If one looks in bits and pieces, it might not appear to be significant, but put all of them together and then one would realize that in the last two and half years, RBI has tightened each and every segment of the financial services industry. Whether it is housing finance, unsecured loan or gold loan, all of them have gone through an exercise where the bar of regulatory requirements has been raised. So, whether it is the requirement of the capital for a business or monitoring the end use for which the money is being raised.
Edelweiss Mutual Fund CEO Radhika Gupta has received an Honorary Doctorate of Literature and was invited as Chief Guest at the University of Gorakhpur commencement. She shared her happiness of receiving the honor in her home state of Uttar Pradesh, alongside her father. Gupta highlighted the development of Gorakhpur and the determination of its students.
Discover the fitness secrets of Bollywood stars like Alia Bhatt and Deepika Padukone. From yoga to high-intensity workouts, see how they stay in top shape.
A second sexual offence case has been filed against director Ranjith in Kerala based on a male actor's complaint. The actor alleges that Ranjith took his nude photos in 2012. Earlier, Ranjith faced similar allegations from a female actor. Multiple complaints have surfaced in the Malayalam film industry following a Justice K Hema Committee report.
Union Minister Gajendra Singh Shekhawat stated that India could become one of the world's top 10 tourism destinations within five years due to increased spending power and global interest. He highlighted the sector's growth potential and noted that 65 percent of inbound tourists come from seven Indian states, predicting domestic and international tourism will soon skyrocket.
The National Investigation Agency (NIA) has apprehended Aziz Ahamed at Bengaluru airport in connection with a plan to radicalise youths and establish an Islamic caliphate in India. Ahmed is accused of conducting secret sessions to spread extremist ideologies. The arrest comes as part of an ongoing case against six individuals influenced by Hizb-ut-Tahrir, a fundamentalist organization.
The U.S. faces pivotal events with the September FOMC meeting and November elections, influencing traditional and crypto markets. Bitcoin's highs and new ETFs signal mainstream acceptance, while Gen Z and Millennials push for crypto-friendly policies, impacting election dynamics and regulatory focus.
Chief Justice of India D Y Chandrachud has highlighted the importance of the district judiciary as the 'backbone of the judiciary' and called for ending the colonial mindset of referring to it as subordinate. He praised the increasing number of women joining the judiciary and the technological advancements improving court efficiency.
Lower interest rates, global bond inclusion, and increased demand from long-duration investors favor longer-duration assets. Investors should remain engaged in the falling rate cycle, Marzban Irani, CIO of Fixed Income at LIC Mutual Fund AMC, tells ETMarkets.
Due to new criteria, 18 stocks, including Abbott India and Metropolis Health, may be removed from the F&O segment, while 79 stocks are potential entrants. Final decisions rest with SEBI, with a review expected in December 2024.
Sanjay Roy, the primary accused in the Kolkata rape and murder case, has demanded egg chowmein instead of the usual jail food. Roy, a civic volunteer, was arrested after critical evidence linked him to the crime. The Central Bureau of Investigation is now handling the case following a Calcutta High Court order.
The crypto market is volatile, but certain cryptocurrencies have long-term potential. The article highlights five cryptocurrencies expected to rise in 2025, including Pepe Unchained, Crypto All-Stars, Base Dawgz, The Meme Games, and XRP. Each offers unique features like improved transaction speeds, staking rewards, multichain support, and the conclusion of Ripple's lawsuit with the SEC.
IAS officer Dharmendra has been appointed as Chief Secretary of the National Capital Territory of Delhi. The 1989 batch officer will take charge from September 1.
Delhi Police have arrested 19 individuals involved in cybercrimes, including online scams and fraudulent schemes. The operation spanned multiple states and led to significant financial recoveries. The crackdowns targeted online investment scams, fake customer care numbers, and impersonations. The arrests were part of a major effort to tackle cyber fraud across India.
A block on Elon Musk's X social network in Brazil started to take effect early Saturday after a Supreme Court judge ordered its suspension, according to AFP. Brazilian Supreme Court judge Alexandre de Moraes on Friday ordered the suspension of the platform following a months-long standoff with the tech billionaire over disinformation in South America's largest nation.
Nifty gained 1.6% weakly, but saw notable block deals totaling Rs 43,068 crore across large, mid, and smallcap stocks. Significant transactions included HDFC Bank at Rs 19,131 crore, Interglobe Aviation at Rs 12,033 crore, and others between Rs 240 crore and Rs 121 crore.
Prime Minister Narendra Modi addressed the National Conference of District Judiciary marking 75 years of the Supreme Court. Modi lauded the judiciary's role, emphasised the importance of swift justice, and highlighted the advancements in judicial infrastructure and technology. He also talked about new criminal laws aiming for citizen-centric justice and overcoming colonial legacies. The event underscores the need for technological adoption in courts for a future-ready system.
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