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Yemen's Houthi rebels under unclear circumstances, authorities said Friday, as the rebels face increasing financial pressure and airstrikes from a US-led coalition. Others working for aid groups also likely have been taken. The detentions come as the Houthis, who seized Yemen's capital nearly a decade ago and have been fighting a Saudi-led coalition since shortly after, have been targeting shipping throughout the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

«I think primarily it is the NBFCs which is there, which actually the NBFC MFIs where this issue is in terms of the higher rates. Spandana has announced that they are going to cut rates. So, we are seeing this trend across all the MFIs. And it should play out for the other MFIs also over the course of next few quarters,» says Viral Shah, Vice President, IIFL Securities. Let us start with that comment that has come in. What is it in terms of the risk that has comes out for the NBFC? Is it much of a concern? How are you seeing? Yes, they have cautioned this before, but how do you see this now shaping up? I think RBI's pattern in terms of incrementally dealing with all the regulated entities is quite set. They have highlighted this issue quite sometimes. The deputy governors have highlighted it in their interactions. And today we had a comment from the governor himself. So, I think this is one key area that should be on focus and he has specifically called out the MFI sub-segment and that is a place where we believe that some of the higher rate lenders will have to take a rate cut. In fact, a couple of them have already announced that they are going to take between 50-70 odd basis points of rate cuts over the next few quarters.

A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank's Additional Tier 1 (AT1) debt.

Telugu Desam Party (TDP) supremo Chandrababu Naidu on Friday heaped praises for the BJP leader and Prime Minister of India, Narendra Modi, calling him the right leader at the right time.

«Possibly policymaking will have to adjust to those realities, which we were not thinking about going into the election. So, these are the new things that they need to react,» says Vikash Kumar Jain, CLSA Investment Analyst. Good note you guys have come out with on the focus on Modi 3.0. I mean, that is clearly the one single biggest area of interest of the market right now. And within that, of course, formation of the cabinet and the agenda to be taken up. What are your thoughts could be the priority areas in the coalition? I think there are a couple of realities that the new government will have to deal with.

Carl Pei recently confirmed in a post on X (formerly Twitter) that the company's flagship smartphone, the Nothing Phone (3), will be released next year“Expect this to be improved and gradually introduced, starting with Phone (3) next year. It’s important we get the product right, integrating hardware and AI in a way that is both useful and brings a smile to people’s faces." Pei recently said in a post on X.

Omar Abdullah lashed the BJP-led National Democratic Alliance (NDA) for not having any representation from the minorities in the list of its Members of Parliament (MP) elected to the Lok Sabha in the recently-concluded general elections. Abdullah's statement comes right at a time when the newly-elected MPs were meeting on June 7 to elect Narendra Modi as their leader, paving the way for him to take oath as prime minister for a third term.Follow Live Updates on Lok Sabha Election Results 2024 HereThe swearing-in is likely to be held on Sunday.“It’s not just the BJP, the NDA is Muslim mukth, Christian mukth, Buddhist mukth, Sikh mukth and yet the government will claim to represent 140 crore Indians," Abdullah said in a tweet.The NDA finally won 293 seats (MPs), which is a comfortable number above the 272-seat majority mark in the 543-member Lok Sabha.

'Buy stocks before June 4!': Rahul Gandhi blames Modi, Shah for ‘share market scam’, investors' ₹30 lakh crore lossHe also acknowledged about India's potential to become home to the world's largest developer community in the "age of AI"."India is at the nexus of monumental economic opportunity, as it is set to become the world’s largest developer community at the exact point in time the age of AI is taking off. More from me on this soon," he stated.Also Read | RBI to allow auto refill of UPI Lite wallet soon, here’s what Governor Shaktikanta Das said…In subsequent posts throughout the week, Dohmke was all praise for the country's "vivid creative expression" and AI innovation."It’s not just how you will build with AI, it’s the AI innovation you will build right here in India.

«Other announcements which are all for increasing the safety and soundness of the banking system and the payments and other things, that are welcomed,» says R Gandhi, Former RBI Deputy Governor. What to your mind actually stood out from the governor's commentary given that it was along expected lines and a status quo? Yes, that is right. The whole policy announcements are on expected lines only. Both by the market and others going by any standard I do not think anybody would have thought otherwise. Of course, going forward, everybody would be expecting the rate cut to come in sometime soon. So it could be in August or October, that will be the next debate, that would obviously depend upon the inflation footprints that we will get this month and next month so that should guide us.

Chhoti Si Kahaani Se (from the 1987 film Ijaazat), greet you right at the entrance. It’s obvious that managing director Vikram Mehra, 53, is a huge fan of films and songs from the 1970s and 1980s, which he refers to as his formative years.

27 countries of the European Union will join the European elections which began yesterday i.e. on June 6.

ITC: Shareholders of ITC have approved the demerger of the company’s hotel business, paving the way for the listing of ITC Hotels. The decision was made during a virtual meeting, with 99.6% of shareholders voting in favor.

A large chunk of US employees are not making contributions to their workplace retirement plans – and they don’t even know it.

Liquidity is coming back to the real estate market, with high-quality assets drawing more bidders than even a few months ago, according to Blackstone Inc.’s global co-head of real estate. 

Opposition will draw a clear functional line to the government as the condition for the smooth functioning of Parliament in future, including the upcoming budget session. The Opposition leaders said the government this time will have to reinstate the post of the Deputy Speaker of the Lok Sabha and allot it to the main Opposition party of the INDIA bloc. The leaders also said the ruling establishment must also «end riding roughshod» over the Opposition and Parliamentary procedures by rushing through many important Bills without proper discussions and voting, at times even by mass suspension of Opposition MPs.

US Presidential election campaign and proceedings as the contest between former US President Donald Trump and current President Joe Biden has grown only more intense.

investment firm Prosus' nearly 10% stake in Byju's has no value, HSBC said, alluding to a deepening cash crunch and legal battles at the troubled Indian edtech firm.

losing are a part of life. They are two sides of the same coin. Winning and losing come in cycles; neither is permanent.

Federal prosecutors this week arrested the chief financial officer of The Epoch Times and said he directed millions of dollars gained through criminal schemes to the company and himself

general election having concluded with Prime Minister Narendra Modi-led NDA winning a third term, the second biggest electoral exercise got underway on Thursday as around 450 million European Union (EU) citizens began voting to choose 720 members of the European Parliament (MEPs) from 27 countries. In partnership with leading Bulgarian news agency BTA, PTI is in Sofia to capture the scale of these elections — one of the biggest democratic exercises in the world, second only to India as it signifies as many as 27 national elections. In Bulgaria, where voting will take place on Sunday, the elections have taken on an even greater significance as the country is simultaneously voting in its early National Assembly elections to elect 240 members of Parliament.