Political

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Roving Periscope: Even China dreads, as Pakistan is like a beggar armed with n-bombs, missiles!

March 28, 2023 virendra pandit

Virendra Pandit   New Delhi: When India exploded its first nuclear device in May 1974 and joined the exclusive club of atomic powers, then Pakistan Prime Minister Zulfiqar Ali Bhutto famously announced: “We shall eat the grass but have our bomb.” Nearly five decades later, as a bankrupt Pakistan has the “Islamic Bomb”, its poor […]

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Business

Tit-for-tat: Taking lessons from UK neglect, US thwarts Khalistanis’ attack on Indian Embassy, scribe

March 27, 2023 virendra pandit

Virendra Pandit   New Delhi: As India warned the UK, Canada, and Australia last week with providing ‘reciprocal security’ at their diplomatic missions in New Delhi, the USA took the hint as its secret services foiled an attempted ‘attack’ on Indian Embassy in Washington by the pro-Khalistani militants on Saturday last week. In a statement, […]

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Business

Roving Periscope: No IMF bailout yet as the UAE bans Pak ‘beggars’ coming on visit visas

March 27, 2023 virendra pandit

Virendra Pandit   New Delhi: Angered with Pakistani ‘beggars’ visiting on visas, the UAE has banned visitors from 24 Pakistani cities on charges of obtaining visit visas and later begging in Middle East countries. According to the media reports, quoting Pakistan Overseas Employment Association (POEA)’s spokesperson Adnan Paracha, the UAE immigration officials have increased their […]

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Business

Banking: First Citizen buys all loans, and deposits of collapsed SVB

March 27, 2023 virendra pandit

Virendra Pandit   New Delhi: First Citizens BancShares Incorporation has bought all the loans and deposits of Silicon Valley Bank (SVB) and gave the Federal Deposit Insurance Corporation (FDIC) equity appreciation rights in its stock worth USD 500 million in return, the FDIC said in a statement. On March 10, startup-focused lender SVB became the […]

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Business

Pakistan: ‘No money to even hold elections,’ says Defense Minister K. Asif

March 25, 2023 virendra pandit

Virendra Pandit   New Delhi: The financial condition in a broke Pakistan is so grim that it cannot even hold elections, Defense Minister Khwaja Asif said on Friday. His statement came amid the International Monetary Fund (IMF) expressing unhappiness over Islamabad keeping it in the dark about raising fuel prices. Before him, Prime Minister Shehbaz […]

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Business

Roving Periscope: Trump apes Imran Khan, threatens ‘potential death and destruction’ if arrested

March 25, 2023 virendra pandit

Virendra Pandit   New Delhi: In an escalation of verbal attacks on prosecutors over 24 months after his violent supporters stormed the US Capitol on January 6, 2021, attempting to prevent Congress from ratifying his loss in the election, former President Donald Trump on Friday warned there could be violence if he is indicted in […]

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Business

Hindenburg II: After targeting the Adanis, the US shorter bleeds Dorsey’s payment firm “Block”

March 24, 2023 virendra pandit

Virendra Pandit   New Delhi: Exactly two months after targeting India’s Adani Group, the US-based Hindenburg Research shorted Twitter’s former co-founder Jack Dorsey-led payments firm Block, whose shares plunged over 20 percent on Thursday, and his wealth tumbled by over USD 526 million on a single day. After the January 24 Hindenburg claims, the share […]

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Business

Unprecedented: Ukraine may become the first nation at war to secure $15.6 bn IMF loan

March 23, 2023 virendra pandit

Virendra Pandit   New Delhi:  In its 77-year history, the International Monetary Fund (IMF) is, for the first time, likely to sanction a USD 15.6 billion loan to war-ravaged Ukraine, which Russia invaded on February 24, 2022. Ukraine won staff backing for this loan from the IMF, the media reported. The IMF and officials in Kyiv […]

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Business

Roving Periscope: ‘Any attempt to arrest Putin would mean war on Russia’

March 23, 2023 virendra pandit

Virendra Pandit   New Delhi: Although Russia has junked it as “meaningless”, some of its leaders do worry about the arrest warrant for President Vladimir Putin, issued last week by the International Criminal Court (ICC), following which he can be, technically, arrested in any of the 123 member countries of The Hague-based global court. That […]

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Business

Technology: With 5G on the rise, PM Modi also launches 6G

March 22, 2023 virendra pandit

Virendra Pandit   New Delhi: Six months after launching 5G services in the communication sector, Prime Minister Narendra Modi, on Wednesday, unveiled India’s 6G mission to create a focused initiative for the next generation of technology in India. India is set to roll out the 6G network by 2030. Reports said he also unveiled the […]

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