Will it trigger a social and management revolution as well, asks Ajit Balakrishnan.
Sterling fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain's decision to quit the European Union gathered pace, with the euro also pressured as Brexit clouded the future of the rest of the bloc.
The broader markets ended lower with mid-caps and small-caps falling over 1 per cent on the BSE.
National auditor says a significant part of NPAs was due to fraud and may never be recovered
Sandeep Chattoo got the phone activated with 'special permission'
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
The second World Twenty20 semi-final is likely to hinge on who emerges on top in the battle between the big-hitting West Indian batsmen and India's wily spinners when the former champions clash at the Wankhede Stadium on Thursday.
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
England batsman Jos Buttler has vowed not to curb his attacking instincts after earning a "surprise" recall to the Test team for the opening test against Pakistan starting at Lord's on Thursday.
Virat Kohli is going through a rare lean phase in his career, but Sharma is unperturbed and feels that the Indian captain will bounce back.
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
Markets slumped for fourth straight session this Monday as investors braced for the central bank meeting with caution.
A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.
Last year, Nikhil Kamath and his brother Nithin jettisoned into a club of the country's 100 wealthiest with their net worth pegged at around Rs 24,000 crore
He is set to be produced from custody before Judge Emma Arbuthnot for the first management hearing in the case, during which a broad timeline is expected for his extradition trial.
The 48-year-old, who has been lodged at Wandsworth prison in south-west London, appeared via videolink from prison before district judge David Robinson. "I am told that your case is proceeding in accordance with the directions for a final hearing on 11 May," the judge told Modi, as he set the next 28-day remand hearing via videolink for February 27. Modi's extradition trial is scheduled for five days starting May 11, with the case management hearings in the case set to begin once all the evidence has been handed in to the court for the trial.
A young Alyssa Healy grew up batting in a backyard where hitting windows meant getting out. Now, she just breaks glass ceilings. Healy is the latest in Australia's most storied cricketing lineage, with all the pluck and expectation that comes with it.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Westminster magistrates' court judge Nina Tempia confirmed that Modi's extradition trial is scheduled between May 11 and 15 next year and that he must re-appear via videolink every 28 days for "call-over hearings" until the case management for the trial kicks in from February next year.
'I never wanted to be a niche actor; I want to be a commercial star heroine.'
West Indies captain Jason Holder will miss the third and final Test against England after being banned by the International Cricket Council because of his team's slow over rate during the second match in Antigua.
A wise word from Mahendra Singh Dhoni inspired Mohammed Shami to bowl the delivery that earned his place in ICC Men's Cricket World Cup history.
Football Association chairman Greg Dyke believes that Sepp Blatter will be arrested and forced out of Fifa within a "couple of months".
For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.
While the Hinduja brothers - Gopichand, Prakash, and Ashok Hinduja - did not indicate any move to begin talks with Vinoo Hinduja, top Indian lawyers said mediation would help both sides considering that the letter signed by the four brothers cannot trump other legal documents and challenge the validity of a registered will of SP Hinduja.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
The price eclipsed the A$425,000 achieved by the late Don Bradman's baggy green when it was sold in 2003.
'If the conditions change and we can have the Asia Cup, it must be held as earnings from it are distributed as development funds to member countries for next two years'
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
In the UK, Ola is the only app that offers black cabs and private hire vehicles, giving both the driver-partners as well as the users, more choice.
The five-day extradition trial of fugitive diamond merchant Nirav Modi will begin from May 11 in a part-remote setting, a UK court has ordered. Modi is fighting his extradition to India over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
Taking strong exception to the Board of Control for Cricket in India 'misleading' everyone on key issues such as disbursement of large amount of funds to state associations, the Supreme Court-appointed Justice Rajendra Mal Lodha-panel on Tuesday said it is unfortunate that their directions have been 'misinterpreted'.
Globally, the dollar index was down by 0.20 per cent against a basket of six major rivals while New York crude oil was trading below $89 a barrel in Europe on Thursday.
Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.
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India will take on Australia in the second ODI of the tri-series, also involving England, on January 18, after Cricket Australia decided to swap the first two matches to give appropriate recovery time to the Indian players following the rescheduling of the four-Test series.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
The measures announced by the Treasury Department were also aimed at 17 senior Russian government officials. The state-owned Russian weapons trading company, Rosoboronexport, which has long-standing ties to Syria and its subsidiary, Russian Financial Corporation Bank were also targeted under new sanctions.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
Nelson Mandela, the hero of South Africa's struggle to end apartheid and establish democracy, is being honoured in a new visitor attraction on London's South Bank. Mandela: The Official Exhibition traces the story of the 20th century's most iconic freedom fighter and political leader through previously unseen film clips and photographs. It includes artefacts such as one of his hand-printed batik shirts and the ceremonial headdress awarded to Mandela upon his release from prison in 1990. The exhibition is designed to tour the world: after closing in London in June it will go to Paris. Here's a glimpse of what you can expect at the exhibit.
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