Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
The southwest monsoon arrived in Maharashtra on Sunday, making it the earliest onset of the annual rainfall season over the state in 35 years, according to the India Meteorological Department. The monsoon is expected to advance to Mumbai and some other parts over the next three days. The monsoon advanced into some more parts of the Arabian Sea, Karnataka, entire Goa, parts of Maharashtra, north Bay of Bengal, and parts of Mizoram, parts of Manipur and Nagaland on Sunday. The northern limit of monsoon passes through Devgad, Belagavi, Haveri, Mandya, Dharmapuri, Chennai, Aizawl and Kohima. Conditions are favorable for further advance into some more parts of central Arabian Sea, more parts of Maharashtra including Mumbai, Karnataka including Bengaluru, some parts of Andhra Pradesh, remaining parts of Tamil Nadu, more parts of west-central and North Bay of Bengal and some more parts of North Eastern states during next three days. The southwest monsoon hit Kerala on Saturday, marking its earliest arrival over the Indian mainland since 2009.
Strong demand for cultural and spiritual hubs is expected for destinations like Varanasi, Kolkata during Durga Puja, and Pushkar for the camel fair, besides leisure destinations like Goa, Udaipur, Jaipur and Coorg.
YOUNITY, a flash mob tribute to the cultural diversity of India, was conducted by the Rotaract Club of Mumbai's H R College at the Mumbai Central railway station on Thursday, September 22, 2022.
Heavy rainfall across North India leads to fatalities, structural damage, travel disruptions, and school closures. Eastern states brace for more rain.
'If Uddhav bhau and Raj bhau come together, who can stop us?' Prasanna D Zore reports on the fervour and hope set off by the Thackeray cousins coming together.
Devika Rotawan, a survivor of the 26/11 Mumbai terror attacks, has demanded the death penalty for Tahawwur Hussain Rana, a key accused extradited from the US. Rotawan, a key witness in the case, identified terrorist Mohammed Ajmal Kasab in court during the trial. She believes the extradition is a "big win" for India and called for further action against other conspirators in Pakistan.
Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.
'I always liked riding, from cycle to motorcycle, I really enjoy it.'
In the wake of the firing incident that occurred outside his Mumbai residence over eight months ago, Salman Khan has opted for a security upgrade.
Mumbai South Central Maratha Royals lifted the T20 Mumbai league title, beating Shreyas Iyer-led SoBo Mumbai Falcons by five wickets at the Wankhede Stadium in Mumbai on Thursday.
The last date to submit your application for the SBI Bank Clerk Examination for Junior Associates is August 26.
'I played five different versions of Woh Subah Kabhie Toh Aayegi for Raj Kapoor, only to be greeted with a totally blank reaction.' 'Thereafter, for 40 minutes, he disappeared, leaving us baffled.' 'But when he emerged, he couldn't stop appreciating our efforts!' 'He said Sahir Ludhianvi's writing was sheer poetry and since all my five tunes were equally wonderful, he would leave it to my discretion to chose the final tune.' 'What could be greater appreciation for an artiste?'
Former foreign secretary Harsh Vardhan Shringla, Special Public Prosecutor Ujjwal Nikam, Kerala BJP leader C Sadanandan Master and Delhi-based historian Meenakshi Jain have been nominated to the Rajya Sabha.
As Mumbai immerses in prayer and celebration for the next 10 days, Satish Bodas/Rediff.com visits four of the oldest Ganesh pandals in the city, where Mumbaikars seek the Lord's blessings.
'Madhubala in Kala Pani looks divine and yet, she's not just there for glamour.' 'In Do Raaste, the character of Neelambari (played by Bindu) isn't a heroine in the traditional sense but she has such a pivotal role.' 'That Raj Khosla gave a non-heroine such a central role, instead of the heroine, says a lot about how he valued female characters.'
The Bharatiya Janata Party leaders said the 2008 Malegaon bomb blast case was a "slap on the face" of people who coined the term "saffron terror".
Everything you need to know about Coldplay's concert at Navi Mumbai's DY Patil Stadium on January 18, 19 and 21.
'Let's see how this love story shapes up in the run up to the municipal corporation election.'
'When you are someone's kid, you get easier access to the industry.' 'People will meet you, maybe even give you a first opportunity out of goodwill.' 'But at the end of the day, it's business.'
The Maharashtra government has officially declared the Sarvajanik Ganeshotsav as the 'State Festival of Maharashtra', emphasizing its commitment to preserving and promoting the festival's cultural legacy. The government has also addressed issues related to POP idols and pledged financial support for celebrations.
The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.
Aaditya Thackeray refuses to comment on the Disha Salian case, while Nitesh Rane insists the matter is not closed and justice will be served.
The raids were linked to a sophisticated organised investment fraud scheme targeting unsuspecting individuals through fake mobile apps and WhatsApp groups.
The Supreme Court on Friday refused to entertain a plea by HDFC Bank CEO and MD Sashidhar Jagdishan challenging an FIR of cheating and fraud registered against him on a complaint by the Lilavati Kirtilal Mehta Medical Trust, which runs the prominent Lilavati Hospital in Mumbai. A bench of Justices P S Narasimha and R Mahadevan noted that the matter was already listed for hearing on July 14 before the Bombay high court.
The Shiv Sena (UBT) has demanded the Bharat Ratna for Shiv Sena founder late Bal Thackeray, calling for the highest civilian honor to be bestowed upon the late leader on the occasion of his 99th birth anniversary. Party leader Sanjay Raut criticized the BJP-led government for awarding the Bharat Ratna to individuals he deemed undeserving and argued that Thackeray, who he described as the "sower of Hindutva seeds," deserves the honor. Raut also emphasized the significance of Thackeray's upcoming birth centenary, asserting that awarding him the Bharat Ratna before the centenary would also be an honor for Veer Savarkar.
'Often people outside paint a wrong picture of us of Kashmiris. We are not like that. We are cool and bindaas,' said the lady, a teacher, caressing my cheeks in the pressing crowds.
Given the strong interest among rich Indians to settle abroad, the Dubai-based company has opened a full-fledged office in New Delhi and plans to follow it up soon with an office in Mumbai and then a few in central and southern parts of the country.
Given the strong interest among rich Indians to settle abroad, the Dubai-based company has opened a full-fledged office in New Delhi and plans to follow it up soon with an office in Mumbai and then a few in central and southern parts of the country.
Mumbai police submit to the Bombay High Court that Disha Salian committed suicide, refuting claims of foul play by her father, who alleges gangrape and murder and seeks a CBI probe.
The current situation in Kerala politics is perhaps best described as a case of the state's traditional two front politics now seeing a third front (the BJP) muscling in with the potential outcome being either a messy three front affair or a renewed endorsement of the two front pattern but with one of the old fronts compromised or quashed, observes Shyam G Menon.
Shreyas Iyer will miss Mumbai's third round clash in the Ranji Trophy against Tripura due to personal reasons.
Fans in Mumbai came out in big numbers to celebrate the release of Thalapathy Vijay's new film, Leo, on October 19.
At midnight, August 26-27, 2024, Dahi Handi celebrations commenced in the Dadar area of north central Mumbai on the occasion of Janmashtami.
Mumbai Police are investigating an incident at Galaxy Theatre in Bandra after a disruption during the screening of the much-awaited movie, Pushpa 2: The Rule.
Two passengers died and 75 others were rescued after a speed boat crashed into a ferry off the Mumbai coast. The ferry, carrying 80 passengers and five crew members, was on its way to Elephanta Islands when the speed boat circled it before crashing into it. The Navy and Coast Guard launched a massive rescue operation, with 11 Navy boats, three Marine Police boats, and a Coast Guard boat deployed. Four helicopters were also involved in the search and rescue operation. Police, Jawaharlal Nehru Port Authority personnel, and local fishermen are assisting in the rescue efforts. Chief Minister Devendra Fadnavis said that seven to eight passengers remain missing.
This is not the first time that a large number of people have died in stampedes at temples and other religious gatherings over the years in India.
Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank.
'Mountaineering is never 'easy'. Nothing is in your hands, you have to be prepared. That's the same for life as well.'
A special court in Mumbai has ordered the transfer of 14 properties belonging to Tiger Memon, an alleged mastermind of the 1993 Mumbai serial bomb blasts, and his family to the central government. The properties, which were in the possession of the Bombay High Court's receiver since 1994, were forfeited under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEM) after proceedings initiated against Memon in 1993 based on a detention order issued by the Maharashtra government. The properties include a flat in Bandra, an office in Mahim, a plot in Santacruz, and several other properties across Mumbai.
