EMBARGO
Impact of RBI's embargo will be seen Q1 FY25 also: Kapish Jain, IIFL Finance
While other businesses are operating fine, this business, how it runs down is something that we will see by the end of the quarter to anticipate what is going to see on the P&L.
IIFL Finance starts special audit
The embargo was part of RBI's supervisory action over concerns related to certain loan disbursement practices.
Kerala’s Pinarayi Vijayan to protest in Delhi over “financial embargo” from Centre, day after Siddaramaiah’s sit in
Vijayan will become the second chief minister in two days to take his regime to Delhi to strike, a day after Karnataka CM Siddaramaiah’s sit-in at the same location for the same cause.
Israeli embargo pushes Gaza's hospitals to the brink of collapse
Hospitals in the Gaza Strip are on the verge of collapse due to the Israeli embargo, which has cut off vital supplies, power, and clean water. Doctors and nurses are grappling with scarce resources and the overwhelming number of casualties. The situation is dire, with hospitals forced to close and medical supplies in critically short supply. Makeshift solutions, such as using clothes for bandages and vinegar as antiseptic, are being used.
Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease
Brent futures for December fell 74 cents to $90.76 a barrel. U.S. West Texas Intermediate (WTI) futures for November, which expires on Friday, dropped 57 cents to trade at $87.75 per barrel. The more active December WTI was down 51 cents to $86.76 a barrel at 0047 GMT.
Russia is feeling the pain of Europe’s oil embargo
The US Administration feared that EU sanctions on Russia’s seaborne crude, which came into effect on Monday, would send prices soaring. The particular worry was a ban on the provision of ships and services like insurance and financing for Russian cargoes moving anywhere in the world.
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Many market uncertainties ahead of Russian crude, products embargoes: Saudi Aramco CEO Amin Nasser
Nasser also told the Future Investment Initiative (FII) conference in Riyadh that market realignments were taking place with discounts being offered by Russia.
European Union wrestles with Russia oil embargo as leaders gather
Ukrainian President Volodymyr Zelenskyy, who will address the 27 heads of state and government by videoconference in the evening, has repeatedly demanded that the EU target Russia's lucrative energy sector and deprive Moscow of billions of dollars each day in supply payments.
Oil falls on uncertainty over Russian energy embargo by EU
Oil edged lower in early Asian trade on Wednesday, sustaining the previous session's weakness that was caused by risks to demand from an economic recession and on uncertainty about an embargo on Russian oil by the European Union.
Hungary says rejecting Russian oil embargo over energy security concerns
The EU is now preparing the sixth package of sanctions against Russia for its military operation in Ukraine. The oil embargo is reportedly among the anticipated measures, yet EU member states remain disparate about the ability of the bloc to substitute Russian supplies using alternative sources, considering EU heavy dependence on oil (24 per cent) and gas (39.2 per cent) from Russia.
EU foreign ministers consider new sanctions on Russia, some push for oil embargo
EU foreign and defence ministers meet on Monday to discuss imposing further sanctions on Moscow, especially whether to introduce an oil embargo.
Parag Rao on what RBI lifting digital embargo means for HDFC Bank
“The lifting of the digital embargo on digital 2.0 effectively means that all the backend work which we should be doing is part of the transformation and everyone will see some of those changes coming about over the next two to three quarters. I would like to put on record our appreciation and thanks to the RBI for pointing this out. It has only made us strong.”
Prices to go higher as there is 50% chance of oil embargo against Russia: Priya Misra
“We are increasingly thinking that the chance of the sanctions against Russia becoming broader is higher than 50%. We think that oil could be included in sanctions and that is going to add to the pressure on the consumer. We are dealing with high inflation and at some point, it will start to hurt growth.”
Saudi crown prince in first visit to Qatar after embargo ended
Crown Prince Mohammed bin Salman's visit also marked his third stop in the region this week as the Saudi heir to the throne tours the six U.S.-allied Gulf Arab states that make up the Gulf Cooperation Council. His meetings with Arab rulers are aimed at fortifying the kingdom's alliances as rival Iran resumes nuclear negotiations with world powers.
HDFC Bank issues record high of over 4 lakh cards post embargo
HDFC Bank added more than 4 lakh credit cards in a month, after the Reserve Bank of India lifted curbs on issuing cards last month on August 17. The bank is now aiming to add 5 lakh credit cards every month. The bank has a total card network of more than 1.5 crores.
HDFC bank issues 400,000 credit cards after embargo
After the embargo on HDFC Bank was lifted last month, they have issued over 400,000 credit cards. This signifies the aggressive growth that the private lender has made since then. This record issuance is as of September 21, 2021. HDFC Bank was looking to get back to its pre-embargo run rate of 300,000 credit cards per month, which they had planned to achieve in the next 2-3 months. After that, they expected to hit 500,000 credit cards per month from February 2022
Thank you, RBI for embargo: HDFC Bank CEO Sashidhar Jagdishan
HDFC Bank CEO Sashidhar Jagdishan has said that the RBI embargo has enabled the bank to reimagine its IT systems and processes and “turbo-charge” the pace of its technology transformation. He reiterated the bank’s plan to be “back with a bang” in the card space and regain lost market share.
India announces second progressive arms embargo list to boost domestic defence production
The defence ministry’s second arms embargo list — or the ‘second positive indigenisation list’ as it is now called — includes only a few fully-formed weapon systems, platforms and sensors.
Southeast Asian nations oppose arms embargo on Myanmar: Report
The news outlet said the letter asked countries sponsoring the draft resolution to remove a sentence calling for "an immediate suspension of the direct and indirect supply, sale or transfer of all weapons and munitions" to Myanmar.
Hong Kong Air Cargo embargoes Vivo shipments after model catches fire
If other airlines follow suit by banning Vivo shipments the incident may cause damage to brand imagery especially when the company is spending top dollars in India for branding in IPL, experts said.
Centre lifts embargo on pvt banks for govt biz
The Centre on Wednesday announced that it has lifted the embargo on private sector banks for the conduct of government-related banking transactions, such as taxes and other revenue payment facilities, pension payments, and small savings schemes.
Saudi Arabia to lift Qatar embargo, easing the Gulf crisis
Qatar's only land border has been mostly closed since mid-2017, when Saudi Arabia, Egypt, the United Arab Emirates and Bahrain launched a blockade against the tiny Gulf state, accusing it of supporting Islamist extremist groups and of having warm ties with Iran.
Saudi Arabia asks OCA to halt electronic vote on 2030 Asian Games bid
The OCA votes at its general assembly on Wednesday to choose between the two Gulf Arab states, which are locked in a long-running political dispute, for hosting rights to the second-biggest multi-sport event after the Olympics. Doha hosted the 2006 Games but Saudi Arabia has never organised an OCA multi-sport event.
Decade-long United Nations arms embargo on Iran expires despite US objections
While insisting it planned no "buying spree," Iran in theory can purchase weapons to upgrade military armament dating back to before its 1979 Islamic Revolution and sell its own locally produced gear abroad.
United Nations Security Council rejects US proposal to extend arms embargo on Iran
The US only received support for the proposal from the Dominican Republic in the 15-member Council on Friday.Russia and China were opposed while Germany, France, the UK and eight others abstained.
Defence stocks may gain after India's import embargo on 101 defence items
The decision will offer an opportunity to the domestic defence industry to manufacture the items in the negative list by using their own design and development capabilities or adopting the technologies designed and developed by DRDO to meet the requirements of the Armed Forces.
In boost to Atmanirbhar Bharat, India prepares list of embargoed defence import items
The decision will offer an opportunity to the domestic defence industry to manufacture the items in the negative list by using their own design and development capabilities or adopting the technologies designed and developed by DRDO to meet the requirements of the Armed Forces.
Defence Minister Rajnath Singh promised a 'bang', ended with a 'whimper': Chidambaram
The defence minister promised a "bang" on a Sunday morning and ended with a "whimper", Chidambaram said in a series of tweets.
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