The Reserve Bank did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated earlier and is likely to do so only next week, according to a central bank official. While placing LVB under a moratorium and then issuing a draft amalgamation scheme on November 17, the RBI had said it would issue the final merger scheme on November 20 (Friday) so as to help complete the resolution for the 94-year-old lender by December 16. However, as of 2200 hrs on Friday, the central bank did not issue the final merger scheme. When contacted, a senior RBI official told PTI that the same would now be issued early next week.
A Central Bureau of Investigation court on Monday summoned the wife of mining baron and former Karnataka minister G Janardhana Reddy to appear before it on July 10 in an illegal mining case filed against them.
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.
An editorial in the Sena mouthpiece 'Saamana' termed the Supreme Court order as the victory of "women power", and said the Centre needs to change its attitude and vision. The apex court's verdict meant there was a problem in the central government's "mental frame", it said.
Film folk are celebrating their beautiful handloom outfits on social media on National Handloom Day.
According to the newspaper, Lakshmi Mittal said large parts of manufacturing industry would not suffer the same problems as those parts of the world economy more closely linked to banking and finance such as housing and consumer goods. The India-origin billionaire indicated that substantial parts of the broad industrial sector across the world would perform in a satisfactory way in the next one to two years.
Family and friends say their last goodbyes to Nandamuri Harikrishna.
A lowdown on all the goings-on in the Malayalam film industry.
The mother of Falak, the two-year-old battered baby, has been traced and will undergo a DNA test to ascertain whether she is the biological mother of the child. A senior police official said they traced the mother named Munni on Sunday night and she is being brought to Delhi. Munni has allegedly left her daughter, Falak, with one Laxmi in September last year.Falak has been battling for life at the AIIMS Hospital where she was brought on January 18 with a severe head injury.
From politicians to entrepreneurs and change makers, Akash Ambani's wedding had some illustrious guests.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
'What was her crime?' 'She loved a boy, looked after him through his darkest days, put her life on hold to be there for him and when he took his own life she was crucified.'
Nagarjuna hosts a star-studded reception for his son and daughter-in-law.
A day after the RBI put in public domain a draft scheme of merger of Lakshmi Vilas Bank (LVB) with subsidiary of Singapore-based DBS, public sector banks' officer union AIBOC on Wednesday said the amalgamation is not in the national interest and demanded the consolidation with any PSB. The proposed amalgamation of the cash-strapped LVB with DBS Bank India seems to be a ploy to provide entry of foreign banks into the country in a big way, All India Bank Officers' Confederation (AIBOC) president Sunil Kumar said. The Indian banking sector provides huge opportunity for growth, so the foreign banks have been looking at inorganic route to expand their presence for long, he said.
Telugu Desam Party founder president N T Rama Rao's widow Lakshmi Parvathi was Friday evicted from the house she was living in since 1993.
The Bharatiya Janata Party and Congress on Sunday were set to share the honours in the Lok Sabha and assembly bye-elections in 13 states.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Take this quiz by Lakshmy Ramanathan author of For Bumpier Times: An Indian Mother's Guide to 101 Pregnancy & Childcare Practices and find out.
On a sequential basis, banks have had to set aside a substantial amount for bad loans, up 30 per cent from Rs 3,459 crore in the June quarter to Rs 4,508 crore.
Changing the work 'cheat' with 'treat' can make all the difference.
Rediff readers talk about the special memories they share with their mothers.
Look how these models are spreading the festive cheer.
Joginder Tuteja lists the sequels coming up.
SEWA has the advantage of having been around for the last four decades and the top brands are willing to introduce it to their suppliers in Delhi to get orders.
Counting of votes for the high-profile by-elections to the Kadapa Lok Sabha and Pulivendula constituencies in Andhra Pradesh commenced in Kadapa on Friday morning amidst tight security.
The central theme of Chandamama Kathalu is love and eight different stories portray different aspects of love.
Who are the Bollywood actors making their debut on OTT platforms, the go-to form of entertainment during the lockdown?
What is it like to be canvassing for votes, especially when you want to do it in style? As the general elections inch closer, Shashi Tharoor, the Congress parliamentarian from Thiruvananthapuram, shows us just what it takes to campaign. Here's a glimpse of the 'master of words' out seeking votes and we can't help but wonder if he's schooling his constituents on some new words from the famed 'Tharoor' dictionary.
The Commission on the Status of Women (CSW) is a functional commission of the UN Economic and Social Council (ECOSOC). The 54-member ECOSOC, holding the first plenary meeting of its 2021 session in the General Assembly Hall on Monday, held elections for two seats in the Asia-Pacific States category with Afghanistan, India and China in the fray.
So while the most of us have been taking cover from the seemingly never-ending monsoon, the Instagram feed of the hottest Indian and International models offers us some insight into what these heavenly bodies have been up to.
Turns out, regular exercise and a healthy lifestyle can prevent dementia in women.
The Telugu film industry has its superstars making release announcements in quick succession.
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
He was accompanied by his daughter Isha and son Anant
This Kannada film comes sans a long storyline and wishes to tickle your funny bone through its characters played by Ramesh Arvind, Mohan, Neethu and Nidhi.
A division bench of the high court comprising Justices Sanjib Banerjee and Arijit Banerjee, while hearing a public interest litigation, said that no visitors will be allowed to enter the marquees. For small pandals, barricades will have to be put up five metres from the entrance, while for the bigger ones, the distance has to be 10 metres, the court ordered.
Affluence without conscience, haunted homes and heads, a big fat Punjabi wedding and more on OTT this week. Here are Sukanya Verma's 10 recommendations.
Director M Muthaiah's Komban is an over-the-top rural-based film with too much violence
In the third part of this series, Lakshmy Ramanathan, author of For Bumpier Times: An Indian Mother's Guide to 101 Pregnancy & Childcare Practices, helps you learn more dos and don'ts of pregnancy.
