Top news

NEW DELHI: Power and road transport ministries have been asked for clarity on recovery of penalties imposed on carmakers for failing to meet the Corporate Average Fuel Efficiency (CAFE) norms. CAFE, a mandatory regulatory standard, sets limits on average CO2 emissions or fuel consumption for the entire fleet of vehicles sold by a carmaker.It’s learnt…

MUMBAI: HDFC Bank‘s interim chairman Keki Mistry said the bank’s management reviews every issue and takes corrective action. His comments come in the wake of the sudden resignation of former chairman Atanu Chakraborty three days ago, citing misalignment between certain practices and his values and ethics.Chakraborty’s exit has been marked by investor anxiety, sharp market…

NEW DELHI: SC judge Ujjal Bhuyan Sunday said the political executive’s goal of Viksit Bharat by 2047 requires more room for debate and dissent without criminalising these, and erasure of “deep social fault lines” reflected in caste-based discrimination and atrocities on Dalits. Addressing the first national conference of SC Bar Association in Bengaluru, Justice Bhuyan…

MUMBAI: As the global markets enter the fourth week of the war in West Asia, in the domestic market oil & gas, banking and auto stocks are expected to be the main focus of Dalal Street investors in the new but truncated trading week. During the first three weeks, as crude oil prices jumped about…

JAMMU: Jammu Police arrested a drug peddler and seized from him around 262g heroin, worth approximately Rs 1.5 crore in the international market, along with Rs 1.5 lakh cash, a cellphone, and a weighing machine, on Saturday.A police naka team, led by PSI Rajan Choudhary, was deployed at Tutray Chowk Ring Road and spotted the…

MUMBAI: Kotak Mahindra Bank said on Saturday that its wholly-owned subsidiary Kotak Mahindra Capital Company (KMCC) will sell close to 31% stake in Infina Finance – a capital market lending arm – to a group of investors including the estate of Rakesh Jhunjhunwala through Aryaman, Aryavir, and Nishtha Jhunjhunwala Discretionary Trusts, Derive Trading and Resorts,…

In a hugely provocative statement, Abdul Basit, former high commissioner of Pakistan to India, has said that striking Indian cities like New Delhi and Mumbai should be Islamabad’s “default move” if the country comes under attack from the US.“America won’t attack Pakistan’s nuclear arsenal. Even if we believe that in a hypothetical situation, America attacks…

HDFC Bank CEO and MD Sashidhar Jagdishan said in an interview with TOI that there were matters on which he and the former chairman agreed to disagree, and these were dealt with maturity on the board, and his resignation came as a surprise. However, Chinese whispers gave these a dramatic flavour outside.When did you come…

NAGPUR: Veteran BJP leader Datta Meghe passed away on Sunday evening at the age of 89, his close aide and former Nagpur deputy mayor Raghunath Malikar said.Meghe is the father of Hingna MLA Sameer Meghe and former MLC Sagar Meghe.Datta Meghe was a four-time Congress Lok Sabha MP from Nagpur, Ramtek and Wardha and was…

File photo: Tibetan women in markets to cash in on winters Traditional Indo-Tibet trade, suspended during the Covid pandemic in 2020, is set to resume through the Shipki La pass in Himachal Pradesh’s Kinnaur district from June this year, state tribal development and revenue minister Jagat Singh Negi said on Sunday.He said earlier restrictions due…