MUMBAI: RBI deputy governor Swaminathan J has expressed concern that a significant number of customer grievances that are ultimately resolved in favour of the customer by RBI’s integrated ombudsman were never referred to the bank’s internal ombudsman in the first place.Highlighting this as a lapse on the part of bank, Swaminathan said that “This is…
NEW DELHI: IndiGo on Monday placed a record order for over 1,000 engines for its 510 Airbus A320neo family of aircraft. Original equipment manufacturers (OEM) and airlines don’t disclose the deal size as the price is negotiated with the customer, but based on the list price, the cost of the engines is around $14.5 billion….
MUMBAI: RBI has said $20.7 billion has been raised through its concessional swap facility for FCNR(B) deposits, OFCBs and ECBs till July 17, reflecting investor interest after the scheme was announced on June 5 and operationalised from June 8 to boost the balance of payments and attract capital inflows. The collection is almost twice the…
Reserve Bank of India’s special swap facility to attract foreign currency brought in $20.72 billion till July 17, with most of the money coming through Foreign Currency Non-Resident (Bank), or FCNR(B), deposits.The RBI said on Monday that the concessional swap scheme has seen steady foreign exchange inflows since it was launched on June 8, 2026….
Saudi Arabia has rerouted its crude exports through the Red Sea port of Yanbu after Hormuz disruptions. (Satellite image of Bab-el-Mandeb Strait – source Reuters) After the Strait of Hormuz disruptions, a fresh threat to the world’s oil supply has emerged with the Iran-backed Houthi movement in Yemen announcing a maritime blockade against Saudi Arabia….
Civil Aviation Minister Naidu The Directorate General of Civil Aviation (DGCA) is developing a digital platform on the eGCA portal for reporting aviation incidents, a move aimed at making the submission and processing of mandatory occurrence reports faster and more efficient.The initiative, intended to strengthen the country’s aviation safety oversight, was announced by civil aviation…
AI-linked stocks have faced sustained selling pressure in recent weeks amid concerns that valuations had risen too rapidly. US stock market today: Wall Street rebounded on Monday as shares of chipmakers and other companies that have benefited from the artificial intelligence boom recovered after recent sharp declines.The S&P 500 advanced 0.6%, following its first weekly…
Shipments of these key industrial components to the US during the first six months of the year were roughly 20% lower than the average recorded between 2022 and 2024. (Reuters photo) China’s exports of rare-earth magnets to the United States continue to remain significantly below levels recorded before the trade conflict, despite the truce reached…
After weeks of easing fuel costs, average petrol prices in the United States have climbed back to $4 per gallon, driven by the recent flare-up in the Middle East and rising tensions between the US and Iran. According to motor club federation AAA, the national average price of regular gasoline stood at $4 per gallon…
NSE Indices said the launch represents another addition to its expanding portfolio of index offerings. (ANI photo) NSE Indices Limited, the index services arm of the National Stock Exchange (NSE), has introduced the Nifty500 Ahimsa Index, a thematic benchmark designed to track companies from the Nifty 500 universe whose business operations are aligned with the…
To begin with, bullet trains will be capable of operating at speeds exceeding 250 kmph and will have a design speed of 280 kmph. India’s first bullet train project is likely to see the launch of its first high-speed train in 2027. India and Japan have jointly decided to operate indigenous bullet trains equipped with…
Expanding the use of ethanol as a cooking fuel could help India lower its reliance on LPG and reduce its growing fuel import bill. (ANI photo) Ethanol may soon make its way to your kitchen as a cooking fuel. Even as debate rages on the impact of E20 petrol, the Ministry of Petroleum and Natural…
