BSNL coop. society scam: main accused arrested

BSNL coop. society scam: main accused arrested

A. R. Gopinathan, accused in the BSNL Engineers Cooperative Society Ltd scam, has reportedly been taken into custody by the Crime Branch. A former president of the society, Mr. Gopinathan was picked up from Kottarakkara. The 73-year-old is accused of cheating depositors in the BSNL Engineers Cooperative Society Ltd (No. T 950) of crores of … Read more

China to revamp science, tech in face of foreign ‘suppression’

China to revamp science, tech in face of foreign ‘suppression’

State Councilor Xiao Jie attends the opening of the first session of the 14th National People’s Congress at The Great Hall of People on March 5, 2023 in Beijing, China. | Photo Credit: Getty Images China will conduct a sweeping revamp of its Science Ministry and tech capabilities, pouring more resources into manufacturing and research … Read more

Adidas unsure what to do with €1.2bn Yeezy goods

Adidas unsure what to do with €1.2bn Yeezy goods

The firm put its nine-year collaboration under review after the artist, who has been diagnosed with bipolar disorder, showed a “White Lives Matter” T-shirt design at Paris Fashion Week, prompting widespread outcry. Days later, he posted anti-Semitic comments on his Twitter account. Source link

SBI raises Rs 3,717 cr via third Tier 1 bond issue of FY23

SBI raises Rs 3,717 cr via third Tier 1 bond issue of FY23

State Bank of India (SBI), the country’s largest lender, has raised Rs 3,717 crore by issuing a Tier 1 bond at a coupon rate of 8.25%. The proceeds of bonds will be used in augmenting the overall capital base of the bank and will strengthen the bank’s capital adequacy ratio, the bank said. This is … Read more

US stocks rise after selloff, labour data on tap

US stocks rise after selloff, labour data on tap

US stock indexes opened slightly higher on Wednesday after a selloff in the previous session, with investors awaiting more comments from Federal Reserve Chair Jerome Powell and job openings data. The Dow Jones Industrial Average rose 15.62 points, or 0.05%, at the open to 32,872.08. The S&P 500 opened higher by 1.18 points, or 0.03%, … Read more