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Cobrapost also alleged that the DHFL promoters made huge donations to the ruling Bharatiya Janata Party, in contravention of existing laws (Representational image)

RBI takes control of troubled Dewan Housing board, appoints administrator

The govt last week empowered the RBI to refer stressed NBFCs and HFCs with assets worth at least Rs 500 crore, such as the DHFL, to insolvency court.
India is looking at a larger credit crisis. (Representational Image) | Photo: Dhiraj Singh | Bloomberg

Credit rating companies are still missing big defaults by Indian firms

Defaults at DHFL, Cox & Kings and Altico Capital have occurred even as their long-term ratings indicated very low to moderate risk of non-payment.
Workers at a construction site in Delhi (representational image) | Ruhani Kaur/Bloomberg

Now NBFCs are dreading bankruptcies in the real estate sector

Blinded by falling funding costs, NBFCs raised their exposure to property firms by 46% over 3 years even as banks have been extremely cautious.
File photo of the Ram Ghat Temple in Ayodhya

Mandir matters, mostly, for media today

Your daily news capsule.
Cobrapost also alleged that the DHFL promoters made huge donations to the ruling Bharatiya Janata Party, in contravention of existing laws (Representational image)

Promoters of housing finance major DHFL swindled Rs 31,000 crore, alleges Cobrapost

Cobrapost exposé accuses three promoters of money laundering through shell companies, DHFL stocks fall more than 6% on Bombay Stock Exchange.

On Camera

The river Ganga in Varanasi

Five reasons that are stopping Ganga from becoming clean

The bureaucracy is capable enough to prove to the govt that Ganga has been completely cleaned. But that, we know, would be far from truth.

Revival in demand & business activity push Indian economy’s animal spirits up in September

Economists attributed the recovery to pent-up demand after a strict lockdown imposed in March hit the consumption of goods and services.

Defence

A file photo of Defence Minister Rajnath Singh, External Affairs Minister S. Jaishankar, US Secretary of State Michael Pompeo and US Secretary of Defense Mark Esper at the 2+2 dialogue in Washington in December 2019. | Photo: ANI

The 3 foundational agreements with US and what they mean for India’s military growth

Basic Exchange and Cooperation Agreement, the last of the key foundational agreements between India & US, was signed Tuesday. LEMOA was signed in 2016 and COMCASA in 2018.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.