The US is home to 50% of the world’s golf courses. That also figures why the country has some of the most beautiful and wonderfully...

US Elections 2016: The US Embassy in Delhi is all set to welcome the new President. Here are some pics what the US embassy in Delhi looks like right now:

The number of applicants seeking H-1B visas has dropped significantly with the US Citizenship and Immigration Services (USCIS) receiving only 199,000 petitions for 2017, compared with 236,000 in 2016, reflecting the impact of the recent protectionist measures undertaken by the American government.

The President’s executive order directs the federal bureaucracy to enforce visa law more vigorously, and to study new ways to reform and restrict the H-1B system.

At that price, the IPO would surpass the offering of former national carrier Nippon Telegraph & Telephone in 1987.

Asian nations gave up hopes of completing a 16-nation trade bloc this year, with Chinese and Australian officials now looking to finalise the deal in 2019.

The chipmaking sector saw another bout of selling in Asia, wiping at least $11.2 billion in market value, as weak forecasts from Nvidia and Applied Materials added to the latest signals that demand for servers, personal computers and mobile is falling.

SoftBank has set an indicative price of 1,500 yen ($13.23) per share for its initial public offering (IPO), a regulatory filing showed on Friday, making the deal worth 2.4 trillion yen ($21.16 billion) in one of the world’s biggest-ever listings.

For the Federal Reserve, 2019 has started out looking a lot like 2016: The last time uncertainty over global growth roiled financial markets for months on end.

According to dealers, firms like Reliance Industries (RIL), NABARD, and Tata Steel are likely to hit the bond market on Thursday with an intention to raise a cumulative Rs 15,000 crore.

ESAF has more than 96% of its exposure in the micro-segment with the average ticket size of the loan being Rs 33,000.

Earlier, the Business Correspondent Federation of India (BCFI) had said that while the BCs were offering services of cash withdrawal, very few are depositing money in the wake of the current lockdown.

The bank saw the fallout of the lockdown in the second half of March, with loan origination and cross-selling of other products slowing down, the management said.

The new provisioning requirement has to be made for the March and June 2020 quarters and this will impact their profitability in 2019-20 and 2020-21.

It said sectors with higher leverage, such as power, telecom, roads, textiles and fertilisers, will be the major beneficiaries and account for nearly 47 per cent of the total breather available.

The RBI last month cut the policy rate by 75 basis points to spur growth amid the COVID-19 crisis.

The percentage of applicants is in low single digit as a share of the loan book, the bank said, but this could go up as it has not put a deadline or a cut-off for people to apply.

The regulatory norms with respect to provisioning and asset recognition are uniform for Indian banks’ domestic and foreign exposures.

Experts say more borrowers are likely to line up for emergency credit from banks as many businesses will be hit by the slump in demand and zero footfall in the market in the wake of the pandemic.

The credit card company, promoted by the country's largest lender SBI, said the borrowings at the end of the previous fiscal were provisional and subject to audit.

In the fiscal ended March 31, 2020, bank loans had decelerated to 6.14 per cent, a near five-decade low, due to slower economic growth, lower demand and as banks remained risk averse.

The remaining Rs 4,500 crore will be raised by way of additional Tier-1 and Tier-2 capital instruments with an inter-changeability option, the bank said in the release.

However, if collections don’t revive rapidly for the NBFCs and MFIs in particular within this period, the liquidity challenges may continue and will necessitate longer term funding,” the firm said.

Union Bank received the stake after Andhra Bank was merged with the Mumbai-based lender, effective April 1.

The lender’s gross NPAs stood at 2.45% of gross advances as on March 31, 2020, up from 2.18% on December 31, 2019, while the net NPA ratio stood at 0.91% of net advances as on March 31, 2020, down from 1.05% on December 31, 2019.

The private sector lender had reported a net profit of Rs? 1,505.06 crore in the same quarter of the previous financial year.

The bank’s advances grew 15% y-o-y to Rs 5,71,424 crore as on March 31, with retail loans up 24% y-o-y to Rs 3.05 lakh crore, accounting for 53% of the net advances.

Accordingly, all regulatory returns required to be submitted by such entities to the Department of Regulation can be submitted with a delay of up to 30 days from the due date.

The development also shows the government's push for digital technology has enabled people to access banking services even when the pandemic spread its tentacles.

RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.

The government can issue recapitalisation bonds, or the Reserve Bank of India's (RBI) huge reserves of over USD 127 can also be dipped into to help the state-run banks' recapitalisation needs, it said.

The loan has been disbursed under a refinance scheme by Nabard from its own resources and was given this week, it said.

The communication further stated that Covid-19 is wreaking havoc on the economy which, in turn, will impact a financial services firm like KMB.

Banks are flush with liquidity, but they also have to look after the interest of depositors.

Earlier on April 7, the public sector bank announced a reduction in MCLR by 35 bps. and reduced savings deposit rate by 25 bps, citing adequate liquidity in the system.

On the COVID-19 pandemic, SBI Card said globally, countries and businesses are under lockdown and there is a high level of uncertainty about the duration of the lockdown and the time required for things to get normal. 

Popular Indian luxury train, The Maharaja’s Express, has been awarded World’s Leading Luxury Train 2012 at the World Travel Awards 2012 held in New Delhi yesterday. The train was one of the contenders for the coveted title of the best luxury train in the world which included the...

The launching vehicle of GISAT 1 has evinced much interest before the launch of the mission. GSLV -F10 is a humongously tall vehicle - as tall as a Sixteen storey building, and weighing approximately 4,20,300 kilograms..

As the date of launch nears, Indian Space Research Organisation (ISRO) in a tweet has revealed what it’s geo Imaging Satellite, GISAT-1 can do

ISRO's GISAT-1, which weighs around 2,268 kgs, was slated to be the first Earth observation satellite to be placed in the Geosynchronous Transfer Orbit.

The Indian Space Research Organisation had then resolved to launch the project again. It had said the project is likely to be launched by the end of the year.

Saturation of Pilibhit Tiger Reserve with an increasing population of tigers has resulted in man-animal conflicts in the area.

Coronavirus: A week ago, an employee at the NASA’s Ames Research Centre in California was tested positive for the virus.

The space rock will pass the earth at a distance 4.6 times of distance between the Moon and Earth.

According to the Central Pollution Control Board (CPCB) data, the city's overall air quality index at 9 am stood at 112, which falls in the 'moderate' category.

While citing the examples of Italy and Spain, which started screening of travellers 25 days and 39 days respectively after first reported cases, it said it took a number of proactive measures and shared the chronology of the steps taken by it.

A total of 12,000 applicants applied to become astronauts at the National Aeronautics and Space Administration (NASA).

First and foremost, through the recent COVID-19 crisis, satellite technology is found proving its utility for support.

More than a thousand face shields have been dispatched for the doctors and healthcare staff of AIIMS Rishikesh.

Seismic noise is a relatively persistent vibration of the ground that is usually an unwanted component of signals recorded by seismometers, according to the scientists.