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India’s Reliance Communications says SBI to report its loan accounts as ‘fraud’

July 2 (Reuters) – India’s Reliance Communications (RLCM.NS), opens new tab said late on Tuesday that State Bank of India (SBI.NS), opens new tab has decided to report its loan account as “fraud” in a case dating back to August 2016. The state-run lender would also report the name of Reliance Communications’ former director Anil Dhirajlal Ambani to the Reserve Bank of India, the company said, under rules that require key management personnel of fraud accounts to be reported to the regulator. The firm, which is undergoing insolvency proceedings, is a group firm of the Anil Ambani-led Reliance Group. Anil

Quad ministers condemn April attack in Indian Kashmir without naming Pakistan

WASHINGTON, July 2 (Reuters) – The Quad grouping of the United States, India, Japan and Australia called on Tuesday for the perpetrators of an Islamist militant attack that killed 26 in India-administered Kashmir to be brought to justice without delay. The April 22 attack sparked heavy fighting between nuclear-armed India and Pakistan in the latest escalation of a decades-old rivalry as India blamed it on Pakistan, which denied responsibility while calling for a neutral investigation. The U.S. State Department issued, a joint statement by the foreign ministers of the grouping, who met in Washington, but stopped short of naming Pakistan

“Super Premium Frequent Flier PM…”: Congress MP Jairam Ramesh attacks PM Narendra Modi ahead of his 5-nation visit

New Delhi [India], July 1 (ANI): Congress MP Jairam Ramesh took a jibe at Prime Minister Narendra Modi on Tuesday, ahead of his five-nation visit. The Congress leader alleged that PM Modi is running away from national issues.Sharing an X post, Jairam Ramesh wrote, “When the going gets tough, the self-styled toughs get going. The Super Premium Frequent Flier PM is off on a 5-nation, 8-day jaunt. He is running away from at least 4 issues that are agitating the nation.” Listing the national issues, Ramesh targeted PM Modi over the ethnic violence in Manipur. “1. Manipur, which he has

Stock markets rebound in early trade mirroring rally in global peers

Mumbai, Jul 1 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amid a rally in global markets. Moreover, buying in blue-chip stocks — Reliance Industries and HDFC Bank — also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25. From the Sensex firms, Asian Paints, Bharat Electronics, UltraTech Cement, Reliance Industries, HDFC Bank and HCL Tech were among the gainers. However, Trent, Axis Bank, Eternal

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