Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million - the first such deal by a fintech in a small finance bank. Slice (valued at $1.5 billion, and backed by Tiger Global, Blume Ventures and Axis Bank) will technically get a toehold in a scheduled commercial bank if NESF were to get a licence to morph into one down the line Such a transition is well within the banking regulator's declared framework. The transaction has to be seen in a larger context.
Aziz said all issues, including Kashmir, would be part of the peace talks under the agreed formula for the fresh re-engagement with India.
Calling India and the United States "natural partners", President Barack Obama said the two countries have elevated their relationship and are committed to a new partnership.
'A director should be gifted with the right couple to show a love scene.' 'I was very lucky to have Shah Rukh Khan and Deepika Padukone in the love scene.' 'Just placing them in a frame together, it was something else.'
State Bank of India, the nation's largest lender, has stopped processing transactions of Russian entities that have been sanctioned by the West over Moscow's invasion of Ukraine, sources said. To effect this, SBI has issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanction on it as well, sources said. No transactions involving entities, banks, ports or vessels appearing on a US, European Union or United Nations sanctions list would be processed irrespective of the currency of the transaction, they said. Payments due to such entities have to be processed by other mechanism rather than through the banking channel, sources added.
'The past year has yielded extraordinary results in the strategic, commercial, and people-to-people components of the India-United States partnership, US Ambassador to India Richard Rahul Verma tells Aziz Haniffa/Rediff.com in an exclusive interview.
US Ambassador Richard Verma's tips to the Indian states.
The US is working with India for developing three smart cities --Visakhapatnam, Ajmer and Allahabad
'... For the India-US relationship to continue its positive trajectory, it will require India to adapt to a different approach.' Nisha Desai Biswal -- who as the Obama administration's point person for South Asia was in the inner circle of all the Obama-Modi Summits -- tells Rediff.com's Monali Sarkar why she is hopeful that India and the US are on an irreversible forward course.
Regardless of its commercial success, as an Indian, one needs to watch the story of this unsung hero, feels Syed Firdaus Ashraf.
The NASSCOM report said Indian tech industry contributed more than $375 million to the US Treasury between fiscal year 2011-2015
'It is absolutely critical on pure economic terms, but it's also smart politically, because a recent survey reported that 73 percent of Indians view climate change as the most pressing global concern,' US Secretary of State John Kerry tells a high-power audience in Washington, DC.
'Big countries do not agree on every set of issues.' 'Look, one of the differences in the relationship is that when we do not agree, we are sitting down and talking to each other.'
'How and if India retaliates will go a long way toward determining the trajectory of this crisis.'
'I grew up in a place that used to be the best city in India: Allahabad.' 'The city has given some of the best writers, politicians and musicians to the country. 'Today, it has gone to the dogs.'
US Vice President Kamala Harris would host a separate meeting with the prime ministers of three Quad countries -- India, Australia and Japan -- at the White House to discuss with them the important factors for democracies to go forward, officials said.
Sitharaman has completed just 19 days as defence minister and is also pre-occupied with the Gujarat assembly election, notes Ajai Shukla.
'India's relationship with China has been and will continue to be complex, delicate and sensitive,' says Rup Narayan Das.
Speaking at the forum, Suzuki Motor Corporation (SMC) representative director and president Toshihiro Suzuki said, "Suzuki's future mission is to achieve carbon neutrality with small cars. "We will continue active investment in India to realise Self-reliant India (Atma-nirbhar Bharat)." Under the MoU, the company's wholly-owned arm Suzuki Motor Gujarat Pvt Ltd (SMG) will invest Rs 7,300 crore for the construction of a plant for BEV batteries at a land neighboring to SMG's existing plant by 2026.
With RRR adding to the line-up, Joginder Tuteja takes a look at how well films on revolutionaries have done at the box office.
The Lok Sabha elections in 2024 are not a consideration when it comes to monetary policymaking, said Reserve Bank of India governor Shaktikanta Das to underscore the central bank's commitment to controlling inflation. "It's not possible for me to comment what we do in the next MPC (Monetary Policy Committee), but one thing I can tell and I would like to make it very clear-that the fact of elections coming up in 2024 is not a factor at all so far as monetary policymaking is concerned. "Monetary policymaking is for checking (and) controlling inflation," Das said at the Business Standard, BFSI Insight Summit.
One of the biggest ways in which recent government actions have been seen as investor-unfriendly is New Delhi's decision to unilaterally revisit almost every Bilateral Investment Treaty it has signed with other countries, says Mihir S Sharma.
The industry is engaged in a dialogue with the Government of India on policy measures which could minimise the impact of COVID-19 on the Indian economy and especially the domestic automobile industry.
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
Modi is expected to travel to the US late September.
Both Obama and Modi have taken bold steps towards laying the groundwork to give a big push to Indo-US trade, and now it's time to execute, says Bikash Mohapatra.
India is currently a relatively small market for the US, in terms of total US exports.
In addition to the attack helicopters, the contract also includes fire control radars; Hellfire Longbow missiles; stinger Block I-92H missiles; night vision sensors and inertial navigation systems.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
India is actively considering the Pakistani proposal on the talk schedule for remaining secretary-level meetings in the third round of resumed dialogue with dates on the crucial issue of water and Sir Creek being suggested ahead of the meeting between their prime ministers in New York in September.
Under the current administration, political attitudes toward IP seem to have improved.
'I wasn't getting the roles I wanted to play and the respect I thought I deserved as a senior actor, so I cut myself off from the industry for a while and moved to the US.'
India could lose out on hosting the 2021 Champions Trophy if the government doesn't allow tax exemption on the event.
After talks between the King and President Kovind, the two sides inked three pacts providing for cooperation in polar science, innovation and research and in maritime spheres.
'This is the first time the US has formally recognised the threat India faces from terrorist organisations based in Pakistan.'
Terming pendency of cases a 'huge challenge', Chief Justice of India N V Ramana on Friday expressed regret for not being able to pay much attention to issues of listing and posting of matters for hearing in the Supreme Court.
'After 10 days, Balki, Sunny Deol and Pooja Bhatt liked what I did, and the tension eased.' 'I started calming down a little bit. but nobody knew that in my head a tandav was going on.'
China on Monday defended its visa curbs which have prevented thousands of stranded Indians from returning to Beijing, saying they are "appropriate" to control the spread of COVID-19 and do not target India alone, but are applied to even Chinese citizens coming back from overseas.
'Movie-goers will thrive if you give them what they want.'
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