State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, State Bank of India managing director Swaminathan J said on Thursday. If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans, which shall ultimately lead to better resolution of the asset quality stress for all. The government is yet to announce the specific contours of the NARC or the bad bank and has also only said that it is willing to provide some sovereign guarantee to help the platform.
'Its efficacy is 97.6 per cent.'
The Indian Army has been losing more personnel every year in suicides, fratricides and untoward incidents than in any enemy action and over half of its soldiers seem to be under severe stress presently, said a study by think tank United Service Institution of India.
A business in India wanting access to maps and geospatial data would typically have to wait months before it got what it wanted. All this is set to change with the new guidelines on geospatial data, report Neha Alawadhi and Peerzada Abrar.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
'I'm a very positive and optimistic human being.' 'You put a pile of garbage in front of me and I will find a flower in it.'
'He is a busy man these days, still, he makes it a point to call me at least once a month.'
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
The rally in the broader markets, a spate of new listings, and the influx of retail investors have resulted in a boom for research and this has spurred a surge in the number of entities providing such services. From 467 entities that provided research services as of March 2018, the number jumped 57 per cent to 733 as of March 2021. And, another 46 entities have been added to the list in the six months since, to take the total number of registered research analysts to 779 as on September 13. However, the total number of analysts could be a multiple of this number.
Rajasthan Royals' director of cricket Kumar Sangakkara blamed his team for the heavy defeat at the hands of Mumbai Indians in the IPL match in Sharjah on Tuesday, saying the fault did not lie with toss or pitch.
Sun Pharmaceutical Industries Ltd Chairman Dilip Shanghvi said he expects Ranbaxy Laboratories Ltd to become profitable in the short term.
The Gurkha 2021 is built on a ground-up modular architecture platform with an all-new wider and longer body, full new interiors, a new crash-compliant, high-strength chassis, new coil spring suspension on all four wheels fine-tuned to achieve the right balance and offer the best in class ride quality on multiple surfaces -- tarmac, rough rural roads and off the road, the Pune-based company said.
Former CEA Arvind Subramanian called for research in the area and urged the NSE Centre for Behavioural Science in Finance, Economics and Marketing to explain why as the economy has been going down, the stock market has been going up.
The current wage revision for PSBs, as well as some private lenders, is due from November 2017 for five years - up to October 2022.
Treat silver as part of the procyclical or growth assets in your portfolio, advises Sanjay Kumar Singh.
The Securities and Exchange Board of India (Sebi) has directed Franklin Templeton MF to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and imposed a two-year ban on launching new debt schemes for alleged irregularities in running six of its debt schemes that were shuttered last year.
Qualities that relate to emotional intelligence such as empathy and curiosity will be a big consideration factor for hiring managers of the future, says Sanjay Bahl.
Zoho's co-founder and CEO Sridhar Vembu is set to be the chief guest while Accenture's managing director and head of operations (Chennai) Rama S Ramachandran is to be the guest of honour at the 'Resurgent Bharath' event to be held in Chennai on February 2, reports Neha Alawadhi.
'We expect the bull run to continue until economic growth continues.'
'We were not trying to outshine each other, we were just trying to be sincere and honest to what was given.' 'We spent quality time with each other, so there was no room for any negativity or insecurity.'
It was a combination of a traditionally English focus on the manager as leader and frontman with German coaching's attention to detail and allied with a management style more akin to the ultra-specialised world of American football.
When Amit Jatia, vice-chairman of Westlife Development (WLDL), which operates fast-food chain McDonald's in West and South India, wanted to become the American fast-food giant's local partner in 1995, he had to first convince his family he would remain a staunch vegetarian. As McDonald's - home of the iconic Big Mac - completes 25 years in India, being one of the largest operators in the quick-service restaurant (QSR) segment in the country with over 300 outlets, Jatia has held on to the promise he made to his family. Not one to sit back and watch anyone flip the Big Mac, he gets straight to the meat of the matter when he says McDonald's success menu will see the QSR expand its ever-hungry 'foodprint' by doubling the number of joints and increasing its average unit volume by 35-40 per cent in five years.
One Chinaman is three time more productive than an Indian at the workplace through his life, observes Virender Kapoor.
60-65 per cent of the FMCG industry's overall sales come from urban areas; 35-40 per cent from rural areas.
Deep Kamra, the country manager of Dangote Cement -- owned by Nigeria's Dangote Industries Limited -- was attacked on Wednesday in the restive Oromiya region.
A balance transfer to another lender entails substantial cost and time.
City are looking to retain the title they won in record-breaking fashion last year and secure their fourth Premier League crown in eight years.
In his statement to the Enforcement Directorate, Dhoot conceded that Rs 64 crore had been transferred to Deepak Kochhar's NuPower Renewables through a web of entities to allegedly acquire wind farm properties.
Reduce the government stake in public sector banks to 33 per cent, recommends A K Bhattacharya
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Raghuram Rajan's 'surgery' uncovers more bad loans
The quality of Indian tea had lately come under scrutiny in major export markets, due to the presence of pesticides and chemicals beyond permissible limits.
The Indian vaccine industry largely feels there are two ways in which vaccine innovation can be spurred - one, get a high price for the product and two, have the government buy a few hundred million doses of the product at a certain price.
'It seems to be a hasty step ahead of the election.'
Aseem Chhabra lists his favourite films, most of them shown at international film festivals held virtually (Berlinale and Rotterdam), hybrid (Toronto) or physical (Cannes and Venice).
'The way he has been interacting with everybody, be it the masseur or the assistant manager or the driver of the bus, or the new players who have not been part of the IPL before, he is making an effort to reach out to them and give them confidence.' 'That speaks a lot about the man that he is.'
The centrality of idle office chitchat has only recently come to be acknowledged by executives as they jettison their access cards and work from home in larger numbers, notes Kanika Datta.
'Why is the government asking parents to be careful rather than coming up with strict rules and regulations for the companies?'
