Crisil Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook to 'positive' from the earlier 'cautiously optimistic'. The rating agency said the credit ratio, which illustrates the number of upgrades to downgrades, rose to over 2.5 times in the first four months of the fiscal, as compared to 1.33 times in the second half of FY21, it said in a statement. The rating agency said it has also done a study of 43 sectors, excluding the financial sector, accounting for 75 per cent of the overall Rs 36 lakh crore in outstanding debt, which shows that the current recovery is broad-based.
Assam's first Arjuna Awardee sprinter Bhogeswar Baruah has criticised the state government's sports policy, saying it is not taking enough initiatives to identify and nurture talent in rural areas.
Those three wickets for six runs, in a manic final 15 minutes of the day's play, undid all the good work that had gone before, asserts Prem Panicker.
Private sector bank board members have urged the Reserve Bank of India (RBI) top brass to consider workload management of the boards as they feel there are too many issues that go to the boards for approval and the situation becomes unmanageable at times. The views were conveyed to the regulator on Monday in a conference of directors of private sector bank boards on the theme "Transformative Governance Through Sound Boards". RBI governor Shaktikanta Das, deputy governors Swaminathan J and M Rajeshwar Rao, and other senior officials of the central bank participated in the conference.
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
Images from Day 2 of the second Test between India and New Zealand at the Maharashtra Cricket Association Stadium in Pune on Friday.
Padukone said it's high time that players learn to withstand pressure, take responsibility, and deliver results after receiving significant support from the government.
The four wickets that India prised out in the third session, on balance, swung the game back in their favour, says Prem Panicker .
External Affairs Minister S Jaishankar on Saturday said the breakthrough agreement with China on patrolling along the Line of Actual Control (LAC) does not mean that issues between the two countries have been resolved, however, the disengagement allows us to look at the next step.
In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.
A release issued by the MEA said the meeting was attended by the heads of delegations of Fiji, Republic of Kiribati, Republic of Marshall Islands, Federated States of Micronesia, Republic of Nauru, Republic of Palau, Independent State of Papua New Guinea, The Independent State of Samoa, Solomon Islands, Kingdom of Tonga, Tuvalu and Republic of Vanuatu.
A product of the 1942 Quit India movement, a Gandhian and a Socialist who remains closely connected with grassroot movements, Dr G G Parikh remains a familiar figure in Maharashtra.
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
Amazon Pay UPI has crossed 100 million customers, with the online platform used mainly for e-commerce transactions, utility bill payments and mobile recharges, the company announced on Monday.
Boland credited his intense rehabilitation for getting him back in the national reckoning.
Here are some of the glimpses of his visit.
After Australia ended the third day on 12 for 3, Josh Hazlewood, their leading pacer, conceded that his team stares at a big defeat and it would need a miracle to save the match.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
Dhoni endorses 42 brands to Bachchan's 41 and SRK's 34.
It was a proper Test innings, it was of the highest class, and given the circumstances it came in, it was one of the best innings by an Indian batsman in recent memory, applauds Prem Panicker.
External Affairs Minister S Jaishankar on Saturday credited the breakthrough agreement with China on patrolling along the Line of Actual Control to the military which worked in 'very very unimaginable' conditions and deft diplomacy.
Bangladesh pacer Taskin Ahmed on Friday admitted that losing too many wickets in the first 10 overs of their first innings against "world class" Indian bowlers has put his side on the backfoot in the opening Test against India in Chennai.
India's Arshdeep Singh is in the race for the ICC Men's T20I Cricketer of the Year along with Pakistan's Babar Azam, Zimbabwe's Sikandar Raza and Australia's Travis Head, the ICC revealed on Sunday.
Funds for capital recast of rural credit societies
Shubman Gill believes that revisiting all the technical work that he did before the five-Test series against England earlier this year helped him find his bearings during an impressive knock of 90 on a rank turner that has put India in an advantageous position against New Zealand in the third and final Test in Mumbai on Saturday.
India men's hockey team captain Harmanpreet Singh has two Olympic bronze medals in his cabinet, but rues missing out on World Cup glory.
According to highly placed sources, the finance ministry is likely to extend ECLGS and other loan guarantee schemes for micro, small and medium enterprises (MSMEs), hospitality and tourism sector, and the health infrastructure beyond March 31, Business Standard has learnt. This is likely to be announced by Finance Minister Nirmala Sitharaman as part of her Budget speech on February 1.
The government on Thursday said it has extended the Emergency Credit Line Guarantee Scheme (ECLGS) to the health sector and 26 other sectors identified by the Kamath Committee. The National Credit Guarantee Trustee Company Limited (NCGTC) has issued the operational guidelines for implementation of ECLGS 2.0 scheme, the finance ministry said in a statement. The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package.
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
'Once I got my first wicket, that built up my confidence. Fortunately, I was able to take six wickets.'
Mehmood and R D Burman shiver, wail and flail when they encounter a stuffed tiger that wags its tail, furniture that moves on its own volition and dancing skeletons and mummies. Dinesh Raheja revisits a must-watch.
Bank credit is likely to grow at a four-year high of 11-12 per cent in fiscal 2023, on the back of better economic growth and budgetary support from the government, according to a report. In the fiscal ended March 2022, bank advances have likely grown at 9-10 per cent. "Healthy economic growth and budgetary support from the government should lift bank credit growth by 200-300 basis points to 11-12 per cent this fiscal," Crisil Ratings said in the report. The higher credit growth expectation is also supported by the improved resilience of the banking system, it added.
'It is truly unfathomable how this kid would come from a country with no chess culture and not only become World Champion, but inspire generations of Indian kids to push chess forward. The legend, @vishy64theking!'
RSS chief Mohan Bhagwat's visit to a mosque and his meeting with the head of an organisation of imams were not a deviation from the outfit's line, its senior leader Indresh Kumar said on Friday.
IMAGES from the fourth and deciding T20I played between South Africa and India in Johannesburg on Friday
Iglesias was born in Mali with albinism, a genetic condition that inhibits the production of melanin which pigments the skin, hair and eyes. Albinism impairs her visual perception by 90%, but thick corrective eyewear allows her to see around 20%.
The US is currently Earth's most powerful country and a certain latitude of understanding -- a world view -- is popularly expected from its leadership. From a country identified with freedom, constitution, debate, democracy and the likes of Abraham Lincoln even as it had the most powerful military around, the US, following Trump's actions, seemed repositioned as militarily powerful with other qualities secondary, observes Shyam G Menon.
Manchester City defender John Stones headed a controversial stoppage-time winner in a 2-1 victory at Wolverhampton Wanderers on Sunday that took them top of the Premier League and set a club record of 31 league games unbeaten.
At this point it is still anyone's game, with a draw also an option, says Prem Panicker in his analysis of Day 4.
The Himachal Pradesh Congress on Monday challenged Mandi MP Kangana Ranaut to prove her allegation that the state government took loans and diverted the money to Sonia Gandhi, failing which it said it would file a defamation case against her.
