RBI said aggregate demand during the year so far suggests that the shock to consumption is severe, and it will take quite some time to mend and regain the pre-COVID-19 momentum.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
'This is a blip in the 100-year history of cinema.'
From Sri Lanka's most popular political family to its most despised -- going by the voices on the streets calling for the Rajapaksas' ouster -- what went wrong for the clan? Veteran Sri Lanka watcher N Sathiya Moorthy offers an insight.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
Thackeray, who is also president of the Shiv Sena, said his alliance partners -- the Nationalist Congress Party and the Congress -- are 'positive' and the Maha Vikas Aghadi (MVA) government is benefitting from their experience.
'The BJP's solo aim in Mumbai and Maharashtra is to finish off the Shiv Sena and Sharad Pawar's NCP.'
IOC stunned many Games organisers last month by announcing that the marathon, one of the most prestigious events at any Olympics, would be moved to the northern Japanese city of Sapporo to avoid the worst of Tokyo's summer heat.
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
December 3, 2021 marks 50 years since the beginning of the 1971 War which ended in a decisive military victory for India and the liberation of Bangladesh. Most analysts of the 1971 War agree that the IV Corps dash across the mighty Meghna river led by the brilliant General Sagat Singh was the turning point in the war, recalls military historian Colonel Anil A Athale (retd).
Kejriwal urged AAP members to strengthen the party at grassroots level.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
Punjab National Bank is the second largest PSU bank, in which government holding is 58.87 per cent.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
If India wants to become a globally competitive manufacturing hub, it will have to rethink the notion that the traditional SMEs will form the manufacturing backbone, argues Prosenjit Datta.
The revived factionalism in the AIADMK, if not curbed now, has the potential to split the party vertically, warns N Sathiya Moorthy.
'One can start accumulating economy driven stocks in the next few months with a two-three year view.'
Politicians and bureaucrats find it very difficult to accept their failure and inability as it is not in their veins, the Delhi high court Wednesday said while expressing concerns over the condition of subordinate judiciary's judicial officers who are at risk of contracting COVID-19 owing to the nature of duties.
Out on bail, the Bhim Army chief said 'it will be shameful if I don't call him out for saying that those indulging in violence can be identified by their clothes itself'.
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
Images from UEFA Europa League semi-finals played on Thursday.
Group is planning to reduce its dependence on power generation business by expanding in other areas
'My family goes to the airport every day so that they can find a way out.'
India's salvation lies in job creation by entrepreneurs, say Manish Sabharwal and Ashok Reddy.
Bhargav Dasgupta, managing director and chief executive officer of ICICI Lombard, tells Subrata Panda, in an interview that the company has adequate capital for now and does not see a need for fresh infusion through markets over the next few years.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
Bob van Dijk, chief executive officer of Naspers, is now betting on companies in food tech, payments, travel and other consumer sectors to tap the potential of the Indian market.
India is worried about Pakistan getting the Taliban to ignite trouble in Kashmir, observes Ramesh Menon.
The scrutiny started when it came to the government's notice that Shelf Drilling, a company that operates one third of ONGC's contracted jackup rig and earns a revenue of close to $220,000 a day, has China Merchant Group as its single largest shareholder.
To build one's political and ideological arguments on the dead bodies piling up outside our crematoriums is despicable and breaches the basic tenet of human civility, argues Vivek Gumaste.
Chinese hubris and the slippery slope it finds itself on have important lessons for authoritarian leaders elsewhere, including in India, observes Colonel Anil A Athale (retd).
'This government will end after five years, but farmers will not end after five years.' 'This is the source of our confidence.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
'It may serve the interests of the rule of law if the Supreme Court were to appoint the UNHCR as amicus curiae in the CAA case,' notes Ambassador M K Bhadrakumar.
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
From Network18 perspective, this helps reduce dependence on ads and helps especially in times of slower GDP growth.
While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
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