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Monday, November 10, 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

Pakistan is bluffing. There’s no proof for $6 trillion mineral wealth claim

The minerals that Pakistan purports to offer to the US are either in quantities too small to matter, of a type that the US does not need, or would be much more easily sourced from other partners.

No more text-heavy ads, wider scope of services—ICAI’s ethics code overhaul to promote Indian CA firms

Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.