India

RBI cautions banks on restructured loans, increased slippages in Annual report

The Reserve Bank of India urged banks in the country to monitor credit behaviour of restructured loans and the possibility of increased repayment slippages from sectors more exposed to the pandemic...

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Food security concerns prompt prohibition of wheat exports from India

India announced Friday prohibited all exports of wheat with immediate effect, the country’s Ministry of Commerce and Industry. The ministry said the drastic move was necessary due to “a ...

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Gautam Adani becomes world’s 5th richest, overtakes Warren Buffet

Adani Group chairman, Gautam Adani on Monday became the fifth richest person in the world, overtaking Berkshire Hathaway chairman, ace investor Warren Buffett. According to the Forbes’ r...

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