India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 per cent annually in fiscal years 2024-2026, S&P Global Ratings said on Thursday. In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices. Interest rates in India are unlikely to rise materially, and this should limit the risk for the banking industry, it added.
Asokan, who was present in the court, offered an unconditional apology to the bench and prayed for clemency.
The Securities and Exchange Board of India (Sebi) might relax the disclosure norms around rumour verification to help smooth implementation and ease compliance amid pushback from India Inc, said people in the know. The rule has been notified following amendments to the Listing Obligations and Disclosure Requirements (LODR) by Sebi. However, its implementation has been deferred until February.
A man landed at a private school in Barabanki in Uttar Pradesh and pronounced "triple talaq" to his wife in front of her students while she was taking a class, the police said on Thursday.
Dr Rajesh M Parikh remembers Dr Dinshaw Doongaji, the legendary psychiatrist who passed into the ages last week, a day short of his 91st birthday.
You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
Kate Middleton on Monday apologised for 'any confusion' caused by a royal family portrait released by Kensington Palace of her posing with her three children, the first photograph made public since her abdominal surgery in January.
Ishan Kishan did not want to see his performance as a tool to prove a point to his detractors.
Tiger Woods has always tried to maintain tight control over every aspect of his game but he conceded on Wednesday that his troubled private life had taken its toll on his practice time.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
India and the US have signed an agreement to promote innovation through increasing cooperation among startups, address regulatory hurdles and share best practices on fundraising by entrepreneurs, an official statement said on Wednesday. The memorandum of understanding (MoU) on enhancing innovation ecosystems through an innovation handshake under the framework of India-US Commercial Dialogue was signed on November 14 in San Francisco. Commerce and Industry Minister Piyush Goyal is in San Francisco.
Ukrainian medical universities have allowed their foreign students to gain practical training at hospitals and clinics in their own countries, giving relief to thousands of Indian students who have fled the war-hit nation.
Mergers and acquisitions (M&As) in India are expected to stay buoyant, seen over the last three-four years, despite a slowdown in the first seven months of the calendar year. "M&A is a lumpy business activity, and we may suddenly see large deals taking place during the next two quarters of the calendar year. "This would help maintain the streak of strong M&A activity.
Needless to say, coaching institutes are unhappy with suggestion.
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
The state government ordered an inquiry into the programme organised at Kalorex Future School, located in Ghatlodia area of the city, on September 29.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Prime Minister Manmohan Singh on Monday said the government is working towards creating an atmosphere where trade and industry come forward to reserve jobs for the socially underprivileged -- a practice in vogue in the public sector.
Alternative investment funds (AIFs) have not seen any significant redemptions from financial institutions even though the 30-day timeline provided by the Reserve Bank of India (RBI) to liquidate their holdings or make full provisions ends recently. Sources said the industry is awaiting certain relaxations or extensions based on the recommendations submitted to the banking regulator. On December 19, the RBI restricted financial institutions and banks from investing in AIFs where there is any downstream link or exposure to a debtor firm.
A day after Sania Mirza was accused of not attending Madhya Pradesh awards ceremony owing to her unacceptable demands, the agency which looks after the tennis star issued a statement saying that she didn't ask for any money to attend the event. The Indian Express reported on Wednesday that after Sania had accepted the invitation, her personal assistant made demands of a make-up kit worth Rs 75,000 and a chartered plane.
A lot depends upon the crucial decision-making skills of the management. If you have any doubts about the management then you always have the choice of selling your shares or not buying stocks of those companies at all.
The National Medical Commission in the Professional Conduct Regulations also bar doctors from endorsing any drug brand, medicine or equipment, or advertise them.
Away from the courtroom and legal circles, Nariman was a familiar figure for residents of Hauz Khas who would see him walk regularly, even in the cold winter months of December and January.
Assessment reports will be shared with all employees
India's top private banks might soon exit from the gold coin business.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
In a move towards gender inclusion, Tamil Nadu has partnered Godrej Consumer Products (GCPL) to offer a 5 per cent job reservation for LGBTQAI+ and people with disabilities at GCPL's upcoming fast-moving consumer goods manufacturing unit in Thiruporur in Chengalpattu district. According to industry experts and activists, while companies acknowledge transgender communities, this is the first time the entire spectrum of gender minorities, including lesbian, gay, bisexual, transgender, queer/questioning (one's sexual or gender identity), asexual and intersex, is receiving such a notable share of job participation in the private sector while signing memoranda of understanding with states.
'It is important to understand that the disability is not in the person.' 'The problem lies in societal attitude and the discriminatory treatment given to disabled people in our country.'
Stressing on the 'Make in India' initiative, a Ministry of Defence appointed committee has recommended enhanced private sector involvement by granting manufacturers tax and import concessions.
rediffGURU Abhishek Shah advise you on how to deal with challenges at the workplace.
The Goa government's decision has not gone down well with Opposition parties and industry bodies.
Shekhar Kumar, an HR expert, talent, and client acquisition leader at SEPL offers advice on how to grow professionally.
Scandal is a result of callous administrative approach.
This is needed to maintain the purity of judicial process and fairness in ongoing trials riots' cases, it said.
If successful, this would increase capacity to hurl small satellites into space, meeting both local demand and serving global customers.
The top 50 exposures, amounting to Rs 7.8 trillion, of government-registered non-banking financial companies (G-NBFCs) constitute about 40 per cent of corporate credit within the NBFC sector, indicating concentration risk, according to the Reserve Bank of India's report "Trend and Progress of Banking in India 2022-23". Notably, all the 50 are tied to the power sector, a domain fraught with inherent challenges, the report said. The report highlighted recognising the escalating systemic importance of G-NBFCs, the Prompt Corrective Action (PCA) framework had been expanded to include G-NBFCs excluding those falling within the base layer.
