scorecardresearch
Friday, July 25, 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

India uses BRICS to push reforms—not to challenge the US

India has been pleading for long to bring reforms in institutions like the United Nations, IMF, and World Bank, which it believes are West-dominated and don’t reflect current global realities.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

During Operation Sindoor, Pakistan likely used NATO-style aerial tactics taught by China

The Chinese are said to have hired ex-fighter pilots & air force operators from NATO countries over the past several years to help them fine-tune their operational & flying capabilities.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.