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Banks rush for global ratings as FCNR (B) fund-raising gains momentum

New Delhi, July 9 -- Indian banks are increasingly seeking international credit ratings as they prepare to tap overseas funding markets and attract foreign-currency deposits, particularly through FCNR... Read More


Second Reading of Prevention of Money Laundering (Amendment) Bill passed

Srilanka, July 9 -- The Second Reading of the Prevention of Money Laundering (Amendment) Bill was passed in Parliament with a special majority this evening (09). The bill was passed with 154 votin... Read More


Canadian Dollar Drops As Crude Oil Prices Slip

India, July 9 -- The Canadian dollar weakened against other major currencies in the European session on Thursday, as the crude oil prices slipped due to increased geopolitical concerns in the Middle E... Read More


U.S.-Iran Escalation Puts Gulf Aviation and Tourism Confidence at Risk as Airlines Face New Security Challenge

US, July 9 -- The fragile ceasefire between the United States and Iran appears to be under severe strain after a new exchange of attacks, raising fresh questions for Gulf civil aviation, tourism confi... Read More


Businessman fined Rs. 2.1 mln for selling jewellery crafted with animal body parts

Srilanka, July 9 -- A businessman who had operated a store selling jewellery, ornaments and trinkets crafted using the body parts of protected wild animals to local and foreign tourists, has been fine... Read More


Axis Direct Issues Investor Advisory Against Fake Trading Groups and Impersonation Fraud

Mumbai, July 9 -- Axis Direct, the retail broking brand of Axis Securities Limited, a subsidiary of Axis Bank, one of India's leading private sector banks, has issued an investor advisory cautioning... Read More


Beira Lake clean-up project to be launched

Srilanka, July 9 -- A special technical project to clean the Beira Lake by introducing seawater into the lake is set to be launched as an immediate and short-term solution. Sri Lankan business tyc... Read More


Amnesty urges probe into deaths of Negombo prisoners transferred after clashes

Srilanka, July 9 -- Responding to reports that two prisoners have died after being transferred from Negombo prison following violence earlier this week that left at least 28 people dead including at l... Read More


Court orders destruction of 1,740kg dhal unfit for human consumption

Srilanka, July 9 -- The Hatton Magistrate's Court has ordered the destruction of 1,740 kilograms of dhal deemed unfit for human consumption and seized during an operation in Kotagala. The stock of... Read More


Cabinet subcommittee reviews development plans for 25 technical colleges

Srilanka, July 9 -- The third meeting of the Cabinet subcommittee appointed to develop 25 Technical and Vocational Colleges under the Department of Technical Education and Training was held today (09)... Read More