"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.
Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.
Al-Nassr are one of 40 clubs from 20 leagues across the confederation drawn in 10 groups to face one another from Monday, with only the winners guaranteed to advance to the knockout rounds in the quest for the top prize of US$4 million.
The compliance window is proposed to be open from June 1 to September 30, 2016 and the payment can be made within two months of declaration.
Zimbabwe captain Sean Williams bludgeoned 174 to set up a 304-run victory for his side in their ODI World Cup Qualifier against the United States.
Tata Motors on Monday said the voluntary delisting of its American Depositary Shares, representing ordinary shares, from the New York Stock Exchange will become effective close of trading on January 23, 2023. After Monday, there will be no over-the-counter market trading of the American Depositary Shares (ADSs) in the US due to regulatory restrictions under the Indian law, Tata Motors said in a regulatory filing.
Rohit is confident that he would come good and has asked both critics and media to spare him the constant scrutiny.
Tejaswin will however focus on Asian Games 2023, which will be held from Hangzhou, China from September 23 to October 8.
Semi-high-speed 'Namo Bharat' train services on the 17-km priority section of India's first Regional Rapid Transit System (RRTS) rail corridor will be opened for people from Saturday morning.
If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
This year's US Open runs from Aug. 28-Sept. 10.
Both India, Malaysia and Korea finished on five points each in the Super 4 stage but the Birendra Lakra-side fell behind on goal difference.
At a time when climate change poses significant challenges and the need for sustainable and efficient farming practices has never been more critical, unmanned aerial vehicles (UAVs) allow farmers to gain a bird's-eye view of their crops from ground level. Drones have become a new force in precision agriculture, helping increase productivity while prioritising sustainability and resilience. Fertiliser major IFFCO is exploring this very transformative power of technology in agriculture.
India clinched a series win over the West Indies after pacer Prasidh Krishna tore through the tourists' top order on Wednesday, taking four wickets to lead India to a 44-run victory in the second ODI.
The latest edition of the grand opera that is Indian domestic season will begin in Bengaluru on Wednesday with the Duleep Trophy.
Japan beat Singapore 8-0 to shut out thrice winners Pakistan from medal contention in Pool A at the Asia Cup.
In an address at an election rally in this southern-most part of Mizoram bordering Myanmar, Singh said violence is no solution to any problem and the two communities in Manipur must talk to each other to improve the situation in the troubled state.
The Delhi high court on Monday set aside an order of the Centre by which the Overseas Citizenship of India (OCI) card of academic Ashok Swain was cancelled.
Images from the ICC Women's World Cup match between India and South Africa in Christchurch on Sunday.
Additional solicitor general KM Nataraj, appearing for the Centre, told a bench of Justices SK Kaul and A Amanullah that responses were still awaited from Rajasthan and Telanagana.
Images from the first T20 International between India and West Indies at the Brian Lara stadium in Tarouba, Trinidad on Friday.
Bopanna was playing the US Open final for the second time in his career and this time as the oldest player at 43.
'I need mental conditioning and support staff to deal with the mental aspect.'
Dutee Chand had claimed before NADA's Anti-Doping Disciplinary Panel (ADDP) that it was a case of "unintentional consumption".
Australia made the worst possible start to the defence of their Asian Cup crown on Sunday as Graham Arnold's Socceroos were handed a 1-0 defeat by unfancied Jordan.
Sunrisers Hyderabad's batting will have to guard against the wily leg-spinner Chahal,
Rohit Sharma's buoyant India will look to continue its winning run and extend domination over the West Indies when they clash in the second T20 International in Basseterre, St. Kitts and Nevis, on Monday.
The legendary Muttiah Muralitharan opened up on the Indian team ahead of this year's ODI World Cup.
Young Indian shooter Nischal won the silver medal in the women's 50 metre Rifle 3 Positions at the ISSF World Cup, in Rio De Janeiro, on Monday. It was India's second medal on the concluding day of the tournament.
Pravin Sawant now hopes his archery training academy, built on one-acre sugarcane farmland, will finally get due recognition, after producing India's two world champions Aditi Swami and Ojas Deotale.
'There is no reason to anticipate a drastic change in Canada's attitude towards Indian students.'
The fifth and final Test between India and England, which was suspended due to a COVID-19 outbreak in the visitors' camp last month, was on Friday rescheduled to July next year.
Rising to the occasion, the Indian hockey team thrashed hosts Indonesia 16-0 to qualify for the Super 4 stage of the Asia Cup in Jakarta on Thursday on Thursday.
Shivam Dube led India A's spirited comeback from 20 for five with an aggressive knock before pacer Sandeep Warrier struck thrice to leave West Indies A reeling in their second innings on day two of the second unofficial Test.
IPL 2022's runners up Rajasthan Royals have managed to keep their core team intact with more than a decent set of match-winners at their disposal.
Sunday also proved to be a good day for Delhi's star 400m runner Amoj Jacob, whose winning time was 45.92 seconds.
Having won the first game by three runs, another victory will give India a successive ODI series win in the Caribbean.
In the last three years, 20 gardens have changed hands, and 90 per cent of the buyers are from non-tea background.
I can brag about decathlon as now I have the national record: Tejaswin Shankar at his jovial best
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