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RBI Fine on BDCC Bank for Regulatory Violations The Reserve Bank of India has imposed a ₹2 lakh penalty on Belagavi District Central Cooperative Bank for non-compliance with critical loan disbursal norms. The violations span six to seven years and include illegal loans to d...

Iran conflict threatens India's economy across multiple fronts. Oil shipments through the Strait of Hormuz have stalled, potentially widening the current account deficit and fueling inflation. The rupee has weakened significantly, trading near 91.5 against the dollar, and fu...

Risk sharing theory advances. A new mathematical framework generalizes how risk is distributed across large markets with heterogeneous agents. Researcher Vasily Melnikov's work extends classical models to continuous agent populations, applying entropic and expected shortfall...

New research reveals upmarket commercial development drives significant London property gains. A comprehensive study analyzing 21,189 restaurant and cafe openings across Greater London found house prices rise monotonically after commercial entry, reaching 4.1% appreciation a...

OpenAI contractors face payment delays from Handshake AI. Multiple workers report that Handshake AI, a staffing platform, is withholding thousands of dollars in compensation for completed work on OpenAI projects. The delayed payments have left contractors without expected in...

Middle East aviation crisis deepens as geopolitical tensions escalate. Over 21,000 flights have been cancelled across major regional airports since late February, leaving approximately 1.5 million passengers stranded. Dubai International and Abu Dhabi's Zayed International A...

SpiceJet deploys emergency capacity as West Asia tensions persist. The airline operated eight special flights from UAE on Wednesday to evacuate stranded Indian nationals, with four flights to Delhi, three to Mumbai and one to Kochi. This follows four additional special fligh...

Australian fuel prices could surge to A$3 per liter if geopolitical tensions escalate oil costs. Westpac analysts warn that a month-long disruption to the Strait of Hormuz could push Brent crude to US$113 per barrel, with even Iranian production disruptions alone potentially...