Month: May 2025

[ad_1] NEW DELHI: At least 60 domestic flights at Delhi airport were cancelled on Saturday, as security was tightened and 32 airports in northern and western India were temporarily closed amid rising military tensions between India and Pakistan, a source told news agency PTI.Between 5.00 am and 2.30 pm, the Delhi airport experienced cancellations of 30 departing and 30 arriving domestic flights. The previous day saw 138 flight cancellations at the Delhi airport across various airlines.The Indira Gandhi International Airport (IGIA) has witnessed numerous flight cancellations in recent days.Sharing a post on X, Delhi International Airport Ltd (DIAL) said that airport operations continue as normal. "However, due to evolving airspace conditions and enhanced security measures as directed by the Bureau of Civil Aviation Security, some flight schedules may be impacted and security processing times may take longer," it added.Travellers are […]

[ad_1] NEW DELHI: The Reserve Bank of India (RBI) on Friday fined State Bank of India and Jana Small Finance Bank for failing to follow certain regulatory non-compliances.According to the RBI, it has levied a fine of Rs 1,72,80,000 on SBI for failing to adhere to guidelines concerning "Loans and Advances-Statutory and Other Restrictions", "Customer Protection - Limiting Liability of Customers in Unauthorised Electronic Banking Transactions", and "Opening of Current Accounts by Banks - Need for Discipline".Separately, Jana Small Finance Bank Ltd received a Rs 1 crore penalty for violating particular provisions outlined in the Banking Regulation Act, 1949.The further RBI clarified that in both the cases, the penalties were imposed solely for compliance lapses and do not reflect on the validity of any transactions or agreements between the banks and their customers."The action (against SBI) is based on deficiencies […]

[ad_1] India's market demonstrates superior structural strength. (AI image) India-Pakistan tensions: The reaction of stock markets in India and Pakistan to the rising tensions post Pahalgam terror attack and the ongoing Operation Sindoor so far is an indication of India’s underlying economic strength. The stock markets of India and Pakistan have shown contrasting responses to the rising tensions. India’s Nifty50 has seen a modest decline of 1.52% after Operation Sindoor on May 7, whilst Pakistan's KSE-100 has witnessed a substantial fall of 5.55%.Since the April 22 attack in Jammu and Kashmir’s Pahalgam that resulted in 26 tourist casualties, Pakistan's main stock market index KSE has dropped by 9.5%, whereas the Nifty has shown minimal movement with just a 0.66% decrease.This stock market behaviour highlights an important distinction: India's stock market, being 245 times larger than Pakistan's, demonstrates considerably more stability […]