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A U.S. airman died after a planned descent went wrong before a college football game in Texas, turning a pregame spectacle into a fatal incident. The game continued, with the American Conference later saying the decision to proceed was made before officials knew the airman had died.
State Bank of India Chairman C S Setty said deposit rate increases are unlikely over the next three months, citing ample liquidity in the banking system. He added that recent Reserve Bank of India actions should support net interest margins, while credit growth is expected to remain in the 14% to 15% range over time.
State Bank of India Chairman C S Setty said banks are unlikely to raise deposit rates for the next three months, citing ample system liquidity as a key buffer. He also said credit growth should remain resilient at 14% to 15% over time, while stressing that lenders must preserve positive real returns for depositors as inflation persists.
India will need an estimated ₹15 lakh crore in investment to add 91 GW of nuclear power capacity by 2047, Central Electricity Authority Chairman Ghanshyam Prasad said, underscoring the scale of financing required to meet the country’s long-term atomic energy ambitions. He said the target cannot be achieved without deep private-sector participation, signalling a major policy and capital-market challenge for the power sector.
Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of Infrastructure Leasing & Financial Services Ltd. for a two-year term, with the Ministry of Corporate Affairs confirming the move on October 12. His appointment comes as IL&FS continues to operate under a government-appointed board following the group’s earlier financial collapse and restructuring.
Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of IL&FS for a two-year term, the Ministry of Corporate Affairs confirmed on October 12. His appointment comes as the infrastructure financier remains under government oversight following its earlier debt crisis and restructuring process.
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