Prime Minister Narendra Modi has embarked on a three-day diplomatic visit to Southeast Asia, beginning with Thailand where he is attending the 6th BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Summit. Following his engagements in Thailand, PM Modi will travel to Sri Lanka to further deepen bilateral relations with the island nation. Upon his arrival in Thailand, PM Modi was warmly received by members of the Indian community, highlighting the strong c

A loan against mutual funds is an effective financing option that allows investors to access funds without selling their investments. By pledging mutual fund units as collateral, individuals can secure a loan from banks or financial institutions. This method provides a practical solution for short-term financial needs while enabling investors to retain their portfolio and continue benefiting from market growth.   What is a Loan Against Mutual Funds?

Sri Lanka’s cricket team pulled off a stunning 174-run win over Australia in the second and final ODI in Colombo, securing a series sweep with a 2-0 victory. Australia, chasing 282, were bowled out for a paltry 107, their lowest-ever total in Asia. The collapse was dramatic, as they lost their final seven wickets for just 28 runs.   Australia made several changes in their lineup, experimenting ahead of next week’s Champions Trophy. Despite using a variety of

Australia’s latest Test match against Sri Lanka in Galle is set to feature a new face in the squad, with 21-year-old left-arm spinning allrounder Cooper Connolly making his Test debut. The match comes after Australia’s dominant win in the first Test, where they triumphed by an innings and 242 runs. Connolly, who has yet to claim a wicket in his first-class career, will provide an additional spin option on a dry surface expected to produce significant turn. He replaces offspinner T

Adani Group has issued a statement refuting claims that its 484 MW wind power projects in Sri Lanka, located in Mannar and Pooneryn, have been cancelled. The company clarified that the recent decision by the Sri Lankan Cabinet to reevaluate the tariff approved in May 2024 is part of a routine review process, especially with the new administration in place. The reevaluation aims to align the terms with the country’s evolving energy policies. The company emphasized its commitmen

The International Cricket Council (ICC) has finalized a hybrid model for next year's Champions Trophy, allowing India to play its matches in Dubai, while Pakistan will co-host the event in the UAE. The decision, reached after informal discussions between ICC President Jay Shah and the Board of Directors, including Pakistan's representatives, is a major step toward resolving venue concerns in international cricket. The 2025 Champions Trophy will be held in the UAE and Pakistan, with In

Sri Lanka has committed to completing its foreign debt restructuring by the end of December 2023, aiming to address its $46 billion external debt. After defaulting on debt in April 2022, the country has been working on rebuilding its finances with help from an IMF bailout. Deputy Minister Anil Jayantha Fernando confirmed that debt restructuring, which has been delayed for over two years, is critical for the country's economic recovery. The restructuring includes international sovereign bo

The public issuance of non-convertible debentures (NCDs) has significantly slowed down due to heightened regulatory scrutiny, particularly by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). According to SEBI data, Indian companies raised only Rs 5,526 crore in public NCD issues from April to October 2023, which marks a 59% decrease compared to the same period last year. Public issues allow companies to borrow from the general public by offering debt secu

The Adani Group reported a record financial performance in the first half of the ongoing financial year and for the trailing twelve months, driven by its growing businesses in infrastructure, energy, and renewables. The group's net exposure to Indian banks stands at $11 billion, with equity now accounting for 63% of its total debt. This marks a reduction in the conglomerate's reliance on debt. The strong growth in the first half was fueled by Adani Enterprises' solar and

In a surprising turn of events, Sri Reddy, once a controversial figure in Andhra Pradesh politics for her abusive attacks on leaders from the TDP (Telugu Desam Party) and JSP (Jana Sena Party), has issued a public apology to key political figures, including Chandrababu Naidu, Lokesh, and Pawan Kalyan. Known for her harsh and often vulgar social media posts and videos aimed at these leaders, Sri Reddy's past actions were part of a broader wave of hostility from the YSR Congress Party (YSRC

Anura Kumara Dissanayake, Sri Lanka's newly elected Marxist President, is charting a careful course in the midst of geopolitical tensions between India and China. With the country grappling with a severe financial crisis since 2019, which culminated in a sovereign default in 2022, Dissanayake's administration is focused on rebuilding ties with various global partners while avoiding being "sandwiched" between the two regional powers. In a recent interview with T

Sri Lankan wicketkeeper-batter Niroshan Dickwella has been suspended by Sri Lanka Cricket (SLC) following allegations of an anti-doping violation. The suspension, announced with immediate effect on Friday, relates to an incident during the recently concluded Lanka Premier League (LPL) 2024, where Dickwella captained the Galle Marvels. The Sri Lanka Anti-Doping Agency (SLADA) conducted the test as part of SLC's ongoing efforts to uphold the integrity of cricket and ensure the sport remains