'For around five hours the storm, reportedly the strongest one ever recorded in the Bay of Bengal, that mother of many a deathly vortex, shook Kolkata like a toddler playing with a rattling toy,' observes Debashish Chatterjee.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
The Bundesliga season will restart on May 16 after a suspension of more than two months, the German Football League (DFL) said on Thursday, becoming the first European league to resume amid the coronavirus pandemic. The DFL said the season would restart under the terms of a strict health protocol that bans fans from the stadium, with six games on Saturday, including the high-profile Ruhr valley derby between Borussia Dortmund and Schalke 04.
Experts are of the opinion that though the second half of this financial year will see some recovery, volume growth is likely to remain in single digit as compared to the double-digit rise recorded in past years.
Sanjeev Goel, business head, Manipal ProLearn, lists 10 courses that are currently most suitable for working professionals to upskill or reskill to ensure they remain of value in the job market and in future-ready organisations.
No major relief for airlines from the Budget.
Work is also progressing on 17 strategic highway-cum-airstrips, three of which have been completed, he said. Besides, work is on in full swing on the Rs 12,000 crore ambitious Chardham project for providing all-weather connectivity to Gangotri, Kedarnath, Yamunotri and Badrinath.
Vallabhaneni, founder and chief executive officer, Luminix, had to wait for 12 years before getting a Green Card.
'In India, a really popular and well-entrenched leader is not defeated by a rival.' 'Such a leader has to defeat himself,' observes Shekhar Gupta.
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
China is on the lookout for investment pastures where its money is welcome, safe and earns a decent return. India also needs vast investment - about $1 trillion over the next 10-15 years - in infrastructure, green energy, transportation and heavy industry, says Ravi Bhoothalingam.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
Important for India was Xi's meeting with representatives of PLA officers and soldiers stationed in Tibet. The video of the encounter was interesting to watch, especially the large number of lieutenant generals and major generals, observes Claude Arpi.
'We have got Brexit done and we can now take full advantage of the fantastic opportunities available to us as an independent trading nation, striking trade deals with other partners around the world,' Downing Street said in a statement.
This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.
Prime Minister Narendra Modi delivered the customary Independence Day address to the nation after unfurling the Tricolour at the Red Fort. India is marking its 74th Independence Day under the shadow of the Covid-19 pandemic.
Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
'With the largest number of malnourished people on the planet, India is poised to be a nation that significantly under-performs as an economy.'
TCS was the biggest loser in the Sensex pack, sliding 3.17 per cent, followed by HCL Tech, Yes Bank, IndusInd Bank, RIL, ICICI Bank, Infosys, Tata Steel, Kotak Bank and L&T, down up to 2.34 per cent.
The prime minister is likely to talk about its possible extension.
Speaking at the UN Climate Conference, Co-Chair of the Green Climate Fund board, Manfred Konukiewitz on Wednesday said that the Fund is on target and will soon be ready to help developing countries foster climate-friendly development.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with the government, Patel said banks indulged in over-lending, while the government did not "fully play" its role, and also conceded that the regulator should have acted earlier.
Rajneesh Gupta presents us all the numbers that matter in T20 World Cup 2021.
The USS John Paul Jones acted like a dog marking the lamp post, observes Ambassador M K Bhadrakumar.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
Finance Minister Jaswant Singh has said the country's economy is poised for rapid, broad-based expansion and a second revolution in agricultural productivity.
"The 'Kalam-NSS' Energy Initiative is a transformative idea that can up shift the US and Indian economies by meeting the urgent global need for a scalable, carbon-neutral, green, 24-hr renewable power source," CEO of National Space Society (NSS) Mark Hopkins said.
'Mamata will beat the living daylights out of BJP workers with the result that people who are not totally committed, they will promptly leave the party and go back to Trinamool.' 'Or when they find they cannot get what they came to the BJP for they will go back to Trinamool.'
High food inflation is here to stay as the economy is mismanaged, says Swaminathan.
Around 52.46 per cent of the patients have recovered, the health ministry said. The number of active cases stood at 1,53,178 while 1,80,012 patients have recovered, it said in the daily COVID-19 update.
Earth Day 2010 can be a turning point to advance climate policy, energy efficiency, renewable energy and green jobs. Earth Day Network is galvanising millions who make personal commitments to sustainability.
Rediff Labs investigates the link between environment and economy in countries around the world.
ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.
Chairing the plenary session of an event to celebrate the World Environment Day 2018, being hosted by India, he said India's traditions have for long underlined the importance of living in harmony with nature.
China is contemplating levying carbon tax and raise the prices of petroleum for the next five years as an incentive to cut greenhouse gas emissions and help realise green targets, an expert said on Monday.
A downturn is tough on a startup. Here are a few strategies to bring you closer to success.
As the world awaits the end of the global pandemic, rural Bengal might be witnessing a recession unfolding in bits and pieces. With factories and tea gardens closing down, agricultural income falling and storm Aila ravaging a large part of deltaic West Bengal in 2010, migration gradually became a norm.
Nothing is going to dramatically open up on May 3. There will be too many ifs and buts and terms and conditions and guidelines in leading one's life in various zones, reveals Sheela Bhatt.
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