The Reserve Bank on Friday accepted most of the recommendations of its working group on corporate ownership of private sector banks, by allowing unrestrained promoter shareholding in the first five years of operations and hiking the same to 26 per cent after 15 years from the extant 15 per cent and also the new capital requirements. The move will benefit leading banks like Kotak Mahindra Bank and IndusInd Bank, among others, which have been seeking more time from the regulator to divest their stakes for many years now. Accepting 21 of the 33 recommendations of the internal working group, the central bank said the remaining suggestions are under its consideration.
'China seems more intent on creating a new world order rather than shaping the existing one.' 'India is of course, at this moment in time, aligned with the West-led order because of China's full-spectrum aggressive behaviour towards India.'
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
The best summer foods of India
The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster's books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi's investigation had found a deeper rout.
A clinical India outclassed West Indies by a whopping 200 runs in the third ODI to win the series 2-1.
'We were taking the Starbucks experience from the store to the home.'
Jurel, Sarfaraz in line for debuts, Shubman Gill skips optional training
The curious onlookers that greet the candidates are, however, unaware about the importance of history. They are just there to catch a glimpse of 'Rani Ma' Amrita Roy or Mahua Moitra.
India is increasingly a willing participant in the evolving US' Indo-Pacific strategy. While these developments are related to the perception of a growing Chinese security challenge, their implications for India's much-vaunted strategic autonomy should be a matter of deeper and closer reflection, asserts former foreign secretary Shyam Saran.
Sania Mirza's hopes of a grand double at the Australian Open were dashed after she and Croatian partner Ivan Dodig were beaten in the semi-finals of the mixed doubles on Friday night.
This simple kind of upma, made from cracked wheat, is a great beginning to a day.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
Shubman Gill was at his silken best during Indian team's intra-squad training game here at the Tuks Oval on Thursday even though there wasn't an opportunity to get a glimpse of that enchanting sight.
'If the ground remains uncovered and the rain stops, you know it doesn't start for another one hour. Suddenly it rains again. So there's no play whatsoever.'
A Test match that ended in a forgettable draw between Australia and India on Tuesday will be memorable for all the wrong reasons for batsman Shaun Marsh who was run out for 99 in a desperate bid to raise his first century on home soil.
IMAGES from the Asia Cup Super 4 match played between Sri Lanka and Pakistan in Colombo on Thursday.
India opener Virender Sehwag is in Delhi to consult his personal physician on a rib injury he sustained during a practice session last week.
The star ingredient of many a delicious preparation is, of course, cheese!
Do you know how to buy the best lady's fingers? Or choose the best cauliflower?
What can you do with common leftovers -- bread, coconut chutney, dal, rice, rotis.
Ali Al Nono's 82nd minute header gave Yemen a 2-1 victory over India in the AFC Asian Cup qualifying tournament.
'When you weigh anti-incumbency against the Centre against anti-incumbency against the state, anti-incumbency against the Centre will triumph as this is a parliamentary election.'
'The real issue between India and China is that the Chinese have transgressed along the Line of Actual Control at multiple points.'
India suffered a shocking defeat as Korea rode on captain Yang Ji Hun's superb hat-trick to script a remarkable come-from-behind 6-4 victory in their opening match of the U-21 Sultan of Johor Cup hockey tournament.
The All India Football Federation is exploring the possibility of selecting Persons of Indian Origin (PIOs) for the Indian football team.
While the days are still not that warm, nourish your soul with two unusual khichdis.
A mildly-spiced, sans too much garam masala 'hotel'-style potatoes with peas in a thick gravy that goes well with butter naans.
It has been close to a decade since a BCCI tournament scorecard featured two of Indian cricket's greatest names -- Virender Sehwag and Rahul Dravid.
Dashing opener Ruturaj Gaikwad said India's "fearless and aggressive" approach helped them secure the five-match T20I series against Australia and hoped the triumph would give fans something to cheer about after India's heartbreaking loss in the ODI World Cup final.
India crashed out of the AFC Under-16 Championship after going down 0-3 to Syria in a Group B league match in Tashkent, Uzbekistan, on Monday. A goal from Asaad Al Khadr and two own goals from Deepak Devrani and Ashish Chhetri dashed India's hopes of progressing to the quarter-finals.
We need to use Powerplay more effectively: Suryakumar Yadav
World champion P V Sindhu was beaten 18-21, 12-21 by Chinese Taipei's Tai Tzu-Ying in the semi-finals of the Olympics badminton and will play for the bronze medal now.
Shubman Gill was conferred with the Polly Umrigar Best Men's International Cricketer of the Year award for 2022-23.
Wicketkeeper Dane Vilas was forced to make a desperate dash to the Wanderers on Thursday after being called up as a late replacement for the injured Quinton de Kock in South Africa's team for the third Test against England.
Pakistan defeated India 3-2 in the playoff for the third place of the Champions Trophy.
Indian wrestler Narsingh Yadav has been banned for four years by the Court of Arbitration for Sports (CAS) following an appeal by the World Anti-Doping Agency (WADA).
Rohit Sharma and Ravindra Jadeja slammed centuries under pressure in a 204-run partnership as India recovered from a jittery start to pile 326/5 on the opening day of the third Test.
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