BENGALURU: Nine months after a homecoming that ended in tragedy, Royal Challengers Bengaluru returned to the M Chinnaswamy Stadium on Wednesday, beginning preparations for the Indian Premier League, which begins here on March 28.A small but vocal group of fans gathered outside the stadium to welcome the players as the RCB contingent arrived around 4.30…
QatarEnergy says Iranian missiles hit Ras Laffan Industrial City, causing “extensive damage” Qatar on Wednesday expelled key Iranian military and security officials along with their staff from its territory, escalating tensions after missile strikes hit key energy infrastructure in the Gulf. The Qatari Foreign Ministry said on Thursday it had declared the military and security…
BENGALURU: Manipal Hospitals is set to file its draft red herring prospectus (DRHP) this week for an IPO expected to raise about Rs 10,500-11,000 crore, potentially the largest public offering in India’s healthcare sector. The issue will include an offer-for-sale component of around Rs 2,000 crore, while a large portion of the proceeds will be…
MUMBAI: The surge in retail credit in India rests on a quiet infrastructural shift-the growing ability of lenders to judge creditworthiness of borrowers quickly and cheaply. What has made this possible is a dramatic fall in the cost of obtaining credit reports, aided by digital scale and the proliferation of fintech platforms that allow consumers…
MUMBAI: The conflict in West Asia is prompting both underwriters and policyholders to reassess the efficacy of travel insurance in addressing geopolitical risks, one of the more persistent uncertainties in recent years.Early signals are visible in claims behaviour. “We have received travel inconvenience claims i.e. flight cancellation, trip cancellation/ interruption, accommodation extension etc. We have…
NEW DELHI: Ten years later and after two attempts, govt has failed to privatise IDBI Bank, the perpetual problem child, leaving potential bidders fatigued and raising questions over the process as well as future disinvestment plans.It wasn’t the first time that the Centre tried to exit IDBI Bank, with the plan first announced by former…
NEW DELHI: Failure to pay user fee because of faulty FASTag or for low balance in the tag while crossing a barrier-less plaza on NH network will cost you double, if you don’t pay the user charge within 72 hours, as per a govt notification. Similarly, if the tolling agency fails to examine and dispose…
Lockheed Martin designed NASA’s Quesst mission. An experimental aircraft called X-59 is being tested as a significant part of this mission. It will attempt to fly at a speed of Mach 1.4 (approximately 925 miles per hour) and create a much quieter sonic thump rather than the normal loud sonic boom that shakes windows all…
Crescent moon (Image source: Canva) The crescent moon is one of the most recognisable things in the night sky. At dusk or dawn, a lot of people have seen a thin, curved line of light in the sky. This shape is caused by the positions of the Earth, Moon, and Sun. The Moon doesn’t make…
Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…
