virendra pandit

rbi

Business

RBI: 76% of Rs 2,000 banknotes returned to banks, including 87% as deposits

July 3, 2023 virendra pandit 0

Virendra Pandit New Delhi: The Reserve Bank of India (RBI) on Monday said that 76 percent of the Rs.2,000 banknotes, the highest denomination notes withdrawn from circulation, returned to banks since May 19, including 87 percent as deposits. As on May 19, the total value of Rs 2,000 notes in circulation was Rs 3.56 […]

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SCO

Business

Roving Periscope: PM Modi to host Putin, Xi, and others virtually in SCO Summit on Tuesday

July 3, 2023 virendra pandit 0

Virendra Pandit New Delhi: Ten days after the Wagner Group’s short-lived mutiny in Russia, its President Vladimir Putin will appear at the Summit of the Shanghai Cooperation Organization (SCO) hosted virtually by Prime Minister Narendra Modi on Tuesday. Besides President Putin, his Chinese counterpart Xi Jinping and Pakistani Prime Minister Shehbaz Sharif, among others, […]

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Business

Unrest: As France burns, thousands of rioters arrested after clash with police

July 1, 2023 virendra pandit 0

Virendra Pandit New Delhi: Despite the government’s stern warning that a national emergency could be clamped across France if the riots did not end immediately, rioting and arson raged in different cities for a fourth night on Friday, with cars and buildings set ablaze and stores looted, as the next of kin prepared on […]

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hdfc

Business

Behemoth: After a $40 bn mega-merger with HDFC Bank, HDFC Ltd ceases to exist

July 1, 2023 virendra pandit 0

Virendra Pandit Mumbai: By Monday next week (July 3) all signboards, offices, and branches of HDFC Ltd will be repainted and rebranded as HDFC Bank, with which India’s leading home financing company merged on Saturday. Branding at more than 500 offices branches of HDFC Ltd started on Saturday and they got the HDFC Bank’s […]

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INDIA-SAUDI-DIPLOMACY

Business

Roving Periscope: India now a ‘major player’ in the Middle East, says FP

July 1, 2023 virendra pandit 0

Virendra Pandit New Delhi: In one of the most interesting geopolitical developments in years, India has emerged as a ‘major player’ in the Middle East, Foreign Policy, a leading American magazine focusing on global affairs, has said. It’s time to take New Delhi’s projection of power in the region seriously, it added. Highlighting New […]

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trio

Business

Roving Periscope: After POTUS Joe Biden, President Putin also praises PM Modi

June 30, 2023 virendra pandit 0

Virendra Pandit New Delhi: It’s the ‘India Moment’ all over the world. The South Asian country, now the fifth biggest and the best-performing large economy, is the flavor of the season. And India is relishing it as never before. A week after Prime Minister Narendra Modi returned from his State Visits to the USA […]

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india

Business

Clean energy: World Bank approves $ 1.5 bn for India’s transition from fossil fuels

June 30, 2023 virendra pandit 0

Virendra Pandit New Delhi: The World Bank on Friday announced it has approved a USD 1.5 billion (Rs. 12,500 crores) financing for India’s transition to clean energy, envisaging scaling up renewable energy, producing green hydrogen, supporting carbon markets, and stimulating climate financing. “The World Bank’s Board of Executive Directors approved USD 1.5 billion in […]

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sin

Business

New risk: China has $3 trillion of ‘hidden’ currency reserves, says US economist

June 30, 2023 virendra pandit 0

Virendra Pandit New Delhi: In a sensational report, a former US Trade and Treasury official has disclosed that China is sitting on a pile of USD 6 trillion, half of which is “hidden”, that can present a new kind of risk to the global economy. A lot of the Asian country’s foreign-exchange reserves don’t […]

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imf

Business

Cliffhanger: IMF approves Pak’s $3bn loan program; may be considered in two weeks

June 30, 2023 virendra pandit 0

Virendra Pandit New Delhi: Almost bankrupt Pakistan, facing a default on July 1, has clinched initial approval from the International Monetary Fund (IMF) for a USD 3 billion loan program, lowering the risk of a sovereign default, the media reported on Friday. The staff-level agreement is subject to approval by the IMF Executive Board, […]

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Business

Farmers’ stir, Covid-19: Karnataka HC fines Twitter Rs. 50 lakhs, rejects its claims

June 30, 2023 virendra pandit 0

Virendra Pandit New Delhi: The Karnataka High Court on Friday dismissed global microblogging platform Twitter’s plea against the Union Ministry of Information Technology’s order to block its content about the farmers’ agitation and the pandemic and directed it to pay a fine of Rs. 50 lakhs. “You are not a farmer but a billion-dollar […]

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