delhi: The navies of India, the US, Japan and Australia on Tuesday held a series of complex manoeuvres in the Bay of Bengal, kick-starting the four-day-long first phase of the Malabar naval exercise, seen as a prelude to future military cooperation among the member nations of the Quad or Quadrilateral Coalition. The mega exercise is taking […]

PM Modi to interact with CMs on Thursday over COVID situation, vaccination drive

PM to chair virtual global investor roundtable on Thursday

7:56 pm November 3, 2020

New Delhi: Prime Minister Narendra Modi will on Thursday chair a virtual global investor roundtable that will provide an opportunity to leading global investors and Indian business leaders to engage and deliberate with senior policy makers on how to further accelerate the growth of international investments in the country. The Virtual Global Investor Roundtable (VGIR) is being organised by the […]