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Losses at Adani Power widened due to fuel shortages and under-utilization of power plants. Photo: Indranil Bhoumik/Mint
Loan losses and provisions rose 63% y-o-y to  ₹1,351.67 crore in Q3. Photo: Mint
Photo: Reuters
Federal Bank did not disclose the financial details of the transaction with True North. Photo: Pradeep Gaur/Mint
 ₹2000 rupees notes (Photo: Reuters)
The MSME sector is the backbone of the Indian economy, said Nitin Gadkari during the launch
Photo: Bloomberg
The new public sector unit will focus on aggregating electricity demand in the country and cater to it and may also take over weak electricity distribution utilities. (Ramesh Pathania/Mint)
The new public sector unit will focus on aggregating electricity demand in the country and cater to it and may also take over weak electricity distribution utilities. (Ramesh Pathania/Mint)

India's power demand surges to record high Wednesday

  • This assumes significance as the Indian economy has been battered by pandemic-induced disruptions. Energy consumption, especially that of electricity and refinery products, is typically linked to overall demand in the economy

Like peers in developed markets, said S&P, emerging markets central banks acted swiftly through a combination of lifting some regulatory requirements (particularly for problem loans recognition) and liquidity injection to help banks cope with the severe economic contractions.
Like peers in developed markets, said S&P, emerging markets central banks acted swiftly through a combination of lifting some regulatory requirements (particularly for problem loans recognition) and liquidity injection to help banks cope with the severe economic contractions.

Banking systems in emerging markets face deterioration in asset quality: S&P

Widespread immunisation, which certain countries might achieve by mid-year, will help pave the way for a return to more normal levels of social and economic activity, said S&P

A pedestrian walks past an ICICI Bank Ltd. branch in Mumbai, India, on Friday, Dec. 4, 2020. Home sales in India's commercial capital jumped to an eight year high in October, according to data from Knight Frank, marking an abrupt turnaround for a market that's spent three years in the doldrums after a�prolonged shadow banking crisis�strangled access to credit. Photographer: Dhiraj Singh/Bloomberg (Bloomberg)
A pedestrian walks past an ICICI Bank Ltd. branch in Mumbai, India, on Friday, Dec. 4, 2020. Home sales in India's commercial capital jumped to an eight year high in October, according to data from Knight Frank, marking an abrupt turnaround for a market that's spent three years in the doldrums after a�prolonged shadow banking crisis�strangled access to credit. Photographer: Dhiraj Singh/Bloomberg (Bloomberg)

ICICI Bank launches ‘InstaFX’ mobile app: Key features, other details explained

  • ICICI Bank is the first bank in the country to offer such facility to money changers
  • InstaFX mobile app allows authorised money changers to complete KYC verification of new customers digitally

Gaming gained prominence during the lockdown months, the Deloitte study found.
India’s per-capita power consumption, at about 1,149 kilowatt-hour (kWh), is among the lowest compared to the global per capita consumption of 3,600 kWh.
India clinched the Border-Gavaskar trophy on Tuesday. AFP
Photo: Mint
Poster of the show 'Tandav'
Sebamed asked consumers to take action by calling its toll free numbers for free pH test kits
The International Energy Agency cut its outlook for oil demand in 2021 (MINT_PRINT)
The move comes amid RBI beginning to normalize liquidity operations
Axis Bank has tied up with Poshvine to offer benefits.
ONGC has notified seven new discoveries (four pools and three prospects) in FY21 so far. (File Photo: Reuters)
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