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Banks, NBFCs well-placed, says Moody's

STATING that the credit quality in the country's financial system has improved in recent years with record-high profitability of over ₹3 trillion in FY24, low delinquencies and domestic-oriented funding underpinning stable credit ratings, the system is well-placed to ride on the strong economic growth going ahead with strong credit growth.

Free-look period in insurance products increased to 30 days

THE Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for life insurance savings products to have option of loan against the policy in order to allow policyholders to meet liquidity requirements.

India will require $215 bn to reach target of 500 GW renewable energy by '30

INDIA will require $190 billion-$215 billion of investment over the next seven years to achieve the target of 500 gigawatts (GW) of renewable energy capacity by 2030, according to Moody's report.

IFSC to finalise direct listing norms by early July

THE final rules for direct listing of public companies on the Gift City exchanges will be ready early next month and the first public float may take place within a quarter from there, the International Financial Services Centres Authority chairman K Rajaraman has said.

Hamas wants changes to truce plan

US Secretary of State Anthony Blinken says some proposals are workable and some not

Saudi expects 1.8 m Muslims arriving in Mecca for annual Haj pilgrimage

MUSLIM pilgrims have been streaming into Saudi Arabia's holy city of Mecca ahead of the start of the Haj later this week, as the annual pilgrimage returns to its monumental scale.

Israel, Palestinian militants committed gender crimes

UN-backed human rights experts say in a report issued on Wednesday that Israeli forces and Palestinian militants engaged in sexual and gender-based violence during the first months of the IsraelHamas war.

Pakistan def spending for the year jumps by nearly 15%

PAKISTAN on Wednesday announced a nearly 15% hike in its defence spending and allocated Rs 2,122 billion in the 2024-25 budget, marking a significant increase from last year amidst strenuous efforts to secure a fresh loan from the IMF to meet the cash-strapped nation's external liabilities.

Hong Kong cancels passports of 6 activists abroad

THE Hong Kong government on Wednesday canceled the passports of six overseas-based activists under the new national security law, stepping up its crackdown on dissidents who moved abroad.

Chinese e-car imports to attract tariff hike: EU

THE European Union on Wednesday moved to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers.

After SC nudge, Imran Khan agrees to talks with Pak govt

PAKISTAN's jailed former prime minister Imran Khan in an apparent U-turn has given the green light for talks with the government to ease the ongoing political tension, days after refusing to have a dialogue with the ruling coalition.

C'garh mulls recovering damages from protestors as new DM, SP join work

THE Chhattisgarh government is mulling to recover huge losses caused by damage to composite government buildings and public properties during the violence and arson carried out by crowd ostensibly belonging to the Satnami community in Baloda Bazar district, about 75 km from the state capital.

Raj sops to raise student uptake in schools

FOLLOWING the lifting of the code of conduct, the newly formed Bhajanlal government in Rajasthan is taking proactive steps to improve education for economically deprived children.

BJP likely to gain as Cong tally down in Upper House

With 2 Cong MPs elected to LS, party's strength comes down to 26

Assam Rifles lauds Lt Gen Dwivedi's appointment as Chief of Army Staff

THE confirmation of Lieutenant General (Lt Gen) Upendra Dwivedi's appointment as the next Indian Army Chief has come as a matter of joy for Assam Rifles, as he has had a couple of illustrious stints with the oldest paramilitary force raised in the country, in 1835.

Onion prices may soar again if procurement lags

ONION prices are likely to soar if government does not intervene and accelerate procurement, say experts and traders' associations.

Chilling details of murder tumble out

INVESTIGATIONS into the murder of Chitradurga pharmacy worker KS Renukaswamy, 33, in which actor Darshan and 12 others have been arrested, have revealed that the four accused, who had surrendered before the police, were offered ₹20 lakh to ensure that the actor's name doesn't come up in the case.

2 suspended for denying patient stretcher at GH

TWO attenders of the Erode government hospital have been suspended for not providing a stretcher to a 75-year-old patient.

VCK & CPI stage road roko over sewage gas leak deaths in Pondy

PROTESTS continued in Puducherry for the second day after three persons from Pudhu Nagar had died due to inhaling toxic gas leaked from underground sewer lines on Tuesday.

'Sale of residential units in city drops by 44% in two quarters'

THE Confederation of Real Estate Developers' Associations of India (CREDAI) has raised concern over the sales of residential units across the city dipping by 44% over the last two quarters, and blamed it on the frequent changes in registration charges and a lack of clear directives regarding under-construction projects.

Terra to launch EV charging station in city soon

AFTER vowing to invest ₹50 crore to boost charging infrastructure in Tamil Nadu during the Global Investor Meet, Japanese charging point operator Terra is all set to launch the first of its five charging stations in the next two to three months in Chennai.

Farmers to benefit as CM rolls out scheme to preserve soil fertility

₹20 crore earmarked for the distribution of green manure seeds to cover ₹2 lakh acres of land, benefitting ₹2 lakh farmers in the state

TN seeks Finland's help to set up quantum computing centre

THE state government is in talks with Finland and is seeking its help in setting up a quantum computing centre in Tamil Nadu, sources in the government said in the backdrop of CM MK Stalin's meeting with Finland ambassador Kimmo Lahdevirta on Tuesday.

DMK's 40 seats are a protective shield for Indian democracy: CM

CHIEF Minister MK Stalin responded on Wednesday to criticisms from BJP supporters that the DMK-led alliance bagging all 40 seats in Tamil Nadu and Puducherry held no benefit since they lacked participation in Union government.

Now, farmers, pottery workers can take alluvial soil, clay free of cost

CHIEF Minister MK Stalin on Wednesday allowed farmers and pottery workers to take alluvial soil (vandalmann) and clay (kaliman) from water sources like irrigation tanks, ponds, canals, lakes, etc to take these soils from the water sources maintained by the public works and rural development departments free of cost.

AMMK won't be merged with AIADMK: TTV

THERE is no possibility of the AMMK merging with the AIADMK as the reasons for which the former was floated remain, said party general secretary TTV Dhinakaran on Wednesday.

Stranded Lankan fishers rescued off Vedaranyam coast in CSG custody

A group of fishersmen from the district on Wednesday rescued two Sri Lankan fishermen who were allegedly stranded at sea following a boat snag.

Workers who opted for VRS asked to vacate estate quarters by August 7

IN a notice sent to the tea estate workers of Manjolai Hills on Wednesday, the Bombay Burmah Trading Corporation Limited has asked those who have sought voluntary retirement to vacate their quarters at the estate by August 7.

Amit Shah's on-stage chat with Tamilisai raises many eyebrows

UNION Home Minister Amit Shah's conversation on stage with former governor of Telangana Tamilisai Soundararajan, which appeared as if the former is conveying something firmly to the latter, at the swearing-in ceremony of Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday caused ripples in political circles and social media.

Lawyer murdered on busy Thiruvanmiyur street

A 31-year-old lawyer was hacked to death allegedly by three men on a busy street in Thiruvanmiyur on Tuesday evening.