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RBI Clarifies NBFC and CIC Definitions After Rejecting Tata Sons' CoR Surrender

The Reserve Bank of India (RBI) released an FAQ document clarifying that a Core Investment Company (CIC) is a company engaged in acquiring shares and securities. This clarification came days after RBI rejected Tata Sons' application to surrender its Certificate of Registration (CoR) as an NBFC. The RBI's explanation aims to clear confusion around NBFC and CIC classifications.

Moneycontrol·

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Business

Linda Evangelista Sells NYC Penthouse for $6.75M After Price Cuts

Linda Evangelista sold her West Chelsea penthouse in New York City for $6.75 million after a two-year sales process and multiple price reductions from the original $9.45 million listing. The penthouse features a large layout and terrace, gaining celebrity interest partly due to Keanu Reeves' prior rental. Evangelista has relocated to a nearby apartment in NYC.

TOI World··New York

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World

Captain Smit Machchhar Shifted to Abu Dhabi for Treatment

Captain Smit Machchhar, the Indian pilot injured while preventing a co-pilot's attempt to crash Flydubai flight FZ1073, has been moved to Abu Dhabi for further medical treatment. Initially treated in Tabuk, Saudi Arabia, after an emergency landing, the Ministry of External Affairs praised his bravery and is closely monitoring his health. Indian Ambassador Deepak Mittal visited him and his family in Abu Dhabi.

News18··Abu Dhabi

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World

Kashmir’s Nadeem Khatib and Omani Pilot Turned Terrorists

Two pilots took drastically different paths from aviation to terrorism. Nadeem Khatib, a Kashmiri pilot trained in the US, left his career to join Al-Badr, trained in Pakistan, and became an armed terrorist in Kashmir. Decades later, an Omani co-pilot attempted to hijack a Flydubai flight with 174 people, stabbing Indian Captain Smit Machchhar, who fought back and prevented a disaster. Both aimed to kill innocents despite their professional backgrounds.

News18·

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Politics

Putin Warns Against Nuclear Use Amid Rising Global Tensions

Russian President Vladimir Putin warned about the dangers of escalating global conflicts and the potential use of nuclear weapons. He stressed the need to avoid weapons of mass destruction in international disputes. Putin criticized Western technical support for Ukraine's military actions and assured that Russia has no plans to attack European countries but will respond to any aggression.

TOI World·

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Politics

Hijab Controversy Erupts at GMC Doda, Kashmir

At GMC Doda in Jammu and Kashmir, a controversy has erupted over hijab-wearing. Female students accused Dr. Madhu Chhib, a professor in the gynecology department, of harassment related to hijab. The students claim hijab is part of their identity and have submitted a written complaint to college management. During protests, SHO Tariq's statement went viral on social media.

News18 Hindi··Doda

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