Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB, thus giving a greater degree of protection for the depositors, the RBI said. In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
'People on the wait list will be accommodated for vaccination when the scheduled beneficiaries don't turn up.'
Denied entry into a restaurant on the basis of his skin colour recently, former Grand Prix driver-turned TV expert Karun Chandhok says more awareness needs to be created against racism through Formula 1 though it has already taken "impressive" steps to address the issue.
'Being embarrassed when you mess up is part of the human experience.' 'Getting back up, dusting yourself off and seeing who still wants to hang out with you afterward and laugh about it? That's a gift.'
Modi called for a new global index based on talent, technology, transparency and trusteeship towards the planet in the post-corona world.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Wasim Akram backs Babar Azam to take over Test captaincy, urges him to be assertive
'My father was asking me what an IPO is. He has no clue and he has never been an investor.' 'My mother, who was the one to ring the bell, has been an investor in Policybazaar for the past 6-7 years and I would say she has made good returns.'
Prime Minister Narendra Modi arrived in Washington, DC, on Wednesday on an official visit to the United States during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, attend the maiden in-person Quad summit and address the 76th session of the United Nations General Assembly in New York.
A public authority possesses power only to use it for public good and this imposes a solemn duty on the State to act impartially and to adopt a procedure of allotment of licence which is 'fair play in action,' the Supreme Court has said.
The Arab Accord -- essentially bilateral agreements with Israel -- does not mention the Israeli-Palestinian conflict.
Following the meeting, Abdullah tweeted that Modi assured him of India's continued support for the peace process in Afghanistan.
Pelosi's appointment comes at a time when a standoff with regards to the United States-Mexico border wall has snowballed into a partial government shutdown.
The government on Thursday brought a bill in the Lok Sabha to withdraw all back tax demands on companies such as Cairn Energy and Vodafone and said it will refund the money collected to enforce such levies.
The massive coal mine in Queensland state has been a controversial topic, with the project expected to produce 2.3 billion tonnes of low-quality coal.
'It is difficult to pin down any singular factor but marriage does invite the emotional investment of viewers,' observes Chintan Girish Modi.
'Till the foreseeable future, our evenings are chock-a-block with nuptial festivities and merrymaking,' sighs Kishore Singh.
Last November, a lawyer for Future Retail Limited (FRL) told Delhi high court that Amazon is interfering with its lawful business and thousands may lose their jobs and FRL may go bankrupt. Senior advocate Harish Salve, who appeared for FRL, likened Amazon to East India Company. Senior advocate Gopal Subramanium, who represented Amazon, told the Future counsel to keep the "East India Company" rhetoric aside, as Amazon has invested $6.5 billion all over India and created 900,000 jobs. This drama played out in the case in which Amazon has challenged Future's $3.4-billion deal with Reliance, alleging the retailer's deal breached an agreement with the American e-commerce firm.
The Pakistani military may shortly give Imran Khan the boot, substituting him with another puppet, predicts Lieutenant General Prakash Katoch (retd).
Sri Lanka beat India by four wickets to draw level in the three-match series.
'Why did your generals try to grab a few square kilometres of Indian territory in Ladakh?' 'And what happened to the hard work that you and Prime Minister Modi put into the Wuhan and Mamallapuram meets?' Claude Arpi writes a letter to Xi Jinping, China's self-styled supreme leader, who turns 68 today, June 15.
Abhishek Bachchan's sneering expression is ill-quipped to convey the confidence of a wheeler-dealer. Those frequent bouts of muahaha make it worse. So much worse, says Sukanya Verma.
Top security czars of India, Russia, Iran and five central Asian countries on Wednesday pledged to work for ensuring that Afghanistan does not become a safe haven for global terrorism and called for the formation of an open and truly inclusive government in Kabul.
Dutee, who missed the original entry standard of 11.26 seconds, got an invite from the IAAF as the target number of 56 athletes for women's 100m event was yet to be reached for the August 4-13 World Championships in London.
From the many large communal riots across decades to the six-hour mass cull of Muslims in Nellie, 1983; Sikhs in Delhi and elsewhere, 1984; Kashmiri Pandits, 1990; selective massacres of Hindus in Punjab, 1983-93; and Gujarat, 2002, we have failed to bring perpetrators of our biggest tragedies to account, asserts Shekhar Gupta.
A draft proposal by the sub-committee of the insolvency law committee has recommended that the corporate debtor (CD) may initiate the prepack since it may prove difficult to implement if creditors are allowed to do so without the willingness of the promoter.
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
"The cancellation of the UK prime minister's visit because of all these efforts is surely a big victory for farmers," the statement said.
In his brief address, the external affairs minister said India's friendship with Afghanistan is "strong and unshaken" and that no part of the country is untouched by New Delhi's development programmes.
'Pakistan has power -- they have the power of terrorism and the reluctance of the world to act against them.'
Congress president Sonia Gandhi on Friday urged top opposition leaders to rise above political compulsions to take on the BJP in the interest of the nation and start planning "systematically" to realise the "ultimate goal" of winning the 2024 Lok Sabha polls
The Taliban have the ISIS in its crosshairs. The Taliban has shown the skill to assimilate extremist elements if they are reconcilable as well as the ruthlessness to eliminate troublemakers, observes Ambassador M K Bhadrakumar
A consortium of 26 lenders led by the SBI, with 51 per cent stake in the debt-trapped airline, has invited bids from potential suitors.
Hectic political activities continued for the second consecutive day in the ruling Bharatiya Janata Party in Karnataka on Thursday, as party's national general secretary in-charge of the State Arun Singh started meeting leaders and legislators individually, in the backdrop of speculations over replacing Chief Minister B S Yediyurappa.
Modi announced a USD 14-million grant for community development projects in the Caricom and another USD 150 million line of credit for solar, renewable energy and climate- change related projects, a statement released by the Ministry of External Affairs said.
Multiple triggers such as asset sales, pickup in energy cash flows, increased traction in omni-channel retail, and rise in ARPUs could further drive the stock.
The US president said the North Korean leader holds the opportunity to be remembered as one who ushered in a glorious new era of security and prosperity for his citizens.
'I told myself, I will be 23 next year. Why can't I be a billionaire too?'
If the former US vice-president runs, the already crowded Democratic primary field will steer clear to make him the clear front-runner for his party's nomination.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
