Crisis

While IndusInd Bank has said that all known discrepancies have now been accounted for, and auditors have combed through its financials extensively, analysts and the market remain wary.

IndusInd Bank’s BCA tied to asset quality, liquidity: Moody’s

To maintain its current BCA, the support of the government may be required, says Alka Anbarasu of Moody's Ratings, speaking to Moneycontrol

Conflict & Commerce: How India's trade with Israel and Iran has changed

Arms and ammunition imports from Israel have risen from around $1 million in FY13 to $104 million in FY24.

India News Highlights: 7 people died due to collapse of a pond embankment in Bharatpur, Rajasthan

India News Highlights: After the embankment gave way, seven young people who were watching the water in the Banganga River perished. The tragedy happened in Rajasthan's Bharatpur. All of the deceased bodies were removed at the same time with assistance from the police and the locals.

Cabinet Meet Outcome Highlights: NDA govt will follow Ambedkar's constitutional provisions on SC, ST reservation

Cabinet Meeting Highlights: Union Minister Ashwini Vaishnaw says, “The Supreme Court recently in a judgement on SC, ST reservation gave certain solutions. Cabinet today discussed this issue at length. Cabinet’s well thought out view on SC, ST reservation is that the NDA government is committed to Dr BR Ambedkar’s constitutional rules and as per Ambedkar’s constitutional provisions, there is no place for creamy layer in SC, ST reservation.”

Shattered glass: Broken and bruised, Bangladesh emerges out of an economic mirage

Bangladesh’s economy was set to expand 6.6 percent in FY25, as per IMF

Bengaluru water crisis: Install aerators in taps or face 50% supply cut and fine, water board tells bulk users

Bangalore Water Supply and Sewerage Board issued an advisory urging the use of flow restrictor/aerator for bulk users such as malls, commercial complexes, apartments, government buildings, luxury hotels, restaurants, and public places, including religious places.

Water scarcity: Bengaluru water board mandates installation of aerators in taps

Bangalore Water Supply and Sewerage Board mandates aerator installations for apartments, commercial establishments, industries, luxury hotels, restaurants and public places by March 31, citing potential water savings of 60-85%

Bengaluru water crisis: Karnataka CM directs filling of 14 major lakes with treated water

55 out of 110 newly added villages to BBMP face water shortage; sufficient drinking water storage in Cauvery and Kabini reservoirs till June, assures Siddaramaiah

Tech capital Bengaluru launches four apps to tackle water crisis

Karnataka deputy CM DK Shivakumar said Bengaluru is facing a rainfall deficit, with 6,900 out of 13,900 bore wells having dried up.

MC Interview: Bengaluru water board chief assures there’s enough drinking water to last till monsoon; says misinformation campaign is on to defame city

 In an interview with Moneycontrol, Chairman of the Bangalore Water Supply and Sewerage Board, Dr V Ram Prasath Manohar said there is no shortage of drinking water and that the present scarcity primarily arises from borewells drying up. He is confident of handling the crisis with the co-operation of the public and assures that there is no reason for panic.

Amid crisis, Bengaluru bans potable water usage for car washing, gardening; imposes Rs 5,000 fine

Bengaluru Water Supply and Sewerage Board (BWSSB) has prohibited the use of drinking water for car washing, gardening, construction, fountains, road repairs, and maintenance.

Water crisis: Bengaluru civic agency opens war room; milk tankers to be used for water supply

219 private water tankers out of 3,500 are registered with the Bengaluru civic agency so far, and those unregistered will be seized after March 7, Deputy CM DK Shivakumar said

Bengaluru gated communities face water crisis after govt takes over private water tankers

Karnataka transport department officials told Moneycontrol that they seized eight water tankers in Bengaluru on Saturday

First floods, now dry days: Decoding tech hub Bengaluru’s water woes

Gated communities are rationing water to residents, bore wells are running dry, and tankers are being called in even before the peak of summer. The government claims the situation will improve in outer areas by May 2024

Dunzo slapped with legal notices from seven companies over pending dues

From around March this year, Dunzo has received a legal notice from at least seven entities which include Google India, Nilenso, Clover Ventures, Facebook, Cupshup, Koo and Glance. In all, these total to about Rs 11.4 crore, nearly double of Rs 5-6 crore that was estimated earlier.

Byju's not just my work, my life: Founder Raveendran writes to employees

Byju Raveendran said he spent 18 hours a day at Byju’s for the last 18 years, in a detailed note shared with employees hours after a 45-minute town hall where he addressed employees for the first time amid the ongoing crisis.

World Bank approves $700 million for crisis-hit Sri Lanka

About $500 million of the funds will be allocated for budgetary support while the remaining $200 million will be for welfare support earmarked for those worst hit by the crisis.

PowerWatch | India's power demand peaked at 211.6 GW during weekend

At least 35 million tonnes of coal are stocked at thermal power plants.

Sudan faces displacement crisis as truce talks yield no progress

The violence has accelerated a wave of people fleeing their homes, with the number of people internally displaced inside Sudan more than doubling in a week to more than 700,000 the U.N.'s migration agency said.

Present tense, future imperfect for employees as Go First heads for insolvency

Go First’s staff has to decide between staying with the airline or joining a rival at a lower salary in the absence of bargaining power

Will US commercial real estate cause the next banking crisis?

The Silicon Valley Bank crisis has led to depositors pulling out monies from smaller US banks that dominate lending to the commercial real estate sector.

Sri Lanka slashes fuel prices in welcome relief amid crisis

Minister of Power and Energy Kanchana Wijesekara told reporters different categories of petrol and diesel will be sold at prices from 8% to 26% lower starting Wednesday midnight.

Credit Suisse crisis sends shivers among wealthy Indian investors

Rajesh Cheruvu, chief investment officer and managing director at LGT Wealth India Private Ltd., said in the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous.

SVB impact: Venture debt firms and investors set up emergency lines of credit for startups

Debt firms and VCs are offering specific credit lines, term loans, EMI and revenue-based financing model fusion for helping startups complete their working capital and payroll commitments.