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Canucks go internal again, hire Malhotra as coach
The Vancouver Canucks didn't have to go far for a new head coach. Manny Malhotra, who has spent the last two seasons as coach of the Canucks' AHL affiliate, was promoted to lead the NHL team on Monday. He is believed to be the first head coach of South Asian descent in the league's history.
Will India finally get plastic banknotes? RBI's polymer currency plan explained
NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank is considering a proposal to introduce polymer currency notes in India, though the idea remains at a preliminary stage and no final decision has been taken yet. Addressing the media after the Monetary Policy Committee (MPC) meeting, Malhotra said, "Polymer note is under consideration. We are examining the pros and cons.
Rupee gains sharply as RBI unveils steps to attract foreign investors
Giving a major boost to the rupee, Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced several steps to attract foreign capital at a time when the US-Iran conflict is putting pressure on India’s external sector resilience. The rupee gained 50 paise against the US dollar on Friday, strengthening to 95.24 after the RBI unveiled measures aimed at easing investment norms for foreign portfolio investors in government securities. Currency market participants said investor...
'Dark era' for trans people looms as MP makes 'dangerous' remarks on EHRC guidance
'Dark era' for trans people looms as MP makes 'dangerous' remarks on EHRC guidance LGBTQ+ campaigners accused a government minister of "inflammatory and dangerous" remarks that "risk a dark era of people being challenged for their compliance with gender stereotypes." LGBTQ+ campaigners have accused a government minister of making "inflammatory and dangerous" during a statement about single-sex spaces. Seema Malhotra, the Parliamentary Under-Secretary of State for Equalities, told MPs that...
RBI cuts growth, hikes inflation forecast as West Asia crisis bites
Caught between a slowing economy and the risk of a fresh price spiral triggered by the conflict in West Asia, the RBI on Friday left the repo rate unchanged at 5.25%, cut its growth forecast for FY27 and raised its inflation projections, while signalling that the inflation threat could broaden economy-wide beyond fuel and commodities if supply-side pressures persist. Governor Sanjay Malhotra stopped short of tightening policy but left little doubt that the central bank is wary of what it...
India Rate-Hike Bets Build as Pricey Oil, Weak Rupee Stoke Inflation Risks
The Reserve Bank of India (RBI) logo at the central bank's headquarters in Mumbai, India, on Wednesday, Aug. 6, 2025. RBI Governor Sanjay Malhotra said the country contributes more to global growth than the US, responding to President Donald Trump’s recent remark dismissing the South Asian nation as a “dead” economy. Photographer: Dhiraj Singh/Bloomberg
PM Modi chairs EAC meeting, discusses measures to boost India’s economic growth
Prime Minister Narendra Modi on Saturday met members of the Economic Advisory Council (EAC) to the Prime Minister, with discussions focused on ideas and measures to further strengthen the country's economic growth amid ongoing global uncertainty. The meeting covered reforms aimed towards improving ease of living and ease of doing business. The PM and EAC-PM members exchanged views on ways to boost economic growth in the current environment of global turmoil.
India holds rates, ramps up measures to support faltering rupee
India holds rates, ramps up measures to support faltering rupee MUMBAI, June 5 : The Reserve Bank of India held its policy rate steady on Friday and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows. The measures include scrapping capital gains tax for foreign holders of government bonds, sweetening dollar deposit schemes for non-resident Indians, and subsidising hedging costs for offshore borrowing. The...
Fear of recurrence: How immune memory helps cancer survivors face their worst nightmare
Every year the world observes National Cancer Survivors Month in June, celebrating the growing number of people who have successfully completed cancer treatment and are building lives beyond their diagnosis. For many survivors, however, the end of treatment does not always bring complete peace of mind. Even years later, routine scans, follow-up appointments or unexplained aches can revive a lingering question: What if the cancer comes back?
Like Indonesia, India's central bank may hike rates to defend its currency
India's central bank may defy expectations that it will leave its benchmark interest rate unchanged during its monetary policy decision meeting on Friday. The majority of economists polled by CNBC expect the Reserve Bank of India to keep rates unchanged at 5.25% while signaling a rate hike may only occur towards the end of the year. A minority expect policymakers to act at this week's meeting in a bid to anchor the rupee, which has depreciated to record lows against the dollar.