BENGALURU: Canara Bank plans to raise $2.3-2.5 billion through foreign-currency deposits under RBI’s FCNR(B) deposit swap window, its MD and CEO Brajesh Kumar Singh told TOI.The bank has already mobilised around Rs 7,300 crore through the scheme in July. Canara Bank’s loan book grew nearly 18% in the June quarter, outpacing the 11.6% increase in…
NEW DELHI: TVK chief C Joseph Vijay on Sunday took oath as Tamil Nadu chief minister along with members of his new cabinet, as the Tamilaga Vettri Kazhagam formally assumed power in the state after its landmark electoral victory on May 4.Governor Rajendra Vishwanath Arlekar administered the oath of office to Vijay and his ministers…
Why are Republicans using the ‘anti-communist’ rhetoric against Democrats US President Donald Trump has sharply escalated his warnings about a communist takeover of the Democratic Party ahead of November’s midterm elections, reviving Cold War-era rhetoric in a bid to radicalise his base and shift attention away from economic concerns.A Reuters analysis of Trump’s public comments…
NEW DELHI: The first phase of Census in Delhi, which concluded in Delhi on Sunday, has found a 2.3 crore population living normally in the National Capital Territory (NCT), with North East Delhi emerging as the most populated district with 28.7 lakh normal residents and New Delhi with the least population at 2.4 lakh.In Census…
Dancing Girl” in NCERT’s class 6 Social Science textbook (ANI photo) NEW DELHI: In a swift move, National Council of Educational Research and Training (NCERT) decided to restore the original version of the iconic “Dancing Girl” of Mohenjo-daro in its new class IX textbook with immediate effect on the digital books available online as well…
In a sign of intense competition among oil producers, Saudi Arabia on Monday slashed crude prices by $11 a barrel for Aug, the sharpest fall in 26 years.The discount on Arab Light Crude follows a $6/barrel cut for July after the Strait of Hormuz opened, resulting in oil prices crashing to pre-Feb 28 levels. Saudi’s…
The Reserve Bank of India‘s concessional swap facility could attract $80-85 billion in foreign currency inflows, led by strong Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, according to an SBI research report released on Monday.The report, Ecowrap, said the RBI’s swap scheme has already brought in nearly $20 billion in inflows by July 17, providing a…
Iran’s widening war with the US and much of the Middle East appears to be entering a new phase. After using the Strait of Hormuz as leverage during months of military escalation, Tehran is now signalling that it could target another critical global chokepoint: the vast network of subsea internet cables running beneath the Gulf.According…
If you chose the table with the drawer, you have a great combination of external logic and internal depth. On the outside, you like order, clear systems and efficiency. You keep your space and your schedule organized because structure is what keeps you calm. Your approach: You are incredibly reliable and very practical, but you…
Byju Raveendran (file photo) Byju Raveendran, founder of the collapsed edtech company Byju’s, has been sentenced to six months in prison by a Singapore court in a contempt case, according to people aware of the development who told Bloomberg.The court directed Raveendran to undergo jail time after finding that he had failed to comply with…