A proposed High-Level Committee on Banking for Viksit Bharat will examine balance sheet constraints faced by public sector banks and ways to better leverage their capital, Financial Services Secretary M Nagaraju said on Friday, PTI reported.The government is expected to announce the terms of reference for the panel soon.“This committee is expected to review the…
Devi Sri Prasad aka DSP turns 47: National award winning musical composer reflects on his journey.(Image Credit: Instagram) The National Award-winning music composer, Devi Sri Prasad, or as fondly called DSP, has spent over two decades delivering chart-topping soundtracks across Telugu, Tamil, and Hindi cinema. In his career, he has seamlessly transitioned between soulful melodies,…
The government will divest up to a 3% stake in state-owned NLC India Ltd through an offer for sale (OFS), with the floor price set at Rs 303 per share, nearly 10% below the stock’s closing price on Monday.The OFS for non-retail investors will open on Tuesday, while retail investors can bid on June 10,…
The rupee fell 49 paise to hit a record low of 92.89 against the US dollar in early trade on Thursday, amid sustained pressure from a strong dollar and global market volatility.As the currency weakened, the Reserve Bank of India has significantly increased its market intervention using forward contracts, Bloomberg reported citing people familiar with…
MUMBAI: Belgium’s top insurer present in life and non-life in India aims to break into the top 10, and will also explore acquisition opportunities as they arise, deepening its commitment to one of its fastest growing markets. The strategy builds on earlier moves, including becoming the first insurer in India to hold over 70% in…
Preity Zinta recently caught attention during a casual outing in Mumbai, but it was not her understated look that became the talking point. The actress was spotted wearing a black T-shirt with the words ‘Team Tukaram Mundhe’ printed across it, instantly drawing attention to Maharashtra Food and Drug Administration Commissioner Tukaram Mundhe, who has been…
Reliance Industries is placing artificial intelligence at the centre of its media and entertainment strategy as it looks to drive the next phase of growth across streaming, television and digital content businesses, PTI reported.In its latest annual report, the Mukesh Ambani-led conglomerate said AI will play a defining role in the future of entertainment and…
Kannada star Shiva Rajkumar landed in controversy for his earlier remark calling Hindi a “national language”. The veteran actor has now apologized after the criticism it received on social media. He clarified that he meant to say Hindi was “one of the national languages” but used the wrong term during the promotions of his upcoming…
The equity markets are set for a closely watched trading session on Friday, with the Sensex and Nifty expected to react to global cues and comments from US Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. GIFT Nifty signalled a positive start, trading 65.5 points, or 0.27%, higher at 24,263.50, pointing to gains…
Rupee began its last trading session of the week in red, falling 45 paise against the US dollar to 94.67 in early trade as rising crude oil prices and fresh tensions around the Strait of Hormuz dragged down market sentiment. Opening at 94.58 in the interbank foreign exchange market, the domestic currency slipped further as…