Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
As the first Indian female gymnast to qualify for the Olympics, Dipa Karmakar knows she has to pull off something spectacular if she wants the world to take notice.
ONGC's chairman and managing director Sudhir Vasudeva tells Business Standard that any price for natural gas that is more than $4.2 a unit is good for the company.
While an occasional big expense is fine, it is important to maintain a lifestyle that leaves enough surplus to invest and save.
The iconinc Zaveri Bazaar in south Mumbai does business of around Rs 3 trillion a year.
While Trump played on fears about Muslims and immigrants, Hillary played out the fear of Trump, says Sankrant Sanu.
Monisha Dudaney tells you what the stars predict for the coming months.
Smuggling and crime are everyday instances. The 70,000 people in villages along the border make the going tough for the BSF. Neelabh Srivastava reports
Despite its squandered possibilities, Fan is always engaging, writes Sukanya Verma.
The dollar's preliminary moves after the low 80.90 are supportive of a like dollar rally back to 85.50. We should see confirmation of that in the early part of next week, says Sonali Ranade
Ranjita Ganesan and Nikita Puri chronicle the journey of Abhishek Poddar, one of India's leading art patrons.
Nehru decided to build The Ashok in New Delhi to host a UNESCO conference. For a prime minister focussed on India building with projects like the Bhakra-Nangal Dam, IITs and factories, "the hotel spoke of the gumption of the country at that time." Manavi Kapur traces the eventful journey of the hotel, which has now completed 60 years.
Though inflation, on the basis of the wholesale price index, is nowhere near the 1990-91 level of 10.26 per cent and India is in a much better position to check it, the greater integration of our economy with the globe has exposed it to a much higher risk of imported inflation.
'Competence, experience, matter, did you say?' 'No music was sweeter than the mash of xenophobia, jingoism, racism, misogyny.' 'And the master busker to play the tune was round the corner to capture an eager audience just in the nick of time.' Shreekant Sambrani on the Trump Triumph a week after his upset victory.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
'There are problems related to the Indian film industry that I'd like to address rather than to keep harping on the negative zone of hurdles in film certification,' Minister for Information and Broadcasting Rajyavardhan Rathore tells Subhash K Jha.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
Meet the Bhandari brothers, who scored a critical and commercial hit with their debut film while the biggest movie of the year was dominating the box office across the country.
Retracing the journey that brought coffee from Araku Valley in Andhra Pradesh to an upscale caf in the aristocratic district of Le Marais in Paris.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
With a sole mandate of inflation targeting, RBI wears many hats.
Hoard cash. There will be plenty of time and opportunity at far lower levels, warns Sonali Ranade in her weekly Market Notes
A chat with employees at Paharpur gives you a brief glimpse into a happy and energetic workplace.
Hasee Toh Phasee takes a familiar premise -- two people on the brink of tying the knot and introduces a third party to cause expected stir. Only it doesn't happen like it used to, writes Sukanya Verma.
On Sunday, Prime Minister Narendra Modi expanded his Cabinet and inducted 21 new ministers. Of these, 4 - Manohar Parrikar, JP Nadda, Suresh Prabhu and Birender Singh were appointed as Cabinet ministers. Other than this, Modi has inducted 17 other ministers of state. Here's a quick look at them:
'Omar Khorsani has called repeatedly for the most barbaric of attacks. He is very adept on social media. He is, in other words, eerily similar to the ISIS leader Baghdadi.' 'The crux of the army's 'strategic asset' policy -- its policy of regarding militants as those that can help Pakistan pursue its regional interests -- is that Pakistan needs help in weakening India or in keeping its presence minimal in the region.' Michael Kugelman reveals what the world can expect next from the Tehreek-e-Taliban Pakistan, the terrorists responsible for the Peshawar school massacre.
Modi is as divorced from reality as Manmohan Singh. He might want to sound expansive and visionary, but to be credible he must have his feet on the ground and know the reality around him. Instead of delivering irrelevant homilies to small and hence poor farmers, the prime minister should be thinking in terms of creating a huge demand for alternative employment, mainly in the construction sector, and his promised hundred new cities is a capital idea, says Mohan Guruswamy.
From extreme poverty to building a company worth Rs 60 crore, Raja Nayak's incredible rags-to-riches story is an inspiration for all.
'To be complimented for a fantastic performance after just viewing the trailer! This never happened to me before.' 'If you have given a party a mandate for five years, stop blaming it for everything under the sun.' 'My kind of films do not make stars. Now we, the actors, after years of struggle, have created a parallel industry where we have made a name for ourselves. But stars we are not nor can we be.' 'For a boy coming from a remote village of Bihar at the Indo-Nepal border where no transport was available to commute to the nearest town, even coming to Delhi and then Mumbai and finally watching himself on the silver screen was a huge thing!'
Shreekant Sambrani is confident that today's adversity will make the country emerge even stronger
These five are budget-friendly yet feature rich.
'The diplomat's arrest has led to a major diplomatic spat, the likes of which I have not seen in my nearly three decades of covering the US-India relationship, says Aziz Haniffa. 'The knee-jerk reaction by the powers-that-be in Delhi was myopic to say the least.'
'We know many things are going to happen.' 'People should be preparing for sea level rise, for increased cyclonic activity, for drought.' 'One reason I wrote the book is to alert people to the dangers that they face.' 'For example, Mumbai faces enormous threat.'
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
Time to take profits and move to the sidelines in an euphoria, says Sonali Ranade
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
Shopkeepers are losing buyers in droves to e-tailers for everything from fashion to smartphones, and are struggling to find solutions.
The year 2014 has been an eventful one for India. The country got a new government and a new state, broke new frontiers in various fields and of course its share of controversies.
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