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ICICI Prudential Mutual Fund gets RBI nod to raise stake in four banks

India, Sept. 10 -- ICICI Prudential Asset Management Company has received the Reserve Bank's approval for enhancing its stake in four banks, including Kotak Mahindra Bank, up to 9.95 per cent. The oth... Read More


FCNR flows could lead to abnormal lending, bankers need to be careful, says Axis Bank MD

India, Sept. 10 -- Private sector lender Axis Bank's managing director and chief executive Amitabh Chaudhry on Wednesday said the over USD 127 billion of FCNR(B) deposits could lead to some "abnormal ... Read More


Sensex tumbles 813 points to 3-month low amid West Asia tension

India, Sept. 10 -- Falling for the third straight day, benchmark stock index Sensex tumbled 813 points to a three-month low, and the Nifty settled below 23,450 following selling in IT, FMCG, financial... Read More


An appreciation of Lekha Chakraborty's Gender budgeting: That Fire in My Belly

India, Sept. 10 -- Economists are trained to keep personal experience separate from analysis. But the questions we choose to study often reflect what we have seen in our own lives. Lekha Chakraborty's... Read More


Sri Lanka Cricket faces estimated revenue loss of $20 million after losing CT rights

India, Sept. 10 -- Sri Lanka Cricket (SLC) is facing an estimated revenue loss of $20 million (Rs 188 crore) after being stripped of the hosting rights for next year's inaugural ICC Women's Champions ... Read More


SCANIA bets big on Tanzania's transport future with new workshops

Tanzania, Sept. 10 -- As Tanzania's transport and logistics industry continues to expand, the demand for reliable commercial vehicles, professional maintenance and efficient after-sales services is be... Read More


IMF delegation expected in Sri Lanka today

Sri Lanka, Sept. 10 -- An International Monetary Fund staff mission is scheduled to arrive in Sri Lanka today for discussions with authorities on the country's economic reform programme and broader fi... Read More


Apple announces iPhone Duo; 18 Pro, Pro Max to hit Indian shelves from Sep 18

India, Sept. 10 -- The new edition of ultra premium iPhone 18 Pro and iPhone 18 Pro Max will be available in India from September 18 at a starting price of Rs 1,64,900 and Rs 1,79,900 respectively, th... Read More


Congress alleges income tax evasion scam through unrecognised political parties

India, Sept. 10 -- The Congress on Wednesday attacked the Modi Government, alleging a Rs 10,000 crore income tax evasion "scam" involving unrecognised political parties and demanded a Joint Parliament... Read More


The GDP mirage: What India's growth numbers don't tell us

India, Sept. 10 -- The Indian economy is both celebrating and debating between figures of 7.8 per cent and 2.6 per cent as the latest quarter's GDP growth rate. The proponents of the promising number ... Read More