Faced with deposit growth challenges, Canara Bank launched a unique internal campaign by asking each of its 82,000 employees to contribute towards deposit mobilisation. Resultantly, the bank collected Rs 16,700 crore within just ten weeks, a top official has said.The initiative began on January 26, 2024, amid a system-wide slowdown in deposit accretion. The bank’s…
About 130,000 Igloo coolers were recalled on Thursday after consumers reported 78 fingertip injuries from the cooler’s tow handle, 26 of which led to fingertip amputations, bone fractures or cuts, according to the U.S. Consumer Product Safety Commission. This warning expands an initial recall issued in February of more than one million 90-quart Igloo Flip…
Regional airline Star Air on Saturday announced the launch of direct flights from Kolhapur to Bengaluru, Hyderabad, and Nagpur starting May 15, as part of its summer schedule expansion.Currently, the airline operates 16 weekly flights (direct and via) from Kolhapur to Ahmedabad, Mumbai, and Tirupati. With the addition of three new destinations, the number of…
Realty developer Trinity has awarded a Rs 510 crore construction contract to BL Kashyap and Sons Ltd for its upcoming luxury residential project in Gurugram, the company said in a statement on Sunday.The project, named Sky Palazzo Residences, will be developed in Sector 88B, Gurugram.Vineet Kashyap, Managing Director of BL Kashyap and Sons Ltd, expressed…
Around 100 flights to and from Delhi’s Indira Gandhi International Airport were cancelled on Sunday, a source said, as heightened security measures were implemented and multiple airports in northern and western India were temporarily shut amid tensions between India and Pakistan.The cancellations followed a mutual understanding reached between India and Pakistan on Saturday to cease…
India has excluded British wines from any import duty concessions and is offering only limited relief on UK beer under the recently concluded free trade agreement (FTA) with the United Kingdom, a senior official has said.The FTA, announced on May 6, also excludes several other sensitive agricultural products from tariff reductions. These include dairy products,…
India and the European Union (EU) will begin the 11th round of negotiations on the proposed Free Trade Agreement (FTA) from Monday, aiming to conclude the first phase of the pact as early as possible, a government official told news agency PTI.The discussions, scheduled to continue until May 16 in New Delhi, mark the next…
Amid a steady stream of new trade policies in President Trump’s first three months in office, there is one that Andy Musliner, who owns a small toy business in Maryland, can get behind. That’s the ending of a duty-free loophole for cheap goods from China. Mr. Trump this month scrapped a provision that had allowed…
Foreign investors have injected Rs 14,167 so far this month, showing confidence in the country’s equity market despite the India Pakistan conflict. This inflow was primarily driven by positive global cues and India’s strong domestic economic fundamentals. This followed a net investment of Rs 4,223 crore in April, which marked the first inflow after a…
Saudi Arabia’s oil giant, Aramco, has reported a 4.6% decline in its first-quarter profits, weighed down by falling global oil prices, which have pressurised the country’s ambitious multi-trillion-dollar development plans.The company posted $26 billion in net profit for the quarter ending March against the $27.2 billion earned during the same period last year. However, the…
