<?xml version="1.0" encoding="UTF-8"?><rss xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title>Economic Times</title><link>https://economictimes.indiatimes.com</link><description>The Economic Times: Breaking news, views, reviews, cricket from across India</description><language>en-gb</language><copyright>Copyright:(C)Thu, 21 May 2026 02:21:54 Bennett Coleman and Co. Ltd,  http://info.indiatimes.com/terms/tou.html</copyright><docs>http://timescontent.com/</docs><image><title>Economic Times</title><url>https://img.etimg.com/thumb/msid-76939477,quality-100/economictimes.jpg</url><link>https://economictimes.indiatimes.com</link></image><lastBuildDate>Thu, 21 May 2026 02:21:54 +0530</lastBuildDate><atom:link type="application/rss+xml" rel="self" href="https://economictimes.indiatimes.com/rssfeedstopstories.cms"/><item><title><![CDATA[Nvidia posts record $81.6 bn Q1 revenue, up 85% YoY]]> </title><link>https://economictimes.indiatimes.com/markets/us-stocks/news/nvidia-posts-record-81-6-billion-quarterly-revenue-on-ai-spending-boom/articleshow/131235356.cms</link><guid>https://economictimes.indiatimes.com/markets/us-stocks/news/nvidia-posts-record-81-6-billion-quarterly-revenue-on-ai-spending-boom/articleshow/131235356.cms</guid><pubDate>Thu, 21 May 2026 02:07:11 +0530</pubDate></item><item><title><![CDATA[CEOs are getting ruthless about worker performance]]> </title><link>https://economictimes.indiatimes.com/jobs/hr-policies-trends/ceos-are-getting-ruthless-about-worker-performance/articleshow/131224854.cms</link><guid>https://economictimes.indiatimes.com/jobs/hr-policies-trends/ceos-are-getting-ruthless-about-worker-performance/articleshow/131224854.cms</guid><pubDate>Wed, 20 May 2026 16:22:55 +0530</pubDate></item><item><title><![CDATA[IPL 2026: KKR alive in playoff race with win over MI]]> </title><link>https://economictimes.indiatimes.com/news/sports/ipl-2026-kkr-keep-playoff-hopes-alive-by-beating-mumbai-indians-in-crucial-clash/articleshow/131234469.cms</link><guid>https://economictimes.indiatimes.com/news/sports/ipl-2026-kkr-keep-playoff-hopes-alive-by-beating-mumbai-indians-in-crucial-clash/articleshow/131234469.cms</guid><pubDate>Thu, 21 May 2026 00:26:10 +0530</pubDate></item><item><title><![CDATA[EU’s late-night US deal averts Trump's tariff shock]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/eu-finalizes-trade-deal-with-us-to-avert-trump-tariff-threats-ahead-of-july-deadline/articleshow/131230398.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/eu-finalizes-trade-deal-with-us-to-avert-trump-tariff-threats-ahead-of-july-deadline/articleshow/131230398.cms</guid><pubDate>Wed, 20 May 2026 21:21:57 +0530</pubDate></item><item><title><![CDATA[Nods for Rs 30k cr shipbuilding cluster in AP soon]]> </title><link>https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/nods-for-rs-30000-crore-shipbuilding-cluster-in-andhra-pradesh-this-month-minister-sonowal/articleshow/131235128.cms</link><guid>https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/nods-for-rs-30000-crore-shipbuilding-cluster-in-andhra-pradesh-this-month-minister-sonowal/articleshow/131235128.cms</guid><pubDate>Thu, 21 May 2026 01:16:36 +0530</pubDate></item><item><title><![CDATA[Iran shock can take ₹10.9L cr load off India's back]]> </title><link>https://economictimes.indiatimes.com/industry/renewables/e100-rs-10-9-lakh-crore-burden-iran-shock-can-take-a-load-off-indias-back-tata-mahindra-hero/articleshow/131221435.cms</link><guid>https://economictimes.indiatimes.com/industry/renewables/e100-rs-10-9-lakh-crore-burden-iran-shock-can-take-a-load-off-indias-back-tata-mahindra-hero/articleshow/131221435.cms</guid><pubDate>Wed, 20 May 2026 14:15:30 +0530</pubDate></item><item><title><![CDATA[West Asia war fails to slow oil PSUs' capex push]]> </title><link>https://economictimes.indiatimes.com/industry/energy/oil-gas/west-asia-conflict-fails-to-slow-oil-psus-capex-push/articleshow/131235005.cms</link><guid>https://economictimes.indiatimes.com/industry/energy/oil-gas/west-asia-conflict-fails-to-slow-oil-psus-capex-push/articleshow/131235005.cms</guid><pubDate>Thu, 21 May 2026 01:08:25 +0530</pubDate></item><item><title><![CDATA[Xi, Putin find common cause on Trump but not on gas]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/xi-and-putin-condemn-us-policies-while-pursuing-elusive-gas-deal/articleshow/131228453.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/xi-and-putin-condemn-us-policies-while-pursuing-elusive-gas-deal/articleshow/131228453.cms</guid><pubDate>Wed, 20 May 2026 19:21:35 +0530</pubDate></item><item><title><![CDATA[As R&amp;D faces funding crunch, Niti suggests fixes]]> </title><link>https://economictimes.indiatimes.com/news/economy/policy/as-indias-rd-faces-funding-talent-crunch-niti-panel-suggests-50-fixes/articleshow/131234829.cms</link><guid>https://economictimes.indiatimes.com/news/economy/policy/as-indias-rd-faces-funding-talent-crunch-niti-panel-suggests-50-fixes/articleshow/131234829.cms</guid><pubDate>Thu, 21 May 2026 01:03:53 +0530</pubDate></item><item><title><![CDATA[Bengal CM announces 'detect, delete, deport' drive]]> </title><link>https://economictimes.indiatimes.com/news/india/bengal-cm-suvendu-adhikari-announces-detect-delete-deport-drive/articleshow/131234733.cms</link><guid>https://economictimes.indiatimes.com/news/india/bengal-cm-suvendu-adhikari-announces-detect-delete-deport-drive/articleshow/131234733.cms</guid><pubDate>Thu, 21 May 2026 00:49:24 +0530</pubDate></item><item><title><![CDATA[Nagas urge CM to deploy more forces]]> </title><link>https://economictimes.indiatimes.com/news/defence/nagas-urge-cm-to-deploy-more-forces/articleshow/131234687.cms</link><guid>https://economictimes.indiatimes.com/news/defence/nagas-urge-cm-to-deploy-more-forces/articleshow/131234687.cms</guid><pubDate>Thu, 21 May 2026 00:43:05 +0530</pubDate></item><item><title><![CDATA[FIFA may miss big Indian fan crowd this WC]]> </title><link>https://economictimes.indiatimes.com/news/sports/fifa-may-miss-big-indian-fan-crowd-this-world-cup/articleshow/131234291.cms</link><guid>https://economictimes.indiatimes.com/news/sports/fifa-may-miss-big-indian-fan-crowd-this-world-cup/articleshow/131234291.cms</guid><pubDate>Thu, 21 May 2026 00:19:40 +0530</pubDate></item><item><title><![CDATA[FAO confers Agricola Medal on PM Modi]]> </title><link>https://economictimes.indiatimes.com/news/india/pm-modi-awarded-prestigious-fao-agricola-medal-for-sustainable-agriculture-and-food-security/articleshow/131229664.cms</link><guid>https://economictimes.indiatimes.com/news/india/pm-modi-awarded-prestigious-fao-agricola-medal-for-sustainable-agriculture-and-food-security/articleshow/131229664.cms</guid><pubDate>Wed, 20 May 2026 20:23:07 +0530</pubDate></item><item><title><![CDATA[How did Putin and Trump's visits to China compare?]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/how-did-putin-and-trumps-visits-to-china-compare/articleshow/131230009.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/how-did-putin-and-trumps-visits-to-china-compare/articleshow/131230009.cms</guid><pubDate>Wed, 20 May 2026 20:44:21 +0530</pubDate></item><item><title><![CDATA[Streaming platforms bet big on South Indian hits]]> </title><link>https://economictimes.indiatimes.com/industry/media/entertainment/streaming-platforms-double-down-on-south-indian-hits/articleshow/131229959.cms</link><guid>https://economictimes.indiatimes.com/industry/media/entertainment/streaming-platforms-double-down-on-south-indian-hits/articleshow/131229959.cms</guid><pubDate>Wed, 20 May 2026 20:37:33 +0530</pubDate></item><item><title><![CDATA[Eurobank begins UPI-based remittances from Greece]]> </title><link>https://economictimes.indiatimes.com/nri/invest/eurobank-begins-upi-based-remittances-from-greece/articleshow/131229481.cms</link><guid>https://economictimes.indiatimes.com/nri/invest/eurobank-begins-upi-based-remittances-from-greece/articleshow/131229481.cms</guid><pubDate>Wed, 20 May 2026 20:13:25 +0530</pubDate></item><item><title><![CDATA[Stellantis eyes Dongfeng, JLR tie-ups]]> </title><link>https://economictimes.indiatimes.com/industry/auto/auto-news/stellantis-plans-partnerships-with-dongfeng-in-europe-jlr-in-us/articleshow/131229278.cms</link><guid>https://economictimes.indiatimes.com/industry/auto/auto-news/stellantis-plans-partnerships-with-dongfeng-in-europe-jlr-in-us/articleshow/131229278.cms</guid><pubDate>Wed, 20 May 2026 20:08:58 +0530</pubDate></item><item><title><![CDATA[India needs to slam brakes on money exits to save ₹]]> </title><link>https://economictimes.indiatimes.com/news/economy/policy/citi-sees-india-tightening-currency-controls-to-halt-rupee-slump/articleshow/131220741.cms</link><guid>https://economictimes.indiatimes.com/news/economy/policy/citi-sees-india-tightening-currency-controls-to-halt-rupee-slump/articleshow/131220741.cms</guid><pubDate>Wed, 20 May 2026 13:20:09 +0530</pubDate></item><item><title><![CDATA[How to get Rs 1K-Rs 5K monthly APY pension]]> </title><link>https://economictimes.indiatimes.com/wealth/invest/apy-pension-calculator-how-to-get-rs-1000-rs-5000-monthly-pension-under-atal-pension-yojana/articleshow/131228179.cms</link><guid>https://economictimes.indiatimes.com/wealth/invest/apy-pension-calculator-how-to-get-rs-1000-rs-5000-monthly-pension-under-atal-pension-yojana/articleshow/131228179.cms</guid><pubDate>Wed, 20 May 2026 19:00:55 +0530</pubDate></item><item><title><![CDATA[BCCI domestic season to start with Duleep Trophy]]> </title><link>https://economictimes.indiatimes.com/news/sports/bcci-domestic-season-2026-27-to-kick-off-with-duleep-trophy-on-august-23-full-schedule-ranji-trophy/articleshow/131226091.cms</link><guid>https://economictimes.indiatimes.com/news/sports/bcci-domestic-season-2026-27-to-kick-off-with-duleep-trophy-on-august-23-full-schedule-ranji-trophy/articleshow/131226091.cms</guid><pubDate>Wed, 20 May 2026 17:20:51 +0530</pubDate></item><item><title><![CDATA[When will PM Kisan’s 23rd instalment be out?]]> </title><link>https://economictimes.indiatimes.com/wealth/save/pm-kisan-23rd-instalment-date-2026-when-can-farmers-expect-next-rs-2000-payment/articleshow/131227105.cms</link><guid>https://economictimes.indiatimes.com/wealth/save/pm-kisan-23rd-instalment-date-2026-when-can-farmers-expect-next-rs-2000-payment/articleshow/131227105.cms</guid><pubDate>Wed, 20 May 2026 17:56:33 +0530</pubDate></item><item><title><![CDATA[Milma to raise milk price from June 1]]> </title><link>https://economictimes.indiatimes.com/industry/cons-products/food/milma-to-raise-milk-price-by-rs-4-per-litre-from-june-1/articleshow/131227012.cms</link><guid>https://economictimes.indiatimes.com/industry/cons-products/food/milma-to-raise-milk-price-by-rs-4-per-litre-from-june-1/articleshow/131227012.cms</guid><pubDate>Wed, 20 May 2026 17:48:35 +0530</pubDate></item><item><title><![CDATA[8th CPC- Railway body asks for ₹52K minimum pay]]> </title><link>https://economictimes.indiatimes.com/wealth/save/8th-pay-commission-latest-update-railway-technical-staff-seek-multiple-fitment-factors-higher-hra-pay-fix/articleshow/131224598.cms</link><guid>https://economictimes.indiatimes.com/wealth/save/8th-pay-commission-latest-update-railway-technical-staff-seek-multiple-fitment-factors-higher-hra-pay-fix/articleshow/131224598.cms</guid><pubDate>Wed, 20 May 2026 16:19:01 +0530</pubDate></item><item><title><![CDATA[Sell 100 grams of gold to help India; Feroze Azeez]]> </title><link>https://economictimes.indiatimes.com/markets/expert-view/sell-100-grams-of-gold-to-help-india-feroze-azeez-makes-the-case/articleshow/131225820.cms</link><guid>https://economictimes.indiatimes.com/markets/expert-view/sell-100-grams-of-gold-to-help-india-feroze-azeez-makes-the-case/articleshow/131225820.cms</guid><pubDate>Wed, 20 May 2026 17:00:33 +0530</pubDate></item><item><title><![CDATA[ICICI debit cards: Foreign transactions costlier]]> </title><link>https://economictimes.indiatimes.com/wealth/save/foreign-transactions-on-icici-bank-debit-cards-to-get-costlier-check-revised-fee-structure-for-coral-rubyx-and-many-other-cards/articleshow/131224038.cms</link><guid>https://economictimes.indiatimes.com/wealth/save/foreign-transactions-on-icici-bank-debit-cards-to-get-costlier-check-revised-fee-structure-for-coral-rubyx-and-many-other-cards/articleshow/131224038.cms</guid><pubDate>Wed, 20 May 2026 15:56:58 +0530</pubDate></item><item><title><![CDATA[Modi, Meloni script new strategic chapter]]> </title><link>https://economictimes.indiatimes.com/news/india/india-italy-strengthen-ties-with-special-strategic-partnership-focused-on-defence-and-trade/articleshow/131225803.cms</link><guid>https://economictimes.indiatimes.com/news/india/india-italy-strengthen-ties-with-special-strategic-partnership-focused-on-defence-and-trade/articleshow/131225803.cms</guid><pubDate>Wed, 20 May 2026 16:57:54 +0530</pubDate></item><item><title><![CDATA[Why your old forgotten UPI ID may be a security risk]]> </title><link>https://economictimes.indiatimes.com/wealth/save/how-your-old-forgotten-upi-ids-may-become-a-security-risk-and-how-to-protectyourself/articleshow/131195220.cms</link><guid>https://economictimes.indiatimes.com/wealth/save/how-your-old-forgotten-upi-ids-may-become-a-security-risk-and-how-to-protectyourself/articleshow/131195220.cms</guid><pubDate>Tue, 19 May 2026 14:10:17 +0530</pubDate></item><item><title><![CDATA[FIIs won't return to India in a hurry: Amar Ambani]]> </title><link>https://economictimes.indiatimes.com/markets/expert-view/fiis-wont-return-to-indian-markets-in-a-hurry-only-3-triggers-may-bring-them-back-amar-k-ambani/articleshow/131225509.cms</link><guid>https://economictimes.indiatimes.com/markets/expert-view/fiis-wont-return-to-indian-markets-in-a-hurry-only-3-triggers-may-bring-them-back-amar-k-ambani/articleshow/131225509.cms</guid><pubDate>Wed, 20 May 2026 16:41:56 +0530</pubDate></item><item><title><![CDATA[22 gold rates today: Check 24k vs 22k vs 18k prices]]> </title><link>https://economictimes.indiatimes.com/wealth/invest/22k-gold-rate-today-check-24k-22k-18k-gold-prices-may-20-2026-on-ibja-malabar-gold-diamonds-joyalukkas-tanishq-and-kalyan-jewellers/articleshow/131221195.cms</link><guid>https://economictimes.indiatimes.com/wealth/invest/22k-gold-rate-today-check-24k-22k-18k-gold-prices-may-20-2026-on-ibja-malabar-gold-diamonds-joyalukkas-tanishq-and-kalyan-jewellers/articleshow/131221195.cms</guid><pubDate>Wed, 20 May 2026 13:52:15 +0530</pubDate></item><item><title><![CDATA[Israel dissolves parliament, what’s next?]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/how-israels-decision-to-dissolve-parliament-might-lead-to-an-unexpected-election/articleshow/131221525.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/how-israels-decision-to-dissolve-parliament-might-lead-to-an-unexpected-election/articleshow/131221525.cms</guid><pubDate>Wed, 20 May 2026 14:24:11 +0530</pubDate></item><item><title><![CDATA[EPFO to launch WhatsApp service for PF updates]]> </title><link>https://economictimes.indiatimes.com/wealth/save/epfo-to-launch-whatsapp-service-for-pf-updates-government-targets-faster-resolution-of-pending-legal-disputes/articleshow/131219072.cms</link><guid>https://economictimes.indiatimes.com/wealth/save/epfo-to-launch-whatsapp-service-for-pf-updates-government-targets-faster-resolution-of-pending-legal-disputes/articleshow/131219072.cms</guid><pubDate>Wed, 20 May 2026 12:18:31 +0530</pubDate></item><item><title><![CDATA[Absence of MLAs from TMC protest raises eyebrows]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/absence-of-many-mlas-from-tmcs-protest-triggers-chatter-amid-partys-post-poll-churn/articleshow/131224820.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/absence-of-many-mlas-from-tmcs-protest-triggers-chatter-amid-partys-post-poll-churn/articleshow/131224820.cms</guid><pubDate>Wed, 20 May 2026 16:28:22 +0530</pubDate></item><item><title><![CDATA[Withdraw EPF through UPI soon; testing complete]]> </title><link>https://economictimes.indiatimes.com/wealth/save/withdraw-epf-through-upi-soon-as-government-completes-testing/articleshow/131218875.cms</link><guid>https://economictimes.indiatimes.com/wealth/save/withdraw-epf-through-upi-soon-as-government-completes-testing/articleshow/131218875.cms</guid><pubDate>Wed, 20 May 2026 12:06:56 +0530</pubDate></item><item><title><![CDATA[₹1 lakh turned into ₹21 crore by 11 penny stocks]]> </title><link>https://economictimes.indiatimes.com/markets/stocks/news/rs-1-lakh-turned-to-rs-21-crore-do-you-own-these-11-penny-stocks-that-delivered-over-10000-returns/articleshow/131216703.cms</link><guid>https://economictimes.indiatimes.com/markets/stocks/news/rs-1-lakh-turned-to-rs-21-crore-do-you-own-these-11-penny-stocks-that-delivered-over-10000-returns/articleshow/131216703.cms</guid><pubDate>Wed, 20 May 2026 10:15:31 +0530</pubDate></item><item><title><![CDATA[Less than 24-hour stay? When insurance pays]]> </title><link>https://economictimes.indiatimes.com/wealth/insure/less-than-24-hours-in-hospital-know-about-health-insurance-coverage-for-day-care-treatments-surgeries-and-emergency-procedures/articleshow/131198848.cms</link><guid>https://economictimes.indiatimes.com/wealth/insure/less-than-24-hours-in-hospital-know-about-health-insurance-coverage-for-day-care-treatments-surgeries-and-emergency-procedures/articleshow/131198848.cms</guid><pubDate>Wed, 20 May 2026 06:30:00 +0530</pubDate></item><item><title><![CDATA[UN snips India outlook but can’t knock it off top tier]]> </title><link>https://economictimes.indiatimes.com/news/economy/indicators/un-cuts-indias-2026-gdp-forecast-to-6-4-pc-still-among-fastest-growing-economies/articleshow/131220406.cms</link><guid>https://economictimes.indiatimes.com/news/economy/indicators/un-cuts-indias-2026-gdp-forecast-to-6-4-pc-still-among-fastest-growing-economies/articleshow/131220406.cms</guid><pubDate>Wed, 20 May 2026 13:04:12 +0530</pubDate></item><item><title><![CDATA[Chilling details in Deepika Nagar's autopsy report]]> </title><link>https://economictimes.indiatimes.com/news/new-updates/deepika-nagar-greater-noida-dowry-case-autopsy-reveals-ruptured-spleen-brain-haematoma-and-internal-bleeding-family-alleges-gold-demands-at-every-festival/articleshow/131224199.cms</link><guid>https://economictimes.indiatimes.com/news/new-updates/deepika-nagar-greater-noida-dowry-case-autopsy-reveals-ruptured-spleen-brain-haematoma-and-internal-bleeding-family-alleges-gold-demands-at-every-festival/articleshow/131224199.cms</guid><pubDate>Wed, 20 May 2026 15:56:29 +0530</pubDate></item><item><title><![CDATA[RBI wants banks to speak one financial language]]> </title><link>https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-proposes-same-norms-of-disclosure-for-all-banks/articleshow/131210501.cms</link><guid>https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-proposes-same-norms-of-disclosure-for-all-banks/articleshow/131210501.cms</guid><pubDate>Wed, 20 May 2026 00:53:11 +0530</pubDate></item><item><title><![CDATA[PM protecting India's global image: Sharad Pawar]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/pm-modi-working-to-protect-indias-prestige-on-global-stage-sharad-pawar/articleshow/131223273.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/pm-modi-working-to-protect-indias-prestige-on-global-stage-sharad-pawar/articleshow/131223273.cms</guid><pubDate>Wed, 20 May 2026 15:31:10 +0530</pubDate></item><item><title><![CDATA['India must be alert amid West Asia crisis']]> </title><link>https://economictimes.indiatimes.com/news/india/country-must-stay-alert-amid-west-asia-crisis-civil-aviation-minister-naidu/articleshow/131219312.cms</link><guid>https://economictimes.indiatimes.com/news/india/country-must-stay-alert-amid-west-asia-crisis-civil-aviation-minister-naidu/articleshow/131219312.cms</guid><pubDate>Wed, 20 May 2026 12:22:43 +0530</pubDate></item><item><title><![CDATA[Modi govt’s council of ministers to meet Thursday]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/pm-narendra-modi-governments-council-of-ministers-to-meet-on-thursday-key-ministry-presentations-on-agenda/articleshow/131223123.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/pm-narendra-modi-governments-council-of-ministers-to-meet-on-thursday-key-ministry-presentations-on-agenda/articleshow/131223123.cms</guid><pubDate>Wed, 20 May 2026 15:25:44 +0530</pubDate></item><item><title><![CDATA[Russia, China scold the US over 'Golden Dome']]> </title><link>https://economictimes.indiatimes.com/news/defence/russia-and-china-scold-the-united-states-over-golden-dome-plans/articleshow/131223250.cms</link><guid>https://economictimes.indiatimes.com/news/defence/russia-and-china-scold-the-united-states-over-golden-dome-plans/articleshow/131223250.cms</guid><pubDate>Wed, 20 May 2026 15:20:17 +0530</pubDate></item><item><title><![CDATA[Missed loan payment? Banks may eye phone]]> </title><description><![CDATA[The Reserve Bank of India has proposed allowing lenders to disable certain functions of a mobile phone in cases where borrowers default on loans taken to finance the device, as part of a broader overhaul of recovery practices and borrower protection norms.Under draft amendments to the RBI’s Responsible Business Conduct Directions, banks would be permitted to deploy technology-based mechanisms to restrict functionalities of a borrower’s mobile device, but only under tightly regulated conditions. The proposal seeks to formalise and regulate a practice increasingly adopted by some digital lenders and fintech firms in smartphone financing. The draft directions will come into effect from October 1, 2026.The RBI has clarified that such restrictions can be imposed only where the loan was specifically used to finance the purchase of that device. The loan agreement must explicitly permit such action and clearly disclose the circumstances under which restrictions may be imposed, the graduated approach that would be followed, timelines for curing defaults, and grievance redress mechanisms available to borrowers.The draft norms specify that lenders can initiate restrictions only after the account becomes 90 days past due and after issuing multiple notices to the borrower. Banks would first have to issue a notice once the loan becomes 60 days overdue, giving borrowers at least 21 days to cure the default. A second notice providing another seven days would also be mandatory before any restriction is imposed.Importantly, the central bank has barred lenders from completely blocking critical phone functionalities. Essential services such as internet access, incoming calls, emergency SOS features and receipt of government or public safety notifications cannot be disabled. The RBI has also directed lenders to adopt a “graduated approach” instead of completely disabling devices immediately.The draft directions further mandate that lenders reverse restrictions within one hour once the borrower clears the dues. In cases of wrongful blocking or delays in restoring functionalities, lenders would have to compensate borrowers at the rate of Rs 250 per hour until the issue is resolved. The technology used to restrict device functions must also be uninstalled immediately after the loan is fully repaid. Borrowers would additionally retain the right to prepay the loan at any stage.The RBI has also proposed a complete prohibition on lenders accessing, storing or using any data present on the borrower’s mobile phone under any circumstances.Alongside the device-locking framework, the draft guidelines introduce a wider code of conduct for loan recovery. The RBI has, for the first time, formally defined “recovery agencies” and “recovery agents”, explicitly bringing business correspondents involved in recovery activities under the regulatory framework. Recovery agents would be required to undergo certification through the Indian Institute of Banking and Finance (IIBF) or affiliated institutes before deployment.Banks would also be required to publicly disclose empanelled recovery agencies on their websites, apps and branches, including details such as addresses, assigned geographies and period of engagement. Borrowers would need to be informed before any recovery visit is made and immediately notified if a recovery agency is changed or terminated.The draft norms further prohibit banks from assigning recovery cases while a borrower grievance related to the loan dues or recovery process remains unresolved. Banks would also have to maintain records of recovery calls, including timing, frequency and recordings of conversations, for at least six months.The RBI has proposed strict conduct standards for recovery staff, including restrictions on contacting borrowers outside 8 am to 7 pm, using abusive language, threatening borrowers, harassing family members or using social media to shame defaulters. The regulator has also proposed mandatory grievance redress mechanisms and compensation provisions where borrowers suffer losses due to wrongful recovery actions.]]> </description><link>https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-proposes-rules-to-let-lenders-disable-phones-for-loan-defaults/articleshow/131228373.cms</link><guid>https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-proposes-rules-to-let-lenders-disable-phones-for-loan-defaults/articleshow/131228373.cms</guid><pubDate>Wed, 20 May 2026 19:11:58 +0530</pubDate></item><item><title><![CDATA[Office realty leasing rises 30%, on track to beat last year high]]> </title><description><![CDATA[Mumbai: Robust demand for office spaces has pushed commercial property leasing in the first three quarters of 2019 by 30% from a year ago, taking it closer to entire 2018’s performance and making sure that this year surpasses the peak touched last year.Driven by tech corporates — accounting for about a third of the leasing activity — office space take-up touched 47 million sq ft in the first nine months against entire 2018’s performance of 48.9 million sq ft, showed data from CBRE South Asia. With this, office leasing activity is now expected to touch its highest level ever, estimated to be over 60 million sq ft in 2019.Leasing activity stood at about 15.4 million sq ft during the quarter ended September, rising by nearly 23% on an annual basis. This was dominated by small- to medium-sized transactions. Small-sized transactions of less than 10,000 sq ft accounted for over 40% of the transaction activity in the quarter.
  
  
  
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“With office leasing scaling a historic high in 2019, we expect further strengthening of occupier sentiment in the medium to long term, backed by corporates looking to expand or consolidate their operations. Favourable government initiatives, transparency in the real estate sector and the right reforms will improve investor sentiment greatly in the coming quarters,” said Anshuman Magazine, CEO, India, South-east Asia, Middle East and Africa, CBRE.Like last year, he expects occupiers would put in greater efforts to incorporate flexibility in their portfolios due to changes in the business environment. Occupiers continued to futureproof their portfolios and hedge against future rental escalations by pre-leasing space across various cities.Bengaluru, followed by Hyderabad, dominated large-sized deal closures, while a few large deals were also reported in the NCR and Pune as well. Large-scale deal closures were mostly dominated by tech firms and flexible space operators. Firms belonging to sectors such as research, consulting &amp; analytics, banking, financial services &amp; insurance (BFSI), and engineering &amp; manufacturing also closed large-sized deals.Tech corporates led the office space take-up, followed by research, consulting &amp; analytics companies (19%) and flexible space operators (15%). The rise in the share of flexible space operators (10% in the second quarter of 2019) was primarily a result of their continued expansion across almost all cities.“The share of the tech sector rose from 31% to 40% annually during 2019 year-to-date, which implies that a rise in technology alternatives, insourcing / job preservation in the US and a global slowdown have not had any specific impact on India’s position as a preferred outsourcing destination for both high-skilled and low-skilled tech services, research and development,” said Ram Chandnani, managing director, advisory &amp; transaction services, India, CBRE South Asia.Supply addition rose by more than 80% in 2019 YTD on an annual basis, with about 43.5 million sq. ft. of development completions reported.Four cities — Hyderabad, Bengaluru, NCR and Mumbai — accounted for almost 80% of this supply addition.Compared to the first three quarters in 2018, the share of SEZs in supply dipped from 40% to 27% during 2019 YTD. Supply addition in the quarter also rose by about 6% on a quarterly basis, touching about 15 million sq. ft. More than 70% of this supply was driven by Hyderabad and NCR, followed by Bengaluru.]]> </description><link>https://economictimes.indiatimes.com/news/company/corporate-trends/office-realty-leasing-rises-30-on-track-to-beat-last-year-high/articleshow/71641557.cms</link><guid>https://economictimes.indiatimes.com/news/company/corporate-trends/office-realty-leasing-rises-30-on-track-to-beat-last-year-high/articleshow/71641557.cms</guid><pubDate>Fri, 18 Oct 2019 08:18:48 +0530</pubDate></item><item><title><![CDATA[Developers may face liquidity crisis on NBFC woes: Fitch]]> </title><description><![CDATA[MUMBAI: Liquidity risk is increasing for Indian-based real-estate developers, as non-bank financial institutions (NBFI; including housing finance companies) are shying away from lending to the sector, said Fitch Ratings.Developers that rely on refinancing from NBFIs, particularly those with weak financial profiles, will be affected the most should conditions persist. The availability of unencumbered assets among large developers may be of limited use, as NBFIs are looking to shed their already-high exposure to the sector, especially to large borrowers.NBFIs have disproportionately increased their share of real-estate sector credit in the previous few years, owing to heightened risk aversion by banks; banks have been cutting exposure due to their own funding challenges that began in late 2018, which have become more acute in the previous few months; domestic bank exposures fell to 2.3% of loans in the financial year ending March 2019 from 2.8% in 2015-16.NBFIs are now also shying away from refinancing maturing debt of even large, proven developers to limit concentration risk to the sector. This is pushing developers towards alternative funding channels, such as private equity. The availability of such funding could be more limited than the value of maturing debt and may only be available to established developers with sufficient unpledged assets. It would also come at a higher cost. We believe banks may still consider exposure to quality real estate, but overall exposure continues to decline.Developers that are focused on high-end projects may face higher risk, as sales of such projects have slowed in the last two years. We believe these developers would be wary of taking sharp price corrections on unsold inventory to boost sales, except in extreme circumstances, as this could diminish the value of unsold inventory and weaken collateral cover for existing lenders.In addition, any boost in sales would be temporary. Meanwhile, developers with substantial exposure to affordable housing may still benefit from marginal access to lenders in light of healthy pre-sales growth, supported by India's substantial housing deficit and government incentives for buyers via the credit-linked subsidy scheme as well as for developers, including tax deductions and grant of infrastructure status, which entitles companies to some benefits and concessions.The government has announced measures to improve NBFI-sector liquidity, but their efficacy remains to be seen. For example, we believe the government's July 2019 announcement to provide a first-loss guarantee of 10% on securitised assets issued by NBFIs to banks could ease funding pressure for NBFIs in the short term. However, the provision refers only to financially sound issuers and there is a lack of clarity about the duration of the guarantee and the definition of what comprises a 'financially sound' entity. In addition, most of the actions by the authorities to alleviate the liquidity squeeze will benefit the largest and least risky NBFIs and is unlikely to address the pressure on the more property focused players.Defaults by two NBFIs - Infrastructure Leasing &amp; Financial Services Ltd (IL&amp;FS) in September 2018 and Dewan Housing Finance Corporation Ltd (DHFL) in June 2019 - have contributed to the sector-wide liquidity squeeze, as investors have become more risk averse. Banks' low appetite for lending to real-estate developers is evidenced by the usually high risk weights attached to such loans. These are due to developers' typically low credit ratings amid high leverage, making exposure to the sector an inefficient use of banks' already-limited capital.Substantial bank recapitalisation to increase lending capacity could benefit NBFIs as well as real-estate developers, subject to the banks' risk appetite. Although a structural improvement in NBFI asset books would take time. Nonetheless, even under better conditions we expect NBFI's to tighten credit standards, with developers facing funding pressure until there is a broader improvement in their operations, with better end-user demand and pricing support. ]]> </description><link>https://economictimes.indiatimes.com/industry/services/property-/-cstruction/developers-may-face-liquidity-crisis-on-nbfc-woes-fitch/articleshow/70700244.cms</link><guid>https://economictimes.indiatimes.com/industry/services/property-/-cstruction/developers-may-face-liquidity-crisis-on-nbfc-woes-fitch/articleshow/70700244.cms</guid><pubDate>Fri, 16 Aug 2019 15:59:50 +0530</pubDate></item><item><title><![CDATA[Adani Green to seek board nod to raise up to $1 billion]]> </title><description><![CDATA[Adani Green Energy is set to seek board approval to raise Rs 6,150 crore ($750 million) to Rs 8,200 crore ($1 billion) through the qualified institutional placement (QIP) route, said people aware of the matter.Two group companies had got approval of their boards for fundraising on May 13 —Adani Enterprises (Rs 12,500 crore) and Adani Transmission (Rs 8,500 crore).The exercise is part of a group plan outlined internally last year to build a “three-year equity cushion” to support expansion plans.Adani Green has secured such capital-raising permission every year from its board except in 2021, as per a Bloomberg analysis.The capital raised by Adani Green Energy will be used to repay an outstanding $750 million, three-year bond issued in 2021 that’s due next year. The money is likely to be kept in a dedicated redemption reserve account and paid on the due date, said the people cited above.Renegotiating Terms With TotalThe original plan had been to prepay the bond after special Reserve Bank of India (RBI) approval but the company decided against this move.“We do not comment on routine business matters. All public disclosures on business matters are disclosed when appropriate,” an Adani Group spokesperson told ET.Adani Green is also renegotiating the terms of its agreement with French utilities giant TotalEnergies for a proposed $4 billion investment in a green hydrogen venture, having signed a memorandum of understanding in 2022. In February, Total said it was pausing the plan in the wake of the Hindenburg Research report on the Adani Group alleging stock manipulation and fraud. The Adani Group has rejected the report’s findings.Total had said it won’t immediately proceed with the plan that involved taking a 25% stake in Adani New Industries Ltd (ANIL), a subsidiary of Adani Enterprises.In June last year, ANIL and TotalEnergies had outlined a capex plan of $50 billion to set up a 2.5 million metric tonnes per annum (mmtpa) of green hydrogen manufacturing capacity over the next 10 years, with the first phase of 1 mmtpa expected to be commissioned before 2030. Total had also made a total $10 billion capital commitment to the hydrogen venture, standing guarantor to 50% of the project’s debt, translating to $6 billion, ET had reported February 13.ANIL plans to manufacture green hydrogen and downstream products such as ammonia, urea, methanol and ethanol at its Khavda and Mundra SEZ facilities. The Khavda site has a land bank of 71,000 acres, which has a large-scale renewable deployment potential of 20 GW due to its high wind and solar resource potential.After the initial MoU, a more detailed ‘heads of agreement’ — pre-contractual negotiations for a commercial framework — was originally planned to be signed between May and September this year. But this is unlikely at this juncture.The Adani Group has, however, continued with the project work in Mundra on its own, aiming to complete a substantial part of the first phase of the integrated manufacturing ecosystem for ANIL by December.This involves 4.5 GW of solar module manufacturing capacity and 1.5 GW of wind turbine manufacturing capacity along with electrolysers, glass, aluminium frames etc. Analysts say over 5% of the total capex has already been incurred by Adani though the bulk of the work is scheduled for 2026-2028. Any binding agreement with Total is now expected only in 2024 or 2025 and the valuation and the overall commercial terms is likely to get altered as the French company is not incurring any of the greenfield project risks, they said.“We have 40 GW of land equivalent. We've been doing solar modules for the past five years. We know we will produce modules at 15 cents to 17 cents,” Robbie Singh, chief financial officer of Adani Enterprises, had told ET on January 22.Other than the green hydrogen project, Total has just over $3 billion of investments with Adani, including in gas distribution and solar projects, which it has played down as a small 2.4% slice of its total capital commitments.]]> </description><link>https://economictimes.indiatimes.com/industry/banking/finance/adani-green-to-seek-board-nod-to-raise-up-to-1-billion/articleshow/100459690.cms</link><guid>https://economictimes.indiatimes.com/industry/banking/finance/adani-green-to-seek-board-nod-to-raise-up-to-1-billion/articleshow/100459690.cms</guid><pubDate>Wed, 24 May 2023 06:36:08 +0530</pubDate></item><item><title><![CDATA[At Rs 10,000 crore, Anil Ambani's Reliance Capital recovery may be only 43%]]> </title><description><![CDATA[Lenders to Anil Ambani-promoted Reliance Capital are likely to recover just about ₹10,000 crore after the winning bidder, Hinduja Group, declined to significantly improve its offer in the last round of bilateral negotiations that ended on Monday evening, people aware of the development told ET. The recovery, totalling about ₹10,090 crore on factoring in the target company's cash balances and the Hinduja offer, falls short of the ₹12,500-13,000 crore estimated liquidation value. A Hinduja Group entity, IndusInd International Holdings, offered ₹9,650 crore in the extended auction held on April 26. Hinduja improved the offer by only ₹10 crore during the bilateral negotiations, the people cited above said. In addition, the distressed financial services company has around Rs 430 crore as cash balances, which would be distributed among the lenders. This would add up to Rs 10,090 crore, equating to a 43% recovery for verified lenders.Administrator Nageswara Rao Y has admitted Rs 23,666 crore in claims from verified creditors."Hinduja Group will submit a detailed resolution plan by next week while lenders are in the process of finalising distribution of the proceeds," one of the persons cited above said. After this, the administrator will invite lenders to vote on the eligible plans.However, resolution of Reliance Capital will be subject to approval from the Supreme Court, which is scheduled to hear in August the auction-related dispute between Torrent Investments, a bidder also in the fray in the earlier rounds.  100459497Crucial LIC, EPFO RolesThe stand by LIC, the Employees' Provident Fund Organisation (EPFO) and JC Flowers Asset Reconstruction Co on approving the plan will be critical since they are majority debtholders. Yes Bank, an original Reliance Capital lender, sold its debt to JC Flowers ARC. A resolution plan can be approved only if 66% of creditors vote in its favour.Separately, Credit Suisse-led bondholders have decided not to contest a decision by the National Company Law Tribunal (NCLT), which directed them to return the custody of Reliance General Insurance shares to the administrator, said the people cited above.This has come as a major relief to the lenders that were worried the resolution might be delayed if Credit Suisse-led bondholders appealed against the tribunal's order.In 2018, Credit Suisse-led investors invested in bonds issued by Reliance Home Finance, a Reliance Capital unit. The home finance company failed to honour the payment on the due date. ]]> </description><link>https://economictimes.indiatimes.com/industry/banking/finance/at-rs-10000-crore-anil-ambanis-reliance-capital-recovery-may-be-only-43/articleshow/100459486.cms</link><guid>https://economictimes.indiatimes.com/industry/banking/finance/at-rs-10000-crore-anil-ambanis-reliance-capital-recovery-may-be-only-43/articleshow/100459486.cms</guid><pubDate>Wed, 24 May 2023 06:01:03 +0530</pubDate></item><item><title><![CDATA[US stocks today: Dow soars 600 pts, Nasdaq 1.5% as chip stocks rally eyeing Nvidia results, Iran peace deal hopes]]> </title><description><![CDATA[Wall Street's main indexes closed more than 1% higher on ​Wednesday, bouncing back from a three-day selloff with a boost in sentiment from technology and chip stocks, which rose ahead of Nvidia's quarterly results.Investors will look to the latest report from Nvidia , the leading artificial intelligence chipmaker and the world's most highly valued company, for reassurance that the appetite for spending on AI remains ‌strong enough to ⁠support lofty valuations ⁠across the technology sector.The Philadelphia SE Semiconductor index rallied sharply ahead of the report with big gainers including Astera Labs and ARM Holdings."Technology is driving the bus again ​today, and the AI theme. We've swapped back from yesterday's concerns about rising rates and potential inflation and are leaning more into the all-things-AI story," said ​Carol Schleif, chief market strategist at BMO Private Wealth in Minneapolis. "It's actually a little bit unusual because you would expect the market to sit pretty quiet waiting for Nvidia's results later today. But there's clearly a lot of optimism."The lack of a resolution to the U.S.-Israeli war ​on Iran had sent U.S. indexes lower in the last three days as investors worried ⁠that elevated oil ‌prices would boost inflation enough to lead the Federal Reserve to raise interest rates.On Wednesday, Iran's foreign ​ministry spokesperson said the exchange ​of messages between Iran and the U.S. has continued. President Donald Trump said negotiations with Iran were ⁠in the final stages and that the U.S. may have to attack Iran even harder ​but would wait and see if they can reach a deal.While investors are still ​monitoring fluctuating energy prices and inflation, Schleif said "they really want to look beyond what's going on in the Middle East" and focus on the potential of AI.Also supporting stocks, the benchmark 10-year Treasury yield eased on Wednesday after rising for three straight days and touching a 16-month high.According to preliminary data, the S&amp;P 500 gained 79.06 points, or 1.08%, to end at 7,432.67 points, while the Nasdaq Composite gained 398.33 points, or 1.54%, to 26,269.04. The Dow Jones Industrial Average rose 647.44 points, or 1.31%, to 50,011.32.Stocks gradually added to gains following the release ‌of minutes from the Federal Reserve's last meeting, which showed more officials saying the central bank should lay the groundwork for a possible rate hike. Bets for a Fed rate hike in December were choppy after the meeting and ​recently showing a 36.8% probability, ​down from 42% on Tuesday, according ⁠to the latest data from CME Group's FedWatch tool.Citing uncertainty around issues such as oil prices, tariffs and AI, Brian Jacobsen, chief economic strategist at Annex Wealth Management, said after the minutes that "it's hard to take any of their forward guidance as more than just ​mere guesswork."Among the 11 major S&amp;P 500 sectors, big gainers included consumer discretionary and technology. On the flip side, energy dropped with oil prices.Consumer staples slipped with pressure from Target . Shares in the retailer declined after it warned of a challenging macroeconomic backdrop even as it doubled its annual sales growth forecast.Falling oil prices boosted sentiment around airline stocks with Delta Air Lines, United Airlines, Southwest Airlines and Alaska Air advancing.Intuit shares declined after Reuters, citing an internal memo, reported that the company is laying off about 3,000 employees.]]> </description><link>https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-us-stocks-rises-as-chip-stocks-rally-ahead-of-nvidia-results/articleshow/131235246.cms</link><guid>https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-us-stocks-rises-as-chip-stocks-rally-ahead-of-nvidia-results/articleshow/131235246.cms</guid><pubDate>Thu, 21 May 2026 01:33:57 +0530</pubDate></item><item><title><![CDATA[FIIs won't return in a hurry; need 3 triggers: Amar K Ambani]]> </title><description><![CDATA[Foreign Institutional Investors (FIIs) might come back in a big way under three scenarios: when valuations hit rock bottom, when there's a significant uptick in IPO activity, or when global markets are too hot, making India a tempting option for diversificationForeign institutional investors (FIIs) are unlikely to make a strong comeback to Indian equities anytime soon, according to Amar K Ambani, Executive Director at Yes Securities. Speaking at the firm's flagship investor conference, Ambani laid out a case for why structural and cyclical forces continue to push global capital away from India.The long decline of FII interest in IndiaAmbani traced FII skepticism back further than most, not to the AI boom, but to the 2008 global financial crisis. "The kind of money that used to flow in as a percentage of market cap during 2003 to 2007-2008, that kind of money has never come through in Indian equities from 2008-2009 onwards," he said.Foreign investors have had few compelling reasons to prefer India. Returns in dollar terms have been modest, the rupee has steadily depreciated, and the Magnificent Seven US tech stocks delivered outsized gains that made India look pedestrian.The AI revolution has now added a new layer to this skepticism. Global funds increasingly view India as an "old economy" market, one that lacks the AI-native growth stories available in the US, Taiwan, and South Korea. "That is where the money is going right now," Ambani noted.Taxation changes have also played a role. Policy shifts around F&amp;O taxation, GAAR rules, and the removal of treaty benefits for Mauritius-based investors have made Indian markets less attractive on a post-tax basis.What could bring FIIs back?FIIs may return aggressively under three conditions: if valuations become extremely cheap, if IPO activity revives strongly, or if overheated global markets make India an attractive diversification bet. Until then, Ambani sees no major structural trigger for strong inflows.Earnings growth revised downOn the domestic earnings front, the outlook has also softened. What began the year as an expectation of 15% earnings growth has moderated to roughly 10–12% for the year ahead. While Q3 results were broadly better than feared, non-financial companies saw approximately 14–15% year-on-year revenue and operating profit growth, headwinds are building. Rising inflation, questions around consumption demand, and higher yields globally are all likely to cap upside.Capex cycle: Selective, not broad-basedIndia has not yet entered a full-fledged private capital expenditure cycle, Ambani cautioned. Capacity utilization, hovering around 74–75%, hasn't hit the 80% threshold that typically triggers widespread new investment. However, pockets of strength exist. Power, renewables, capital goods, real estate, and energy refining have seen active investment flows — and that is expected to continue.IT sector: Underweight, not a value trade yetOn information technology, Ambani was measured in his pessimism. Yes Securities has held an underweight position for some time, a call that has played out as valuations corrected. But he stopped short of calling it a value trade yet.Questions remain about whether IT firms will need the same workforce scale and whether they can command premium pricing as AI implementation partners rather than traditional services vendors. Midcap and smallcap players may navigate the transition more nimbly than large-cap incumbents, though Ambani noted the majors will eventually adapt — drawing a parallel to how Bajaj and TVS responded to the EV challenge from two-wheeler startups.Defence and power: Long-term convictionTwo sectors drew clear long-term bullishness. Defence spending is rising as geopolitical tensions force every country to invest in modern warfare capabilities, from drone technology to remote strike systems, making defence manufacturing a durable multi-year theme.The power sector stands out for its AI and data centre tailwinds. Ambani cited Virginia in the US, where data centres account for 25% of power consumption, against a global norm of 2–3%. As India builds out its data centre infrastructure, power demand is set to surge, driven by AI workloads, electric vehicles, and broad electrification, benefiting a handful of well-known listed names.]]> </description><link>https://economictimes.indiatimes.com/markets/expert-view/fiis-wont-return-to-indian-markets-in-a-hurry-only-3-triggers-may-bring-them-back-amar-k-ambani/articleshow/131225509.cms</link><guid>https://economictimes.indiatimes.com/markets/expert-view/fiis-wont-return-to-indian-markets-in-a-hurry-only-3-triggers-may-bring-them-back-amar-k-ambani/articleshow/131225509.cms</guid><pubDate>Wed, 20 May 2026 16:41:56 +0530</pubDate></item><item><title><![CDATA[Apple faces Indian engineer’s bias lawsuit]]> </title><description><![CDATA[Apple Inc. lost an early round in a discrimination lawsuit brought in the U.S. by a female engineer from India who says her two managers -- one from her country, the other from Pakistan -- treated her as they would in their own countries: as a subservient.The woman’s case in California state court is the latest to allege workplace bias in Silicon Valley that focuses on cultural prejudices of some tech workers from South Asia. Cisco Systems Inc. is fighting a suit brought by California’s civil rights agency alleging bias against a member of India’s so-called lower castes, known as Dalits.Anita Nariani Schulze is part of the Sindhi minority -- she is Hindu, with ancestry in the Sindh region of what is now Pakistan. Her complaint alleges that her senior and direct managers, both male, consistently excluded her from meetings while inviting her male counterparts, criticized her, micromanaged her work, and deprived her of bonuses, despite positive performance evaluations and significant team contributions.Schulze claims the managers’ animus reflects sexism, racism, religious bias and discrimination on the basis of national origin. The Sindhi Hindu nationality is “known for its technical acumen” and its gender equality, she says, which “exacerbated the managers’ discriminatory treatment.”In a tentative ruling on Wednesday, Santa Clara County Superior Court Judge Sunil R. Kulkarni rejected Apple’s request to toss out the suit. While not ruling on the merits of the case, Kulkarni said Schulze had adequately supported her legal claims. Apple had argued her claims weren’t specific enough and were based on stereotypes.But the judge rejected Schulze’s request to represent a class of female Apple employees who suffered job discrimination over the last four years. He agreed with Apple that she didn’t show a pattern of discrimination that could be applied to a broader group.It wasn’t clear from the court’s docket whether the judge will hold a hearing Thursday before issuing a final ruling.Apple didn’t immediately reply to a request for comment.In the Cisco case, the California Department of Fair Employment and Housing alleged that two Indian employees at the San Jose-based company discriminated against a Dalit co-worker on the basis of caste.Cisco has denied the claims, insisting it has “zero tolerance for discrimination.” It also said the lawsuit should be tossed out because caste isn’t a protected category under U.S. civil rights law.]]> </description><link>https://economictimes.indiatimes.com/tech/technology/apple-faces-indian-engineers-bias-lawsuit/articleshow/81694292.cms</link><guid>https://economictimes.indiatimes.com/tech/technology/apple-faces-indian-engineers-bias-lawsuit/articleshow/81694292.cms</guid><pubDate>Thu, 25 Mar 2021 23:14:01 +0530</pubDate></item><item><title><![CDATA[Ravi Shankar Prasad questions Arnab Goswami's arrest]]> </title><description><![CDATA[NEW DELHI: Law Minister and senior BJP leader Ravi Shankar Prasad on Wednesday described the arrest of Republic TV Editor-in-Chief Arnab Goswami as "seriously reprehensible, unwarranted and worrisome."He also questioned the silence of the Congress leadership when its government in Maharashtra was "blatantly suppressing freedom of press."Police on Wednesday arrested Goswami in Mumbai for allegedly abetting suicide of a 53-year-old interior designer, a police official said."The arrest of senior journalist Arnab Goswami is seriously reprehensible, unwarranted and worrisome. We had fought for freedoms of Press as well while opposing the draconian Emergency of 1975," Prasad said in a series of tweets.The arrest of senior journalist #ArnabGoswami is seriously reprehensible, unwarranted and worrisome. We had fought… https://t.co/d5fY66b1w5&amp;mdash; Ravi Shankar Prasad (@rsprasad) 1604465175000He said while Congress leaders Sonia and Rahul Gandhi have attacked the Modi government "through motivated charges of attack on institutions" yet they are completely silent when their own government in Maharashtra is "blatantly suppressing freedom of Press."He claimed it to be a "textbook case of hypocrisy."Sonia Gandhi and Rahul Gandhi have openly attacked @narendramodi Govt through motivated charges of attack on instit… https://t.co/TZHS3W6pFJ&amp;mdash; Ravi Shankar Prasad (@rsprasad) 1604464512000"One can differ, one can debate and one can ask questions too. However arresting a journalist of the stature of Arnab Goswami by abuse of police power, because he was asking questions, is something which we all need to condemn," the Union minister said.One can differ, one can debate and one can ask questions too. However arresting a journalist of the stature of… https://t.co/uc4hEu3uA4&amp;mdash; Ravi Shankar Prasad (@rsprasad) 1604463867000The ruling alliance in Maharashtra comprises the Shiv Sena, the Congress and the Nationalist Congress Party.]]> </description><link>https://economictimes.indiatimes.com/news/politics-and-nation/ravi-shankar-prasad-questions-arnab-goswamis-arrest/articleshow/79035225.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/ravi-shankar-prasad-questions-arnab-goswamis-arrest/articleshow/79035225.cms</guid><pubDate>Wed, 04 Nov 2020 11:10:34 +0530</pubDate></item><item><title><![CDATA[Delhi govt to recruit 15,000 more home guard personnel: LG]]> </title><description><![CDATA[New Delhi: The Delhi government will recruit 15,000 home guards, taking their total number to 25,000, an official statement said on Wednesday.  Delhi LG VK Saxena on Tuesday distributed letters of enrolment to 1669 home guards out of 10,000, for which the recruitment process was started in January, said the statement from the Raj Niwas.  Addressing the newly recruited home guards at an event, the LG said that in the near future additional 15,000 home guards will be added, taking their total strength to over 25,000 it said.  The newly recruited home guards included 226 former civil defence volunteers (CDVs) who were working as bus marshals when they were removed in November last year. The new recruits also included 181 women, the statement said.  The LG in January this year cleared enrolment of 10,285 home guards and directed that the CDVs be given preference in the form of extra credit points in the selection process. However, some candidates approached the court, and as a result, the appointment on 7,939 posts of home guards was kept pending as the matter became sub-judice. The LG, had however, directed appointment of 2,346 home guards who qualified physical measurement and efficiency, and written tests. Out of 2,346 posts, 1669 cleared the medical test and were handed over their appointment letters. In response to the advertisement for 10,285 vacancies, total 1.09 lakh applications were received but only 32,511 reported for the physical test. Meanwhile, the some applicants moved the high court over various issues and a status quo was ordered by the court. The LG has also directed the director general (home guards) to ensure that the remaining 7,939 vacancies are also filled up at the earliest after taking cognizance of the court matters, added the statement.]]> </description><link>https://economictimes.indiatimes.com/jobs/government-jobs/delhi-govt-to-recruit-15000-more-home-guard-personnel-lg/articleshow/115980286.cms</link><guid>https://economictimes.indiatimes.com/jobs/government-jobs/delhi-govt-to-recruit-15000-more-home-guard-personnel-lg/articleshow/115980286.cms</guid><pubDate>Wed, 04 Dec 2024 22:15:01 +0530</pubDate></item></channel></rss>