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BusinessPhoto: Mint CompaniesRBL Bank anticipates a decline in its net interest margin in the December quarter due to the cost impact of approximately ₹34,000 crore raised through FCNR(B) deposits. Currently, much of these funds are parked in lower-yielding investments, but the bank expects to put most of the FCNR(B) funds to profitable use within 2-3 years.
Mint Companies·
PoliticsPhoto: Firstpost WorldElon Musk has donated $276 million to Republican super PACs and organizations in the past three months, totaling $366 million this election cycle. Key donations include $158 million to the Senate Leadership Fund and $20 million to the Congressional Leadership Fund. Musk also contributed to America PAC, Lone Star Liberty PAC, and other GOP groups, signaling strong support ahead of the US midterm elections.
Firstpost World·
BusinessPhoto: Economic TimesProtests in Delhi have led to significant disruptions, causing a notable decline in hotel occupancies citywide. Companies are canceling events and meetings to avoid travel difficulties amid unrest. Many hotels report a sharp drop in food and beverage sales due to fewer guests and restricted access. Some firms have advised employees to work from home because of traffic curbs and security measures.
Economic Times··Delhi
BusinessPhoto: Hindustan TimesPigeon pea prices are nearing their 2023-24 highs, crossing ₹200 per kg in retail, driven by adverse weather, reduced supplies, and rising import costs, reports the India Pulses and Grains Association. Wholesale prices in Akola and Gulbarga rose by ₹17-19 per kg last month. Black gram and chickpea prices also increased due to lower domestic production and import cost hikes amid a falling rupee.
Hindustan Times·
PoliticsPhoto: News18Saudi Crown Prince Mohammed bin Salman is reportedly moving between heavily guarded palaces with bunkers as Houthi missile attacks on Saudi Arabia intensify. He has not appeared publicly since donating blood on Tuesday. The crown prince is protected by a special security team while Yemen’s Houthi rebels target key Saudi infrastructure, raising concerns about the kingdom’s security.
News18·
PoliticsPhoto: Deccan HeraldThe Saudi-led coalition fighting Yemen's Houthis destroyed a ballistic missile fired towards Riyadh on Monday. Saudi Arabia had issued a warning alert for a potential hostile threat in the capital. The Houthis have recently attacked Saudi airports and oil facilities, escalating the conflict linked to the broader US-Iran regional tensions. An Indian national was killed and over 300 injured in a Saudi airport attack.
Deccan Herald··Riyadh
Mint Companies·
Photo: Mint CompaniesRBL Bank anticipates a decline in its net interest margin in the December quarter due to the cost impact of approximately ₹34,000 crore raised through FCNR(B) deposits. Currently, much of these funds are parked in lower-yielding investments, but the bank expects to put most of the FCNR(B) funds to profitable use within 2-3 years.
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