Australia vs England 4th Ashes Test Live: A fired-up England struck six times before lunch to stay in the contest on another chaotic day of the fourth Ashes Test on Saturday, even as a brittle Australia stretched their lead to 140 runs. At the interval on day two, in front of another packed Melbourne Cricket…
Back in December 2024, a heartwarming moment from the Raj Kapoor centenary celebrations captured everyone’s attention. Veteran actress Rekha was seen sharing an emotional exchange with Agastya Nanda, grandson of legendary actor Amitabh Bachchan. The video from the event soon went viral and has resurfaced again ahead of the release of Agastya’s film ‘Ikkis’. Rekha…
CHITRADURGA/BENGALURU: The passengers who escaped the bus fire after a collision with a truck near Hiriyur, Karnataka, in the early hours of Thursday said surviving the flames was only the first battle; the second was the long wait in the bitter night cold for medical help.While three passengers in the sleeper coach survived serious wounds…
NEW DELHI: Two Tata Steel subsidiaries were sued for $1.6 billion by an NGO in the Netherlands for alleged adverse health and environmental impacts from its steel plant in the Dutch village of Velsen-Noord.In a regulatory filing, Tata Steel said that Stichting Frisse Wind.nu (SFW) filed a case before a court in North Holland against…
NEW DELHI: Four years after RBI ordered insolvency action against Srei Infrastructure Finance and Srei Equipment Finance, Punjab National Bank on Friday reported a loan fraud of Rs 2,434 crore committed by the erstwhile promoters of the two non-bank finance companies to the regulator.It reported a fraud of Rs 1,241 crore in the case of…
NEW DELHI: The committee of creditors (CoC) cannot modify or alter a resolution plan for reallocation of funds of dissenting creditors, after it is approved, insolvency appellate tribunal NCLAT has said. Dismissing an appeal by Bank of Baroda in the Reliance Communications Infrastructure (RCIL) matter, NCLAT said the assenting members of the CoC cannot alter…
MUMBAI: Sensex dropped 367 points on Friday, marking its third consecutive day of losses, amid foreign fund outflows and a lack of major domestic triggers. In a low-volume trade, the 30-share index dropped 0.4% to settle at 85,041. The 50-share Nifty declined by 100 points to 26,042, registering its second day of decline. “Overall, Indian…
MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions. The penalty follows Irdai’s examination of transactions across FY19, FY20 and FY21. According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed…
BHUBANESWAR/BERHAMPUR/HYDERABAD: He vanished at will — sometimes robed as a swamiji, stick in hand, towel over his shoulder — shedding names as easily as trails. On Thursday, bullets caught up with Maoist commander Paka Hanumanthu, better known as Ganesh Uike, with a collective bounty of Rs 1.1 crore, who refused to surrender and died in…
MUMBAI: Insurers are expected to adopt more disciplined underwriting and pricing strategies as the Irdai transitions to Risk-Based Capital (RBC) norms, moving away from a ‘one-size-fits-all’ solvency model to align capital requirements with actual risk profiles. Simultaneously, the regulator has cleared the implementation of IFRS 17 (Ind AS 117), which fundamentally redefines the ‘topline’ by…
