Spread the love MUMBAI: Bank of Baroda has agreed to pay $600 million (about Rs 5,700 crore) to the administrators of the collapsed West Asian healthcare group NMC Health in an out-of-court settlement that brings to a close years of cross-border insolvency and fraud-related litigation, with both sides making no admission of liability and courts in Abu Dhabi Global Market...
‘Minor’ drop in mileage of vehicles due to E20, says Hardeep Singh Puri
Spread the love Hardeep Singh Puri NEW DELHI: Seeking to allay public fears over ethanol-blended fuel, petroleum minister Hardeep Singh Puri Thursday said a “make-believe” narrative had been unleashed on social media over the past few days.Addressing a press conference, the minister said the reduction in mileage of an E20-fuelled vehicle is “minor”. “It is well established that when you...
PM Modi, Japan’s Sanae Takaichi push for early Quad meet
Spread the love PM Modi with Japanese counterpart Sanae Takaichi (ANI photo) NEW DELHI: PM Narendra Modi and his Japanese counterpart Sanae Takaichi reaffirmed their commitment to an early convening of the next Quad Leaders’ Summit and underlined the importance of ensuring unimpeded freedom of navigation through the Strait of Hormuz in a joint statement.With both countries heavily dependent on...
To avoid legal battles, ED settles 150 Fema cases with RBI nod
Spread the love NEW DELHI: Faced with a pile of cases under the Foreign Exchange Management Act (Fema) and eager to avoid prolonged legal battles, the Enforcement Directorate is settling for large-scale compounding of offences and termination of adjudication proceedings after obtaining the Reserve Bank of India‘s approval.In the last 15 months, more than 150 Fema cases have been terminated...
After WhatsApp, Centre sends notices to Telegram, Signal
Spread the love NEW DELHI: A day after directing Meta to pause WhatsApp’s proposed username feature, govt has issued similar notices to Telegram and Signal over their existing username systems, asking them to explain how they prevent fraud and impersonation.The IT ministry wants detailed responses on safeguards against scams, phishing, digital arrest frauds and identity impersonation. Like WhatsApp, Telegram and...
Beijing pushes for China-Pak-style economic corridor with Bangladesh and Myanmar
Spread the love Chinese president Xi Jinping (File photo) DHAKA: China said Thursday it is “determined” to build an economic corridor with Bangladesh and Myanmar, but remains open to “other countries” joining its “transnational initiative” – a project on India’s eastern flank that mirrors the China-Pakistan Economic Corridor’s (CPEC) strategic role on its western frontier.The corridor – discussed during Bangladesh...
Indian team discovers rare ‘bow and arrow’ radio galaxy two billion light years from Earth
Spread the love Twelve Indian researchers across three countries have discovered a rare, nonconformist radio galaxy, shaped like a bow and arrow and 1.8 million light years wide, located approximately 2 billion light years from Earth. A light year is about 5.88 trillion miles. A radio galaxy, powered by supermassive black holes at its core, is a type of active galaxy that...
Omar Abdullah backs call for India-Pak talks, says even RSS favours dialogue
Spread the love J&K CM Omar Abdullah (File photo) SRINAGAR: Jammu and Kashmir CM Omar Abdullah Thursday backed the calls for reopening of dialogue between India and Pakistan, saying that was the only way to ease tensions between the two neighbours. He also questioned why appeals from J&K politicians for engaging with Pakistan led to a backlash when similar statements...
Delhi-Doon expressway: NHAI cracks down on project officials
Spread the love A viral video showed two large potholes on the Delhi-Dehradun Expressway. NEW DELHI: NHAI has issued show-cause notices to its project director, a contractor and authority engineer after a video of a section of the Delhi-Dehradun Expressway caving in went viral. It said the incident was caused due to “water accumulation”, as the permanent cross-drainage system at...
Rajasthan Royals get major relief as HC removes key hurdle to IPL in Jaipur
Spread the love Rajasthan Royals (ANI Photo) Jaipur: With the Rajasthan High Court suspending the ad hoc committee of the Rajasthan Cricket Association (RCA), a major roadblock in state cricket governance has been removed. The High Court has appointed additional chief secretary in the state home dept Bhaskar A Sawant as the sole administrator and has directed him to complete...
