Divine Lifestyle
India’s largest private sector lender HDFC Bank on Friday said an independent legal review was conducted into the allegations made by the bank’s former part-time chairman Atanu Chakraborty in his resignation letter, which were “not corroborated” by documentary evidence or witness interviews. On March 18, Chakraborty had resigned from the post of part-time chairman and…
French rolling stock maker Alstom was on Friday awarded a five-year maintenance services contract for 250 locomotives of the Indian Railways, worth €107 million. The engines will be maintained at the company’s Nagpur depot. This is a renewal of the previous four-year agreement between the national transporter and Madhepura Electric Locomotive Pvt Ltd (MELPL), the…
The Reserve Bank of India (RBI) on Friday extended its pilot benchmark issuance strategy (BIS) for state government securities to 10 more jurisdictions, including nine states and the Union Territory of Delhi, while indicating that states and Union Territories are expected to raise ₹3.19 trillion through market borrowings during the July-September quarter of the current…
The draft guidelines propose a board-approved model risk management framework (MRMF), which covers all models, including AI/ML models, used by regulated entities. Under the proposed framework, boards will be required to periodically review the MRMF, approve the entity’s risk appetite and tolerance for model risk, and ensure that these assessments are supported by scenario analysis…
Delinquencies are rising by more than 12%, yet loan originations have increased by 50%. Inside the starkly divided reality of 2026’s commercial real estate market. What happened to the commercial real estate crisis after COVID-19? It depends on your point of view. Industry watcher Trepp says defaults on U.S. office-building loans are at an all-time…
By Adeel Hasan A Wikipedia founder who calls himself “Wikipedia’s pre-founder” and has been a critic of Wikipedia since leaving it 20 years ago has been barred from editing its articles. Almost anyone can edit Wikipedia, but changes are checked by others. The site’s editors formed a consensus this week to restrict co-founder…
Hero MotoCorp and global co-working space provider WeWork have leased a combined 3.5 lakh sq ft office space in separate agreements at Delhi’s Worldmark Complex, which is owned by Bharti Real Estate, the real estate arm of Bharti Airtel. According to lease documents obtained by PropStack, both leases commenced on March 1, 2026, with a…
Standard Industries Ltd has handed over the development rights of a prime land parcel in Dadar West to Prabhadevi Developer for ₹169.51 crore, one of the significant redevelopment transactions in the island city of Mumbai this year, according to property documents accessed by CRE Matrix. Property registration documents show that the transaction pertains to plot…
A new report suggests that tokenized securities provide a low-cost framework for rebuilding the country’s oil sector. Venezuela consistently ranks among the top countries for crypto adoption globally, according to a Chainalysis report, due to hyperinflation and sanctions that led to the adoption of cryptocurrencies long before the rest of the world. But one digital…
QOSMIC, a Bengaluru-based deep-tech company building optical communication infrastructure for space, on Wednesday said it has raised $3.33 million in a seed funding round. The funding will accelerate the company’s work in building the data layer of the space economy, a network that moves information between satellites, orbital data centers and ground networks. “The next…
