OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters.
SpiceJet will temporarily furlough 150 cabin crew members for three months due to a lean travel season and reduced fleet size. The airline aims to ensure long-term stability while retaining health benefits and earned leave for these employees. SpiceJet is also under enhanced DGCA surveillance following a special audit conducted in August 2024.
Karan Johar, a prominent Bollywood figure, has signed a 3-year lease for a duplex apartment in Mumbai's exclusive Bandra west area. The monthly rent for the apartment in Pali Hill’s Union Park will start at Rs 8.10 lakh and increase to Rs 8.93 lakh by the third year. The total cost over 36 months will exceed Rs 3.06 crore. This mirrors the strong demand for luxury rentals in the city's prime locations.
The Reserve Bank's regulatory measures are influencing commercial banks' lending patterns. Loans to industry and agriculture have grown significantly in July 2024, while credit to services and retail sectors has slowed. Credit to housing accelerated despite a moderation in unsecured and vehicle loans.
In an interview with CNN, Vice President Kamala Harris talked about how her views on policy have shifted while stressing that her fundamental principles have not altered. She addressed Middle East policy concerns while outlining her intentions if elected and reiterating her support for President Biden.
The Mumbai bench of NCLT has approved the merger of RIL's Viacom 18 and The Walt Disney's Star India, creating the largest media house in India. This follows the Competition Commission of India's approval. Reliance will hold a 63.16% stake, while Walt Disney will hold 36.84%. The venture will include two leading OTT platforms and 120 TV channels.
The Reserve Bank of India has levied penalties on two banks: Rs 2.68 crore on UCO Bank for violating rules on current accounts, interest on deposits, and fraud classification, and Rs 2.1 lakh on Cent Bank Home Finance Ltd for not complying with KYC regulations. These penalties underline regulatory compliance without affecting the validity of customer transactions.
During their uncle Lord Robert Fellowes's funeral in Norfolk, Prince William and Prince Harry discreetly got back together.
The Japanese government has abandoned a plan to offer cash payouts and train tickets to encourage Tokyo women to marry and relocate to rural areas. The proposal met with criticism on social media and raised concerns over gender inequality. The scheme aimed to address the rural depopulation crisis by reducing the countryside gender gap.
Capital markets regulator Sebi on Friday proposed changes to the informal guidance scheme to expand the list of applicants that can seek guidance under the plan and enhance the fee for making an application.
Hitachi Payment Services has unveiled India's first Android-based cash recycling machine in partnership with NPCI at the Global Fintech Festival 2024. The Android-based cash recycling machine acts as a digital banking unit, providing a one-stop solution for various banking needs. What is the Android-based cash recycling machine? How will it ease your banking experience? Read here to find out.
Ace shooter Manu Bhaker's pistol malfunction during the Tokyo Olympics has led PCI to require all 10 para shooters at the Paris Paralympics to carry backup weapons. This decision aims to ensure they are prepared for any unforeseen issues, improving their chances of success. Para rifle shooter Avani Lekhara and other team members are fully equipped for the event.
Zydus Lifesciences received a warning letter from the USFDA regarding its injectables manufacturing facility at Jarod, following an inspection in April 2024. The letter cites violations of cGMP regulations. Zydus must respond within 15 days and take remedial action. The warning limits new product launches, impacting business growth in the US market.
National Security Advisor Ajit Doval, along with representatives from the Maldives, Mauritius, and Sri Lanka, signed the Charter and MoU to establish the Colombo Security Conclave Secretariat. This platform aims to enhance regional security by addressing transnational threats and common challenges, focusing on maritime security, counter-terrorism, and cyber security. The signing marks a milestone in regional cooperation efforts under the CSC's roadmap.
Brainbees Solutions, which operates FirstCry brand, on Friday reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024 from Rs 90 crore reported by the company in the year ago period.
Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.
A Danish court has denied India’s extradition request for Niels Holck, involved in a 1995 weapons smuggling case, due to human rights concerns. India's appeal of the decision follows Holck’s admission of his involvement in the case. The court ruled that his safety couldn't be guaranteed in India.
India's fiscal deficit in the first four months of FY25 reached 17.2% of the annual target, a decrease from 33.9% a year earlier. The government recorded net tax receipts of 7.15 trillion rupees and expenditure of 13 trillion rupees, while capital expenditure stood at 2.61 trillion rupees.
Avani Lekhara, a 22-year-old para shooter from India, made history by winning her second Paralympic gold medal in the women's 10m air rifle (SH1) event. Alongside her, Mona Agarwal won a bronze medal in the same event. Despite being paralyzed below the waist due to a car accident at age 11, Avani's remarkable journey saw her achieve milestones in national and international para shooting competitions.
X was still working normally in Brazil on Friday morning, but the platform said on Thursday that it expected Supreme Court Justice Alexandre de Moraes to order a shutdown "soon," after a court-imposed deadline for the company to identify a legal representative in Brazil expired.
Kamala Harris's campaign has increased its critique of Donald Trump with a video featuring chicken sounds over footage of Trump discussing the upcoming presidential debate. Trump has questioned his participation due to issues with the hosting network ABC. Harris currently leads Trump in polls by a narrow margin.
The Supreme Court has ordered West Bengal Police to file charges against a bank's recovery agent firm that wrongfully seized and damaged a bus despite loan settlement. Bank of India is directed to recover compensation from the agent firm. Compensation was ordered following non-return of the vehicle to the loanee.
Avani Lekhara, India's para shooting star from Jaipur, overcame a life-changing accident to win double Paralympic gold. She's also pursuing a law degree.
Motilal Oswal maintains a ‘buy on dip’ stance for gold, predicting support at Rs. 69,500 and targets of Rs. 76,000. Despite volatility from geopolitical tensions and economic uncertainties, gold's role as a safe-haven asset remains strong in 2024.
