VADODARA: A nationwide debut still weeks away, yet Bharat Taxi has already upended the ride-hailing playbook. India’s new cooperative app-based taxi platform — billed as the world’s first national mobility service fully owned by drivers — has become the largest driver-run mobility collective anywhere, even before its full rollout.Sahakar Taxi Cooperative Limited, which promotes the…
India’s three largest lenders — State Bank of India, HDFC Bank and ICICI Bank — will continue to be treated as domestic systemically important banks (D-SIBs), the Reserve Bank said on Tuesday, underscoring their critical role in the financial system and the need for stronger capital cushions. The designation requires the lenders to maintain higher…
US Department of Education. (Getty Images) The US Department of Education’s (ED) plans to outsource key programmes to other federal agencies have been deemed unlawful in an amended lawsuit filed last week. The complaint, brought by a coalition of school districts, employee unions, and a disability rights organisation, argues that shifting core operations outside the…
NGAPUR: The Nagpur bench of Bombay high court on Tuesday restrained Maharashtra State Election Commission (SEC) from announcing the results of first phase of municipal council and nagar panchayat polls on Dec 3, a day after polling, on the grounds that it may “prematurely disclose public mood”, and influence the next round of voting scheduled…
Big Short investor Michael Burry has cast doubt on Tesla’s lofty valuation and warned that CEO Elon Musk’s newly approved $1 trillion compensation package could place even more strain on shareholder returns. In a weekend post on his Substack newsletter, Burry wrote that the electric-vehicle maker’s market value is “ridiculously overvalued” and has been “for…
Usman Khawaja (Getty Images) Australia have been forced into a major selection call ahead of the day-night Gabba Test, with veteran opener Usman Khawaja ruled out due to the back injury he suffered in Perth nearly two weeks ago. The setback has thrown Australia’s top order into disarray once again and raised serious questions about…
Linda McMahon launches federal portal to monitor foreign funding in US universities The U.S. Department of Education on Monday announced the launch of a new portal designed to hold universities accountable for disclosing foreign funding, in accordance with federal law, as reported by The Daily Signal. The portal, scheduled to go live on January 2,…
SRINAGAR: Over the past four days, a Himalayan black bear has been spotted nearly 10km apart at two premier institutions in Kashmir — University of Kashmir (UoK), Hazratbal, and Sher-i-Kashmir Institute of Medical Sciences (SKIMS), Srinagar’s leading tertiary-care hospital — triggering panic. The wildlife department has placed cages at key locations, deployed drones, and is…
A Parliamentary panel has called for sweeping improvements to India’s insolvency framework, including a new advance ruling mechanism that would give stakeholders clarity even before a case is admitted under the Insolvency and Bankruptcy Code (IBC). The proposal is aimed at reducing avoidable litigation and safeguarding the time-bound nature of the resolution process, according to…
Glenn Maxwell (Photo by Pankaj Nangia/Getty Images) Australian star Glenn Maxwell has officially withdrawn his name from the IPL 2026 auction, bringing an unexpected pause to his long and colourful journey in the league. Maxwell announced his decision through an emotional Instagram post, thanking fans and franchises for their support over the years. In his…
