Sustaining 8 per cent-plus growth rates is necessary if we are to reach high-income status by 2047, points out Amitabh Kant.
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
The annual Scripps National Spelling Bee, which is taking place at the Gaylord National Resort & Convention Center Hotel in National Harbor, Maryland, outside Washington DC, turns a hundred years old.
The Rajya Sabha, India's upper house of parliament, witnessed its second-longest sitting in history on Thursday, lasting until 4:02 am the next day. The House convened to clear the Waqf (Amendment) Bill and approve the statutory resolution on the imposition of President's Rule in Manipur. The longest sitting in Rajya Sabha history occurred on September 17, 1981, when the House sat until 4:43 am to pass the Essential Services Maintenance Bill.
An Indian-origin woman has been charged with murdering her 11-year-old son after a three-day vacation to Disneyland. Saritha Ramaraju, 48, was arrested after calling 911 to report that she had killed her son and taken pills to kill herself. The boy was found dead in a motel room with Disneyland souvenirs. Ramaraju faces a maximum sentence of 26 years to life if convicted.
In Debasish Panda's last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the "R2" licence for Kamlesh Goyal and Prem Watsa-backed Value Attics Reinsurance, making it the first private-sector Indian reinsurer after GIC Re, the public-sector reinsurer. "The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public-sector reinsurer.
The Central Bureau of Investigation (CBI) has sent a judicial request to the United States seeking information from private investigator Michael Hershman, who has claimed to possess crucial details about the Rs 64-crore Bofors bribery scandal of the 1980s. Hershman, the head of the Fairfax Group, had previously expressed his willingness to share information with Indian agencies, alleging that the investigation into the scam was derailed by the then Congress government. The CBI's request comes after previous attempts to obtain information from US authorities yielded no results. This move highlights the continued efforts to uncover the truth behind the decades-old scandal, which has had a significant impact on Indian politics.
Watsa, who has always believed in founders and management of the companies he invests in, has said that he restarted talks for the Catholic Syrian Bank deal due to CEO C V R Rajendran's initiatives
Journalist and author Chitra Subramaniam has demanded that the Central Bureau of Investigation (CBI) make public its findings from the "box of evidence" received from Switzerland regarding the Bofors payoffs. Subramaniam, author of 'Boforsgate: A Journalist's Pursuit of Truth', expressed concerns about the lack of transparency surrounding the evidence, questioning who opened the box, when it was opened, and what it contained. She also raised doubts about the official narrative regarding the alleged bribe in the Bofors case, suggesting the sum of Rs 64 crore may not reflect the full extent of the corruption. Subramaniam also alleged that the CBI planted stories about Hindi film actor Amitabh Bachchan to derail the investigation and launched a political vendetta against the Bachchans. She recalled that Bachchan had come to her home and asked if she had seen his name. The CBI has recently requested assistance from the United States in the case, seeking information from private investigator Michael Hershman, who claims to have crucial details about the scandal. The Bofors scandal, a major bribery case involving the Indian government and the Swedish arms manufacturer Bofors in the 1980s, pertains to allegations of a Rs 64-crore bribe in a Rs 1,437-crore deal for the supply of 400 155mm field Howitzers.
BlackBerry has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence, it said in a statement.
Struggling BlackBerry may have to shell out $157 million to Fairfax Financial if the smartphone maker backs out from the proposed $4.7 billion takeover offer.
At least 16 Fairfax County burglaries in the United States may be the work of the same suspects, who apparently have targeted homes of people with Asian backgrounds, sometimes by spotting depictions of a prominent Hindu deity, says a report in the Washington Times.
Virat Kohli is the only Indian cricketer to find a place in the final XI of Fairfax Media team of 2012.
The Indian-American community in upscale Fairfax County, Virginia, has begun feeling insecure following a rash of burglaries that appear to target their households. Of 21 burglaries reported in the county since January, 16 were in Indian homes.
While main events throughout the country were organised on Sunday by the Vishwa Hindu Parishad of America, several community members gathered at the iconic Times Square in New York to celebrate the historic event.
'I'm so pathetic when it comes to knowing what movies I've done. I'm sorry. I just, I don't watch them.'
189 people working at 59 Indian airports were found drunk on duty in the first half of this year, marking a 32 per cent year-on-year increase.
New South Wales Supreme Court Justice Lucy McCallum found that Fairfax Media was motivated by "malice" in publishing the stories.
Amber Heard has won part of her libel case against Johnny Depp. The jury has awarded her $2 million in damages.
How the Johnny Depp-Amber Heard relationship evolved and dissolved.
The collapse of Thomas Cook in the UK has no impact whatsoever in terms of ownership, business, people, technology or processes to us at Thomas Cook India: Madhavan Menon, chairman & managing director, TCIL.
Goa's second airport began operations last week and if all goes according to plans, the state will be the base for a new regional airline, Fly91. Promoted by the ex-executive vice-president of now grounded Kingfisher Airlines, Manoj Chacko, and Fairfax India's former head, Harsha Raghavan, the airline will offer no-frills buy on board product and serve unconnected routes with two ATR 72 aircraft. An application for the initial no-objection clearance was filed with the civil aviation ministry last week.
Airports hold pride of place in the government's National Monetisation Pipeline (NMP) programme to monetise public assets. Private airport operators, including the Adani group, Fairfax, GMR and Zurich Airport, are expected to evince interest in the next round of public private partnership (PPP) development of state-owned Airport Authority of India (AAI) airports. Industry analysts, however, do not expect bids to be as high as the last round, which saw Adani group gain control of six airports.
'Society deals with you the way they do, or forms an opinion, depending on if your family is with you every step of the way.'
The apartment owners at the Westin Melbourne said they had concerns for their health and never agreed to international players quarantining at the Westin
West Indies batsman Chris Gayle wins defamation case in Australia
Fairfax Financial Holdings made three investments in a month
Under-fire Chris Gayle has sought the services of a leading Australian lawyer to start defamation proceedings against Fairfax Media over allegations that the West Indian cricketer indecently exposed himself to a woman in Sydney during the World Cup last year. The allegations came to the fore following Gayle's widely-criticised live interview with Ten Sports' female presenter Mel McLaughlin while playing for Melbourne Renegades in the Big Bash League.
Chris Gayle is seeking to cash in on a defamation case against an Australian media company in the New South Wales Supreme Court on Monday over an alleged incident during the 2015 World Cup.
June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster.
Fairfax media said on Thursday that Cricket Australia had discussed postponing the T20 World Cup to February as part of scenario-planning.
For FY21, CSB is looking at growth of around 25 per cent and is confident of doubling it in two years. And it is also exploring options to acquire a mid-size bank with a good client base and branches in the north to acquire an all-India presence.
The IIT-Madras alumnus, who moved to Canada for an MBA programme and settled there, is not new to investing in India.
BlackBerry co-founders Mike Lazaridis and Douglas Fregin are considering a bid to buy the struggling smartphone maker, according to a securities filing on Thursday, raising the prospect of an alternative to a $4.7 billion offer led by its top shareholder.
Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.
The company plans to raise $1 billion with a private placement of convertible debentures.
What startles a visitor like me from India is how the 2020 US presidential election has divided families, husband and wife, parents and children, observes Payal Mohanka.
In its latest transition, the company will also double up as an investment vehicle.
Adani's Carmichael project has been stuck in the approvals process for the past five years.
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