Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
All-rounder Dwayne Bravo is hoping that the showing of Chris Gayle and Co in IPL-4 will make the selectors back home realise what they are missing.
Indian Airlines had to pay the amount as compensation to a British firm for aborting a pilot training contract. UK-based Storm Aviation was to train 66 pilots over the first three months of the term that cost pound 11,380 per candidate. However, IA discontinued the training after the first batch of 10 pilots. Storm Aviation filed a lawsuit demanding about pound 500,000 in compensation; IA settled out of court by paying pound 350,000.
India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US.
In the changed scenario of Indian private equity, where institutions and individuals are busy with fund raising, the fund houses are exploring untapped markets.
The collection of mostly small and medium sized businesses is a hotchpotch of ventures and include design schools, schools, villas for hire in Goa and a country club in Gurgaon.
Muslim clerics and scholars have welcomed the capital punishment awarded to the Mumbai terror attack convict Ajmal Amir Kasab saying the court verdict has reiterated the faith of all countrymen in Indian judicial system.
Alia Bhatt and Sidharth Malhotra's Kar Gayi Chull is the latest song to praise Bollywood's heroines.
Firms are rewarding top performers with offsites abroad.
Modi, who is in Mexico on the final leg of his five-nation tour during which he will hold talks with Mexican President Enrique Pena Nieto on key bilateral issues including India's NSG membership bid, was greeted by the Indian community amid chants of 'Bharat Mata Ki Jai'.
With various financial sector bills pending in Parliament, the US today said India should further liberalise this area to sustain 8-9 per cent growth it was recording before being impacted by global economic crisis.
Most expect these bubbles to break in short order and cause serious financial pain to anyone who's foolhardy enough to remain invested in financial assets.
The industry employs about 10 million workforce.
The influence of EDM was seen in Bollywood songs throughout the year.
Amid speculation that Shoaib Malik and Sania Mirza's wedding venue could be changed from Hyderabad to Dubai following Siddiqui family's threat for legal action, a friend of the ace Indian tennis star on Saturday said preparations for the April 15 marriage are on as per schedule.
Private equity firm, ICICI Venture, on Thursday said that it plans to invest Rs 120 crore (Rs 1.2 billion) in Star Health and Allied Insurance Company, marking the first private equity deal in the Indian health insurance sector.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
'Indians are great savers, but they are lousy investors.'
Maruti Suzuki has outperformed Suzuki Motor Corp in terms of profitability, with the Japanese parent today posting a consolidated net profit of 28.91 billion yen (about Rs 1,395 crore) for the fiscal 2009-10, almost half of that of the India's largest carmaker.
In a post 26/11 world, Indian and Pakistani youth attempt to build bridges of understanding over troubled waters. Here, members of the 2009 Indian delegation of Seeds of Peace share their experiences.
The mass Jallikattu protests on Chennai's Marina beach showed no sign of dying out on Friday, even after Tamil Nadu Chief Minister O Panneerselvam promised that a draft ordinance aimed at ensuring the conduct of the traditional bull-taming sport has been submitted to the home ministry.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
The parent companies, however, performed well on the profitability front, posting 30.93 per cent net profit growth compared to 22.6 per cent by their Indian subsidiaries.
If you know you are going to be in India, and all your future incomes and expenses are going to be in Indian rupees don't take the risk of being invested in US dollars
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
Reader Satish Umadi sent us this picture from Hove.
While Star was expecting around Rs 1,800 crore as ad revenues from the television and digital media, it may end up getting Rs 1,500-1,600 crore now, after factoring in the washouts and India not being able to reach the final.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
PM also invoked 'chai pe charcha', saying it was not just a slogan but a 'mark of deep respect for the dignity and integrity of honest labour'.
If there's even the slightest chance of a laugh, its dummy cast ensures the joke doesn't land, feels Sukanya Verma.
Expressing concern over the 'effects' of global slowdown on the Indian economy, Prime Minister Manmohan Singh on Saturday cautioned that the next fiscal could be 'more difficult'.
'Modi's interview style is distinct, and alas one that is increasingly being followed by others as well, notably by the man who is out to challenge him, Rahul Gandhi.' 'This may appear aggressive and combative to readers and viewers, but the fact is that sometimes it becomes unclear as to who is interviewing who,' discovers Saisuresh Sivaswamy.
Sania Mirza stormed in to the semi-finals of the Pattaya Open after upsetting home favourite and sixth seed Tamarine Tanasugarn 7-5, 6-4 in Pattaya, Thailand, on Friday. The Indian ace, who recently won the mixed doubles crown along with Mahesh Bhupathi, will meet eighth seed Magdalena Rybarikova of Slovakia, who shocked second seed Caroline Wozniacki of Denmark 6-4, 6-1.
IT-BPO exports grew at a compound annual rate of 31.6 per cent in the boom years 2004-08. But the rate fell to 16 per cent last year (2008-09) and is likely to be in single digit in the current year.
D E Shaw, a global private equity firm with $36 billion in assets, is understood to be planning around $200 million investment in the Indian education sector by taking up strategic positions in companies offering e-learning, distant learning, vocational training and the like.
SBI, which accounts for about a quarter of India's loans and deposits, said standalone net profit fell about 8 per cent from a year earlier to Rs 30.41 billion ($519.8 million) in its fiscal fourth quarter to March 31.
With the rupee going from strength to strength and attrition a continuing concern for Indian business process outsourcing companies, the new poster child of private equity investors is witnessing adjustments in valuations in the changed scenario.
While investment activity jumped three to four times this year over last year for e-commerce, it has shown marginal growth (five per cent) in the case of consumer and retail
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