Anshu Jain spent 20 years building Deutsche Bank.
Does the Union government or the RBI see itself as Krishna beheading Shishupal and what will constitute the 101st or indeed the past many sins for which a Sudarshan Chakra will have to be used? More importantly, what are those sins?
The suspended IPL chairman and commissioner Lalit Modi has moved the Supreme Court for a stay of the BCCI special meet.
The Board of Control for Cricket in India's stand with regards to participation in the 2024 Olympic Games in Paris, audit firm Deloitte's presentation on financial irregularities and revision of pay structure in domestic cricket are on the Committee of Administrator's agenda when they meet BCCI's top office-bearers, in New Delhi, on Wednesday.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
An early choice will also allow Mr Rajan to do some hand-holding.
'India is known for its guru shishya parampara and the Guru always gets more.'
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
'Some VIP or minister should come to the ward and see how people are suffering.' 'The pain and suffering of the relatives of the patients who are admitted; let them hear their desperate pleas for medicines and oxygen and ventilators and ICU beds; the cries of the kith and kin of doctors and nurses who are being eaten by the pandemic.'
Britain's traditionally anti-EU media have blamed Brussels for preventing London from taking greater steps to protect the industry.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
The strategies that the gurus adopted to build their successful business empires over the past two decades could hardly be adopted by businesses that openly claim to be businesses, points out Somasekhar Sundaresan.
Terry Walsh quit as coach of India's men's hockey team on Tuesday after his demands were not met by Hockey India and the Sports Authority of India. The 60-year-old Australian, who guided India to the men's hockey gold at the Incheon Asian Games, however, said he could return if his demands are met.
A summary of sports events and persons who made news on Wednesday.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
'Every time I step on stage, I feel like I'm performing the play for the first time,' Manoj Joshi tells Sadiya Updade.
Air India's former executive director Jitender Bhargava feels the airline should oppose the Tata-Singapore Airline plan to set up a hub in Delhi.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
Paving the way for Air India's entry into the largest global airlines' grouping, Star Alliance today unanimously decided to recommence the national carrier's integration process that was suspended in 2011.
FinMin officials say an announcement could be made in the Budget.
A new city-based Twenty20 tournament for English cricket intended to rival the Indian Premier League (IPL) and Australia's Big Bash moved a step closer on Monday following a key presentation by the sport's governing body.
.jpg)
At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
John Elliott, the author of Implosion: India's Tryst with Reality, on his Riding the Elephant blog, says the sacking of Cyrus Mistry as chairman of Tata and Sons was in line with Ratan Tata's personal style of dealing with executives
Union Finance Minister Arun Jaitley is set to present the Budget next month.
The defence minister has to correct a major asymmetry. Will his discipline come in the way?
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
Infosys is on a growth path post a dull Q4.
This comes after the arrest of Syndicate Bank Chairman S K jain.
'There will always be hiccups given that the Namami Gange programme is spread over different sectors and involves several agencies.'
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
The panel will be asked to give report by March-April next year.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
Sebi to fix promoters' side deals with PE investors
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
News of all that transpired on and off the football field.
Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, reduction in certain taxes and providing per unit subsidy.
