Solar companies seek duty on Chinese wafers, ingots

NEW DELHI: India has achieved self-sufficiency in solar module manufacturing. But the feat has rendered domestic producers of polysilicon, wafers and ingots – the building blocks for modules – vulnerable to dumping by China-owned companies.The manufacturers of these inputs, who make up the solar industry‘s upstream segment, are now seeking safeguard duty (SGD) against Chinese…

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IHFL, DB promoters get relief in DHFL-Yes Bank loan fraud case | India News

MUMBAI: A special court rejected CBI‘s chargesheet against Indiabulls Housing Finance Ltd (IHFL), share broker Sanjay Dangi, and DB Realty promoters (Shahid Balwa and Vinod Goenka) along with their associate firms in Rs 4,733 crore DHFL-Yes Bank loan fraud case. The court concluded there was inadequate proof to demonstrate their participation in any bank fraud…

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IndusInd bank well-capitalised; no need for depositors to worry: RBI

The Reserve Bank of India (RBI) reassured depositors and stakeholders about IndusInd Bank’s financial health, saying that the bank is well-capitalised and remains stable despite ongoing concerns.In a statement released on Saturday, the central bank said, “The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank…

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India sees explosive rise in illegal online Gambling, 1.6 billion visits in 3 months

NEW DELHI: Illegal online financial activities, including betting and gambling, have surged dramatically in India in recent years. A report by the Digital India Foundation revealed that digital platforms recorded a staggering 1.6 billion visits in just three months across four major websites.The report highlighted that the majority of these visits were organic, exceeding 184…

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