CAG picks holes in Gujarat government's financial practices

The Comptroller and Auditor General of India (CAG) has pointed out several flaws in the financial practices of the Gujarat government and said there was a need to formulate a realistic budget based......

'Indians are very intelligent, but we are not focussed'

'I urge Indians not to look down on us, but look up and say, "Yes, we can..."' 'If we get focused, nobody will be able to beat us,' says Dr Prathap C Reddy, founder, Apollo Hospitals, in our......

Non-communicable diseases on UNGA agenda

In a historic meeting on non-communicable diseases, the international community called on the food and beverages industry as well as the tobacco and pharmaceutical industry to be held accountable......

RBI curbs: JM Financial says nothing wrong with loan sanctioning process

JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order imposing restrictions on the company's financing business and asserted that there was "no material......

Media & entertainment space gets new PE fund

In what is amongst the first focused fund in the space, India Media Entertainment Fund (IMEF) is raising Rs 500 crore, which will provide both equity as well as instruments like non-convertible......

SBI ready to support Tata group's bid for Air India

With lower debt, Tata Sons will be able to turnaround the airline faster as its finance cost will come down. India’s largest public sector bank State Bank of India (SBI) will support Tata......

RBI bans DHFL from taking deposits under Piramal's management

The Reserve Bank has revoked the deposit-taking status of  Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a......

Anand held by Caruana; slips to joint third

World champion Viswanathan Anand slipped to joint third after being held to a draw by second seed Fabiano Caruana of Italy in the second round of the Grenke Chess Classic in Baden-Baden, Germany.......

Anand to meet Topalov in final

In a repeat of last year's final, Viswanathan Anand will take on Veselin Topalov in the title match of the Magistral Ciudad de Leon Chess Tournament after the Bulgarian Grandmaster defeated Rustam......

Harikrishna keeps sole lead

World Junior champion Pendyala Harikrishna continued with his top form to outsmart Grandmaster Luke McShane of England and remain in sole lead in the second Sanjin Hotel Cup Grandmasters Chess......

Adams wins game five to draw level

Grandmaster Michael Adams of England pulled off a scintillating victory over GM Rustam Kasimdzhanov of Uzbekistan in the fifth game of the World Chess Championship final, now drawing to a close, in......

Kasimdzhanov beats Topalov to enter final

Top seed Grandmaster Veselin Topalov of Bulgaria made his exit from the World Chess Championship after a second straight defeat against GM Rustam Kasimdzhanov of Uzbekistan in the semi-final......