'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
The Indian Olympic Association's election, the last step in the road map to pave the way for India's return to the Olympic fold, can now be held only in late September after the IOC on Saturday came up with a fresh schedule to complete the entire process.
There were incidents of stone-pelting and burning of vehicles and sundry items at various places in protest against the police action.
Congress on Tuesday said that PM Modi was losing political capital by trying to protect Swaraj through his continued silence on the Lalit Modi issue.
Republican Party leaders have denied extending an invitation to Narendra Modi to address Congressional leaders and Indian-Americans via video link next week.
Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance Minister Arun Jaitley said it will extinguish the government's liability towards scrapped notes and also eliminate the possibility of their bring used as parallel currency.
The International Olympic Committee has told the Indian Olympic Association to sack "charge-framed" officials through constitutional amendments by October 31 and conduct fresh elections by December 15 if it wants to return to the Olympic fold.
Supporters of the bull taming sport Jalikattu on Tuesday staged protests in Tamil Nadu after SC stayed the Centre's notification lifting the ban on it.
They swear by vegetarianism to not only save our environment and animals, but also to maintain their lithe, sculpted figure.
There is no substitute for hard work. I think the smartest people in life don't get ahead. It's the hard working people who do, says Rishad.
Real Madrid captain Sergio Ramos risks being hit with an extra game suspension which would rule him out of a potential Champions League quarter-final first leg after admitting he got booked on purpose in Wednesday's 2-1 win at Ajax Amsterdam.
A summary of sports events and sports persons, who made news on Tuesday
Running highlights from FIFA's congress. World soccer's governing body has voted on a series of reforms and will elect a new president later on Friday (all times GMT): 13.30 The voting process is proving a long, drawn out affair. After an hour's voting, we have crawled to L for Latvia with little to get excited about apart from the brief appearance of Davor Suker, Golden Boot winner as the top scorer at the 1998 World Cup, as he cast Croatia's vote. Time then for a reminder that for a candidate to be elected in the first round, he must obtain at least 138 votes, two-thirds of the 207 votes cast. If this does not happen, a second round is held. This time, a simple majority -- 104 votes, which represents more than 50 percent of the votes -- is sufficient for a candidate to be elected. If no candidate gets that majority, the one with fewest votes will be eliminated and a new round will be held. This continues until one candidate obtains a majority. 12.45. Having begun his speech by promising to "die with my boots on", Sexwale ends it by withdrawing from the race, "I have got a surprise for you. My campaign ends today and I suspend my participation. With only four people it is your problem now." Markus Kattner, FIFA general secretary then reminds delegates of the voting procedure, reminding them not to photograph their ballot papers.
'The casting of a popular hero Ranveer as Bhansali's Khilji sends out an erroneous and contradictory missive to the lay public; a message that tends to equate a leading light with a notorious and treacherous player of medieval history,' notes Vivek Gumaste.
A summary of sports events and sports persons, who made news on Tuesday.
'Nehru is often portrayed as a visionary with his head in the clouds. But he had his feet firmly planted on the ground when it came to building and nurturing institutions and setting them on the right path with the right traditions,' says B S Raghavan.
The Arab region squandered the chance to help elect their first FIFA president because their two candidates failed to cooperate, leaving the door open for Swiss Gianni Infantino to triumph on Friday, Arab soccer chiefs and pundits said.
Given the gestation period for regulatory clearances it is not possible to share any definite timelines.
'Gandhi turned his life into a counter-intuitive experiment in old ideas like non-violence and swadeshi.' 'He offered numerous universal ideas that talk to the human condition.' 'His ability to take risks was outstanding,' says Sopan Joshi, explaining why the Mahatma's ideas are as relevant as ever.
It is the last place where the dinosaurs who once dreamt of ruling the Earth can still be seen in their natural habitat, says T V R Shenoy.
Tata Sons, holding company for the Tata group, is working on building a centralised rural business platform that could be leveraged for the entire group's benefit, instead of each company looking at it separately.
A group of high-powered individuals led by Anand Mahindra have come together to set up Krea university. The campus is expected to be ready by 2019 and the first batch of 100 to 125 students will commence classes in August next year.
Recently, Sebi has revised the Code of Corporate Governance for listed companies significantly. Most revisions are in sync with the provisions in the Companies Act 2013, though some norms are stricter than those in the Companies Act 2013.
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
'Sridhar had the ability to paint a vision, for an activist faced with the toughest personal problems so as to see a way out by combining one's personal desires with the needs of the movement.' Arun Ferreira remembers his fallen comrade Sridhar Srinivasan.
The chief minister dug out appointments of parliamentary secretaries by the Congress and the BJP governments in the national capital in the past and said many of them including Ajay Maken, who had held the post, even had his own staff and access to important official files.
ICICI Bank CEO Chanda Kochhar stirred a hornet's nest this week when she linked the low numbers of women in B-school to a focus on quantitative ability in the testing process.
Amidst rumblings of a crisis within AAP, a letter by its internal Lokpal has pointed to the growth of two camps within the top leadership of the party due to an "abject breakdown in communication and mutual trust" and said it needs to make efforts to address criticisms over inner-party democracy.
Phillip Hughes's tragic death cast a shadow over an eventful year that saw Ashes rivals Australia and England brawl on the field and bond off it, joining India to pull off a bloodless coup and take charge of the game.
From the FIFA World Cup finals to the spot-fixing scandals that rocked Indian cricket, we pick the key sporting events on the 2014 calendar.
Organiser, the Rashtriya Swayamsevak Sangh's organ, has alleged that prestigious institutes like Indian Institute of Technology were being turned into places for "anti-India and anti-Hindu" activities.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
FIFA President Sepp Blatter began his fifth term at the helm of football's governing body on Saturday facing the daunting task of restoring public faith in an organisation tainted by allegations of corruption and deeply divided over his re-election.
The spotlight at next week's FIFA Congress will fall on the presidential election - but the real key to the future of football's beleaguered governing body is embedded in a document with the unglamorous title 'Draft statutes - Congress 2016'.
Mohammad Sajjad profiles Professor Riazur Rahman Sherwani, 94, versatile mind, intrepid intellectual.
'Let us hope that with Nandan, like Cincinnatus back on his farm, taking over the reins, Infosys will not only regain its vigour and momentum, but vastly improve upon its achievements as a global player,' says B S Raghavan, the distinguished civil servant.
Mr Rahul Gandhi himself has given seven different prices in different speeches with regard to the Rafale, that is the 2007 offer.
There was optimism mingled with conviction in VVS Laxman's tone and tenor as the batting great today predicted the start of an era of prolonged dominance by the current Indian Test team, akin to the great West Indian and Australian sides of the past. As the long home season begin with the Kanpur Test against New Zealand, India are seeking to become the numero uno side in Test cricket and Laxman, who called captain Virat Kohli a "trendsetter", felt achieving the number one status will just be the beginning of a long journey.
The twin announcements have virutally cleared the decks for the merger of the two factions.
