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News stories about "linked" in India.

Posted on: 11 Dec, 09:23 AM

Bank loan rates drop in April, a first in 11 months

Analysts are crediting this drop to seasonality in the credit cycle when growth remains tepid in the first quarter. While both sets of banks saw a month-on-month dip, it was higher for private banks at 44 bps versus 18 bps for public sector banks. Key Points

Govt has collected Rs 600 cr penalty for delay in PAN-Aadhaar linking; 11.48 cr PANs not linked yet

Over Rs 600 crore collected as penalty for not linking PAN with Aadhaar; 11.48 crore PANs still unlinked. Last date for linking PAN with Aadhaar was June 30, 2023. Inoperative PANs face higher TDS and TCS rates. PANs can be made operative again by paying a late fee of Rs 1,000. Key Points

Arvind Kejriwal skips ED summons in money laundering case linked to Delhi Jal Board

Delhi CM Kejriwal skipped ED summons in DJB money laundering case. AAP accuses BJP of targeting him. Facing multiple money laundering probes, Kejriwal missed 8 summons, with 9th notice for questioning on March 21. Key Points

Just 4,000 steps a day reduces risk of early death, study suggests

It takes less walking than previously thought to cut the risk of early death. Benefits are linked to adding just 500 to 1,000 steps a day. Key Points

Productivity-linked bonus announced for employees of Indian Army: Eligibility, bonus calculation and more

The Ministry of Defence mentioned in an order the eligibility, calculation of bonus, and other rules for the productivity-linked bonus. The entitlement has been worked out on the basis of the working results for the year 2022-2023 in accordance with the agreed formula, the ministry said. Read here to find out Key Points

SBI hikes lending rate by 5 basis points

State Bank of India (SBI), country's largest lender, has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) across all tenures, a move that will lead to an increase in EMIs for borrowers. With the increase, EMIs will go up for those borrowers who have availed loans on MCLR, not for those, whose loans are linked to other benchmarks. Key Points

India orders new drug-making standards after overseas deaths

The Indian government has issued a notification requiring pharmaceutical companies to adhere to new manufacturing standards in response to concerns over the quality and safety of drugs. The move comes in the wake of overseas deaths linked to Indian-made drugs since 2022, prompting increased scrutiny of the $50 billion pharmaceutical industry. Key Points

US issues nationwide alert as deadly outbreak linked to popular snack spreads

US has issued a nationwide alert as deadly listeria outbreak linked to a popular grocery store snack has spread rapidly. Read more below. Key Points

Hindustan Times

Munna Bhai MBBS plays out at UPSSC recruitment exam centre; STF arrests 14 cheats

Fourteen people, including seven individuals linked to the solver gangs were nabbed in Special Task Force raids at UPPSC exam centres. Just like in the Sanjay Dutt-starrer Munna Bhai MBBS, one of the impersonators of a candidate was found using a Bluetooth-enabled hearing device. Key Points

India considers testing cough syrups before export: Report

India's health ministry is considering a proposal from the Central Drugs Standard Control Organisation (CDSCO) to test cough syrups for export in government laboratories after Indian-made versions were linked to dozens of deaths last year. Syrups made by companies based near New Delhi were linked to the deaths of at least 70 children in Gambia and 19 in Uzbekistan. Key Points

Uzbekistan cough syrup deaths: Centre seeks cancellation of Marion's license

The development comes a day after Indian authorities arrested three Marion employees and began looking for two directors. The company's products have also been linked to deaths in Uzbekistan. Key Points

Government pitches for APAAR student ID in states

Linked to the Digilocker and ideally the Aadhaar number, the new student ID is envisaged as a universal student identifier throughout the school education system. It is expected to be started off at government and government-aided schools, with a plan for universalisation, the Union education ministry told all the state chief secretaries last month. Key Points

Maiden Pharma denies tampering with tests in probe of cough syrup deaths

Maiden Pharmaceuticals, linked to cough syrups associated with child deaths in Gambia, denied tampering with test samples or bribing officials. An investigation by the state of Haryana's Food and Drug Administration is probing whether a state drug regulator was bribed to switch samples tested by the Indian government, contradicting WHO findings. Key Points

Over Rs 100 crore in cash and counting: Congress MP raided in Jharkhand, Odisha

Tax raids on several locations linked to Jharkhand Congress leader and Rajya Sabha MP Dheeraj Sahu's premises in Odisha led to the recovery of cash worth more than Rs 100 crore on Friday. The BJP has demanded an Enforcement Directorate probe into the matter. Key Points

ED summons 10 Tamil Nadu district collectors in one go. Stalin govt contests 'illegal' move in HC

Petitions on behalf of 5 collectors say order violates PMLA & Constitution. DMK govt asks Madras HC to order interim stay on summons issued over sand mining, in fresh tussle with Centre. Key Points

ED searches 12 locations linked to Tamil Nadu minister Senthil Balaji

The searches are taking place in connection with a job scam allegation. Senthil Balaji’s official residence on Greenways Road and his brother Ashok’s house in the vicinity are among the premises being searched. Key Points

The Indian Express

Costlier retail loans subsidising advances to corporate borrowers

And as it did through 2022, banks were quick to charge retail borrowers more on loans for buying cars, homes or vacations. By contrast, the pace of transmission was positively more circumspect for corporates seeking credit, which is more often than not priced in line with a lender's internal weighted average cost of capital. Key Points

FY'23 loan growth at 11 year high despite steep hike in lending rates

In FY'23, credit growth outweighed deposit growth at its highest rate in eleven years even as banks fully transmitted their lending rates linked to external benchmarks. This may not necessarily be linked to interest rates but rather economic activity, according to the RBI's monetary policy report. Moreover, an analysis of non-food credit and deposit data by the RBI showed that credit growth is supported by deposit growth. Key Points

After 3-hour questioning, ED arrests TMC's Shahjahan for non-cooperation

India News: Sheikh Shahjahan arrested after non-cooperative questioning. Faces 15-16 land grabbing complaints. ED seeks custody in Rs 12 crore properties attached Key Points

AAP alleges ED raids at party leader Deepak Singla's Delhi residence

The ED conducted raids in Delhi at AAP leader Deepak Singla's home. Simultaneously, searches were carried out in Punjab related to a money laundering case linked to a guava orchards compensation scam. Key Points

ED attaches assets worth Rs 1.26 crore in Dehradun cyber fraud case

New Delhi [India], March 26 (ANI): The Enforcement Directorate (ED) has attached assets worth approximately Rs 1.26 crore linked to Dehradun-based A to Z Solutions, which is accused of duping foreign customers by providing fake online support services. The assets were attached in connection with a money laundering case involving A to Z Solutions — […] Key Points

Excise policy scam: BRS leader K Kavitha taken into custody, being brought to Delhi for questioning

BRS MLC K Kavitha detained post searches at Hyderabad home by I-T, ED officials from New Delhi. It was not clear if the action is linked to the now-scrapped Delhi excise policy linked case of the central agency in which the ED has questioned the BRS MLC and daughter of former Telangana chief minister Chandrashekar Rao. Key Points

Can Kerala's antibiotic abuse project inspire India's antimicrobial resistance fight?

In 2019, nearly 300,000 deaths in India were due to AMR. Over 1 million deaths were linked to drug resistance, making infections more challenging to treat. Kerala initiated an AMR action plan in 2018. However, analysts say that Kerala’s approach might not be directly applicable to other states, where access to antibiotics is itself an issue. Key Points

SIPs turn into gulps: 2024 begins with a bang

Gross addition of accounts was also the highest on record at 5.1 million last month, while new SIP account to closure ratio — a measure to gauge how many SIPs accounts opened for one closed — was the best in 25 months at 2.18. The monthly SIP book at Rs 18,872 cr was 7% higher from Dec, the fastest sequential growth in 21 months Key Points

Why metals can’t be a long-term play. What to buy in consumer space? Ashi Anand answers

Ashi Anand says: “A large part of the consumer space has been struggling for growth. But there are certain segments which are doing relatively better. Anything linked to building materials, especially anything going into real estate, related to piping is doing very well and that is where Polycab fits right in.” Key Points

Odisha cash haul set to be India's ‘highest-ever’ as I-T raids intensified

The raids on Boudh Distillery Private Limited began in Odisha, Jharkhand and West Bengal on Wednesday. The company is linked to Congress MP Dheeraj Sahu. | Latest News India Key Points

Hindustan Times

Credit Suisse reinstates independent reviewer on Nazi account probe

Credit Suisse has reinstated an independent reviewer to oversee an investigation into the servicing of Nazi clients and Nazi-linked accounts, according to U.S. lawmakers who have probed the issue. Key Points

Being bullish when bearish narrative is cyclical; 4 ceramic and laminates stocks with upside potential of

The narrative is that monsoon is a bad time for some sectors. Anything linked to construction, whether it is spending on infrastructure projects by the government or private spending on home building, comes down. This brings an element of cyclicality in some industries, right from cement to homebuilding products. However, sometimes, those cycles and narratives are an opportunity which can be utilized for long term investing. Key Points

4 home ceramic and laminates stocks with upside scope of up to 34%

The narrative is that monsoon is a bad time for some sectors, anything linked to construction, whether it is spending on infrastructure by the government or private spending on home building. However, sometimes, those cycles and narratives are an opportunity which can be utilized for long term investing. Key Points