Mumbai, India's financial capital, is set for a mega transformation with a massive patch of land opening up for redevelopment; a new metro railway ready to start services by the year-end; and the country's oldest railway station, the Chhatrapati Shivaji Terminus, going for modernisation with private sector participation. Work on Mumbai's second airport will start from next month, while construction of the sea link connecting central Mumbai to Navi Mumbai has already moved into a fast lane despite Covid-induced lockdowns. Also, a coastal road project, connecting Nariman Point to Worli, is under way and will help decongest the city to quite an extent. Of all these mega infrastructure projects, the one that has a huge potential to change the city's skyline is the Eastern Waterfront project - to be built on the Mumbai Port Trust (MbPT) land.
Forward Mumtaz Khan (8th, 11th, 12th, 15th) scored four times and Chetna scored thrice (6th, 14th, 17th) to help India achieve the dominating win on Monday night.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
Unlike the earlier experience post the global financial crisis, where nearly 90 per cent of the restructuring happened in the corporate loans, the non-corporate segment, which includes small businesses, agricultural loans and retail lending, will account for a higher share this time.
With a 'yes' vote, there is a more foreseeable outcome, while a 'no' could result in greater uncertainty, for which retail investors may not have the appetite.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
Last week, RBI raised the CRR--amount lenders need to keep with the central bank-- by 75 basis points to suck out Rs 36,000 crore (Rs 360 billion) from the system and cool down inflation.
Check out the arrivals.
How many times have a sister and brother's movies released on the same day?
Enthused by government's commitment to act proactively and ensure more liquidity to promote economic growth, ICICI Bank managing director K V Kamath on Monday promised to review interest rate in the next few days.
Nearly 6,000 passengers were stranded as train services on the Konkan Railway route in Maharashtra's Ratnagiri district were suspended on Thursday after a river overflowed following heavy rains, while incessant downpour badly hit road and rail traffic in several parts of the state, including around Mumbai, as authorities called in NDRF to help the administration in rescue efforts.
The MD and CEO of ICICI speaks on how life will change and the bank's strategy going forward.
With inflation declining for the sixth week in a row, ICICI Bank chief K V Kamath on Friday said lending rate will come down to single digit in a year and predicted attractive opportunities in treasury operations in the soft interest rate regime.
Saddened by the financial hardship being faced by the hockey community amid the COVID-19 pandemic, former India captain Viren Rasquinha has raised Rs 22 lakh to be distributed as one-time benefit among players, coaches and groundsmen working at the grassroots level. The fund has been raised in just one week through a joint initiative of non-profit organisations Olympic Gold Quest, of which Rasquinha is a Director and CEO, and Go Sports Foundation. They named the initiative #LetsStickTogether.
When your reputation is under attack, do not look for someone to blame, do not weasel out by citing technicalities, and do not sidestep responsibility. The to-do list forms this article. While you read it, send for Amitabh Bachchan
Director Nishikant Kamath tells us about what prompted him to make Mumabi Meri Jaan, a film on the Mumbai train blasts.
The shareholders have been asked to vote on the proposals, which were approved by the board at the meeting on December 19, through postal ballot by February 11 and the results would be announced on February 13, the bank said in a notice to its shareholders. As per the proposals, Kamath would replace N Vaghul as the bank's non-executive chairman, after he retires on completion of his current term on April 30.
The extent of the rate cut is being calibrated and would be announced soon. ICICI had earlier this month reduced home loan rates for new customers by up to 1.5 percentage point. There are indications that the fresh cut in interest rates would benefit both existing and new customers.
Strongly denying that economy is slowing down, CII President K V Kamath on Monday said one has to see India Inc's performance in the next two quarters to pass a judgement.
The major beneficiaries of loan recasting will be sub-Rs 500 crore corporate exposures and retail exposures, which were earlier expected to see the highest increase in NPAs in percentage terms.
Companies are developing a surrogate education system to create a skilled labour pool.
Work on the 340-acre campus expected to be completed by April this year
That Four Letter Word feels like a home video experiment by independent filmmaker Sudhish Kamath reminiscent of Hyderabad Blues, except that it isn't even mildly entertaining.
India's growing knowledge economy and rising consumer aspirations drove the growth of ICICI Bank, the country's most valuable lender, its CEO K V Kamath said.
If we work together with dedication, concentration and effort, we should be able to achieve our aspirational growth target of double-digits for a very long period of time, suggests K V Kamath.
'When growth is ignited, as it has been in India it continues for a long time, as long as 20 to 25 years! The last case was China, and before that Japan. I do hope this happens with us, says ICIC Bank chief executive officer K V Kamath.
Reader Purnima Kamath has sent us a photograph.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
Move over Ash and Sonam. This motley crew of Masaan is making their presence felt the real way at the ongoing French Film Fest.
The hits and misses of the week.
How much will the banks' bad assets grow in March? It could be anywhere between Rs 1.2 trillion and Rs 2 trillion, observes Tamal Bandyopadhyay.
Indian shooter Manu Bhaker won gold in women's 10m Air Pistol in Youth Olympics on Tuesday.
Kicking off the process for a possible settlement of ownership issues within the Reliance empire, Kokilaben, widow of Dhirubhai Ambani, has started consultations separately with her warring sons
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