'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
'I've never thought of myself as beautiful.' 'Not that I think I am not beautiful.'
From Alto to Audi, get car discounts of up to Rs 900,000
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
'Sci-fi is a very expensive genre; I need to become a much bigger star for people to invest that kind of money in me.' 1920 London actor Sharman Joshi talks about his favourite genre, and why he won't be doing it anytime soon.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
The world is on the threshold of a new era of cooperation in which individuals, business and nations more readily join forces, thanks to the coronavirus pandemic and only a global effort can help get back to normality from the health crisis, according to Tata Sons chairman N Chandrasekaran. In his New Year address to over 7.5 lakh employees of the consumer products to aerospace conglomerate, Chandrasekaran said the pandemic has rewritten the rules and there has been a shift in priorities with greater focus on safety and resilience, and a transition from 'just in time' toward 'just in case' -- changes that "offer a glimpse of the new economy that will emerge from the old".
Thackeray said lockdown has been partially eased because economic activities need to continue as 'now we have to learn to live with the virus'.
The euphoria of Ab Ki Baar Modi Sarkar will fade quickly if the Modi government does not raise its game, and focus significant monetary resources and managerial skills on making India's infrastructure truly world-class, says Ram Kelkar.
The Central Bureau of Investigation (CBI) on Friday raided the home of Delhi Deputy Chief Minister Manish Sisodia and 30 other locations in connection with alleged corruption in the implementation of the Delhi Excise Policy.
The president made a special mention of the threat to the environment and asked all citizens to take care of it for future generations.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
Rediff reader Mrunal Samant, 33 reveals why her first job and salary will always be special.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
'Today, as a film personality, he is bigger than Dharma Productions.' 'But he is still warm and loyal to his friends from school, college and work.'
'Family businesses have to put competent people in charge who believe they can get to the top.'
'If you don't remove the glass ceiling, you won't get the best talent.'
Joginder Tuteja introduces us to the men who have made an impression in the OTT universe.
Rediff readers from across the world tell us why their mothers are special.
Agnipath may be an exercise to address the genuine needs of the armed forces. But overall, it betrays the tendency to use the military and paramilitary for employment generation and shaping a national character, instead of treating them as the professional services they are, notes Shyam G Menon.
What inspires Designer Amit Aggarwal and why is his flagship Mumbai store so special?
Images from Day 1 of the Australian Open in Melbourne on Monday.
Students made online music education possible during COVID-19, say teachers, and they will determine its future.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
Classes were not held in most schools across Kashmir as students did not turn up due to the prevailing situation, they said.
First coach Manhas remembers 17-year-old terrorising Ranji batters at nets
After a lifetime of showing us what it means to 'act at the top of one's bent and never hit a false note', Mammootty had the good sense, in the third act of his career, to pare down his style, become less mannered, draw directly from life. And getting a performer like that to play characters who seem 'completely dead inside', is, in my view, a betrayal of his legacy, his still-burning ambition, and his still-sharp feelers, observes Sreehari Nair.
The six-wheeled solar-powered rover named Zhurong, resembling a blue butterfly and with a mass of 240 kg, slowly trundled off a ramp on the lander to hit the red, sandy soil of Mars, starting its journey to explore the fourth planet from the Sun.
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
Bollywood actors are learning new things...
Tell us how you celebrate the festival of colours.
Rediff reader Rupesh Kumar tells us how he landed his first job and salary.
Badhaai Do carries its audience on the wave of those little farces that come with being queer in India, a land where masculinity still has some say, observes Sreehari Nair.
Getting the first tyres out from the Sahaganj plant will still require a lot of effort, but with the state government on its side, the hopes are high.
There are seven items on the agenda and right at the top of the list is domestic cricket, which also includes junior and women's categories.
'I somehow escaped the difficulties that a majority of working girls face.'
'It feels like a roller coaster ride, but I am slowly coming into my own in this industry.'
'Personally, I have reached that stage where I think material things can't give you any satisfaction.'
Images from Day 1 of the 2022 US Open at the USTA Billie Jean King National Tennis Center, in Flushing Meadows, New York, on Monday.
