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Reserve Bank of India (RBI) on shielding the identities of officers who spot wilful defaulters and build cases against errant borrowers, said bankers aware of the development. A recent High Court order has directed banks to name the employees on committees identifying a borrower as a wilful defaulter. The division bench order about Milind Patel, director of IFIN versus Union Bank of India, also asked the bank to provide the petitioner full access to the relevant documents and material on record. This is yet another contentious issue between lenders and the borrower. The Union Bank had argued that it is not obliged to provide evidence to the borrower as per the RBI guidelines. Lenders will seek RBI's guidance on this issue, too, the bankers cited above said. The bank management lobby, the Indian Banks Association (IBA), will soon seek advice on ways to address this issue.

Whether you need sockets for your living room, bedroom, kitchen, or office space, these electrical sockets provide a reliable and convenient way to power your devices while adding a touch of style to your space.

During the past decade (2013-14 to 2022-23), India’s annual total investments have ranged between 30% and 34% of GDP, barring a dip to 28% of GDP in 2020-21. This is if we measure this proportion using current prices or nominal data (let us refer to it as the ‘nominal investment ratio’). Usually, all ratios— investment, savings, fiscal deficit, current account balance, corporate profits, et al—are measured in nominal data or at current prices.

Bank of India on Sunday announced that it has been issued a demand notice totaling Rs 1,127.72 crore by the Income Tax Department's Assessment Unit, pertaining to the assessment year 2016-17. The Bank has received a demand notice under section 156 of the Income Tax Act, 1961, pertaining to the annual year (AY) 2016- 17 wherein certain disallowances have been made, it said in an exchange filing. According to the exchange filing the Bank is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the said order within the prescribed timelines.

Renegade Nell, has left viewers spellbound with its thrilling journey across time. With its blend of adventure and magic, the show has quickly become a favorite among fans, prompting eager anticipation for what lies ahead.

AAP workers and supporters attended the INDIA bloc rally in large numbers at the Ramlila Maidan on Sunday, many of them wearing yellow-coloured T-shirts with «Mai bhi Kejriwal» and «Modi ka sabse bada dar Kejriwal» printed on them. Top INDIA bloc leaders gathered at the Ramlila Maidan to express solidarity with arrested Delhi Chief Minister Arvind Kejriwal and former Jharkhand CM Hemant Soren, and urged people to vote out the BJP in the Lok Sabha polls to «save democracy and the Constitution». «Arvind Kejriwal who always talks about education, providing free electricity, free bus services for women has been sent behind the bars,» said Aam Aadmi Party (AAP worker Kewal Singh, a resident of Taran Taran village. He was dressed up as Punjab chief minister Bhagwant Mann at the rally. «The rally is being organised to end dictatorship and save democracy,» said Kulwinder Singh, an AAP worker from Delhi.

Several Quebec Tim Hortons franchisees are taking the brand’s owner to court, blaming what they describe as unreasonable constraints in the company’s licensing agreements for lower-than-expected profits.In a lawsuit filed in Quebec Superior Court on Thursday, 16 companies with Tim Hortons franchise licences allege the TDL Group Corp.’s contracts “place it in a position of absolute dominance” over their combined 44 restaurants.“Through these Tim Hortons licence agreements … TDL controls every essential lever involved in the running of a restaurant,” from deals with suppliers to equipment,” the plaintiffs allege in their application.TDL also sets prices for both menu items and the ingredients restaurants need to make them, the lawsuit contends.Yet TDL’s policy of fixing prices didn’t adapt to the market, the franchisees assert. They argue the franchisor’s rules leave them “no room for maneuver” and impose costs they are unable to match in sales.

—Name withheld on request In today’s digitally interconnected world, our reliance on online transactions for personal and business purposes exposes us to increasing cyber threats. As an entrepreneur dealing with multiple online transactions, your concerns are valid. Safeguarding this private and sensitive data is imperative.

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Betsloty Token (BS) comes on board the crypto ecosystem as it attempts to disrupt the Gamblefi world with its unique packages. Their entry has been greeted with optimism from investors of some established cryptocurrencies like Chainlink (Link) and Cosmos (Atom). The crypto world is anticipating the complete unveiling of this table shaker that is poised to revolutionize the crypto sphere. 

British International Investment is looking to raise exposure to India's affordable housing finance and micro, small and medium enterprises (MSME) spaces, sectors that receive continuous government support and have shown significant improvements in asset quality metrics. The UK's development finance institution said that it has a strong pipeline on both debt and equity investment in these two sectors and that it is looking for innovative ideas for funding. «We are currently pushing funding into two big areas. One is affordable housing and the other is MSME finance. There is a third area which is microfinance,» BII's director and head of financial services business in South Asia, Gaurav Malhotra, told ET.

Sebastien Lecornu said France is to deliver «hundreds» of armoured vehicles by the beginning of next year to Ukraine as part of a new package of military aid for the country that just entered its third year since the Russian invasion. In an interview with the French newspaper La Tribune's Sunday edition, Lecornu said that «to hold such an extensive front line, the Ukrainian army needs, for example, our armoured personnel carriers. It's absolutely key for troop mobility». The French military is currently replacing its old VAB armoured personnel carriers that started being used in 1979 by a new generation of armoured vehicles. «This old equipment, still operational, is going directly to Ukraine in large quantities. We're talking about hundreds (of vehicles) in 2024 and early 2025,» Lecornu said. Lecornu also said France will provide Ukraine with more anti-aircraft missiles.

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Such moves were detrimental to the federal structure of the country, the minister said in a statement. “Many parts of India including Kerala have been reeling under water scarcity due to drought and severe summer. In such a situation, the offer from Kerala's industries minister to the Bengaluru companies to move into his state does not reflect a healthy competitive spirit,” Patil said. ET had, on March 27, reported about the Kerala Industries department writing to top tier technology companies in Bengaluru to consider the coastal state for expansion. “After we read reports of the water crisis in Bengaluru, we wrote to the IT companies offering them all facilities as well as plenty of water. We have 44 rivers, big and small, in our state, so water is not an issue at all,” Rajeeve had told ET.

DC vs CSK IPL 2024: MS Dhoni is not officially leading the Chennai Super Kings (CSK) in IPL 2024, but his influence is visible on the ground as new skipper Ruturaj Gaikwad never shies away from seeking his guidance to make on-ground decisions. CSK is witnessing the emergence of stars as debutant Sameer Rizvi gathered a lot of praise for his explosive innings against Gujarat Titans. MS Dhoni's wide influence was visible in Sameer Rizvi's batting and the batter continues to receive the words of wisdom from the legend.

Indian stock market: The Nifty has made a notable advance above 22,500, following a sustained movement beyond 22,100. Moreover, there's a visible consolidation breakout on the daily timeframe, indicating an increase in optimism. However, the Nifty faced initial resistance around its previous swing high of 22,526.

₹55,000 crore compared to over ₹23 trillion (as per central bank data) held in current and savings accounts (CASA) in the country. Second, as a category, debt MFs provide significant benefits to investors, whether retail or corporate. Today, retail investors typically park their money in savings accounts which earn around 3-4% per annum.

Mint has curated a list of top five health insurance plans. This story, second in a Mint series, provides a detailed understanding of HDFC Ergo Optima Secure that secured the second spot based on ratings decided by Mint-Beshak.org. (ICICI Lombard Health AdvantEdge topped the list and was featured in January.

Panasonic Group will form a joint venture with Indian Oil Corporation Ltd (IOCL), the nation's biggest oil firm, to manufacture cylindrical lithium-ion batteries. Panasonic Energy Co Ltd, a group firm of Japan-based multinational electronics company, has signed a binding term sheet and initiated discussions with IOCL «to draw a framework for the formation of a joint venture» to manufacture cylindrical lithium-ion batteries, said a statement on Sunday. «This initiative is driven by the anticipated expansion of demand for batteries for two- and three-wheel vehicles and energy storage systems in the Indian market,» it added. Cylindrical lithium-ion batteries are commonly used in consumer electronics, power tools, and electric vehicles. Panasonic Energy is a maker of automotive lithium-ion batteries.