With the RBI capping top managements' tenure at lenders, Kotak Mahindra Bank's head Uday Kotak on Monday said his current term as the managing director and chief executive is till December 2023 and the board will take a call on succession in due course. Kotak also stressed that the commitment to institution building has been a core value for the entity over the last 36 years of its existence. The RBI last week capped MD and CEOs' terms at private sector lenders at 15 years, from October 1 onwards, but has allowed the serving bank heads to complete their current appointments. Uday Kotak, who is also among the promoters of the lender, has been at the helm for over 17 years already.
Asked why the United States was targeting Putin's daughters, a senior Biden administration official said the US thought they could be in control of some of their father's assets.
The United Arab Emirates on Tuesday announced to change its existing five-day workweek to a four-and-a-half day starting January 1, becoming the world's first country to make the employee-friendly transition as part of its efforts to improve productivity and work-life balance. According to the new schedule, Monday to Thursday the work timings would be from 7.30 am to 3.30 pm, followed by a half day on Friday from 7.30 am to 12.00 pm, said the UAE Government Media Office. Saturdays and Sundays are full-day holidays under the new rule.
India, being the world's largest democracy, is likely to play an important role in such a summit. Biden defeated incumbent President Donald Trump in the bitterly-fought presidential election that attracted a record number of Americans to cast their votes.
'How can you explain the necessity of selling an institution that has been delivering regular returns to the government, that has never asked for any capital from the government, that has invested Rs 38 lakh crores in the Indian economy and that owns 4 per cent of the market capitalisation in India?'
Gandhi also hailed as 'an important idea' the party's decisions to give more representation to the youth and empower them, and added that there should be a 'healthy mix of youngsters and seniors'.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
'Rahul Gandhi has shown courage to heal the heart of democracy.'
I think the 'What-if-it-had-been-Patel?' sentiment represents a yearning for more of what we are already seeing around us in India today, observes Aakar Patel.
The University of Pennsylvania has emerged as the topmost university in the world, as per Youth Incorporated magazine's Global University rankings.
The 606 positive cases includes 43 foreign nationals, the ministry said. On Tuesday, the number of cases was 519.
TV actor Gajendra Chauhan is expected to take charge as FTII chairman on Thursday after an unprecedented and unsuccessful 193-day strike by the students opposing his appointment.
'...it gets a survey report that they are going to lose elections.' 'The fear of losing elections will make them immediately conduct a caste census.'
'They fear their caste privilege will be exposed if there is an OBC caste census.'
The patients were being administered paracetamol, and not Remdesivir drug, which was used for patients in the first and second COVID-19 waves, they said.
The launch of Polar Satellite Launch Vehicle (PSLV-C52) is scheduled at 05:59 hours on Monday from the First Launch Pad of Satish Dhawan Space Centre, Sriharikota, the Bengaluru-headquartered space agency said.
The presence of the private sector at a prestigious military training institution is an important acknowledgement of its growing capabilities in designing and manufacturing cutting edge aerospace and defence equipment, reports Ajai Shukla.
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York for a term of no less than 20 years.
'IIT-Bombay is the most preferred institute for education in technology.' 'The environment is very good and I will be a good student and a better asset for the nation.'
Senior leaders Mallikarjun Kharge and Shashi Tharoor, in the race for the post of Congress president, not only possess contrasting demeanour but have had an equally disparate political journey.
World over, pluralism is in retreat. Luckily for us, Indian pluralism and its consequent tolerance of diversity is rooted in our basic values. As long as we remain faithful to these values and keep our institutions in good health, the Indian miracle of last 75 years is likely to last centuries, asserts Colonel Anil A Athale (retd).
The president made a special mention of the threat to the environment and asked all citizens to take care of it for future generations.
The prime minister will leave for the Indonesian city of Bali on Monday on a three-day visit to attend the summit that is expected to deliberate extensively on pressing global challenges including the Ukraine conflict and its implications.
Justices Madan B Lokur, Kurien Joseph, Ranjan Gogoi and Jasti Chelameswar addressed the press conference on the lawns of Justice Chelameswar's official residence.
The Indian Institute of Management Calcutta is the only Indian institute to have made it to the top 20 of the Financial Times Masters in Management rankings 2019.
Delhi University's prestigious St Stephen's College today announced its first cut-off list for admissions to the 2015-16 academic session with the highest requirement being for English honours at 99 per cent.
Observing that the Indian Supreme Court plays the role of a 'counter-majoritarian institution', Justice Chandrachud said it is the duty of the top court to 'protect the rights of socio-economic minorities'.
Telangana's Mrinal Kutteri, Delhi's Tanmay Gupta and Maharashtra's Karthika G Nair shared the top rank, scoring 720 out of 720. Eight transgender candidates have also cleared the examination.
Dhananjaya Y Chandrachud, however, had no qualms about overturning the judgements of father Y V Chandrachud on hot- button issues like adultery and the right to privacy.
'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.' 'If the corporation has expanded and emerged as the biggest financial institution in the country, it is only because of the policyholders.'
The new system will consider the university or college as one unit, instead of treating department or subject as one unit.
The Serum Institute of India has informed the Centre that it will be able to supply around 22 crore doses of Covishield in October as the Union government has announced resuming export of surplus Covid vaccines in the coming fourth quarter under the 'Vaccine Maitri' programme, official sources said.
The Centre's decision to grant 10 per cent quota for the EWS category in admissions and jobs violates the basic structure of the Constitution on multiple counts including that it breaches the 50 per cent cap on reservation, the Supreme Court was told on Tuesday.
Amid growing demand for his resignation over the molestation row, St Stephen's Principal Valson Thampu's on Tuesday said he was being chased like an "animal" in the case.
Despite a strong start to trade today, key benchmark indices retreated sharply from their higher levels following bouts of profit-taking amid fresh weakness in the rupee against the dollar.
Chadha got 120 votes, the highest in the Asia Pacific group
The attack on Rushdie sent shock waves around the world, with world leaders and literary stalwarts saying they were appalled at the attack on the author who championed free speech and lived under the threat of assassination for nearly half his life.
The Declaration for the Future of the Internet is in part a response to a rising trend of digital authoritarianism, including Russia's actions to block credible news sites
About 150 years ago, in British India, big farmers in the western region of Maharashtra agitated over unfair lending practices and demanded a more fair and inclusive financing structure. People say this is where the seeds of the cooperative movement, now omnipresent in the country, were sown. Today, more than 800,000 cooperative societies thrive in India, with 300 million members, a number close to the population of the United States. Despite a reach this deep--grass roots as they call it--cooperatives do not occupy a lion's share in the Indian economy.
Here's the full text of address to the nation by President Droupadi Murmu on the eve of the Republic Day 2023.
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