Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said.
Kolkata Knight Riders CEO Venky Mysore, on Saturday said the two-time former champions are 'independently viable'even though they have been consistent.
In a year when the COVID-19 pandemic has forced the tournament to be shifted out of India, KKR look to connect with their fans virtually across the globe.
The TKR has involved their local icons Kieron Pollard, Dwayne Bravo, Darren Bravo, Lendl Simmons and Sunil Narine, who along with the team's support staff will be personally distributing the hampers to various areas of the island nation.
'Sometimes we arrange a Zoom call just for him to say hello to the players, that's about it.' 'But otherwise, no, no direct talk, it's never happened, even in a normal year.' 'After the game, you win, you lose, SRK is there to encourage the team, give them hugs.'
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
The railway police are on high alert in Karnataka in the wake of threats by suspected terror groups operating from Mysore to carry out blasts on some trains plying from Bengaluru on the eve of Independence Day, a top Railway official said.
Rediff readers shared these interesting #India-Photos from their travels.
Tipu was a ruler of the erstwhile kingdom of Mysore and considered an implacable enemy of the British East India Company.
The gorgeous showstoppers from Day One at Mysore Fashion Week.
The boy was born through a C-section on June 16 at Sonam Nurboo Memorial Hospital in Leh and 30-year-old Dorjey Palmo found out that her baby was unable to suckle when she tried to feed him. The baby underwent a complex life-saving surgery recently at a private hospital New Delhi.
Many experts feel the concept of a national peak is nebulous, given that the growth in case numbers is dominated by a handful of states.
Kolkata Knight Riders new skipper Eoin Morgan says Dinesh Karthik put the team first, ahead of him being the skipper.
Kallis joined the side in 2011 as a player before replacing Trevor Bayliss as head coach in October 2015.
Members of the IPL Working Group had a meeting with Kolkata Knight Riders co-owner Jay Mehta and CEO Venky Mysore on Wednesday while former India skipper Anil Kumble joined in via video conferencing in his personal capacity.
Rediff readers shared these pictures of India from their travels.
Here's what your favourite Bollywood celebrities are tweeting.
IT major Infosys on Tuesday said it has seen no major impact on client deliverables due to the ongoing pandemic, and has been working proactively with clients to mitigate any potential impact. The Bengaluru-based company has also enabled vaccination for 14,150 employees and their family members through its centres, and is in the process of setting up additional facilities across its campuses in India. Besides, Infosys is providing financial support, exploring training and job opportunities for the next of kin and offering necessary assistance to support dependents of deceased staff members.
The watchdog says there were lapses in the tests
Rediff readers shared these photographs of India from their travels.
Tipu has been made divisive by people who want to use his name to milk their ends on either side of the debate, as there are ample examples to suit both arguments, says Vikram Sampath
Rediff readers share photographs of their celebrations.
Senior journalist N Niranjan Nikam recalls his childhood friend Srikanta Datta Narasimharaja Wadiyar, the maharaja of Mysore who passed into the ages on Tuesday.
A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines. At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK. While the banks argued a right to waive their security over the Indian assets involved in the case in order to recover their debt in the UK, lawyers for the 65-year-old businessman argued that the funds in question involved public money held by state-owned banks in India which precluded them from such a security waiver.
While in a statement issued earlier, the Railways had said that these trains will be fully non-air conditioned, on Wednesday it said that these will have both AC and non-AC classes and fully reserved coaches.
While the number of operational airports in the country will rise to 131, other smaller towns too are seeing a surge in connectivity.
The BCCI had on Monday announced that Indian women's cricket team will play a Test after more than six years in a one-off match against England.
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
This is more than 25 per cent higher as compared to the same period of the previous year when the prime minister had 78 domestic engagements.
'Good friends are those who advise whether something is palatable for you or not.' 'Good friends are those who are not afraid of telling the truth.'
Sumangala N travelled from Bangalore to Kappad where Vasco Da Gama landed in 1498. She shares her travel diary.
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
Party claims people in Mysore are very enthusiastic and are looking for a change, reports Gouri Satya.
Techies in Karnataka rarely come out and vote. Will the trend see any improvement this time around? Vicky Nanjappa reports.
Farmers in the two states have reportedly begun culling chickens, while the state governments have restricted supply of chicken across their borders.
External affairs minister S Jaishankar on Wednesday unveiled a plaque at Ra'anana in northern Israel in the memory of Indian soldiers who laid down their lives in the battle of Tabsor during World War I.
The first consortium includes Afcons Infrastructure, IRCON International and JMC Projects, while the second group of companies include NCC, Tata Projects and J. Kumar Infra Projects.
Indian IT services firm Infosys and Rolls-Royce, an aerospace and defence technology major, on Wednesday announced signing a strategic partnership for sourcing engineering and R&D Services for the latter's Civil Aerospace business. As part of the overall partnership, Rolls-Royce will "transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys", a statement said. However, the number of people who will move to Infosys was not disclosed.
Incessant downpour battered several states, including Kerala, Maharashtra and Karnataka, on Friday, with landslips and floods throwing normal life out of gear.
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