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Monday, February 23, 2026
TopicFinancial crisis

Topic: Financial crisis

3 yrs after IPO, ED digs out Varanium Cloud’s ‘pump & dump scheme, 150 shell firms, 400 mule accounts’

ED claims to have busted racket of illegal diversion of public funds after the tech firm raised Rs 36.6 cr in IPO in 2022. Probe stems from FIRs against promoter Harshavardhan Sabale.

Political furore in Punjab after Mann govt seeks enhancement in borrowing limit, hikes taxes

In latest sign of its growing financial troubles, cash-strapped Punjab govt has requested Centre to increase its borrowing limit for this financial year above the sanctioned limit.

‘Being on toes’ a shared responsibility of regulators in face of global challenges, says economic affairs secy

Speaking after 27th meeting of Financial Stability and Development Council, Ajay Seth said easing of KYC norms and dealing with financial crises early were among the issues discussed.

Hospitals without doctors, power cuts: In Punjab’s ‘messed-up’ finances, AAP’s big budget test

Punjab's finances the biggest challenge facing the AAP govt about to table its first budget. ‘Increasing revenue without imposing new taxes’ priority, says finance minister Cheema.

Suffocated in a self-made gas chamber—triple suicide story of a Delhi mother & 2 daughters

Depressed and ailing, three women in Delhi's Vasant Vihar area were found dead in a house with windows covered in plastic and four suicide notes detailing their financial troubles.

Why investors are fleeing China’s investment-grade property bonds

Since Evergrande nearly defaulted on its debt, China is taking a close look at rules governing residential real estate. Local govts now want more say in how escrow accounts are used.

Last resort: Indians in distress are selling gold & third wave could only make it worse

The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold.

South Asia risks financial crises due to high levels of ‘hidden debt’, World Bank warns

The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.

Mumbai & Delhi rank among world’s 5 ‘most stressful’ cities to live in

Survey by German wellness company Vaay compared 100 cities of the world. While Mumbai ranked at the bottom, Delhi was 97 among 100.

WTO cuts global trade forecast to lowest levels in a decade

It’s the third consecutive year the WTO has reduced its expectations for global trade growth, reflecting similar readings from World Bank and IMF.

On Camera

Nick Jonas wearing a mangalsutra is validation for many Indians. He’s our favourite jiju

Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Suspected brake failure leads to Tejas accident after landing, airframe likely to be written off

The IAF, so far, remains mum on this accident which has led to grounding of the fleet for safety checks.

No country is ever fully sovereign. Cold War era taught India its real meaning

India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.