MUMBAI: Reserve Bank of India has opened the dollar tap by taking on the currency risk itself to draw in overseas money, while nudging state-owned borrowers to look abroad for cheaper funds.RBI will not charge any premium for swapping dollars raised through foreign currency non-resident bank FCNR(B) deposits, effectively absorbing the entire forex risk and…
KOLKATA/NEW DELHI: Trinamool Congress lurched towards its biggest rupture in 28 years Monday after rebel MP Kakoli Ghosh Dastidar claimed support of 20 MPs and wrote to Lok Sabha Speaker Om Birla seeking recognition as a separate parliamentary bloc that would back BJP-led NDA.If the numbers hold, rebels would clear the two-thirds threshold needed to…
NEW DELHI: The Supreme Court was extremely disappointed on Monday to find that a man — arrested as a 28-year-old in Nov 1983 for shooting dead a person — waited for more than four decades in the Allahabad high court for a decision on his appeal against conviction and a life term awarded by a…
NEW DELHI: The government expressed regret over renewed attacks in West Asia, saying the latest developments are of utmost concern to the international community.In a statement, ministry of external affairs (MEA) also called on all parties to immediately de-escalate tensions, ensure that civilians are not harmed and conclude ongoing negotiations for a diplomatic solution so…
NEW DELHI: Considering the strategic and economic benefits of Great Nicobar Islands (GNI) development projects, the greenfield airport approved by the Cabinet last November “is expected to be ready within five years and will be under the operational control of the Indian Navy,” defence sources have said.“The dual-use airport to be used for civilian and…
TOI Correspondent from Washington: A federal judge in Massachusetts on Monday struck down President Donald Trump’s controversial $100,000 fee on new H-1B visas, ruling that the administration lacked the legal authority to impose what the court described as an unauthorised tax on employers seeking to hire highly skilled foreign workers.The ruling by US District Judge…
Representative image (AI generated) BENGALURU: More than a century of observations from India’s historic Kodaikanal Solar Observatory, operated by the Indian Institute of Astrophysics (IIA), Bengaluru, has helped scientists uncover new clues about how the Sun’s surface responds to its 11-year activity cycle.The findings, based on an analysis of 34,000 images collected since 1907, could…
A US federal judge on Monday struck down the $100,000 fee that US President Donald Trump had imposed on new H-1B visas for highly skilled foreign workers, calling it unlawful.District Judge Leo Sorokin in Boston issued a ruling in a lawsuit filed by 20 Democratic state attorneys general challenging the fee announced by Trump in…
24 Indian seafarers aboard a vessel reportedly attacked off the coast of Oman (image credit X)) An unladen oil tanker, MT Marivex, with 24 Indian crew members, was disabled and later caught fire in the Gulf of Oman on Monday after a US military action, according to officials.The US military said an F/A-18 Super Hornet…
It begins, as so many Jeffrey Epstein stories do, in a room where power recognised power. In this case, the room was reportedly the Plaza Hotel in New York in the early 1990s. A young woman from Texas, Melanie Starnes, later Dr Melanie Walker, has told people that she was introduced there to Epstein by…