'With him in particular, I've had a lot of chats with him, a lot of conversations to try and make him a better cricketer.'
The outlook for India's financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on Monday. The Indian financial sector is at a "turnpike moment", it said, adding that the dominance of banking support to credit is being reduced, and the role of capital markets is rising. For a country that aspires to be a developed nation by 2047, this is a long-awaited and welcome development, it said.
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report. The number is expected to grow rapidly, with promoters establishing more businesses in Tier-II and Tier-III cities. Family businesses play a crucial role in India's booming economy, spanning manufacturing, retail, real estate, healthcare, and finance.
'Just this year alone, close to 40 major transactions involving Bollywood stars have been recorded.'
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
On the flipside, since 60-70 per cent of the costs pertain to raw material, which are mostly imported, currency fluctuation is a key risk for the segment.
'Playing for India was my dream and when I get tired, I always remind myself of this. That's where the smile is from.'
Former US President Bill Clinton expresses his doubts about the realization of Mahatma Gandhi's dream for India in his new book, 'Citizen: My Life After the White House'. Reflecting on his experience in the aftermath of the devastating 2001 Gujarat earthquake, Clinton recounts his encounters with the suffering and resilience of the people, questioning the extent to which India has achieved Gandhi's vision of a peaceful haven for all. The book also highlights the establishment of the American India Foundation (AIF), which Clinton helped found to support relief efforts in Gujarat. Clinton's observations on India's internal divisions, particularly between Hindus and Muslims, offer a thought-provoking perspective on the country's progress towards Gandhi's ideals.
Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
We no longer have the ambition to rival China save through words. We are happy to be fighting ourselves and digging up disputes from centuries ago as a substitute for real development, argues Aakar Patel.
Pick your Indian team for the final ODI against Australia in Canberra on December 2.
'I am optimistic about the Budget because of the fiscal discipline the government has committed to.'
A key indicator of corporate efficiency may now be better than at any time since the turn of the millennium. The net working capital cycle - a crucial measure that tracks the time a company takes to convert current assets like inventory into sales and then collect the money from customers - has seen remarkable improvement. According to data from the Centre for Monitoring Indian Economy (CMIE), the average company needed nearly 90 days to complete this cycle in 1999-2000.
Scores of new airports have been built around the country but many are yet to open because airlines do not see sufficient demand as ticket prices are too high for the majority Indians
If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.
Looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure, warns Rathin Roy.
Controversial MP and Bharatiya Janata Party leader Sakshi Maharaj stirred a fresh controversy by holding Muslims responsible for population boom at a public event in Meerut on Friday.
From surprise weddings to intimate ceremonies amid the coronavirus pandemic, these cricketers said 'I do' in 2021.
The recent stimulus measures announced by China have seen most analysts sit up and take notice.
Ambati Rayudu was the star performer for Chennai Super Kings as his quickfire half-century helped outclass defending champions Mumbai Indians.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
After both grandfathers, father and uncle, Lieutenant Tanishka Damodaran is the first girl from the family to join the Indian Army. She will join her first posting in Kashmir soon and hopes to follows her family tradition of joining the Paras.
Captain Rohit has been 'absolutely phenomenal': Bumrah
Treat yourself to two of Chef Satish Arora's signature five-star dishes.
Wing Commander Pratap Marathe's story is one of dedication, bravery, and humour, a shining example of the spirit of the Indian Air Force. Air Commodore Nitin Sathe (retd) salutes Wing Commander Marathe who passed into the ages last week.
A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.
'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'
Ever a picture of golden elegance and age defying splendour, her fashion evolution spanning over half a century is telling of her gift to stay gorgeous day in and day out.
'The demand for international fashion labels, particularly from tier-II cities and beyond, has seen a notable uptick.'
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.
Companies like Flipkart, Amazon and Meesho as well as quick commerce ones like Blinkit, Zepto and Swiggy Instamart may create hundreds of thousands of seasonal jobs for the coming festival season.
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
The collective wealth of the 100 richest went past $1 trillion for the first time.
Former World Rapid Chess champion Koneru Humpy wants the All India Chess Federation to increase women's tournaments.
Sukanya Verma remembers some of his greatest solo numbers in our fondly curated playlist.
Ninth seed Jo-Wilfried Tsonga of France could find no solution to the problem of Ivo Karlovic's massive serve as the Croatian ran out a 7-6 6-7 7-5 7-6 victory in their third-round clash at Wimbledon on Friday.
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