The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
Former Board of Control for Cricket in India president Narayanswami Srinivasan is facing fresh trouble after reports emerged that he hired a London-based firm to spy on other Board members, it was reported on Sunday.
The Supreme Court on Friday issued notices to the Board of Control for Cricket in India, N Srinivasan, his company India Cements which owns IPL team Chennai Super Kings, and Rajasthan Royals on a plea challenging Bombay high court order refusing to appoint a fresh committee to probe the spot-fixing scam in the sixth edition of the IPL.
India is expected to contribute 15 per cent to the global growth in 2023, an International Monetary Fund (IMF) official said on Tuesday. "Both India and China are expected to contribute 50 per cent of the global growth in the upcoming year (2023). "However, the share of India's contribution to global growth is expected to be around 15 per cent," Krishna Srinivasan, director, Asia and Pacific Department (APD) at IMF said at a roundtable with reporters from south Asian countries.
Ashwin's unconventional decision-making takes centre stage in the TNPL.
A defiant BCCI President N Srinivasan today declared that he will chair the Board's Annual General Meeting scheduled to be held in Chennai on September 29.
The all powerful working committee of the Board of Control for Cricket in India will meet in Chennai on Tuesday to discuss the Mudgal Committe report and decide on a new date for its upcoming Annual General Meeting.
The Supreme Court verdict accepting the Lodha Committee's recommendations on age-cap of 70 years for office-bearers of the Board of Control for Cricket in India effectively means the end of the road for veteran administrators like Sharad Pawar, Narayanswami Srinivasan and Niranjan Shah, to name a few.
Rajeev Srinivasan on why Narendra Modi is a threat to the establishment because he overturns many of the convenient myths they propagate
The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals. Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.
I hope those who underestimate Rajeev Chandrasekhar will be proved wrong in this fight for Thiruvananthapuram's future, notes Rajeev Srinivasan.
Calling the life ban imposed on S Sreesanth "bizarre", his lawyer Rebecca John said the tainted pacer will challenge the BCCI's decision in court as it is "completely against the principles of natural justice".
Narayanswami Srinivasan has given an undertaking in the Supreme Court that he will stay out of matters related to the Indian Premier League if elected BCCI president till he gets clean chit.
Former Punjab & Haryana Chief Justice Mukul Mudgal submitted a report to the Supreme Court on the Indian Premier League spot-fixing scandal, involving BCCI chief N Srinivasan's son-in-law, Gurunath Meiyappan.
The Madras High Court on Wednesday ordered issue of notice to the state government and Tamil Nadu Cricket Association office-bearers, including its president N Srinivasan, on a petition which alleged irregularities in TNCA and sought appropriate action.
India's civil nuclear liability regime has raised serious questions about the country's capacity addition programme. In an interview with Sanjay Jog, G R Srinivasan, former vice-chairman of the Atomic Energy Regulatory Board and currently principal associate-nuclear power business in GMR Energy Ltd, says the regime is tremendously unbalanced and may adversely affect the nuclear capacity addition programme.
Beleaguered Board of Control for Cricket in India president N Srinivasan continues to be defiant despite calls for his resignation getting more vocal. On Wednesday afternoon, though he did not say he will not step down, he clarified that he will have no say in the commission appointed to probe his son-in-law Gurunath Meiyappan's role in the IPL spot-fixing and betting episode.
Driven by mega investment proposals from Tata Power, Adani group, Singapore's Sembcorp Industries and Leap Green Energy, among others, the two-day Global Investors Meet 2024 in Tamil Nadu is expecting an infusion of around Rs 6.64 trillion. This is likely to create around 2.69 million direct and indirect jobs in the state. "Due to our tireless efforts and your participation during this Global Investors' Meet, we have attracted an unprecedented Rs 6.64 trillion of investments.
Foreign portfolio investors' (FPIs') net investment in the domestic debt market in October was the third highest during the current calendar year as foreign investors rushed to lock in higher returns amid global uncertainty and geo-political tensions, market participants said. FPI inflows in debt stood at Rs 6, 322 crore in October against Rs 768 crore in September, according to data on the National Securities Depository Limited (NSDL). Market participants said that the majority of the inflows were channelled through corporate bonds.
Former IPL commissioner Lalit Modi proposed the name of veteran administrator I S Bindra as a possible successor to N Srinivasan, who has rejected demands for his resignation as BCCI president in the wake of arrest of his son-in-law on charges of betting in IPL.
At least 10 Indian-Americans, almost all of them Democrats, have won local and state level elections held in several parts of the country, reflecting the growing political empowerment of the ethnic community that constitutes a little over one percent of the United States' population.
If the series finally happens, then there are a couple of possibilities -- two Tests and three ODIs or only three Tests with the limited overs series being scheduled at a later date.
N Srinivasan, regarded as the world's most powerful cricket administrator, offered to step down as the Board of Control for Cricket in India on Thursday in the wake of a fixing and betting scandal surrounding the Indian Premier League. Check out the 10 key facts about the veteran administrator.
The Supreme Court on Monday slammed the Board of Control for Cricket in India over the spot-fixing scandal in the sixth edition of the Indian Premier League and also questioned the return of Narayanswami Srinivasan as its president.
The Supreme Court has asked Board of Control for Cricket in India (BCCI) president N Srinivasan to step down from his post to ensure a fair probe in the Indian Premier League (IPL) 2013 spot-fixing and betting scandal.
The Supreme Court said purity of cricket has to be maintained and all persons at the helm of its affairs should be above suspicion.
The talent is in plenty in this squad and if this machine runs smoothly, a sixth IPL trophy will be at touching distance for Thala and Co.
Haresh Pandya speaks exclusively with former BCCI secretary Niranjan Shah a day after N Srinivasan was re-elected unopposed for a third term at the board's 84th Annual General Meeting in Chennai.
He had bailed out N Srinivasan at his most critical juncture but former ICC and BCCI president Jagmohan Dalmiya has been left in the lurch if the various sub-committees formed at BCCI's Annual General Meeting on Sunday is any indication.
Former BCCI president Shashank Manohar has said that the amendment of the BCCI constituition in 2012 regarding president's post was done to ensure that BJP heavyweight Arun Jaitley became board chief in 2014 instead of N Srinivasan going for a second term.
While the calls for Board of Control for Cricket in India president Narayanaswami Srinivasan's resignation get louder by the day, members are split over whether the veteran administrator should continue or go.
In view of this development, do you think Srinivasan should attend the Board's Committee Meeting scheduled for August 2? Tell us!
A group of current and retired faculty members at the Indian Institute of Management-Bangalore (IIM-B) has asked leaders of corporate India to "de-fund" the spread of misinformation and hate speech through news channels and social media.
The Tamil Nadu assembly on Wednesday passed a resolution urging the Centre to extend the benefits accorded to Scheduled Castes also to those among the SCs embracing Christianity.
Firmly maintaining that his "conscience is clear", new ICC chairman Narayanaswmi Srinivasan said he has "done nothing to tarnish the image of the game" and will speak out once the Probe Committee, headed by Justice (retd) Mukul Mudgal, tables its final IPL spot-fixing report.
Chief Election Commissioner James Michael Lyngdoh, i-flex solutions Ltd chief Rajesh Hukku, and TVS Motor chief executive Venu Srinivasan have figured among the top 25 'Stars of Asia' chosen by the prestigious Business Week magazine.
'Yes, there have not been any express fast bowlers that are coming from the MRF Pace Foundation that we used to have back in the years.' 'But that's not going to happen anymore. Now, in the next few years, you are gonna see a lot of really good fast bowlers coming out from the MRF Pace Foundation again.'
Glimpses from the Chennai Super Kings-Rajasthan Royals IPL 2023 game at the M A Chidambaram stadium in Chennai on Wednesday, April 12, 2023.
Shrinking inflows and surging outflows on account of profit-booking has curtailed mutual fund (MF) investments in equities since April. The total investments made by equity MFs during the first three months of 2023-24 stands at just Rs 2,980 crore, compared with an average monthly investment of Rs 14,500 crore in 2022-23, reveals data from the Securities and Exchange Board of India. "We are seeing signs of moderation in non-systematic investment plan (SIP) contribution, which has impacted domestic fund inflows in recent months to some extent," says Kunal Vora, head-India equity research, BNP Paribas.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
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