"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
The Bharatiya Janata Party will have an understanding with former prime minister H D Deve Gowda-led Janata Dal-Secular for the 2024 Lok Sabha polls, former Chief Minister B S Yediyurappa said on Friday, an announcement that shot up political temperature in Karnataka.
A total of 138 Indians, including 132 crew and 6 passengers, were among the 3,711 people on board the quarantined ship that arrived at the Japanese coast earlier this month. Three Indians were among the 218 people infected with COVID-19 on the ship.
'We need to understand and respect wildlife behaviour.'
Edtech major Byju's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future. According to sources, who attended the town hall, Raveendran said that issues with $1.2 billion Term Loan B lenders are being resolved through discussion and hopeful of a positive outcome in the next few weeks without the court's intervention.
'I went to a school in Baroda, where if the boys harassed us, the teachers pulled the girls aside and said, "Oh, your skirts are too short".' 'They made us feel ashamed of having any sexual feelings or having bodies that were growing up to be a young women.'
'This bitterness will be more in Jammu area than in Kashmir.'
IMAGES from the ICC World Cup match played between Bangladesh and Sri Lanka, in New Delhi, on Monday.
Top leaders of the Opposition's Indian National Developmental Inclusive Alliance (INDIA) held talks in an informal setting in Mumbai on Thursday evening to chart out a concrete roadmap and evolve a structure for cooperation among the alliance partners to take on the Bharatiya Janata Party (BJP) in the 2024 Lok Sabha polls.
India's pharmaceutical exports to Iran have been hit owing to depleting rupee reserves in the West Asian country because of India stopping the import of crude oil from it in 2019 following US sanctions. Pharmaceutical exports dropped 71.25 per cent in April-August this year over the same period last year. The data from the Pharmaceutical Exports Promotion Council (Pharmexcil) showed exports to Iran had declined 31.29 per cent in 2022-23 as against the previous financial year.
The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday. Addressing directors of bank boards, Das said such gaps, which have been mitigated, could have caused "some degree of volatility". He also hit out strongly against "smart accounting" to conceal stress and bloat financial performance.
PCB acting chairman Zaka Ashraf will push for the country's ODI World Cup matches at neutral venues at the ICC meetings in Durban this week.
rediffGURU Dr Aarti Bakshi, a psychologist and school counsellor helps you understand and improve your relationship with your child.
'They have got the advisory council, a CEO has been appointed finally, and they have made some headway on the term loan B.'
The ECB said no action will be taken against England head coach Brendon McCullum, who was under scrutiny for his association with a betting company.
Keeping in mind the recent spate of injuries among Indian cricketers, the BCCI has decided to ask its state units to appoint their own strength and conditioning coaches.
In a bid to promote Make In India defence systems, the Indian Navy will hold its senior commanders' conference on board the aircraft carrier INS Vikrant in the Arabian Sea, off the coast of Goa.
Arthur is not coming because of the unreliable environment in Pakistan cricket
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
'When you lose, you learn so many things. But people who learn even when they win, will become champions.'
The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday.
The upcoming inaugural edition of the Global Chess League (GCL) will feature the sport's icons such as Viswanathan Anand, Magnus Carlsen, Hou Yifan and Ding Liren.
Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.
Real Madrid will join the complaint filed on Friday by Spanish prosecutors against Barcelona and two of the LaLiga club's ex-presidents over alleged payments to a company owned by a senior refereeing official to influence match results.
BCCI to increase focus on player fitness ahead of ODI World Cup
'The PCB will share the report with the ICC and BCCI if the delegation has any concerns.'
United Arab Emirates is the favourite to host the ODI tournament in March.
The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.
Binny succeeds former India captain Sourav Ganguly.
Three full board members have written to the International Cricket Council (ICC) for a change in schedule of their matches in the ODI World Cup in India.
The Securities and Exchange Board of India (Sebi) is discussing with mutual funds (MFs) a proposal on introducing new total expense ratio (TER) slabs linked to the total equity and debt assets by replacing the current ones that are linked to assets of an individual scheme. Senior MF executives confirmed that Sebi had held discussions on this matter with AMCs. Such a change is expected to lead to a lower TER cap for bigger asset management companies (AMCs).
The Economic Advisory Council to the Prime Minister, of which he is chairman, has quickly sought to distance itself and the government from Dr Debroy's views.
Moeen made his Test debut in 2014 and played his last Test against India at the Oval in September 2021. He scored 2,914 runs in 64 Tests at an average of 28.29, and picked up 195 wickets with his off-spin.
A street in Sydney, Australia, was on Tuesday officially renamed as "Little India" by Prime Minister Narendra Modi along with his Australian counterpart Anthony Albanese during a special community event.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
Pacer Prasidh Krishna, who is back in the Indian team after an injury lay-off, praised and thanked star fast bowler Jasprit Bumrah for his support during the National Cricket Academy (NCA) days.
Rahul Dravid, Sachin Tendulkar and two other senior cricketers will attend a special meeting.
IPL franchises are trying to convince six England players to quit international cricket with multi-million pound deals.
The IOC will hold discussions that will include an option of putting back the July 24 start date or even moving the Games by a year or more due to the global coronavirus outbreak, but said cancelling the Games would not solve problems or help anybody. They have raised several issues in the past week with the IOC, including athletes' inability to prepare due to restrictions caused by the virus and their overall safety.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
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