This is a key reason for the finance ministry's objection to fixing the tenure at 100 years, as it is pushing PSBs to be self-dependent and raise funds from the market, reports Hamsini Karthik.
Spain's path to European Championship success was forged the hard way thanks to a remarkable collective effort, with several squad players coming off the bench at key moments to make decisive contributions when the team needed them the most.
India saw a single-day rise of 12,885 new COVID-19 cases, taking the country's infection tally to 3,43,21,025, while the count of active cases has declined to 1,48,579, the lowest in 253 days, according to Union Health Ministry data on Thursday.
Kolkata Knight Riders' journey home from Lucknow turned into an unexpected adventure on Monday night.
The Wimbledon men's singles semi-finals take centre stage at the All England Club on Friday.
Few finance ministers announce any taxation measure that could upset the stock market. Ms Sitharaman decided to take that risk, observes A K Bhattacharya.
The annual rate of inflation based on monthly wholesale price index (WPI) was up at 1.32 per cent in September as compared to 0.16 per cent in the previous month.
'With the deployment of a higher degree of mechanisation, awarding contractual mining to MDOs and operational efficiency, we feel confident of achieving the desired target.'
India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank of India said on Monday. This is the first time in ten quarters that the crucial metric of the country's external strength has turned into surplus mode. In the year-ago period, the current account deficit stood at $1.3 billion or 0.2 per cent of GDP, and the same was $8.7 billion or 1 per cent of GDP in the preceding quarter ending December 2023.
The reopening of the Ratna Bhandar became a major political issue during the recently held assembly elections in the state.
Markets regulator Sebi on Monday imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago. Besides, the watchdog has imposed a fine of Rs 1 crore on Vivek Kanwar, who was the head of the private wealth management team, and Rs 50 lakh each on Ashish Nasa and Jasjit Singh Banga. The two individuals were part of the private wealth management team at the time of violation. They need to pay the penalty within 45 days, Sebi said in its order.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
Investments by private equity and venture capital funds declined by 35 per cent to $4.4 billion in April compared with $6.8 billion in the year-ago period, a report said on Thursday. The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said.
The country's GDP is likely to grow at 1.3 per cent in the fourth quarter of 2020-21 and may see a contraction of around 7.3 per cent for the full financial year, according to an SBI research report 'Ecowrap'. The e-National Statistical Office (NSO) will release the GDP estimates for the March 2021 quarter and provisional annual estimates for the year 2020-21 on May 31. "Based on our 'nowcasting model', the forecasted GDP growth for Q4 would be around 1.3 per cent (with downward bias) as against NSO (National Statistical Office) projection of a negative (-)1 per cent," the research report said.
'Generating employment requires a shift in policy.' 'If not, the country will face economic, social and political challenges in the coming years.'
Saudi Pro League champions Al-Hilal battled past Cristiano Ronaldo's Al-Nassr 5-4 in a penalty shoot-out on Friday to win the Saudi Cup and claim the domestic double, leaving the Portuguese forward in tears at the end of the drama.
Several deaths were reported across the country due to rain-related incidents like lightning strikes and drowning.
Rohan Bopanna and Matthew Ebden erased a one-set deficit to edge past the fighting pair of N Sriram Balaji and MA Reyes-Varela Martinez in the Super Tie-breaker, moving to the French Open quarterfinals, in Paris on Monday.
It may be recalled that India had played a Test each against England and Australia at Mumbai in December last year, winning them by 347 runs and eight wickets respectively.
The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger. However, the spotlight now is on late-stage startups, many of which are seen to be headed for initial public offerings (IPOs). Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better, especially for those that exhibit a clear path to an IPO.
The Commission has desired to incorporate Aadhaar-based fingerprint authentication (else digital fingerprint capturing) and facial recognition of candidates, scanning of QR Code of e-admit cards and monitoring through live AI-based CCTV video surveillance, it said.
Defending champions India's hopes of entering the Thomas Cup knockout stage as group topper were dashed by a clinical Indonesia who emerged 4-1 winners in their final pool match in Chengdu on Wednesday.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
'Probably revised guidelines will come, and then the real picture will emerge.'
The deceased Anuj Thapan, 23, hanged himself inside the toilet of the lock-up using a bedsheet.
Rediff Labs has analysed the mortality rate across India; the map shows state-wise fatality rate.
Investigators found that the aircraft, a Boeing 777-300ER, was flying at its cruise altitude of 37,000 ft south of Myanmar and near an area of developing storms in the afternoon when turbulence started to cause fluctuations between +0.44g and +1.57g for 19 seconds.
India's current account slipped into a deficit of $9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday. The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in a surplus mode both in the quarter-ago and year-ago periods. India's current account surplus had stood at $6.6 billion or 0.9 per cent of GDP in the April-June 2021 quarter, while in the year-ago period (Q2FY22), the surplus had stood at $15.3 billion or 2.4 per cent of the GDP, the data said.
NMDC, the country's largest iron-ore miner, posted a consolidated revenue in the January-March quarter of FY24. This was in line with estimates at Rs 6,500 crore, which was up 11 per cent year-on-year (Y-o-Y), and a 20 per cent quarter-on-quarter (Q-o-Q) rise on the back of realisations. Iron-ore production was 13.3 million tonnes (down 6 per cent and up 8 per cent Q-o-Q), while the sales stood at 12.5 MT (up 1 per cent Y-o-Y and up 10 per cent Q-o-Q).
Union Home Minister Amit Shah said the Delhi case was not the first FIR registered in the country. He said the first case under the new laws was about a motorcycle theft registered in Madhya Pradesh's Gwalior at 10 minutes past midnight.
The Budget should use the extra RBI surplus to better effect, suggests A K Bhattacharya.
'We are seeing signs of improvement in rural overall in terms of demand, but I would still keep my fingers crossed.'
The wholesale inflation rose to a 13-month high of 1.26 per cent in April fuelled by rising prices of food articles, especially vegetables, amid expectations of RBI holding interest rates in the policy review next month. The wholesale price index (WPI) based inflation has been rising for two months in a row.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
Investors shunned shares of oil marketing companies (OMCs) on Friday as they feared that the government's decision to cut retail prices of petrol and diesel could hurt the companies' profit margins in the near term. On Thursday, the government announced that OMCs will reduce pump prices of petrol and diesel after a record 22 months, making them cheaper by Rs 2 per litre in the national capital. The changes were effective from Friday.
Upstream majors ONGC and Oil India (OIL) results for the January-March quarter (Q4) of FY24 suggest better production in future. But OIL missed its own production targets although it delivered higher volumes and it disappointed the market in terms of Ebitda. ONGC reported standalone Ebitda of Rs 17,400 crore (up 7 per cent year-on-year or Y-o-Y) in Q4FY24, slightly below estimates due to other higher expenses.
Still wearing a compression sleeve after a recent forearm issue, Carlos Alcaraz produced a stellar show in a rematch of the duo's 2022 encounter to firmly put himself back in the conversation as the favourite to lift the title in Paris and a third major.
A voter turnout of 10.82 per cent was recorded till 9 am on Saturday in 58 constituencies in six states and two Union territories where polling is underway in the sixth phase of the Lok Sabha elections.
The global billionaires list witnessed as many as 94 new entrants from India, stated a report by Hurun India on Tuesday. Following a net addition of 84, the country's billionaire tally touched 271 with their combined wealth at $1 trillion, noted the report. Mukesh Ambani, chairman & managing director of Reliance Industries, is the only Indian to make it into the top 10 of the Hurun Global Rich List 2024, a ranking of billionaires in US dollar terms.
Four hospitals in Delhi received a bomb threat via email on Tuesday morning, officials of the Delhi Fire Services said.
