The Reserve Bank did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated earlier and is likely to do so only next week, according to a central bank official. While placing LVB under a moratorium and then issuing a draft amalgamation scheme on November 17, the RBI had said it would issue the final merger scheme on November 20 (Friday) so as to help complete the resolution for the 94-year-old lender by December 16. However, as of 2200 hrs on Friday, the central bank did not issue the final merger scheme. When contacted, a senior RBI official told PTI that the same would now be issued early next week.
A final decision by the team's think-tank will be taken after the final practice session on Friday.
In a much-needed relief to cash-strapped airlines, this is the second straight monthly reduction in rates and the biggest single cut ever.
The space agency had earlier announced that the launch is tentatively scheduled at 09:28 hrs IST on November 25, subject to weather conditions.
The latest move, even if it is symbolic, is the first rate hike after the one announced end of 2019.
The England-Windies Test series will be held at Hampshire's Ageas Bowl and Lancashire's Emirates Old Trafford, which have been chosen as bio-secure venues.
'It is no accident that politicians strive to control sports bodies, and get their names associated with popular sports, sometimes by renaming stadiums after themselves,' observes Devangshu Datta.
India captain Virat Kohli and his team mates would be ready to spend two weeks in quarantine in Australia if that helped the tour go ahead as planned later this year, a top official of the Board of Control for Cricket in India said. A cash-strapped Cricket Australia (CA) is banking heavily on the series, reportedly worth A$300 million ($195 million), to help it cope with an acute financial crisis triggered by the coronavirus pandemic.
A day after the RBI put in public domain a draft scheme of merger of Lakshmi Vilas Bank (LVB) with subsidiary of Singapore-based DBS, public sector banks' officer union AIBOC on Wednesday said the amalgamation is not in the national interest and demanded the consolidation with any PSB. The proposed amalgamation of the cash-strapped LVB with DBS Bank India seems to be a ploy to provide entry of foreign banks into the country in a big way, All India Bank Officers' Confederation (AIBOC) president Sunil Kumar said. The Indian banking sector provides huge opportunity for growth, so the foreign banks have been looking at inorganic route to expand their presence for long, he said.
Designer duo Abu Jani and Sandeep Khosla created Priyanka's wedding reception look.
'If we want to ensure this isn't a once-in-four-decade phenomenon, then we have to produce 1,800 players all the time, create infrastructure, so that we are constantly challenging at the top of the ladder.'
Death defying stunts at 2,965 metres above sea level!
Sarah Jane Dias had us drooling in a psychedelic dress at Urvashi Joneja's show at Lakme Fashion Week Winter/Festive 2017.
'Oscar has been given to A R Rahman.' Ringa Ringa Ringa, Choli ki peeche kya hai -- What's the difference? Exactly the same. Also, Jai ho.' 'I did Ramba ho in 1985.' 'Rahman combined three of my songs and got Best Original Score.' 'The Ho came from me.' 'Bappi Lahiri brought the Ho to Bollywood.'
Five-time champions Mumbai Indians will look to continue their winning streak in IPL 2021.
An undergarment with the right size and fit makes you feel comfortable and confident.
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
A weekly roundup of the best and worst styles from the celebrity circuit.
Is it a smartwatch or an upgraded fitness band? Veer Arjun Singh finds out.
Images from Day 11 of the 2021 French Open at Roland Garros in Paris on Wednesday.
Neeraj Chopra broke his own meet record while Sable set a new national record time of 8 minutes 20.20 seconds to win the 3000m steeplechase
Future group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries. This will be a big support for the cash-strapped future group firms before the completion of Rs 24,713 crore buyout of the country's second-largest retailer by Reliance Industries' arm. Ecommerce major Amazon has raised objections over the deal.
The hotel found the staffer and said it would be a delight to connect the two
Williams's bra was a clear violation of the All England Lawn Tennis Club's dress rules which state that 'any undergarments that either are or can be visible during play (including due to perspiration) must also be completely white except for a single trim of colour no wider than one centimetre (10mm)'.
Fossil recently unveiled its latest collection of watches 'Georgia'.
CARTOSAT-3 is a third generation agile advanced satellite having high resolution imaging capability.
Prakash Bhandari salutes the spirit of Abebe Bikila who twice won the Olympic Marathon in record times.
The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of Yes Bank, Mahesh Krishnamurthy and Atul Bheda as non-executive directors.
Amidst concerns that cash-strapped governing bodies will give priority to men's events over less-lucrative women's fixtures once the health crisis triggered by coronavirus pandemic is over, star Australia all-rounder Ellyse Perry believes that women sport will emerge unscathed. Sporting activities around the world have been brought to a grinding halt by the coronavirus outbreak.
Starc took 4-43 as Australia cruised to a 64-run victory at Lord's on Tuesday to qualify for the semi-finals
The owners of the cash-strapped Deccan Chargers sold the Indian Premier League franchise to a real estate company for an undisclosed sum. Deccan Chronicle Holdings, which paid $107 million for the franchise in 2008, informed the stock exchanges on Friday of their decision to sell the team to Kamla Landmarc, a Mumbai-based real estate company.
New Zealand's fast bowling department has been hit hard by injuries as Matt Henry, Doug Bracewell and Adam Milne have also been sidelined.
Aaron Finch sustains painful blow in nets ahead of first Test against India
Thakur had appeared before the court in June last year after it ordered the seven accused to remain present once a week. She later sought exemption from appearance on various occasions since then.
Prices of all metals - from steel to copper, aluminium, zinc and lead - have shot up by about 5-11 per cent in the past month. Commodity inflation is raising its head, forcing companies to consider price hikes.
India's vacant cupboard of all-rounders will give Virat Kohli and Ravi Shastri numerous points to ponder.
Our government has failed the country on several counts. All this must change for India to redeem itself in six months, says Naushad Forbes.
Models take the plunge in grunge at the Versace show.
'The only way to contain this is to see that a lesser number of people are affected.'
The company is actively engaged with all its aircraft lessors and regularly providing them with updates on the efforts taken to improve liquidity.
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