'If the navy was part of the ministry of defence then, of course, the defence minister would have been jointly responsible for everything that happened. But that is not so. The defence minister can shrug his shoulders and say, "Look I don't know what is going on in the navy, so let the chief handle it". The politician is free to do what he feels. If his conscience hurts him, he is welcome to quit,' former naval chief Admiral Arun Prakash tells Rediff.com's Vaihayasi Pande Daniel.
"The hike in RBI's provisioning requirements is likely to have a significant impact on profits over the short term, especially for those banks that currently have relatively low NPL provision cover ratios," Moody's said.
Amid China's economic slowdown, the country's economic challenges may increase manifold and its economy may be hit harder in the wake of the Ukraine-Russia crisis.
Pakistan's High Commissioner to Britain Wajid Shams-ul- Hassan has termed former President General Pervez Musharraf's statement regarding misuse of United States' military aid as a 'foolish' comment, and has said that it could have a damaging effect on the country's image.
An ugly incident over a beef festival that was to be held at the Osmania University in Hyderabad has become a talking point in Andhra Pradesh as the development is being seen as a ploy to divide the students who have been very united in fighting for the Telangana cause so far, reports Vicky Nanjappa.
His likable boy-next-door face and casual approach to public speaking have a unique appeal for the younger generation, but it stops there, observes N Sathiya Moorthy.
Though private labels comprise 10 to 12 per cent of the overall FMCG volumes, analysts said they were recording double-digit growth annually and could pose problems for the big players in the near future.
The BJP is not taking the AAP challenge lightly. Amit Shah has cautioned party insiders to ensure that AAP does not cross a vote share of 24%. He has always seen AAP as a much more significant challenge than the Congress, observes Ramesh Menon, author, Modi Demystified: The Making Of A Prime Minister.
Leicester City stumbled on their march towards the Premier League title when they drew 2-2 with West Ham United and had goalscorer Jamie Vardy sent off at the King Power Stadium on Sunday.
The US has downsized world's rice production by 15 million tonnes following an estimated decline in output of an equal quantity of the grain in India possibly due to drought.
Former Pakistan head coach Waqar Younis has claimed that his relationship with former skipper Shahid Afridi has been spoiled after his scathing report on the country's dismal performance in the recently-concluded World T20 was leaked. "I have been very clear that report was not for the media, but for the cricket board. Unfortunately, the report was leaked and my relationship with Afridi has been spoilt," Younis was quoted as saying by ESPNcricinfo. Waqar and Afridi's decision to step down from their respective position came days after their side's early exit from the T20 format's pinnacle event. Pakistan were crashed out of the prestigious tournament after suffering three successive defeats against arch-rivals India, New Zealand and Australia in the group stages. Talking about Afridi's drawbacks, the 44-year-old said that the main problem with the all-rounder was his inability to concentrate on a particular thing for long span of time. "Afridi's drawbacks as a captain are for everyone to see. He has got a temperament issue. He cannot sit for too long to highlight things, or absorb things and then go and implement them. I've said this in my report," said Younis.
Realtors' body CREDAI on Monday said the cost of construction has gone up by 20-25 per cent, mainly during the last 45 days, due to steep rise in prices of raw materials like steel, and builders will be forced to increase property prices from next month by an average 10-15 per cent. CREDAI-MCHI, the Maharashtra chapter of CREDAI, demanded that the central as well as state governments consider giving relief to the industry by reducing stamp duty and GST rates, besides allowing input tax credit (ITC) to developers. The association said it would not advise member developers to stop construction works as of now, but if the price rise continues then builders would have no option but to halt works at project sites and defer purchase of raw materials.
A round-up of Tuesday's action in the UEFA Champions League.
Jos Buttler would be eagerly waiting to pounce on an inexperienced Chennai Super Kings attack in order to clinch a play-offs berth for Rajasthan Royals in the IPL 2022 match on Friday.
Glenn Maxwell's super all-round showing helped Royal Challengers Bangalore trounce Mumbai Indians by 54 runs as they inched closer to the IPL play-offs.
Their confidence severely dented after two comprehensive defeats, last edition's runners-up side Kolkata Knight Riders will be looking to get their inconsistent campaign back on track when they face Rajasthan Royals in the IPL match in Mumbai on Monday.
Villa are sixth, five points behind the leading pair after four matches but have won both home games.
The economy segment of India's car market is unlikely to revive soon term as inflation and prices prompt buyers to defer purchases. The share of entry-level cars in the passenger vehicle market dropped to the lowest in seven years at the end of the Financial Year 2021-22 (FY22). A recovery in the segment will be largely driven by the overall economic growth, improvement in income levels, and easing of semiconductor shortage, say carmakers and analysts.
'There is a sense within the government and Modi that things are not as good as they were in 2019.'
Fitch Ratings on Wednesday cut India's growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier, due to slowing recovery post second wave of COVID-19, and said rapid vaccination could support a sustainable revival in business and consumer confidence. In a report, the global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22). "Fitch Ratings revised down India's real GDP for FY22 by 280bp to 10 per cent, underlining our belief that renewed restrictions have slowed recovery efforts and left banks with a moderately worse outlook for business and revenue generation in FY22," it said. Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.
Bharti, who has been admitted to All India Institute of Medical Sciences-Rishikesh after testing positive for COVID-19, said had she been fine she would have herself visited the family in Hathras district, and added she will definitely visit the family after getting discharged from the hospital.
According to the findings of the CSDS-Lokniti survey, the BJP saw a marginal increase in its support among the Muslim voters as compared to the 2017 assembly elections.
More than Mahendra Singh Dhoni wielding his magic with the bat, it was young Rishabh Pant's captaincy which left everyone bewildered.
An ABCNEWS/Washington Post poll revealed that the US president's job approval rating fell to 50 per cent.
The Rashtriya Lok Dal has chosen educated candidates hailing from the constituency and with no criminal background, while partner the Samajwadi Party picked them on their 'winnability' factor as the alliance announced the first list of nominees for the Uttar Pradesh assembly polls.
'With increasing use of social media for instant communication, the armed services better find a quick solution to the new challenge they face or else continue to remain on the back foot despite doing sterling work in combating the proxy war in Kashmir.'
With nothing really to lose and a lot to gain, Team India hopefuls, under the leadership of Yuvraj Singh, will try every trick in the book to pull off an upset when Board President's XI take on Australia in a four-day warm-up match, starting in Hyderabad, on Thursday.
According to travel management companies, travel budgets of financial sector majors have seen a fall of 40 per cent this year compared with the decline in other segments, like manufacturing, which has shrunk by 20 per cent and IT, which has seen a drop of 10-15 per cent. Global travel conglomerates like Radius, which have a formidable presence across the globe because of the travel agents' network, said times are tough as a majority of businesses are shrinking.
Investors' wealth eroded by a massive Rs 8,21,666.77 crore on Monday as the market saw a massive sell-off not seen in many months. The BSE benchmark Sensex plunged 1,170.12 points or 1.96 per cent to close at 58,465.89. This is the worst single-day drop for the gauge in over seven months. This was also the fourth straight session of decline for the Sensex.
'RBI is already late in addressing inflation pressures.'
A single application and a plethora of services for passenger cars - that is what myTVS, a brand that operates under Ki Mobility Solutions and is part of the TVS family, is set to bring to customers, in a bid to disrupt the concept of "super apps" in India. Starting July 15, myTVS will launch its connected car platform or super app called myTVS Life360 for aftermarket passenger cars. Through it, customers will be able to avail themselves of a range of services like maintenance, diagnostics, roadside assistance, accessories, payments, insurance, and so on.
After mishandling completely Baba Ramdev's hunger strike, the UPA government and the Congress party is branding the ongoing anti-corruption stir as the fight of people with communal agenda. Sheela Bhatt analyses where the deception lies.
India will go all out to brush off an inconsistent run and seal a semifinal berth in the Women's World Cup
IndusInd Bank was the top loser in the Sensex pack, tanking over 8 per cent, followed by Bajaj Finance, SBI, ONGC, Titan, M&M, Bajaj Finserv, ICICI Bank and Axis Bank. NSE Nifty plunged 524.05 points to finish at 14,310.80.
At a time when corporate slowdown is hitting headlines, IITians are happy that the effect of the weakening dollar has not made any impact on their pay packets.
Taking strong exception to former West Bengal chief secretary Alapan Bandyopadhyay skipping a meeting of Prime Minister Narendra Modi, government sources on Wednesday said his conduct has made a severe dent to Indian Administrative Service and it could lead to anarchy.
India's chances after this defeat will be badly dented as even a big win against Indonesia in the last game might not be enough for qualification to
Asian Paints was the top gainer in the Sensex pack, rising 4 per cent, followed by Sun Pharma, HUL, HDFC, Dr Reddy's, Nestle India and M&M. NSE Nifty advanced 45.70 points to 14,683.50.
Lavasa is attempting to create an idea that such a city can be built, and rapidly, and not only restore or preserve the ecology but enhance it as well.
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