Court dismissed Ambani’s plea for a personal hearing, saying that SBI had provided him adequate opportunity to explain his case in line with RBI and Supreme Court directions.
The SBI Fund Management report says China invests 42% of GDP & consumes 40%, while US invests 22%, but household consumption stands at 68%, showing stark differences in economic priorities.
According to regulatory filing, Rcomm got Rs 31,580 cr in bank loans, but a Fraud Committee of the bank found misuse involving complex fund transfers across multiple group entities.
The Economic Survey, which was recently presented in Parliament, also estimated headline inflation for FY26 at 4.2%, while for the current fiscal, it is expected to be around 4.8%.
According to SBI research, inflation is projected to remain below or close to 5% in coming months. For the full FY25, it is likely to average to 4.6-4.7%.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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