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Priority lending is dragging down Nepali banks into huge bad debt

Kathmandu, July 3 -- Loans extended by banks and financial institutions to sectors where the Nepal Rastra Bank (NRB) requires mandatory lending have emerged as some of the biggest sources of non-perfo... Read More


Russia launches largest-ever drone, missile barrage on Ukraine's Kyiv, at least 27 killed, 91 injured: Details

New Delhi, July 3 -- Hours after Russia launched a drone and missile barrage targeting Ukraine and killing 27 people overnight, Moscow and Kyiv on Thursday (local time) vowed fresh assaults in their o... Read More


Tata Agratas increases loan to more than £1 billion, pushes back repayment deadline as battery project accelerates

New Delhi, July 3 -- Tata Group's UK-based battery firm, Agratas Ltd, will draw £1.15 billion ( Rs.14,000 crore) in loans from a consortium of banks, which has approved increasing the amount by 5... Read More


Startups focus on in-house manufacturing to exercise quality control, build competitive edge

New Delhi, July 3 -- A growing number of direct-to-customer startups are focusing on setting up their own manufacturing facilities instead of relying on third parties to gain greater control over prod... Read More


Indonesia maps 3 strategies to achieve full electrification by 2029

Jakarta, July 3 -- The government has formulated three primary strategies to expand electricity access across remote villages, in a bid to push the national electrification ratio toward 100 percent by... Read More


RI, France begin building two Scorpne submarines ahead of schedule

Jakarta, July 3 -- State-owned shipbuilder PT PAL Indonesia, in collaboration with French defense company Naval Group, has officially begun the physical construction of two Scorpene-class submarines. ... Read More


Jodie Foster Calls F1 'Made by AI' at Aspen Ideas Festival

ASPEN, July 3 -- Jodie Foster was not trying to start a fight when she said F1 was made by artificial intelligence. She was offering something less comfortable than criticism: the observation that she... Read More


Trump Disclosed 327 Stock Trades Made Day Before His Tariff Pause Sent Markets Surging

New Delhi, July 3 -- WASHINGTON - On April 8, 2025, the day before stock markets staged one of their largest single-session gains in years, investment accounts belonging to Donald Trump executed 327 s... Read More


Love Island USA Season 8 Sets Peacock's Biggest Premiere Week With 1.31 Billion Minutes

LOS ANGELES, July 3 -- Summer television used to mean reruns, golf coverage, and the quiet migration of audiences away from their screens. Then Love Island USA came along. In the week of June 1 throug... Read More


World Bank Upgrades Sri Lanka, Vietnam, Philippines and Jordan to Upper-Middle Income

New Delhi, July 3 -- COLOMBO - Four years ago, Sri Lanka was distributing rice rations at government offices because the state could not import cooking gas. This week, the World Bank assigned the isla... Read More