IndusInd Bank Ltd. reported a lower than expected net profit of Rs. 920.25 crore for the second quarter ended September 30, 2018 as compared with Rs. 880.10 crore in the year-earlier period on account of one-off prudential contingency provision of Rs. 275 crore. According to analysts the Rs. 275 crore …
Read More »Monthly Archives: October 2018
Higher food prices drive wholesale inflation to 5.13%
Wholesale inflation accelerated to 5.13% in September, driven in large part by quickening inflation in the primary articles segment and stabilising food prices, according to official data released on Monday. Growth in the Wholesale Price Index quickened in September from 4.53% in August. Inflation in the primary articles category stood …
Read More »NCLAT breather for IL&FS, subsidiaries
Infrastructure Leasing and & Financial Services (IL&FS), which is in the midst of a huge liquidity crisis, has got a one-month relief from proceedings filed against the company by banks and other creditors as the National Company Law Appellate Tribunal (NCLAT) has stayed all such proceedings against the company and …
Read More »Yameen blames defeat on ‘disappearing ink’
Outgoing Maldives President Abdulla Yameen has told the Supreme Court that disappearing ink and specially treated ballot papers were to blame for his heavy election defeat last month. The comments came as the court considered a petition by Mr. Yameen to have the September 23 election result annulled due to …
Read More »Bangladesh editors protest ‘anti-press’ law
Bangladeshi newspapers’ editors on Monday staged a protest demanding sweeping amendments to a newly-enacted digital law that journalists and rights groups say will curb freedom of expression. Critics say the measures — including prison sentences for spreading “negative propaganda” — are an attempt by an increasingly autocratic Prime Minister Sheikh …
Read More »Uncertainty plagues U.K. talks with EU over Brexit
The status of Britain’s Brexit talks with the EU continue to be governed by uncertainty as Prime Minister Theresa May stood by her rejection over the weekend of a deal being negotiated with the EU by her own officials. Speaking in Parliament on Monday, the British Prime Minister insisted that …
Read More »Bhutan’s not-so-happy evicted minority
The Himalayan nation of Bhutan, often described as a “Shangri-La” where happiness is equated to wealth, is holding elections this week. But the Lhotshampa people, brutally driven out of the small kingdom in the 1990s, won’t be voting. The Nepali-speaking Lhotshampa were branded as immigrants and stripped of citizenship rights …
Read More »U.K.’s Brexit talks with EU take a dramatic turn
Britain’s Brexit talks with the EU took another dramatic turn over the weekend as — faced with growing opposition from within her own party ranks, some Cabinet ministers and Northern Ireland’s Democratic Unionist Party — Prime Minister Theresa May rejected terms of a deal being negotiated by her own officials …
Read More »‘Rogue killers could be behind Khashoggi disappearance’
Trump speaks to Saudi King; says he denied any knowledge on missing scribe Turkish investigators were to search the Saudi consulate in Istanbul on Monday for the first time since journalist Jamal Khashoggi disappeared, as King Salman denied any knowledge of his fate in talks with U.S. President Donald Trump. …
Read More »Chinese troops briefly came to Indian side in Dibang Valley in Arunachal
Chinese Army men made a brief incursion in July A group of Chinese Army personnel briefly came to the Indian side of the Line of Actual Control in Dibang Valley of Arunachal Pradesh on July 25 but returned after Indian security personnel objected to it, official sources said. They said …
Read More »