FM Nirmala Sitharaman. Photo credit: ANI NEW DELHI: Govt will “soon” announce the high-level committee on banking reforms, finance minister Nirmala Sitharaman said on Monday at the conclave of 12 public sector banks (PSBs) and public financial institutions, while lauding the sector’s improved asset quality. She also emphasised that the future of banking must “reflect”…
Sebi chairman Tuhin Kanta Pandey MUMBAI: Markets regulator Sebi is open to making changes to the closing auction session (CAS) system, but it will not abandon it completely, Tuhin Kanta Pandey, chairman, Sebi said Monday. The top markets regulator also said that currently Sebi officials are analysing trading data for CAS, and are also going…
Gold and silver retained a positive outlook, with analysts pointing to continued gains while also flagging elevated volatility and periods of consolidation. Domestic gold futures rose nearly 2% during last week to close at Rs 1.54 lakh per 10 grams, while MCX silver gained 1.9% to Rs 2.35 lakh per kg. Internationally, Comex gold advanced…
Planning a bank visit this August? Before you head to the branch, take a quick look at the holiday calendar. Banks will remain closed on several days this month, with the dates varying from state to state depending on regional festivals and local observances.For customers, this means a quick check of the holiday schedule could…
Tata Power and IIT Bombay partner to develop and commercialise next-generation clean energy technologies. MUMBAI : Tata Power and the Indian Institute of Technology Bombay (IIT Bombay) have signed a Master Research Agreement (MRA) to jointly accelerate the development, scaling and commercialization of next-generation energy technologies and clean energy solutions.The agreement was signed at the…
Tata Power Renewables launches CREAMS, a 24×7 digital command centre to monitor and optimise its solar and wind assets nationwide. MUMBAI: Tata Power Renewables has launched its state-of-the-art Centre for Renewable Energy Analytics, Monitoring & Scheduling (CREAMS) at the company’s Trombay plant on August 20, highlighting a facility that is among the most advanced centralised…
IIT Kharagpur assessment flags weak, highly plastic soil and drainage issues as key causes of premature failures on the Lucknow-Kanpur Expressway. NEW DELHI: Use of weak and highly plastic soil beneath the Lucknow-Kanpur Expressway appears to be one of the main reasons for premature failures (slippage) on one of its stretches, an expert assessment has…
Bombay HC orders FDA to pay Rs 5 lakh to Pune dairy retailer, allows business to reopen after 98% compliance. MUMBAI: Bombay high court on Monday directed the Food and Drugs Administration (FDA) to pay a Pune based dairy and sweets retailer Rs 5 lakh towards”losses” for not revoking the suspension of its food licence…
A total of 57 Trump officials are estimated to have fortunes of at least $100 million. US President Donald Trump has surpassed his predecessors in the number of ultra-rich people he has appointed. According to a report released on Monday by consumer advocacy organisation Public Citizen, Trump has appointed more than four times as many…