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US Treasury reaches $275 million settlement with Adani Enterprises over Iran sanctions violations

[ad_1] The US Treasury Department on Monday said it had reached a $275 million settlement with Adani Enterprises over the company’s potential civil liability linked to 32 apparent violations of US sanctions involving Iran, according to a Reuters report.The US Treasury’s Office of Foreign Assets Control (OFAC) said Adani Enterprises had purchased shipments of liquefied…

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RBI sees no signs of excess credit risk, keeps countercyclical capital buffer inactive

[ad_1] The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review…

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aravindh chithambaram second from left

GM Aravindh Chithambaram becomes first Indian chess player to qualify for Esports World Cup 2026

[ad_1] Aravindh Chithambaram (second from left) NEW DELHI: Indian Grandmaster Aravindh Chithambaram became the first Indian player to qualify for the Chess main event at the Esports World Cup (EWC) 2026 after winning the Road to EWC qualifier at DreamHack Atlanta.The 26-year-old produced a composed display in the high-pressure rapid format, where matches consisted of…

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