By The SATimes News Service New Delhi/Mumbai: In a major action, the Enforcement Directorate (ED) has arrested Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in connection with the ICICI Bank loan case. He was arrested by the Mumbai branch of the financial probe agency. The action comes almost a year after the ED filed...
By The SATimes News Service New Delhi: Global credit rating agency Fitch on Tuesday slashed its FY-21 GDP growth forecast for India further downward to (-) 10.5 per cent from (-) 5 per cent. "We expect the shortfall of activity relative to our pre-virus forecast to be 16 per cent by early 2022," Fitch Ratings said...
New Delhi: Even as the country's economic growth contracted by 23.9 per cent in Q1FY21, preliminary estimates indicate the fiscal will exhibit a negative double digit growth in real GDP, says a SBI Ecowrap report. The report, released a day after official NSO figures showed the massive fall in GDP growth, said: "After a decline...
New Delhi: The Covid-19 pandemic-induced economic turbulence, along with measures to curb its outbreak, heavily dented India's economy and plunged the country's GDP by (-) 23.9 per cent during the first quarter (Q1) ended June 2020-21 on a year-on-year basis. According to the National Statistical Office (NSO), the Gross Domestic Product (GDP) in Q1 of...
Rabindranath Tagore was once asked that the way he wrote the National Anthem of India, why doesn't he write one for the world? He replied that it has already been written. It was sung in the16th century by Guru Nanak Dev as aarti at Jagannath Puri. Tagore was so influenced by this aarti that he himself translated it...
Southampton: James Anderson's record breaking 600th wicket and a first Test series win at home against Pakistan since 2010 were among the positives for England in a rain-stricken final day of the third Test between the two sides that ended in a draw. Babar Azam scored an unbeaten 63 as the match ambled on to...
Mumbai: Despite Covid-19, the Reserve Bank of India (RBI) reported a growth of 30 per cent in its balance sheet to around Rs 53.34 lakh crore for the year 2019-20. RBI's financial year runs from July-June. The balance sheet of the Reserve Bank plays a critical role in the functioning of the country's economy, largely...
New Delhi: While 57 pilots protest the termination of their services by Air India, its subsidiary company, Alliance Air, has begun recruiting for positions of commander and first officer. Alliance Air had advertised for vacancies of commander and first officer last week, the day after its parent company Air India issued termination letters to 57...
New Delhi: Reliance Industries Limited (RIL) has announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately Rs 620 crore. This investment represents around 60 per cent holding in the equity share...
