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Bank depositors will access money within 90 days: Sitharaman


New Delhi: The Union Cabinet has cleared the Deposit Insurance and Credit Guarantee Corporation Bill 2021 under which depositors of banks under moratorium will be able to access money within 90 days, finance minister Nirmala Sitharaman said briefing the cabinet decision.     All commercial banks and even branches of foreign banks operating in India will come...

If Tesla joins ‘Make in India’, govt will lower import duty


New Delhi: The government may consider lowering import duty along with offering other sops to Tesla, but for that, the electric vehicle major would have to invest in setting up a manufacturing facility in the country. Tesla had urged the Center earlier to reduce import duty in electric vehicles. It wants to bring its latest...

IMF cuts India growth to 9.5% due to Covid Delta


United Nations: The Delta variant-spurred Covid-19 second wave has shaved off 3 per cent from the International Monetary Fund's (IMF) previous projection for India's economic growth for fiscal year 2021-22, pegging it now at 9.5 per cent, but the country still remains the world's fastest-growing large economy. The IMF's World Economic Outlook Update (WEOU) made...

J&J exploring putting talc liabilities into bankruptcy: Report


New York: Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, Reuters reported, citing people familiar with the matter. During settlement discussions, one of the healthcare conglomerate’s attorneys has told plaintiffs’ lawyers that J&J could pursue the bankruptcy...

Byju’s buys US-based Epic for $500 mn, to invest $1 bn in US


Bengaluru: Leading online learning platform Byju's has acquired Epic, the world's leading digital reading platform for kids 12 and under, for $500 million. The big acquisition comes on the heels of it buying the Aakash Institute for nearly $1 billion earlier this year. The Epic deal was backed by General Atlantic, Sequoia Capital, the Chan-Zuckerberg...

Govt seeks Parliament nod for Rs 1.87 lakh cr additional spending


New Delhi: The government has sought the Parliament's approval for an additional spending of Rs 1.87 lakh crore to meet its expenditure commitments made under various Covid relief measures and to provide higher allocation for the health sector. Finance Minister Nirmala Sitharaman presented the first batch of supplementary demands for grants in the Lok Sabha...

Indian investors scaling up exposure in ETFs in US markets


New Delhi: Indian investors, especially millennials, are increasingly scaling up their participation in the US markets for portfolio diversification, the UK-headquartered financial services firm Winvesta has said in its latest report. The Winvesta Investor Pulse Report' June 2021 is based on aggregated data from retail investors across India who invest in fractional shares of the...

JAINA – Jain Associations In North America


With a small beginning in 1981, JAINA has become known for a remarkable and praiseworthy achievements during last four decades. Gurudev Chitrabhanu (1922 - 2019) and Acharya Sushil Kumar Ji (1926 -1994), two most prominent Jain spiritual leaders in USA, blessed the JAINA at its auspicious beginning. They provided till their last breadth all...

Mysticism, the science that injects life with peace and joy


By Sant Rajinder Singh Ji Maharaj Mysticism, rightly understood, is the most universal and fundamental approach to achieving an integrated and fulfilling life. In a world that has made such remarkable scientific and material progress, the challenge before us, individually and collectively, is to make similarly spectacular progress in the spiritual sphere.     Each of us...