Dubey’s political, UP Police links to remain secret

NEW DELHI: The “encounter” of gangster Vikas Dubey before he could reach the court or face sustained interrogation has buried secrets of his political patronage over the years and his deep connections in the Uttar Pradesh Police.The Samajwadi Party and the ruling BJP have traded allegations in the past week claiming Dubey was backed by … Read more Dubey’s political, UP Police links to remain secret

Covid may double the bad loan trouble for India’s private banks

Top five private sector banks may see their slippages double to 5 per cent this fiscal due to the poor loan offtake and the moratorium-driven contraction in net interest margins, warns a report.These five banks — HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank — collectively control a quarter of the … Read more Covid may double the bad loan trouble for India’s private banks

US student visa rule faces flood of lawsuits

WASHINGTON: Scores of US lawmakers, academics, and students are pressing the Trump administration to reverse what is widely seen as a cruel and mean-spirited order that bars foreign students from staying in the country if they do not attend in-person classes. The plea comes amid panic in the international student community about their future even … Read more US student visa rule faces flood of lawsuits

IndiGo boss on what’s hurting the airline

MUMBAI: Hoping that the COVID-19-hit aviation industry should be back on “track” within the next one-and-a-half years, budget carrier IndiGo parent InterGlobe Aviation’s Chief Executive Officer Ronojoy Dutta has said restrictions on travel by certain states are hurting demand. Speaking at an SBI-hosted virtual banking and economic conclave on ‘Impact of COVID-19 on Business & … Read more IndiGo boss on what’s hurting the airline

Private sector in space: How India stands to gain

Desh Gaurav Sekhri & Satwik MishraOn June 24, GoI announced a transformative roadmap for space exploration through a multi-stakeholder engagement plan. It has also announced the creation of the Indian National Space Promotion and Authorisation Centre (IN-SPACe), tasked with working towards facilitating private companies to use Indian space infrastructure. Then, New Space India Ltd (NSIL) … Read more Private sector in space: How India stands to gain

Covid-19: The frantic search for a cure continues

Six months into the pandemic, the pharmaceutical fraternity, including drugmakers and research institutes, are working at record speed to develop a vaccine or cure for the Covid-19 virus. Though vaccine makers are jumping the usual loops of trial development, regulatory agencies are stepping in to ensure that the companies are following guidelines. In India, too, … Read more Covid-19: The frantic search for a cure continues

Over half of Indian firms ‘vulnerable’ on wage payments: Crisil

Mumbai: Over half of Indian companies are “vulnerable” from a wage payments perspective, which will lead to a sharp cut in paychecks and delay the overall economic recovery as demand resumption takes time, ratings agency Crisil said on Friday. Ashu Suyash, the managing director and chief executive of the agency, said it has done an … Read more Over half of Indian firms ‘vulnerable’ on wage payments: Crisil

Irdai permits modification of group insurance policies

New Delhi: Regulator Irdai on Friday permitted life insurers to modify the terms of ‘Group Credit Life Master Policies’ of entities who have availed moratorium on repayment of loans announced by the Reserve Bank in view of the COVID-19 pandemic. The life insurers, according to the Insurance Regulatory and Development Authority of India (Irdai), are … Read more Irdai permits modification of group insurance policies