Dr. Vece Paes laid to rest as Ganguly, Tirkey join mourners in funeral procession
Nitin Gadkari said AI will be used to detect landslides, waterlogging and accident-prone spots on highways, while highlighting logistics cost cuts and road safety initiatives
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
The mortal remains of legendary hockey player Leslie Claudius will be kept at Rabindra Sadan in Kolkata for public veneration on Sunday afternoon followed by his funeral at the Lower Circular road cemetery but there would not be state honour for the three-time Olympic gold medallist.
Olympians and dignitaries of the state government today bid their final adieus to legendary hockey player Leslie Claudius whose mortal remains were laid to rest at the Lower Circular Road Cemetery in Kolkata.
"Meet me on the 15th (of May) and I will remind you of what I told you today: We are going to form the eighth Left Front government," Communist leader Biman Bose tells Kanchan Gupta
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Prasad's daughter Misa Bharti and a former general manager of the Railways have also been named as accused in the chargesheet filed before a special CBI court recently, they said.
Buried in a Kolkata cemetery is an Englishman who served India well during her struggle for freedom. Charles Freer Andrews was a benevolent force that neither the Indians, nor the British could ignore.
'When one was with Mother, one realised you were with somebody who was the nearest person to God.' 'She must have been God incarnate.'
The Central Bureau of Investigation (CBI) on Monday questioned former Bihar chief minister Rabri Devi at her Patna residence and has issued notice to her husband and former railway minister Lalu Prasad Yadav in connection with the further probe in the land-for-jobs scam case, officials said.
Chevrolet Spin will likely be powered by a Fiat-sourced 1.3L diesel engine
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
It should be clear to all that flyovers don't solve urban traffic problems, says Subir Gokarn.
The regulator is more carefully scrutinising applications by infrastructure investment vehicles that have a limited number of investors. They have been asked to broaden their investor base before application approval, according to two people familiar with the matter. The Securities and Exchange Board of India is concerned about the structure being used for getting around tax requirements, according to one of the sources.
Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take inherent risks while investing, says Hitesh D Gajaria, partner and head of tax, KPMG in India.
There is a lot of police action on the ground and even inter-state movement has been stopped, because of which deliveries of essential items via platforms, such as Flipkart, Amazon, Grofers, and Milkbasket, aren't happening. Food-delivery firms -- Swiggy and Zomato -- are facing similar challenges, according to the sources.
Indian Army officers, serving and retired, will tell you that the one thing that makes the Indian soldier singularly unique is his josh and jazba.
RC390 is the perfect city bike for India says Kunal Kelkar
'We believe 2017 could see higher flows from foreign institutions as money comes back to growth markets like India.'
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
This week was the first time Peter and Indrani appeared in court no longer married, footloose and fancy free once again, even if in jail.
We drove in Italy what will be Mercedes-Benz's most affordable drophead offering in India - the new C-Class Cabriolet!
'My wife has done everything... She has had to give up a lot,' HRD Minister Prakash Javadekar tells Sahil Makkar.
When Prime Minister Narendra Modi recently extended a Rs 8,000-crore (Rs 80 billion) central support for building roads in Jammu & Kashmir, Union Cabinet's approval for the big-ticket announcement came in barely 48 hours.
Thanks to a well-sorted chassis and Renault's motor, the car induces confidence in the driver to take it for a faster spin
A glance back at some important events that occurred in 2018.
'Unni swung up his MP5 and fired a burst across the atrium. The bullets hammered into the wall. Then he bounded up the stairs leading to the other set of doors opening into the Palm Lounge. It was a terribly risky move because he didn't have a buddy to cover him.'
Vernon Gonsalves, who spent nearly six years in jail after being labelled a Naxalite by the security agencies, recounts in detail his arrest, the case against him and his future plans in an exclusive interview.
Indian economy about to take-off
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