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The Haryana government had decided last month to hand over the probe to the central agency, they said. "We are in the process of taking over," an official in the know of the development said, adding that an FIR will be registered soon on the basis of the case registered by the Haryana State Vigilance and Anti-Corruption Bureau FIR. According to the IDFC First Bank, the alleged ₹590-crore fraud was committed by its employees and others in accounts held by the Haryana government with the privat ...Read More >
Prime Minister Narendra Modi on Thursday referred to chief minister Mamata Banerjee's loss in Nandigram in the 2021 West Bengal assembly elections and said the same would be repeated in Bhabanipur, her constituency in Kolkata, and the rest of the state on the cusp of change after 15 years of Trinamool Congress (TMC) rule. "Nandigram in East Midnapore showed the path for change five years ago. Now, the entire West Bengal has started walking in that direction. The feat, which Nandigram achieved f ...Read More >
Chandigarh, Apr 9 (PTI) The Haryana government has suspended two officers of the Indian Administrative Service (IAS) with immediate effect. In two separate orders issued on Wednesday, the government placed Ram Kumar Singh and Pardeep Kumar under suspension with immediate effect. While no reason was given for their suspension, sources said the action was linked to the ongoing probe into the Rs 590-crore IDFC First Bank fraud case. During the suspension period, both officers -- promoted from the ...Read More >
New Delhi: A protracted conflict in the Middle East could push Bangladesh's inflation higher, widen the current‑account deficit, weaker exports, lower remittances and reduce fiscal space as energy subsidies rise, a new report has said. The latest Bangladesh Development Update projects growth to slow to 3.9 per cent in FY26, World Bank said. Bangladesh's economy also faces rising poverty, persistent inflation, stressed banking sector, weak revenue mobilization, and subdued private investment, c ...Read More >
New Delhi, April 9: Railways are set to play a key role in driving India's economic growth as the country targets a freight capacity of 3,000 million tonnes by 2030, a report has said. As per the ASSOCHAM-AESCLA report, railways currently account for up to 30 per cent of freight movement, indicating substantial growth potential. It highlighted that the sector is undergoing rapid transformation, driven by initiatives such as Dedicated Freight Corridors and near-complete electrification, which ar ...Read More >
Haldia (West Bengal) [India], April 9 (ANI): Prime Minister Narendra Modi on Thursday termed the Trinamool Congress regime as a "syndicate-driven" government, where any developmental work or investment cannot be carried forward without "cut money or commission." Addressing a public rally here, the Prime Minister reflected on the "development" in the other BJP-ruled states, expressing confidence that same can be achieved by West Bengal if the party comes to power. "TMC has run a syndicate-drive ...Read More >
HYDERABAD: Chief Minister A Revanth Reddy on Wednesday said that the companies, which benefit from local infrastructure and resources, should allocate a significant portion of their Corporate Social Responsibility (CSR) funds for the development of regions they operate in. During a meeting with the representatives of companies, the chief minister highlighted the need for a structured approach, stating that the government has appointed a dedicated special chief secretary to streamline CSR fund u ...Read More >
Kolkata, Apr 8 (PTI) Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that Indian Rupee is expected to stabilise at the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. Dev said the currency had faced pressure due to global uncertainties, including the recent conflict between the United States ...Read More >
External affairs minister S Jaishankar will visit Mauritius and the United Arab Emirates (UAE) this week to bolster bilateral relations. Jaishankar will travel to Mauritius on April 9-10 to participate in the Indian Ocean Conference and deliver the keynote address, the external affairs ministry said on Wednesday. Jaishankar will meet the leadership of Mauritius and review the entire spectrum of bilateral ties. He is also expected to hold discussions with counterparts from other participating n ...Read More >
New Delhi [India], April 8 (ANI): Union Minister of State for Science and Technology Jitendra Singh, on Wednesday, lauded the National Quantum Mission for achieving a 1,000 km secure communication milestone in less than three years. "The "National Quantum Mission" launched by PM @NarendraModi in 2023, has achieved 1,000 km secure communication milestone in less than 3 years, even though it's target was to achieve 2,000 km secure communication capability in 8 years," said Singh. Also Read | Ind ...Read More >
Hyderabad, Apr 8 (PTI) Observing that the Telangana government is giving priority to education, health and water resources, Chief Minister A Revanth Reddy on Wednesday urged corporate companies to choose either one of these sectors or any other sector of their choice to spend their CSR funds. Reddy, who held a meeting with representatives of corporates here, said they should not see Corporate Social Responsibility (CSR) as an expenditure but as a partnership in societal development. Since the ...Read More >
New Delhi [India], April 8 (ANI): Union Minister of State for Science and Technology Jitendra Singh, on Wednesday, lauded the National Quantum Mission for achieving a 1,000 km secure communication milestone in less than three years. "The "National Quantum Mission" launched by PM @NarendraModi in 2023, has achieved 1,000 km secure communication milestone in less than 3 years, even though it's target was to achieve 2,000 km secure communication capability in 8 years," said Singh. In a post on X, ...Read More >
New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday said HDFC Bank's board meeting minutes and other records are studied as part of supervision exercise, and reiterated that the largest private sector lender has not been found wanting on ethics and governance. "I would like to reiterate that at no point during our supervision or after examining their records did any governance or conduct-related material issue come to our notice. Under our regular supervision, board minutes are also reviewed. Cop ...Read More >
New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >
Kolkata, Apr 8 (PTI) The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that the Indian Rupee is expected to stabilise around the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. He also said that India must sustain 7-8 per cent growth and reforms to achieve developed nation status by 2047, ...Read More >
New Delhi: The government on Wednesday said that India currently has sufficient coal stocks at mines, with enough fuel available to meet power generation demand. Joint Secretary, Ministry of Coal, Sanjeev Kumar Kassi, said during an inter-ministerial briefing on recent developments in West Asia, that the government has asked coal companies to ensure adequate supply amid global uncertainties. The ministry has issued guidance to coal producers to keep supplies steady despite rising input costs, ...Read More >
The Public Works Department (PWD) has partnered under Corporate Social Responsibility (CSR) initiatives with Dalmia Bharat Limited, Godrej Industries Group and EaseMyTrip Foundation to execute this project, officials said. EaseMyTrip Foundation will redevelop the Apsara Border flyover stretch (from the MCD toll tax booth to the UP border, 800 metres) and the Mayur Vihar Phase-1 flyover (from Kanain Road cut to Samachar Apartments, 820 metres). Godrej Industries Group will develop the Netaji Su ...Read More >
US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick on Tuesday. US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Gor said he discussed with Lutnick a new Memorandum of Understanding that seeks to connect India's AI scale with the American AI ecosystem and also strong participation from New Delhi in ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday estimated India's real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks from geopolitical disruptions. The FY26 growth reflects resilience supported by strong services activity, manufacturing expansion and robust domestic demand. For FY27, the Central Bank has projected growth at 6.9 per cent, indicating a moderation as external risks and cost pressures begin to build, said ...Read More >
U.S. envoy to India Sergio Gor met U.S. Commerce Secretary Howard Lutnick here and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Mr. Gor said he discussed with Mr. Lutnick a new Memorandum of Understanding that seeks to connect India's AI scale with the American AI ecosystem and also strong participation from New Delhi in the upcoming SelectUSA Summit near here. "Productive meeting with ...Read More >
Mumbai, Apr 7 (PTI) Finance industry veteran Uday Kotak on Tuesday cautioned that the West Asia conflict triggered by the US-Israel attack on Iran portends a return of colonialism. Kotak, a non-independent director and founder of private sector lender Kotak Mahindra Bank, said this phase was last seen in the early years of the 20th century. "We are at a very important cusp of what I call as return of global colonialism, something which Federation of Indian Chambers of Commerce and Industry (FI ...Read More >
Air India's chief executive officer Campbell Wilson has resigned as the airline deals with challenges, including financial losses and the aftermath of a deadly crash last year that killed 260 people. Wilson, whose term was set to end in 2027, will stay in the role until a successor is appointed, Air India said. A former Singapore Airlines executive, Wilson was brought in to lead a turnaround after Tata Group bought Air India from the Indian government in 2022 following years of losses. During ...Read More >
New Delhi: Air India Chief Executive Officer and Managing Director, Mr Campbell Wilson on Tuesday resigned from his post. He will remain in the role until his successor is announced and in place. Air India is a statement said that Mr Wilson had conveyed his intention to step down in 2026 to Air India Chairman N. Chandrasekaran in 2024 itself and, since then, he has been working to ensure the organization and leadership team is on a stable footing for the transition. In a message to the Air Ind ...Read More >
Mumbai, Apr 7 (PTI) Tata Group-owned Air India on Tuesday announced that its CEO and MD Campbell Wilson has resigned and the airline has set up a committee to find his successor. Wilson, a native of New Zealand and a former Singapore Airlines' veteran, has been at the helm of the airline for four years as Chief Executive Officer and Managing Director. "Wilson had conveyed his intention to step down in 2026 to Air India Chairman N Chandrasekaran in 2024 and, since then, has been working to ensu ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Bank credit in India is expected to grow around 13 per cent in the current fiscal, slightly slower than the estimated 14 per cent growth in FY26, according to a report by CRISIL Ratings. The report said the growth will be supported mainly by strong demand from the retail and micro, small and medium enterprise (MSME) segments, along with corporates continuing to prefer bank loans over bond issuances. Also Read | Vivo X300 Ultra Review: Flagship Featu ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Bank credit in India is expected to grow around 13 per cent in the current fiscal, slightly slower than the estimated 14 per cent growth in FY26, according to a report by CRISIL Ratings. The report said the growth will be supported mainly by strong demand from the retail and micro, small and medium enterprise (MSME) segments, along with corporates continuing to prefer bank loans over bond issuances. "Bank credit is poised to grow ~13% this fiscal, d ...Read More >
Mumbai, Apr 7 (PTI) Air India CEO and Managing Director Campbell Wilson on Tuesday told the staff that it was the right time to hand over the reins for the airline's next phase of growth. Wilson, who has decided to resign, has been at the helm for four years since mid-2022 and will remain with the airline to ensure a smooth succession. "I am incredibly proud of what you have achieved, especially in the face of unprecedented headwinds in the form of aircraft delivery and supply chain challenges ...Read More >
New Delhi: Air India on Tuesday confirmed the resignation of Chief Executive Officer and Managing Director, Campbell Wilson. In an official statement, the airline said that a committee has been constituted to find the successor in the coming months. "Wilson had conveyed his intention to step down in 2026 to Air India Chairman N. Chandrasekaran in 2024 and, since then, has been working to ensure the organisation and leadership team is on a stable footing for the transition," the airline stated. ...Read More >
Mumbai: The rupee marginally climbed Monday after a session of range-bound trading in which dollar sales through unwinding of arbitrage positions by lenders ahead of the regulator-set April 10 deadline was met with demand for the US currency from importers and oil companies. The rupee ended Monday at 93.06/$, versus its Thursday close of 93.10/$. The rupee traded in the 92.80/$ to 93.10/$ range Monday amid unwinding of arbitrage trades by banks. "At these levels, dollar demand surged after oil ...Read More >
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