It is important for India to develop multiple launch sites and become capable of undertaking more launches in a year's time, says Ajey Lele.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
Vodafone Idea's (Vi's) search for a lifeline has turned longer and tougher even as it continues to lose customers and delay vendor payments. Vi's much-needed Rs 1,600-crore fundraising plan got stuck due to the government's silence on picking up a proposed 33 per cent equity in the financially stressed telco. The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion, including hefty dues to the government.
'India has demonstrated that if tomorrow, any enemy country that has a lot of satellites threatens it, India can (bring them down).'
Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".
Jaffer took to Twitter to vent out his frustration.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
"When captain Sourav Ganguly was banned from the Rajkot game due to the over rate penalty, Madan asked me to try and convince Borde to give Sehwag a chance. I persuaded Borde to include him in the XI. Borde agreed only on the condition that I take up the entire responsibility by saying he could not be contacted. I agreed. Sehwag is still playing," Lele said.
'There were two options before the government -- create a complex, cumbersome law, which will cause a tremendous amount of compliance challenges for startups or say let's go back and do a clean slate, where we do a framework of laws and policies'
Arjun Tendulkar, son of cricket icon Sachin Tendulkar, was named in Mumbai's Under-19 squad for the sixth All India Under-19 J Y Lele Invitational One-Day tournament, in Vadodara, starting September 16. Mumbai will be led by Suved Parkar.
Two talented Indian designers showcased their collections at the ongoing London Fashion Week 2017.
Once ISRO masters the technology to send humans into space, the next step will be experimenting with technologies allowing humans to live in space.
Shooting is underway for Amitabh Bachchan's Goodbye, Shah Rukh Khan's Pathan, Salman Khan's Tiger 3 and Prabhas and Saif Ali Khan's Adipurush among other films.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
The Hague Code of Conduct against Ballistic Missile Proliferation is a toothless mechanism, but it may well end up serving India's interests, says Ajay Lele.
GSLV-MK III, which uses a homegrown cryogenic engine, has to do at least two more launches before it begins commercial operations, report Raghu Krishnan and T E Narasimhan.
Apart from Thackeray, Council Deputy Chairperson Neelam Gorhe (Shiv Sena), four candidates of the Bharatiya Janata Party -- Ranjitsinh Mohite Patil, Gopichand Padalkar, Praveen Datke and Ramesh Karad; Nationalist Congress Party's Shashikant Shinde and Amol Mitkari and Congress's Rajesh Rathod were in the fray for the nine seats, which fell vacant on April 24.
With the launch of GSLV-MK III, slated for April, it will be able to cater to bigger satellites as well.
The success of the PSLV-C34 mission is a result of ISRO's professionalism and the hard work put in by their scientists over the last many decades., says Ajay Lele.
Arjun Tendulkar, the son of cricket icon Sachin Tendulkar, has been selected to represent Mumbai in the 5th Late Shri J Y Lele All India Under-19 Invitational One-day tournament.
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
Former India opener Navjot Singh Sidhu walked out of India's 1996 cricket tour of England because he thought his captain, Mohammed Azharuddin, was constantly abusing him, a new book by former Board of Control for Cricket in India secretary Jaywant Lele claims.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
The chairman of India's largest bank on why he would like to forget the first six months of his stint and the steps he has taken to revitalise the institution.
Although such alerts are not compulsory for the banks, this may become the norm now if payments are missed even for a day.
The duo were reportedly shooting together for film-maker Shashank Khaitan's Dharma Productions film Mr Lele.
'The financial sector's performance in the first two quarters was a revelation.' 'It clearly showed the clean-up had been done in the past one-and-a-half years and that capital brought in was significantly stronger.'
Vietnam is a key player in India's act east policy under Prime Minister Narendra Modi. From India's perspective, a strategic partnership with Vietnam will only deepen political, economic, and security ties and be a bulwark against China, say Melissa S Hersh and Dr Ajey Lele
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
SBI says the downgrade will not hurt the bank that much.
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
The Congress' top leadership realises the former cricketer's utility and mass appeal. His oratory skills and ability to whip up mass hysteria in election rallies is acknowledged as an asset
'I hope the trend is sustainable and that economic activity accelerates going forward.'
India skipper Mahendra Singh Dhoni did not have much to say about Sachin Tendulkar's captaincy but said it's good to have a "genius" like him in the side.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances