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NEW DELHI: A drone attack on the UAE’s Barakah nuclear power plant has intensified fears of a wider regional escalation, with analysts warning that Iran-backed militias in Iraq are emerging as a key front in Tehran’s confrontation with the US and Israel.The United Arab Emirates said the attack targeting the Barakah plant on Sunday originated…
MUMBAI : UK’s Prudential plc has doubled down on its India plans, with the British insurer agreeing to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of Rs 3,500 crore. The transaction will hand Prudential both majority ownership and operational control,…
US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as…
US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as…
Mumbai : Bank earnings in FY26 are set to shift from margin-led gains to volume-driven growth, even as funding pressures intensify with banks increasingly tapping costly wholesale sources to sustain credit expansion. According to data released by RBI, system-level advances grew 13.8% as of March 15, outpacing deposit growth of 10.8%, widening the gap between…
The Reserve Bank of India (RBI) on Friday unveiled its ‘Payments Vision 2028’ document, outlining a roadmap that includes exploring electronic cheques, expanding regulatory oversight to digital platforms, and strengthening safeguards in the fast-growing payments ecosystem, PTI reported.The central bank said it will examine the introduction of e-cheques to combine the advantages of paper instruments…
Looking to impress: Delhi Capitals’ Prithvi Shaw trains in Delhi on Tuesday (Image credit: Delhi Capitals/IPL) It’s unfortunate that Shreyas Iyer misses out. It’s no fault of his, nor ours. He has to wait for his chance.” This was India’s chief selector Ajit Agarkar while announcing the T20I squad for the Asia Cup last Aug….
File photo: British PM Keir Starmer UK Prime Minister Keir Starmer said on Monday that Britain “will not be drawn into the wider war” in the Middle East, even as it works with the US, European partners and Gulf allies on a “viable collective plan” to reopen the Strait of Hormuz, the critical energy chokepoint…
The Reserve Bank of India (RBI) has proposed changes to its framework on customer liability in digital banking frauds, aiming to widen protection for users and ensure quicker resolution of complaints related to unauthorised electronic transactions.The central bank on Friday issued draft amendment directions and invited comments from stakeholders and members of the public by…
Nearly 10 million Indians living across West Asia could face heightened risk as tensions escalate following the US-Israel military operation against Iran and Tehran’s retaliation.Prime Minister Narendra Modi on Monday described the situation in West Asia as a “matter of grave concern” and reiterated that India supports dialogue and diplomacy to resolve disputes. The ministry…
