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Minor planet named after Bengaluru student; here’s how names of planets are decided

A minor planet has been named after a Bengaluru student. What are the rules behind such nomenclature?




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Diwali dhamaka! Amazon offers free shipping on all orders for the holidays

Amazon.com said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart and other rivals vying for customers’ Christmas shopping sprees.




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Alibaba’s Jack Ma calls US-China trade war ‘most stupid thing’

Billionaire Alibaba co-founder Jack Ma called fighting over trade senseless and decried once again a widening conflict between the US and China.




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US-China trade war: Xi vows to raise imports amid row with US

Chinese President Xi Jinping promised on Monday to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the United States and others.




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China building $9-billion Beidou to challenge American-owned GPS

On November 19, China launched two more Beidou machines, increasing the number in operation to over 40.




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Deutsche Bank raid pulls CEO deeper into vicious dircle

Deutsche Bank chief executive officer Christian Sewing was there to give the annual pep talk to his top executives.




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Amazon’s deep bench calms investors amid Jeff Bezos scandal, NYC rift

It’s been a rough few weeks for the world’s wealthiest man.




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Trump tells farmers: ‘I Love you’, but still cutting your subsidies

The Trump administration responded with a plan to authorise as much as $12 billion in aid




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How to void Suriety ?

Respected sir
My father is an employee (Govt.)He is eligible for Suriety signature.If any one borrows money in chitfunds(Lifting money)/Buying a new vechile under Bank insurance. If they ask him(My father) for Suriety signature my father does it without knowing me and my family and they won't pay the desired amount to the respective companies/Banks.Ultimately my family is getting trouble.So to avoid all these,is there any chance/idea/plan/e. t. c.,. for not to do Suriety signature. [It should not be valid].Is there any chance sir. I am expecting a positive response from your side 😊 sir. If my father does also it should not be valid. It must be null(signature)
Thanking you sir




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We have adequate liquidity in all four of our NBFCs: Thomas John Muthoot, CMD, Muthoot Pappachan Group

There will be very limited impact on affordable housing loans, most of which are backed by cash flow, and given mostly to the salaried class who have a steady income.




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SBI to provide Rs 50-200 crore to NBFCs for up to 5 years

NBFCs face a double whammy because they are offering moratorium to customers despite not getting one themselves from their lender banks, as per Crisil.




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Short-term impact of COVID-19 will be severe in all segments: K Paul Thomas, CEO, ESAF

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




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Banking system provides services seamlessly during COVID-19 crisis

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.




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HDFC Bank: Net up 18%, names for new CMD decided

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.




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Kotak Mahindra Bank board to consider fundraising proposal this week

In a recent report, global ratings agency Standard & Poor's had said Kotak Mahnidra Bank can weather the challenges that will be posed by the infections and affirmed its rating on the lender.




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RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies

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.




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COVID-19 effect: Most applied for moratorium out of caution, not stress, says HDFC Bank

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.




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We’re in conserve, consolidate mode; crisis a great time to go digital: Mahabaleshwara MS, CEO, Karnataka Bank

Loan waiver schemes for agricultural loans introduced by some of the state governments may also help reduce stress to some extent.




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COVID-19 emergency credit: SBI disburses Rs 1,000 crore, Bank of Baroda Rs 606 crore

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.




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Sidbi seeks bank, NBFC applications for availing RBI’s special liquidity facility

The tenor of Sidbi’s lending to financial institutions will be 90 days. MSMEs have been cash-starved for a few years and the lockdown to control the spread of Covid-19 is a body blow to their revenues.




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Covid-19 impact: Asset quality could come under stress, says IndusInd Bank CEO

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.




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Axis Bank sets aside Rs 3,000 crore for COVID-19 impact

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.




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COVID-19: RBI grants more time to banks to file regulatory returns

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.




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Bank of India provides moratorium to NBFCs

According to sources, the RBI has conveyed to banks that there is no restriction for them to provide moratorium to NBFCs.




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IDFC First Bank to raise Rs 2,000cr capital from promoter, Warburg Pincus, 3 others

Warburg Pincus affiliate Dayside Investment Ltd and insurance firms ICICI Prudential Life Insurance Company, HDFC Life Insurance, and Bajaj Allianz Life Insurance will infuse capital in the lender.




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NBFCs tapping NCD market to raise funds amid Covid crisis

The three year NCD issue of Indiabulls Housing Finance opened on April 29. Although, the base issue size was Rs 100 crore, but it had a greeshoe option of Rs 900 crore.




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COVID-19: NBFCs ask RBI for one-time restructuring of all loans till March 2021

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.




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State-owned bank NPAs may rise in FY21, govt’s fiscal deficit to widen: Bank of America

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.




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No takers for Covid-special credit lines, banks park record Rs 8.4 lakh crore with RBI

Having come up with emergency credit lines to help businesses weather the Covid storm, banks are seeing little demand for fresh credit at this stage.




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SBI offers 3-month repayment holiday for NBFCs

State Bank of India (SBI) has decided to give select Non-Banking Financial Companies (NBFC) a three-month repayment holiday, persons familiar with the development said.




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Yes Bank’s deposit woes continue as CASA slides 63% y-o-y

Analysts say that some of these accounts availing moratorium could very well have turned defaulters in the ordinary course of business, but the moratorium delays recognition by a few months.




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SBI Card Q4 net plunges 66% to Rs 84 crore on COVID-19 provisions, rise in expenses

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. 




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Indian Holidays Pvt. Ltd. Announces 5% Discounts for Select Deccan Odyssey Journeys

Indian Holidays Pvt. Ltd., one of the premier luxury tour operators has announced a minimum 5% discount on select departures for IRCTC and Maharashtra Tourism’s flagship luxury train, the Deccan Odyssey. The journey tariffs had recently been lowered in a bid to make the Deccan Odyssey...



  • Fri
  • 12 Oct 2012 00:00:00

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Gaganyaan: DRDO to provide special space food and emergency survival kit for ISRO’s manned mission

ISRO is already working on a Humanoid prototype (with a female form)for the Gaganyaan missions, which is expected to be sent out on a mission next year to test it out before actually sending humans in space.




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Coronavirus: How is NASA dealing with COVID-19? Here’s the space agency’s action plan

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




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Large asteroid approaching Earth! How dangerous will it be? NASA answers

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




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World Water Day 2020: India shifts focus to providing piped water to every home at household level by 2024

The report on World Water Day 2020 explains that in order to tackle climate change, a lot of marginalised communities need clean water and decent toilets as a front line defense.




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Coronavirus: Use free time to hone skills like Newton did during London plague, IIT tells students

With classes and all other activities being suspended till March 31 due to coronavirus, the Indian Institute of Technology (IIT) Gandhinagar has launched 'Project Isaac' to engage students confined to their rooms or homes in productive activities.




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Delhi targets 66% reduction in air pollution in 5 years; sets aside Rs 30 cr for smog towers

"Green Citizen Awards" will also be instituted to encourage citizens to contribute to environment protection and preservation work, Deputy Chief Minister Manish Sisodia said while presenting the budget in Delhi Assembly.




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Ozone layer is healing! Amidst Coronavirus gloom, Ozone cover above Antarctica records substantial recovery

Efforts of all the countries to stop the damage to the Ozone layer seem to be paying off as the damage to the Ozone layer above Antarctica has recovered.




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India’s response to COVID-19 pre-emptive, pro-active, graded: Govt

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.




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Air quality improves in India amid coronavirus lockdown, says Central Pollution Control Board

The nationwide 'Janta Curfew' on March 22 and the 21-day lockdown imposed since March 24 to combat the coronavirus outbreak have resulted in a significant improvement in air quality.




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Coronavirus and space technologies: Satellites to fight with COVID-19!

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




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IIT Roorkee develops low-cost face shields for doctors, nurses treating Covid-19 patients

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




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COVID-19 lockdowns didn’t make Earth shake less, but improved quake detection, scientists say

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.




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Air pollution linked to higher COVID-19 death rates: US study

The yet-to-be-published study looked at more than 3,000 counties across the US, comparing levels of fine particulate air pollution with novel coronavirus death counts for each area.




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Expedition 63: NASA astronaut Cassidy, two Russian cosmonauts land on International Space Station

NASA astronaut Chris Cassidy along with two Russian cosmonauts Anatoly Ivanishin and Ivan Vagner reached the International Space Station (ISS) for a six-month-long mission named Expedition 63.




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Can we handle another disaster in chorus with COVID-19?

For any administration, it is extremely important to remain prepared for various possible eventualities and the likelihood of any country requiring to witness two natural disasters together, just cannot be ruled out.




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Air pollution linked with higher COVID-19 death rate: Study

The research, published in the journal Science of the Total Environment, combined satellite data on air pollution and air currents with confirmed deaths related to COVID-19.




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PM Modi’s inspiring message on Earth Day: A shout out to all working at forefront to defeat COVID-19

PM Modi also said let us pledge to work towards a cleaner, healthier and a more prosperous planet.