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BJP leader BS Yediyurappa and three other accused in connection with a POCSO Act case to appear before it on March 15. The court which handles cases booked under Protection of Children from Sexual Offences Act took fresh cognisance of a charge sheet filed by the Karnataka Criminal Investigation Department (CID) against 82-year-old Yediyurappa, a former chief minister. The Karnataka High Court on February 7 had directed the special court to consider afresh and pass appropriate orders on the CID's final report in the case. The High Court had issued this order while partly allowing the petition filed by Yediyurappa challenging proceedings against him under the POCSO Act, and remitting back to the trial court the criminal case registered against him. It had also granted anticipatory bail to him.

Subscribe to enjoy similar stories. India’s public sector banks have outpaced their private sector peers in growing their loan book, regaining market share lost over the past several years when asset quality and capital concerns had weighed them down. While loans by public sector banks grew 12.4% year-on-year (y-o-y) in December, private banks saw their loan book grow 10.5%.

Sindhudurg, Maharashtra, parents of a 15-year-old boy were arrested after complaints that the teenager was spouting 'anti-national' slogans during last weekend's India-Pakistan cricket match. The parents were granted bail by the local court, and have been asked not to leave the area. The family's scrap shop — which allegedly didn't have the right permit and was left intact until Monday — was razed by the local council. From when was it a crime to cheer for a cricket team pitted against India, a Pakistani team included? What next? Arresting for listening to Pakistani ghazals? For having a poster of 2024 Paris Olympic gold medal-winning Pakistani javelin thrower Arshad Nadeem — and pal of India's 2023 World Champion Neeraj Chopra — on a wall? If the police had one job, it was to quell the escalating argument between the boy's family and the complainants, not, for all purposes, join the mob.

microfinance lending should be seen as an assertion of its confidence that earlier curbs are delivering results. The stress showing up in this segment — NPAs in the sector have surged to an all-time high of ₹50,000 cr, according to data from Crif High Mark — is the outcome of credit contraction that would, left to itself, have tamed delinquency. Lenders pulled back after RBI last year capped credit and interest rates to overleveraged borrowers. Evergreening of loans has been curtailed, with the new rules setting limits on the number of loans to individual borrowers and prohibit fresh lending to any debtor in default. But this is strong medicine, administered to check the spike in unsecured credit resulting from a previous round of relaxation of microfinance lending rules.

Blackpink is all set to embark on a world tour soon, travelling across several cities in Asia, Europe, and North America.

Subscribe to enjoy similar stories. The business environment is set to turn favourable for non-banking financial companies (NBFCs), thanks to two recent developments. On 25 February, the Reserve Bank of India (RBI) eased risk-weight norms for bank lending to NBFCs, reducing it from 125% to 100%, effective 1 April.

falling rupee and rising hotel prices have made international vacations more costly for Indians this summer. The year-on-year increase for the April-June period is between 15% and 20% compared to last year, with tour operators transferring the price hike to travelers.

Subscribe to enjoy similar stories. Sixty-two crore and counting! The staggering footfall at the Maha Kumbh surpasses the population of several nations, highlighting the unstoppable rise of religious tourism. Social media has been a game-changer, making trip planning seamless, while mobile phones and high-speed internet have made navigating destinations easier than ever.

Non-performing assets in the microfinance sector surged to an all-time high of ₹50,000 crore, or 13% of the gross loans, at the end of December last year, even as the RBI reduced the need for higher capital allocation against risky unsecured assets.

Subscribe to enjoy similar stories. Mumbai: Most ‘dotcoms’ from the ‘90s died in the 2000 bust. Not Nazara Technologies.

Non-banking finance company (NBFC) InCred Finance has acquired NBFC TruCap Finance’s gold loan business through a slump sale.

Subscribe to enjoy similar stories. Just days before Pope Francis was hospitalized with pneumonia in the middle of this month, he criticized the Trump administration’s mass deportation of immigrants in blunt terms. In a letter to Catholic bishops in the US, the Pope said that it violated “the dignity of many men and women" and that such policies “begin badly and will end badly." The contrast between the Pope’s candour and the mostly muted response from European leaders to US Vice-President J.D.

Subscribe to enjoy similar stories. Companies, especially startups, may increasingly be pursuing the path of confidential IPO filings to keep their listing timelines flexible and manage market volatility, people familiar with the public markets said. Edtech company PhysicsWallah, which raised additional capital from existing investor Westbridge, is expected to make a confidential filing for an initial public offering over the next three weeks, a person familiar with the company’s plans said.

Subscribe to enjoy similar stories. In a bid to be in line with proposed Reserve Bank of India (RBI) norms regarding business overlaps and holding limits of banks in their subsidiaries, Axis Bank Ltd has begun exploring a possible sale of Axis Finance Ltd, two persons familiar with the development said on the condition of anonymity. Further, the two people added that a planned public listing of Axis Finance has been set aside in favour of a private selloff because of potential higher valuations.

Subscribe to enjoy similar stories. MUMBAI : ICICI Direct’s latest TV commercial on the “buy now, pay later" offer for stock purchases created a lot of chatter on the microblogging site X, formerly Twitter, about the potential risks of buying shares by borrowing money from a broker. To be sure, most brokers in India offer a margin trading facility (MTF), positioning it as a “buy now, pay later" option.

A chilling video circulating online has reignited age-old fears of artificial intelligence surpassing human comprehension. The clip, shared by Instagram page @artificialintelligencenews.in, captures what appears to be a routine customer service call—until it takes a bizarre turn.

Subscribe to enjoy similar stories. CIE Automotive India Ltd is struggling with a slowdown in its Europe business, which is adding pressure to overall profitability. Consolidated Ebitda margin fell 43 basis points year-on-year to 14.2% in the December quarter (Q4CY24).