Bengaluru sees low response as schools, shops function normally, partial shutdown in Ramanagara

Metro rail, KSRTC and private buses, cabs and autos are also running normally. BENGALURU: Bengaluru witnessed a low response to the bandh in the morning, with most schools, colleges and other educational institutions functioning normally.Hotels, eataries, shops, commerical establishments and malls are running the business normally.Metro rail, KSRTC and private buses, cabs and autos are…

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India looking to expand strategic petroleum reserves with new facilities in MP, Rajasthan

India is bolstering its energy security by planning strategic reserves of crude oil (representative image) NEW DELHI: India is looking to expand its strategic petroleum reserves with new facilities at Bina in Madhya Pradesh and Bikaner in Rajasthan, besides adding storage capacity at Mangalore, to strengthen the country’s energy security against supply disruptions.According to a…

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New RBI rules may end loan spread tinkering; to standardise rate setting across banks, NBFCs

The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…

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