Members of the Parsi community, business leaders and politicians were among those who attended the cremation.
Telecom Secretary R Chandrashekhar on Thursday said 100 per cent foreign direct investment (FDI) in telecom would not be possible before the 2G auction.
Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term bonds to fund infrastructure and affordable housing. At that time, key executives at both entities denied any such proposal. And today, the merger has been officially announced by the two players.
BJP had attacked previous UPA govt over policy paralysis.
Suggesting big-ticket reforms to attract investment in the infrastructure sector, a high-level committee on Wednesday recommended increasing electricity charges and rail fares.
Polling for the 288-seat Assembly is being held in a single-phase on Wednesday.
Top business leaders to raise issues on investment, trade and the rupee
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
IIFCL Chairman S K Goel says the recommendations are premature, as the state-run lender's role as a guarantor for long-term funds would depend on the success of the Credit Enhancement Scheme and Infrastructure Debt Fund.
The book, 'India Can', has received praises from top business leaders including Deepak Parekh and Nandan Nilekani.
HDFC Chairman said a rock-bottom level of investment cycle in the country has indeed taken a toll on banking sector.
HDFC Chairman Deepak Parekh on Monday chose to voice the unspoken concerns of the investor community about over-regulation that had created problems for the Indian financial sector.
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit', but said that national challenges like fighting corruption cannot be solved by urban protests and posturing.
Giving their presentation at the CLSA investor forum, HDFC chairman Deepak Parekh, vice chairman and chief executive officer Keki Mistry and MD Renu Karnad highlighted that the competitive environment has been stable and HDFC can deliver 18-20 per cent loan growth with stable margins and asset quality.
Dr Ashok Ganguly, former chairman of Hindustan Lever and a Rajya Sabha MP, and one of the signatories to the recent open letter to the government by a group of 14 eminent people, speaks about the issues raised in the letter.
Deepak Parekh, HDFC Bank Chairman, M S Verma, former SBI Chairman, Raghuram, Professor IIM, Ahmedabad, Rajiv Lal, IDFC MD and Vinayak Chatterjee, Feedback, Infrastructure Services Chairman are members of the committee.
Some are innovators, some have inherited their family business and some are at the helm of big corporate houses. They are all successful in their own stride. Can you identify these business leaders? Take this quiz to find out
The real estate sector had been going through a rough phase even before the COVID-19 crisis, marked by falling sales and piling up of inventories.
Broader sentiment of lack of transparency bothers most in India Inc.
We should now think positively and look at options and opportunities, says Deepak Parekh.
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit'.
The line-up of authors at the Times of India Literary Carnival said something about the city that hosted it. Abhishek Mande reports.
Private players may soon be roped in for developing slums under the Manmohan Singh government's ambitious Rajiv Awas Yojna.
HDFC Ltd chairman Deepak Parekh on Thursday blamed the Rs 400-crore (Rs 4-billion) Citibank fraud to absence of specific guidelines for wealth management and expected regulators to come out with norms in this regard.
Following recommendations from the Deepak Parekh-headed Expert Group and taking into account comments from the public, PFRDA has categorised NPS investments into three asset classes -- E (equity), C (corporate paper) and G (government securities).
On the current liquidity crunch, the HDFC chief said that it was on account of certain cash outgo due to tax and 3G payments but the liquidity position is likely to improve by end-July.
The six-member board -- comprising HDFC chairman Deepak Parekh, former Nasscom president Kiran Karnik, former Sebi member C Achuthan, CII chief mentor Tarun Das, renowned chartered accountant TN Manoharan and LIC nominee Suryakant Balakrishnan -- met in Hyderabad on Thursday for the third time after it was constituted January 12.
Parekh said that liquidity might be under pressure during the current period and October, but would ease by November.
HDFC Chairman Deepak Parekh on Thursday said RBI is expected to raise key short-term rates by 25-50 basis points later this month.
The US is less concerned about who's jailed and more about a huge compensation from BP.
If the Bhopal judgment results in independent directors and CEOs/plant managers waking up to their responsibilities, that can only be a good thing.
Speaking on the sidelines of an AIMA summit in Kolkata on Thursday, HDFC chairman Deepak Parekh said there was a possibility of lending rates going up, as the cost of deposits was rising.
The government is likely to appoint more directors on the board of the crisis-ridden Satyam Computer Services soon. "More directors will be appointed within two days," a senior official of the Ministry of Corporate Affairs said.
The government's help to the crisis-ridden Satyam Computer Services may include financial support as well, as it is a question of saving jobs and institutional investment, Commerce and Industry Minister Kamal Nath said.
Moving quickly to stabilise the fraud-devastated Satyam Computer, the government on Sunday nominated noted banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan to the infotech company's board.
Expressing shock over the terrorist attack in Mumbai claiming about 100 lives, the Indian industry on Thursday demanded tougher laws along with 'stronger and firmer' leadership to tackle terrorism.
With only two days left for the final bidding process to start (9 am on April 13), the government-appointed board of Satyam Computer Services is giving final touches to the modalities. And providing the extra information the potential bidders wanted.
Within hours of going on indefinite strike, the employee unions of BSNL on Tuesday called off the protest after the government assured that the issue of disinvestment in the telecom PSU will be referred to a Group of Ministers.
The Reserve Bank is likely to hike interest rates marginally in the fourth quarter of this fiscal to give a signal to the market, a top financial sector expert said.
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