The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…
Acclaimed South Korean drama director Ahn Pan-seok has passed away at the age of 64, capping off a career that spanned close to four decades. Known for helming several celebrated dramas such as ‘Behind the White Tower’, ‘Secret Affair’, ‘Something in the Rain’ and ‘Spring Night’, his death was announced today, August 12, by the…
As entry-level 5G smartphones became more expensive, several brands reintroduced or extended 4G models to retain buyers at the lower end NEW DELHI: India’s cheapest smartphones are disappearing fast. Rising component costs have made sub-$100 (around Rs 9,000) devices increasingly unviable for manufacturers, while giving older 4G technology an unexpected lifeline as brands look for…
Kangana Ranaut clarifies her “Generation Gutter” remark, saying it was aimed at specific people, not all youth. Politician and actor Kangana Ranaut has clarified her controversial “Generation Gutter” remarks, saying she was not referring to all young people. Speaking to ANI on Wednesday, Ranaut said her comments were specifically aimed at people who “label themselves…
Starting Nov 2024, Sebi had made several changes to the trading rules for F&O, including increasing margins and contract sizes. MUMBAI: New rules introduced by markets regulator Sebi to curtail excessive speculation and trading in the futures & options (F&O) segment have reduced aggregate losses incurred by retail investors during fiscal 2025-26, but per-investor loss…
Taylor Swift and Travis Kelce tied the knot on July 3 at Madison Square Garden in New York City in front of an estimated 1,000 guests. Travis Kelce has opened up about his wedding to Taylor Swift, calling their star-studded celebration “the best night” of his life. The Kansas City Chiefs tight end, 36, spoke…
Gold prices are trading near multi-week highs on Wednesday as investors weigh competing signals from the US economy and the ongoing Middle East conflict. Spot gold was up 0.3% at $4,377.79 per ounce by 0055 GMT, after climbing to its highest level since June 5 in the previous session. The metal encountered technical resistance around…
Paris Jackson reflects on her two failed engagements, revealing that her first relationship felt real despite a difficult chapter involving drug use. Paris Jackson has opened up about her two failed engagements and the lessons she has learned from her past relationships. The 28-year-old musician and daughter of late pop icon Michael Jackson spoke candidly…
N Chandrasekaran’s decision leaves the board with the task of selecting a new chairman.. (Reuters file photo) N Chandrasekaran’s decision to step down as Tata Sons chairman after his current tenure ends in February 20207 has brought to light the power struggle within the Tata group.His decision represents a major leadership change at Tata Sons…
The Independence Day weekend is shaping up for an interesting box office battle as Sunny Deol’s ‘Batwara 1947’ and Emraan Hashmi’s ‘Awarapan 2’ prepare to arrive in cinemas. With only two days remaining before their releases, advance booking trends have started providing an early indication of the audience response to both films.According to trade tracker…