15 India-bound ships carrying urea, DAP and sulphur cross Hormuz: Govt

Despite the recent Middle East disruptions, India’s fertiliser supply has remained largely on track, with most shipments crossing the Strait of Hormuz safely and domestic production exceeding targets, according to the ministry of chemicals and fertilisers.The ministry said that out of 20 vessels carrying fertilisers and raw materials for India, 15 have successfully crossed the … Read more

‘No such proposal for exporting E20 petrol’: Centre dismisses Bhutan E20 rejection claims

The ministry of petroleum and natural gas (MoPNG) on Sunday dismissed reports claiming that Bhutan had refused to import India’s E20 petrol, stating that no such offer had ever been made by the country’s oil marketing companies (OMCs). Calling the claims incorrect, the ministry said there is no proposal to export E20 petrol to Bhutan.In … Read more

US tops the global economic chart—but for how long? Deutsche Bank flags biggest risk

The United States may continue to lead the global economy, but its growing debt burden has emerged as the biggest risk to its economic pillar. According to a Deutsche Bank Research Institute report, America’s debt burden has emerged as the biggest threat to its long-term economic leadership, with mounting deficits and rising borrowing costs gradually … Read more

Pakistan’s public money a privilege? World Bank report reveals stark fiscal faultlines

Years of fiscal decentralisation have failed to narrow Pakistan’s regional spending disparities, with provincial capitals continuing to receive significantly higher public spending per person than the rest of their provinces.According to the World Bank’s Strengthening Fiscal Federalism report, cited by The Express Tribune, Quetta recorded the widest spending gap among provincial capitals. Per capita expenditure … Read more

Market recap: Top-10 firms add Rs 1 lakh crore in market capitalisation; Airtel, Bajaj Finance lead gains

Dalal Street ended the last week with gains, with six of the country’s 10 most valued companies together adding more than Rs 1 lakh crore to their market capitalisation. Bharti Airtel and Bajaj Finance emerged as the biggest gains as equities ended the week on a positive note.The broader market remained firm, with the BSE … Read more

Ex-CFO of RCap, Amit Bapna, held in connection with ADAG probe

NEW DELHI: CBI has arrested Amit Bapna, former chief financial officer of Reliance Capital Ltd, in connection with the ongoing investigation into the Reliance ADA Group cases.Investigation has allegedly revealed that Bapna, who served as CFO at Reliance Capital Ltd from Aug 2014 to Dec 2019, was one of the key decision-makers responsible for managing … Read more