As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
Young professionals who lost their jobs tell Rediff.com's Divya Nair how they reclaimed their lives.
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
In the next few weeks, the Bombay High Court will hear the institute's petition to review its 2011 directive to vacate the land it occupies in Film City.
'He came back from the US only to work for his country.' 'He has invested his fortunes to build this company and is married to his work.' 'Rarely does one see such commitment.'
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.
The Coimbatore suburb has been growing significantly due to strong economic policies, says Naveen Nandwani.
'I told myself, I will be 23 next year. Why can't I be a billionaire too?'
'India has ramped up infrastructure on its side, so the Chinese military is finding Indian soldiers in locations where they are not used to seeing an Indian footprint,' points out Harsh V Pant.
Whenever you think of Microsoft, the only name that crosses one's mind is Bill Gates. But the tech behemoth was co-founded in 1975 by Gates and Paul Allen.
Subramanian was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development in the US before joining the ministry.
'People know if inflation is not within the tolerance band, then action will be taken so they do not expect inflation to rise above that.'
Trump's visit symbolised heightened partisanship and a return to chemistry between leaders defining bilateral ties, notes Kashish Parpiani.
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
Should we really pay attention to them, asks Ajit Balakrishnan.
A must-read excerpt from former RBI governor and former Rajya Sabha member Bimal Jalan's India: Priorities For The Future.
It was clear in Brunei at the 8th East Asia Summit that China doesn't want the South China Sea issue to even dominate the discussion, reports Sheela Bhatt, who is part of the prime minister's media contingent to the summit
Creating many more half-decent jobs for the 10 million plus new entrants to the labour force each year must surely constitute the primary development challenge for India today.
An open and free internet is a key contributing factor to innovation in the digital economy.
The ICMR is working on a war footing to develop the testing ecosystem -- especially for the screening blood tests. NIV, Pune, is in the process of validating antibody-based screening kits.
'The brazen politics, in this series of bullying of AMU by functionaries of the Union and provincial governments, utterly disregarding the fact that the matter is sub judice, is quite obvious.' 'One needs to see through the desperate politics of the BJP which governs both Uttar Pradesh and the Centre, especially its woes over its Dalit support base,' says AMU Professor Mohammad Sajjad.
In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.
More than 750 constituencies spread across four states and one union territory will go to the polls on Tuesday
Take a look at the skills that matter and how you can acquire them.
Court documents show that the Kerala government, whose case was treated as the 'lead case' among all the petitions filed against Adani, made four allegations to convince the court to cancel the contract for the Thiruvanathapuram airport. The state's legal team couldn't substantiate most of these allegations with documentary proof and its self-defeating arguments in court failed to convince the judges to cancel the contract given to Adani. The battle for the Thiruvananthapuram airport between the Communist-led Kerala government, the Adani group and the Modi government over the past year hasn't had a dull moment since the proceedings began. Claims of a smoking gun turned out to be a damp squib, says Sai Manish.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills.
Not to say that India couldn't have handled the situation better, but on average, it didn't do anywhere near as badly as the naysayers make it out argues Rajeev Srinivasan.
Modi is seen as exceptional not only on account of his acts but also owing to his style. He appears to sacrifice his life for the people -- like a fakir, a figure he came to epitomize even more in 2020 by growing a long white beard. Charisma is above accountability, and Modi has grasped these dynamics.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
Bandhan financial Services will raise funds via internal accruals.
'No government should be viewed as authoritarian, rather as a collective institution of people,' says Pinarayi Vijayan.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
International Finance Corporation will put in $200 million and HDFC will contribute $600 million to create $800-mn corpus for affordable homes
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).
Without our realisation, basic AI is already managing our personal and work lives through emails, work processes and even entertainment
