scorecardresearch
Thursday, August 28, 2025
TopicForeign Banks

Topic: Foreign Banks

ED sends notices to Xiaomi, 3 banks over ‘illegal remittances’ to foreign entities

Notices issued under FEMA after Xiaomi’s local unit allegedly made illegal remittances to foreign entities by passing them off as royalty payments.

Tumultuous year raises India Inc.’s dependence on foreign banks

Borrowers find offshore loans easier to raise funds, even though pricing is largely on an upward trend.

Who owns India’s banks? Definitely not Indians

Just before the Nirav Modi case, ex-RBI Governor Y.V. Reddy said Indian banking system is mainly owned by govt, followed by foreigners and least by Indians.

On Camera

How economic planning stifled India’s growth and talent

The Indian planning system did not encourage individuals based on ‘what they knew’, but on ‘whom they knew’. Many left for countries that recognised their talent.

All bets off as online gaming bill shakes industry & key players suspend ‘gambling’ on their platforms

The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation. 

Post-Sindoor, joint doctrine tasks Special Forces with fighting info warfare & countering propaganda

Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.

That Oval Office picture for ages deserves closer Indian reading, with a geopolitical lens

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.