The contract was cancelled two weeks ago due to the delay in the delivery of the vessels, sources said. The contract to build five warships was signed with the company in 2011, much before the Reliance Group took over the Gujarat-based shipyard from its erstwhile owner Nikhil Gandhi.
State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, State Bank of India managing director Swaminathan J said on Thursday. If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans, which shall ultimately lead to better resolution of the asset quality stress for all. The government is yet to announce the specific contours of the NARC or the bad bank and has also only said that it is willing to provide some sovereign guarantee to help the platform.
The UAE team never even bothered to be competitive in its chase, finishing the quota of 20 overs at 74 for 4.
All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, says Financial Services Secretary Debasish Panda.
Hands down, the winner of Anurag Kashyap's patriarchy and privilege pooh-poohing exercise is Amit Trivedi and Shellee's spirited soundtrack, notes Sukanya Verma.
Ant-Man and the Wasp: Quantumania falls short of the signature Marvel magic, says Mayur Sanap
The government is busy strategising ways to revive the domestic mobile device industry as Chinese firms have grabbed a large chunk of the handset market. The idea is to minimise competition from Chinese mobile players in the entry level or sub-Rs 10,000 category, according to a senior government official familiar with the plans. While discussions on the strategy are on, there's a growing consensus within the government that the lower end of the market should be reserved only for the domestic players, the official said.
If divine intervention in 1992 was the heavens opening up against England in their do-or-die game, even the best bookies couldn't have predicted that the Netherlands would beat South Africa in 2022. A handful of them must have made a killing.
Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.
Google's premium smartphone series Pixel 7 and Pixel 7 Pro will be around 15-21 per cent costlier in India compared to other countries, according to the prices revealed by the company. The company has started pre-booking the Pixel 7 at Rs 59,999 ($729.36) and Pixel 7 Pro at Rs 84,999 ($1033.27) on the e-commerce portal Flipkart. The devices would be available from October 13.
In a year of overwrought spectacles that slavishly sucked up to the audience, I found refuge in a bunch of 'mainstream' Indian films that espoused such old-fashioned values as dedication to craft, close observation and casual bravery, explains Sreehari Nair.
Doctor G is outwardly all for women, but evidently has no interest in them, observes Sreehari Nair.
Call centre employee Shraddha Walkar had two years ago complained to the police in Maharashtra that her live-in partner Aaftab Poonawala, who is accused of brutally murdering her, tried to kill her and she feared he would cut her into pieces and throw her away, an official said in Mumbai on Wednesday.
The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman's budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.
Rishabh Pant and Shreyas Iyer combined in a rollicking 159-run partnership to help India wrest back control of the second Test against Bangladesh.
'I have seen Thugs of Hindostan, and I have worked in my film and I understand there is no comparison as such.'
Tata Steel has a very British problem. The performance of Europe dragged the steel major's October-December (Q3FY23) performance with the UK business accounting for a major part of the operating loss; on the bottom line, the overhang of the British Steel Pension Scheme (BSPS) showed. And a nearly three-year discussion with the UK government on a support package for a green transition resulted in an offer that fell short of the ask.
Homegrown auto major Tata Motors on Monday said it will launch its mini SUV Punch in the ongoing festive season. Punch is based on the H2X concept, which Tata Motors had showcased at the Auto Expo 2020. It will be positioned below the company's compact SUV Nexon and is expected to hit the market around Diwali this year.
'The world of arms dealers and war-mongers is still a reality of our lives.'
Images from the FIFA World Cup third place playoff match between Croatia and Morocco on Saturday.
Real Madrid forward Karim Benzema kept up his impressive run of form by scoring and providing two assists in a 3-1 win away to Eibar on Sunday, taking the champions level on points with La Liga leaders Atletico Madrid.
Pacer Josh Hazlewood expressed happiness after his three-wicket haul helped Royal Challengers Bangalore bet Delhi Capitals by 16 runs in the IPL match at the Wankhede Stadium in Mumbai on Saturday.
Nasty surprises and quirky humour make Monica, O My Darling an intriguing, fun, watch, observes Sukanya Verma. Monica, O My Darling Review.
Black Panther: Wakanda Forever makes you mourn the legend that was Chadwick Boseman, but also assures that forward is the only way to go, observes Mayur Sanap. Black Panther: Wakanda Forever
The Indian men's hockey team produced a lion hearted performance before going down 1-4 to leaders the Netherlands in the penalty shoot-out
The government has recapitalised public sector banks (PSBs) by infusing over Rs 3.10 lakh crore in the last five fiscals, a majority of which was through issuance of recapitalisation bonds, Parliament was informed on Monday. "Government has infused Rs 3,10,997 crore to recapitalise banks during the last five financial years i.e., from 2016-17 to 2020-21, out of which Rs 34,997 crore were sourced through budgetary allocation and Rs 2,76,000 crore through issuance of recapitalisation bonds to these banks," Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha. He was responding to a host of questions asked by Congress party's Member of Parliament Manish Tewari.
Mahendra Singh Dhoni's World Cup winning six resides in India's collective consciousness and it was a shot that changed a lot of lives, including that of little-known Solapur athlete Kiran Navgire.
'There are people who loved the show and people who have been shocked by it.'
Prominent in the DRDO's display are several artillery guns, armoured vehicles and tanks that underline a measure of success in developing these key weapons platforms for the army. Here are three systems that are headed for success.
Images from Asia Cup Super 4s match played between Afghanistan and Sri Lanka in Sharjah on Saturday.
Sanju Samson set up a Rajasthan Royal's win with his blistering 32-ball 74-run knock, studded with nine sixes and a boundary.
With India tottering on 98 for 5 on Day 1 of the rescheduled fifth Test against England at Edgbaston on Friday, Rishabh Pant showed that he loves playing against England by registering his third century against them, his second in their backyard.
All-rounder Sneh Rana showed nerves of steel by choking runs in the death overs as the India women's cricket team pipped hosts England by four runs to enter the final of the Commonwealth Games in Birmingham on Saturday.
The Rings of Power has a visual distinction and vibe entirely of its own, observes Sukanya Verma.
A screenplay and superstar in perfect tandem, it doesn't get better than this, applauds Sukanya Verma.
Four years after he left Bihar to move to Rashtrapati Bhavan, President Ram Nath Kovind returned to Patna to address the inaugural event at the centenary celebration of the Bihar legislative assembly building.
A crime thriller which is somewhat engaging and mostly predictable!
Mavericks 128, Lakers 110
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