MUMBAI : India achieved its target of blending up to 20% ethanol into petrol in March 2025—five years ahead of the 2030 deadline. Now, the government has grown more ambitious: It wants to blend more ethanol into petrol. But why is India using more ethanol-blended petrol like E20? How does it affect our vehicles? Most…
India’s banking regulator, the Reserve Bank of India (RBI), on Wednesday, 23 July 2025, cancelled the licence of the Karnataka-based Karwar Urban Co-operative Bank due to the institutional lender’s lack of earning prospects. “The Reserve Bank of India (RBI), vide order dated July 22, 2025, has cancelled the licence of The Karwar Urban Co-operative Bank…
Both banks are scheduled to declare results on Saturday. The sector-wide margin pressure stems from the 100 basis point cumulative rate cut by the Reserve Bank of India between February and June. With 40–60% of loan portfolios linked to external benchmarks such as the repo rate, lending rates have declined faster than deposit rates, which…
(Bloomberg) — Movie and TV filming in the Los Angeles area declined 6.2% in the second quarter, an improvement from a 22% slump earlier in the year, but still indicative of the challenges California faces in competing for the business with other states and countries. Television production, the biggest part of the industry, rose 17%,…
WAU, South Sudan (AP) — From Rwanda to Kenya, fashioning footwear from discarded tires has long been a mark of local ingenuity. In South Sudan, however, the creative work of such artisans is now fueled by an economic crisis that has left the government on the verge of bankruptcy and many people struggling to put…
Bank Holiday Today: Banks across India, except those in Tripura, will be open on Saturday, July 19, since it is the third Saturday of the month. Banks in Tripura will remain closed today, 19 July, due to celebration of Ker Puja. What are the typical bank holidays? There are bank holidays across India on the…
In a report released this month, the Financial Action Task Force (FATF)—the global watchdog on money laundering and terrorist financing—raised concerns about how virtual private networks (VPNs) are being misused to facilitate terror financing and evade surveillance. A VPN is a way to access the internet without revealing your IP address or leaving behind a…
Bengaluru: Shruti Pai, founder and director of Sagework Design, has bought a luxury duplex for ₹64 crore in a boutique condominium complex in Bengaluru in one of the most expensive residential deals in the city. The 12,800 square foot apartment is spread across two floors in a project named Savyasachi Sarayu in the Jayamahal Extension…
New Delhi: India’s FMCG market grew 4.6% in June compared to a year ago, despite a challenging environment, according to retail intelligence platform Bizom. “June 2025 proved challenging not only for summer products but for the entire FMCG sector. Despite these headwinds, the market still managed a 4.6% growth during the month,” according to the…
New Delhi: The government on Tuesday said that the gross non-performing assets (NPA) ratio of public sector banks (PSBs) has declined from 9.11% in March 2021 to 2.58% in March 2025, marking a consistent improvement over the past five financial years. In a written reply to a question in the Rajya Sabha, minister of state…