State-run banks to mop up ₹55K crore this fiscal
The New Indian Express|December 05, 2024
PUBLIC sector banks have chalked out major debt-fund raising plans to the tune of ₹54,800 crore by selling additional tier-1 (AT-1) and tier-2 bonds in the remainder of the current financial year to shore up their regulatory capital or core capital.
State-run banks to mop up ₹55K crore this fiscal

Of this, they have already raised ₹31,500 crore, as per sources.

If materialised, as they need to get the go-ahead from the finance ministry, they will be mopping up 37% more than what they had done so in FY24 of ₹39,880 crore.

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25 more hospitalised after suspected water contamination
The New Indian Express

25 more hospitalised after suspected water contamination

TWENTY-FIVE more residents from Pallavaram and the Cantonment area have been admitted as inpatients at Chromepet Government Hospital with symptoms including vomiting and diarrhoea, in connection with the suspected drinking water contamination in the area which killed two persons.

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1 min  |
December 07, 2024
Student's mobile number blurred in Amaran, say producers
The New Indian Express

Student's mobile number blurred in Amaran, say producers

THE producers of Sivakarthikeyan-starrer Amaran movie on Friday informed the Madras HC that the scenes depicting the mobile number of an engineering student were modified and a fresh certificate from the Central Board for Film Certification (CBFC) was received.

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1 min  |
December 07, 2024
Prof ousted from service for sexually harassing scholar
The New Indian Express

Prof ousted from service for sexually harassing scholar

A PhD research scholar who was mentally, emotionally and sexually harassed by her research guide six years ago, finally received justice as the Madurai Bench of the Madras High Court recently upheld the decision made by the university to discharge the professor from service on compulsory retirement and further ordered the professor to pay ₹50,000 cost to the scholar.

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1 min  |
December 07, 2024
The New Indian Express

HC allows EPS & Sasi to be grilled in Kodanad case

IN a significant order in the 2017 Kodanad heist-cum-murder case, which may have political ramifications, the Madras High Court has permitted examination of former Chief Minister and AIADMK general secretary Edappadi K Palaniswami, VK Sasikala, former close aide of late Chief Minister J Jayalalithaa, and six others as defence witnesses in the trial court as they are familiar with the Kodanad bungalow and their examination is vital for bringing out the truth.

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1 min  |
December 07, 2024
RBI holds rates again to keep inflation down
The New Indian Express

RBI holds rates again to keep inflation down

In balancing act, cuts cash reserve ratio and frees up ₹1.16 lakh crore to support growth

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1 min  |
December 07, 2024
The New Indian Express

Class XII boy shoots school principal dead in MP district

IN a horrific incident, the principal of a government school was allegedly shot dead by a Class XII student on the school premises in Chhatarpur district of Madhya Pradesh on Friday.

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1 min  |
December 07, 2024
The Great Wall Of India-China Agreements
The New Indian Express

The Great Wall Of India-China Agreements

First came decades of talks and pacts starting in 1993. Then came a 54-month standoff. Now that a new beginning is being signaled, what happens to the earlier covenants?

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4 mins  |
December 06, 2024
Scientists Discover Fast-Growing Glacier
The New Indian Express

Scientists Discover Fast-Growing Glacier

A group of scientists recently discovered a new glacier in Uttarakhand that was found to be rapidly expanding in size.

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1 min  |
December 06, 2024
Bitcoin Beats Regulatory Hurdles, Hits $100k Level
The New Indian Express

Bitcoin Beats Regulatory Hurdles, Hits $100k Level

DESPITE regulatory uncertainties around the globe, Bitcoin prices on Thursday breached the psychologically important level of $100,000, surging nearly 133% over the last one year.

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1 min  |
December 06, 2024
AI can help slash healthcare spending by $360 billion
The New Indian Express

AI can help slash healthcare spending by $360 billion

Artificial intelligence (AI)-based healthcare breakthroughs that support and enhance the capabilities of healthcare practitioners have now become a necessity.

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2 mins  |
December 06, 2024