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RBI cancels licence of Sarvodaya Co-operative Bank in Mumbai over inadequate capital, financial concerns

Mumbai, May 13 -- The Reserve Bank of India (RBI) has cancelled the licence of Sarvodaya Co-operative Bank Ltd., Mumbai, citing inadequate capital, poor earning prospects and concerns over the interes... Read More


Vodafone Idea climbs on reports of fresh promoter-led capital infusion

Mumbai, May 13 -- According to reports, the proposed capital infusion is aimed at strengthening lender and investor confidence. The company is also pursuing broader fundraising plans to support networ... Read More


Textile sector presents budgetary proposals to govtPublished on: May 13, 2026 11:40 AM

Pakistan, May 13 -- Finance Minister Muhammad Aurangzeb on Tuesday held an extensive meeting with a high-level delegation representing Pakistan's textile and apparel sector, comprising leading chamber... Read More


Pakistan records first-ever fiscal deficit below 1%: adviserPublished on: May 13, 2026 11:37 AM

Pakistan, May 13 -- Adviser to the Finance Minister Khurram Schehzad on Tuesday said that the first time in country's history, the fiscal deficit has fallen below 1% of GDP, alongside record primary s... Read More


Indigenous smart hemodialysis system launched at Shakti Hospital Ahmedabad

India, May 13 -- Lord's Mark Industries Ltd. has launched the country's fully integrated, AI-powered renal care ecosystem. Established at Shakti Super Speciality Hospital, Ahmedabad, this initiative i... Read More


Indian rupee crashes amid rising oil prices and outflowsPublished on: May 12, 2026 11:34 PM

Pakistan, May 13 -- The Indian rupee fell to a historic low against the US dollar on Tuesday as rising oil prices, foreign investor withdrawals and weak market sentiment intensified pressure on India'... Read More


Chhattisgarh: 4 killed in massive house fire in Durg, State govt announces Rs.36 lakh total compensation

Durg, May 13 -- Four people died after a massive fire broke out at a house in Ward 4, under the Kumhari police station area of Durg, Chhattisgarh, on Tuesday. Durg SP Vijay Agrawal stated that the po... Read More


Tanzanian authorities seize industrial chemicals linked to drug production

Tanzania, May 13 -- Dar es Salaam. Tanzanian authorities have intercepted 66,048 litres of illicit precursor chemicals in a major anti-narcotics operation in Dar es Salaam, exposing what officials des... Read More


Transport Ministry names SGR, TAZARA the top priorities in its 2.872tri/- budget

DODOMA, May 13 -- Tanzanias Ministry of Transport has outlined eight priorities for the 2026/27 financial year aimed at strengthening the countrys transport infrastructure and services, including rail... Read More


Ranked 5th, transport sector contributes 7.5 percent of Tanzania's GDP

DODOMA, May 13 -- THE Minister for Transport, Professor Makame Mbarawa, has said that the transport sector has continued to play a key role in driving Tanzanias economy after contributing 7.5 percent ... Read More