MUMBAI: Mobile phone financiers will face restrictions on “mobile lock” practices under RBI’s amended rules for loan recovery. Under the reworked draft regulation, lenders can restrict financed devices only under explicit contractual consent and after a 90-day default cycle with a staged 60-day and 7-day notice regime, while mandating that core functions such as incoming…
VinFast has announced a major restructuring exercise involving its manufacturing business in Vietnam in a deal valued at around USD 530 million (approximately VND 13.3 trillion). The move is aimed at improving capital efficiency, reducing debt burden and helping the EV maker move faster towards profitability.As part of the restructuring, VinFast will separate its manufacturing…
Hashmatullah Shahidi (Image credit: Afghanistan Cricket Board) NEW DELHI: Afghanistan captain Hashmatullah Shahidi finally got his long-awaited first ODI hundred, producing a fighting knock of 102 against India in the third and final ODI at the MA Chidambaram Stadium in Chennai on Saturday.The century was a landmark one for Shahidi not just because it was…
Nepal men’s team captain captain Rohit Paudel was involved in a controversial dismissal during Nepal’s ICC Cricket World Cup League Two match against the USA at the Tribhuvan University International Cricket Ground on Friday.The Nepal captain was given LBW off Milind Kumar on the final ball of the 38th over, even though replays appeared to…
Maruti Suzuki India plans to introduce four more electric vehicles by 2031. The announcement was made by senior executive Partho Banerjee at an event in Hyderabad, PTI reported. At the event, Maruti Suzuki delivered 108 units of the Maruti Suzuki e VITARA to customers in a single day. The company said this reflects growing customer…
AHMEDABAD: Southpaw Tilak Varma had made 43 runs from 32 balls in five innings prior to his maiden IPL century on Monday at the Narendra Modi Stadium. The noise surrounding his batting form was getting heavier with every passing match. Answering all those questions, the 23-year-old reinforced his value to the team with a knock…
MUMBAI: The appointment of Rohit Jain as deputy governor at the Reserve Bank of India comes after the retirement of T Rabi Sankar and at a time when the central bank has to prepare banks for new risks, including cybersecurity.Jain, who was appointed executive director in Dec 2020, was until now in charge of supervisory…
MS Dhoni (BCCI/IPL Photo) NEW DELHI: Former Chennai Super Kings player Sam Billings has shared an interesting behind-the-scenes story about MS Dhoni during his time in the IPL. Billings recalled how Dhoni created a relaxed, social environment within the team despite his superstar status.Speaking on a podcast, Billings revealed that Dhoni had a unique setup…
Quote of the day by Stephen Hawking In a single sentence, Stephen Hawking manages to make you feel very small and very important at the same time. First he cuts us down to size. We are clever apes, he says, living on an unremarkable planet, circling an ordinary star, in a universe almost too vast…
New Delhi: After months of negotiations, govt and auto industry on Thursday reached a consensus on the proposed CAFE-3 fuel efficiency norms, with companies agreeing to most of the draft circulated last week, even as concerns remain over meeting stricter emission targets by FY32.TOI has learnt that officials told industry representatives that the thrust of…
