Shan Masood to continue as Pakistan Test captain, decision on Babar Azam put on hold
India will place restrictions on foreign direct investment (FDI) in the national interest to ensure safeguards because of its location in a highly sensitive neighbourhood, Finance Minister Nirmala Sitharaman said during an interactive session at the Wharton Business School in the US on Tuesday. "I cannot blindly accept FDI simply because we need investment, unmindful of where it is coming from. "We want business, we want investment, but we also need some safeguards, because India is located in a neighbourhood that is very, very sensitive," Sitharaman said.
Namrata Thakker picks her 10 favourite Leo movies.
Who do you think should be part of India's playing XI for the third Test against Australia in Brisbane?
Ashwin took responsibility for India's poor performance in the series, and acknowledged that his own below-par performance has not helped the team's cause.
The Ministry of Electronics and Information Technology (Meity) is looking at a proposal to generate 1.5-2 direct jobs for every Rs 1 crore invested by companies under the proposed electronic components production-linked incentive (PLI) scheme. If this plan fructifies, a Rs 10,000 crore investment under the proposed PLI scheme would bring with it the expectation of creating 15,000-20,000 direct jobs in electronic components sector.
The board of the capital market regulator, Securities and Exchange Board of India will meet in Delhi on Tuesday to consider among other issues the recent trends in the stock market.
Pakistan's Shan Masood is likely to be retained captain for the upcoming home Test series against England, while Babar Azam is also assured of keeping his white-ball captaincy when the team flies to Australia and South Africa later this year.
Union Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a "world-class job" and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well. Speaking at the Financial Express Best Banks Awards, the finance minister said, "I strongly recommend that facts are taken on board before we discuss anything to do with the regulators, strictly speaking."
The Bharatiya Janata Party has made it clear that it will not campaign for ally Nationalist Congress Party's candidate Nawab Malik in the assembly polls due to his alleged links with fugitive gangster Dawood Ibrahim, but has no objection to his daughter's candidature.
'After being married for almost 18 years, and since there was never any rancour between us, we are still very close, as parents of Azad, as colleagues in the film work that we do, and as friends.'
'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.
'I discuss things with Salman sir. 'The thing is, if I take his name, there will be a problem and if I don't, there's still a problem.'
The Securities and Exchange Board of India (Sebi) has proposed to put a stop to the practice of certain directors occupying permanent board seats at listed companies. The regulator has suggested that the directorship of any individual serving on the board should be subject to periodic approval from shareholders, at least once in five years. In a discussion paper issued on Tuesday, Sebi said a few promoters enjoyed permanency on the board, giving them an undue advantage, prejudicial to the interests of public shareholders.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Godfrey Phillips executive director Samir Modi has lodged an FIR in New Delhi's Sarita Vihar police station, alleging that her mother Bina Modi and Lalit Bhasin, one of the company's board members, orchestrated an assault on him during the board meeting. It further exacerbated the ongoing feud among the late KK Modi's family members over the distribution of the Rs 12,000 crore inheritance. Bina is also the director of Godfrey Phillips.
The PCB has now left it up to the ICC to finalise and announce the tournament schedule and also get confirmation from the BCCI whether the Indian team will travel to Pakistan.
Hockey India President Dilip Tirkey on Thursday confirmed the appointment of Indian former field hockey player Sardar Singh and Rani Rampal as the chief coach
PCB Chairman Mohsin Naqvi said the Champions Trophy would be held entirely in Pakistan.
Did Jeff Bezos decide against endorsing Harris because it would hurt his business interests? Only God and Bezos know, and neither of them are talking, notes Prem Panicker.
After a stellar performance that earned him the player of the match award, England's Harry Brook shared his thoughts on the challenges faced during the Test match.
Mohsin Naqvi is set to become the next president of the Asian Cricket Council (ACC) later this year as per its rotation policy.
In a significant verdict, the Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal's (NCLAT) verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju's. A bench of Chief Justice D Y Chandrachud, and Justices J B Pardiwala and Manoj Misra also reversed the order of the NCLAT approving Byju's Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) and directed the cricket board to deposit the settlement amount of Rs 158.9 crore with a committee of creditors.
Gurgaon-based Bunkerhill Pvt Ltd has 61 per cent stake in the club through their deal in 2020 and after the team got a new investors in Shrachi Sports, the two firms had agreed to split the shares with 30.5 per cent each by signing a term sheet earlier this month.
The National Financial Reporting Authority (NFRA) will invite public comments on the revised International Standard on Auditing 600 (ISA 600) proposed to be adopted by publicly listed companies and non-public-sector banks, sources close to the development told Business Standard. The decision to take this "graded approach" for the adoption of the ISA, which is meant to rein in auditors often found hiding behind the audit reports signed off by subsidiary companies, was taken at a meeting of various financial sector regulators at NFRA's board meeting on Monday (August 26). The idea behind upgrading the Standards of Audit 600 currently followed by Indian auditors to ISA 600 is to plug current gaps, which have led to major audit lapses in the recent past.
'We are happy that the money has come to us immediately after it was announced.' 'For once, the government did what it promised.'
The head of Committee of Administrators (COA) Vinod Rai expressed his confidence that the Board of Control for Cricket in India has reached consensus after almost all the top cricket board chiefs have come to India in the last two weeks to discuss the proposed revenue model of International Cricket Council.
Who will replace Shah in the BCCI since neither he himself nor the people close to him have yet divulged his immediate plans.
A plea that the banking regulator's stress should be on the strategic role of boards and an increase in the remuneration of independent directors were among the issues put forward to the Reserve Bank of India's (RBI's) top brass in its interaction with the full boards of state-run banks held on Monday. The meeting, the first leg of first-of-its-kind interactions with the boards of state-run banks, will now be followed by those of private banks in Mumbai on May 29. The RBI's press release, issued late on Monday, did not refer to the specific points that found mention in the deliberations, but top sources told Business Standard the twin concerns were taken up in the open-house interaction with the banking regulator's brass.
The members who were present at the 93rd BCCI Annual General Meeting (AGM) in Bengaluru on Sunday requested incumbent secretary Jay Shah to speed up the process of finding his successor to keep the transition of power as smooth as possible.
Babar Azam was dropped on Sunday, while the pace duo Shaheen Afridi and Naseem Shah opted to withdraw from the remaining two Tests against England.
Richard Thompson, have suggested that staging the Champions Trophy without powerhouse India is not an option and there are "contingencies available" if Rohit Sharma's team doesn't travel to host country Pakistan.
Samajwadi Party chief Akhilesh Yadav said his party would oppose the Centre's move to bring a bill in Parliament to amend the 1995 law governing Waqf boards, and accused the BJP of trying to snatch the rights of Muslims.
A survivalist's mindset sees Indian batsmen fail again on the first day of the SCG Test.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
The implementation of this toll collection system, which will eventually eradicate toll booths, necessitates the fitting of an on-board unit (OBU) in every vehicle that can track a vehicle's location in real time.
'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'
Securing an impressive victory in Budgam and leading in Ganderbal -- the two seats that he contested -- the third-generation politician is set to become the next Jammu and Kashmir chief minister and carry on his family's legacy.
The ruling Aam Aadmi Party termed the LG's orders removing Shah and Gupta from the boards of discoms "illegal and unconstitutional". The LG does not have the power to issue such orders, it claimed.
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