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RBI urged to tighten banking norms after ICICI employee’s multi-crore FD fraud

Jun 6, 2025

New Delhi, June 6 (IANS) In wake of revelations that a female employee of ICICI Bank illegally withdrew crores of rupees from more than 100 customer accounts, including fixed deposits (FDs), financial experts have called on the Reserve Bank of India (RBI) to take stricter measures to address such loopholes in the banking system.Experts have…

India aims for joint rare earth mineral exploration with 5 Central Asian nations

Jun 6, 2025

New Delhi, June 6 (IANS) India and five Central Asian countries on Friday expressed interest in joint exploration of rare earth and critical minerals, as New Delhi aims to reduce dependence on shipments from China, which has curbed the…

Business

Trouble for Sinopec Oil Refinery in Sri Lanka’s Hambantota port

Jun 6, 2025

Colombo, June 6 (IANS) The proposed $3.7 million oil refinery to be built by China's Sinopec in Sri Lanka's Hambantota port is facing significant delays over multiple issues like dispute over equity structure, tax concessions, market…

Business

India, Denmark agree to boost green transition in maritime sector

Jun 6, 2025

Copenhagen, June 6 (IANS) India's Minister of Ports, Shipping and Waterways, Sarbananda Sonowal and Denmark’s Minister of Industry, Business and Financial Affairs, Morten Bodskov, on Friday agreed to strengthen the bilateral maritime…

Business

CAN Group Showcases Green Fuel Innovations at World Environment Expo 2025 in Greater Noida

Jun 6, 2025

The World Environment Expo (WEE) 2025 officially opened its doors at the India Expo Mart in Knowledge Park II, Greater Noida, drawing an impressive gathering of environmental innovators, entrepreneurs, policymakers, and industry leaders.…

Business

India’s forex kitty enough to fund over 11 months of imports: RBI chief

Jun 6, 2025

New Delhi, June 6 (IANS) India's foreign exchange reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay…

Business

PhysicsWallah’s acquisition of Drishti IAS called off: Report

Jun 6, 2025

New Delhi, June 6 (IANS) The much-talked-about acquisition of UPSC coaching institute Drishti IAS by edtech unicorn PhysicsWallah has reportedly been called off.The deal was in advanced stages but ultimately fell through due to multiple…

Business

ICEA, IT Ministry urge states to make India a component manufacturing hub

Jun 6, 2025

New Delhi, June 6 (IANS) States should work together and leverage Centre’s scheme for encouraging domestic manufacturing of electronic components to make India a global hub of components manufacturing, the India Cellular and Electronics…

Business

Elon Musk-run Starlink latest player to get DoT satcom licence in India

Jun 6, 2025

New Delhi, June 6 (IANS) Elon Musk-run affordable satellite internet service Starlink has finally received a satcom licence in India to offer its commercial services, possibly later this year or early next year.According to reliable…

Business

India’s FDI inflows now coming from 112 countries: Piyush Goyal

Jun 6, 2025

New Delhi, June 6 (IANS) Commerce and Industry Minister Piyush Goyal has said that India’s FDI inflows now originate from 112 countries, compared to 89 in 2013–14, underscoring the country’s rising global appeal.Addressing an investor…

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