The Cabinet has cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore so that it can leverage around Rs 3 trillion from the markets in a few years to provide long-term funds to infrastructure projects as well as for development needs of the country. To put it in perspective, Rs 3 trillion constitutes slightly less than 3 per cent of the Rs 111 trillion to be spent on over 7,000 projects in the National Infrastructure Pipeline from 2019-20 to 2024-25. Besides, the government will give Rs 5,000 crore as grant to the institution, Finance Minister Nirmala Sitharaman on Tuesday told the media after the Cabinet meeting.
Both the teams lost their opening matches but bounced back into reckoning after producing two of the tournament's biggest upsets so far.
Vinil Mathew talks about his journey from advertising to Bollywood with Hasee Toh Phasee featuring Parineeti Chopra and Siddharth Malhotra.
Heaping praise on Lahiru Thirimanne for his match-winning hundred against Pakistan in the final Sri Lanka captain Angelo Mathews said the youngster is find of the tournament for them.
Ambati Rayudu slammed his maiden hundred as India produced yet another comprehensive batting performance to ease past Sri Lanka by six wickets in the second One-Day International, in Motera, Ahmedabad, on Thursday.
ONGC was the top laggard in the Sensex pack, dropping 5.80 per cent, followed by PowerGrid, HCL Tech, TCS, Tata Steel and Reliance Industries.
Angelo Mathews moved to within 15 runs of a maiden Test century as Sri Lanka steadily extended their first innings lead against Australia in the third and final Test on Sunday.
West Bengal Chief Minister Mamata Banerjee has moved the Supreme Court challenging the Calcutta high court's denial for filing of affidavits by her and state Law Minister Moloy Ghatak on their role on the day of arrest of four Trinamool Congress leaders on May 17 by the Central Bureau of Investigation in connection with the Narada sting tape case.
Sri Lankan cricket and the island's once-powerful side arrive at the World Cup struggling for form under a newly appointed captain who has played a single One-day international since 2015.
Dhananjaya de Silva's heroic hundred and Roshen Silva's gallant, unbeaten 74 helped secure Sri Lanka's morale-boosting draw in final Test against India, who won the three-match series 1-0 on Wednesday.
Did Virat Kohli deserve to be replaced as India's ODI captain? Rajneesh Gupta presents all the numbers.
It was just a tad slower than the 3:15.71 clocked by the Indian team while winning gold in the Asian Games last year.
IT major Infosys on Tuesday showed the door to Abraham Mathews, CFO of its BPO subsidiary, for not complying with the code of conduct, while CEO Gautam Thakkar has resigned taking responsibility on moral grounds.
Hinting that their ace pacer Lasith Malinga may miss their ICC World Twenty20 Super 10 opener against Afghanistan, Sri Lankan skipper Angelo Mathews on Wednesday said they are yet to get a 'yes or no' about his availability. "We are yet to get yes or no from physio. He will have net session tomorrow. We will test his bowling on Thursday and will wait. "He bowled a couple of overs with short run-up. He will bowl with full runup tomorrow and we will take a call," he said. Concerned about his slow recovery from knee injury, the 2014 World T20 winning skipper handed the captaincy baton to the ODI and Test skipper Mathews just ahead of the tournament.
Mathew Ryan asked his family if anyone wanted to come and watch him play in the World Cup in Russia, there was an enthusiastic response - from 27 of them.
A lowdown on what's going on in the Malayalam film industry.
Sri Lanka took an 80-run lead despite Shaheen Shah's five-star effort on Day 2 of the 2nd Test in Karachi.
End of chopping and changing has brought stability to white ball tea, says Pakistan captain Sarfraz
The row over premature retirement of former NCLAT Chairperson Justice Ashok Iqbal Singh Cheema ended in the Supreme Court on Thursday as the Centre conceded, permitting him to continue in office till September 20 to pronounce verdicts.
Five images from last week's action in Europe for you to savour.
Sri Lanka captain Angelo Mathews weathered a fiery spell of reverse swing bowling from Dayle Steyn to take his team past the follow-on mark on the third day of the first Test against South Africa on Friday.
South Africa need five wickets on Friday to secure victory in the first Test after Sri Lanka provided dogged resistance and were 240 for five at stumps on the fourth day at St George's Park in Port Elizabeth.
Besides Priyanka Chopra-Farhan Akhtar's The Sky Is Pink, it will also see the premiere of Geetu Mohandas' Malayalam film, Moothon.
Avishka Fernando and Kusal Mendis scored centuries as Sri Lanka crushed the West Indies by 161 runs in the second One-Day International in Hambantota on Wednesday to clinch the series. Chasing 346 for victory, the West Indies were bowled out for 184 in 39.1 overs, wrist spinners Wanindu Hasaranga and Lakshan Sandakan taking three wickets each.
The 35-year-old mother, an Indian-American registered nurse, was arrested on Thursday after her attorney took her to the Richardson police station.
A dominant Indian team is expected to maintain its stranglehold on a miserable Sri Lanka and wrap up the three-match series when the two mismatched teams face off in the second Twenty20 International in Indore on Friday.
The police had arrested and forwarded a boy to the remand home after the victim alleged he had raped her in Parsudih, on the outskirts of the steel city, a couple of days ago following which the girl was admitted to the hospital by the police.
India would look to continue their ruthless streak
All-rounder James Faulkner became the sixth Australian cricketer to claim a hat-trick in one-day internationals, achieving the feat in the second match against Sri Lanka on Wednesday. The 26-year-old left-arm bowler got his first wicket when he trapped Kusal Perera leg-before with the final delivery of his eighth over.
Images from Day 2 of the Pink-ball first Test between Australia and India, in Adelaide, on Friday.
Skipper Angelo Mathews and opener Kaushal Silva hit half-centuries to help Sri Lanka take a 166-run first innings lead against Pakistan and push for a series-levelling victory on day two of the second Test on Friday.
Tillikaratane Dilshan eased to his 19th One-day International century to anchor his side to a six-wicket victory over New Zealand in the second game of their seven-match series at Seddon Park in Hamilton on Thursday.
Supreme Court judge Justice Aniruddha Bose on Tuesday recused himself from hearing appeals of West Bengal Chief Minister Mamata Banerjee and state law minister Moloy Ghatak about their role on the day of arrest of four TMC leaders by the CBI in the Narada sting tape case.
Veteran Indian batsman Suresh Raina on Tuesday said Mahendra Singh Dhoni's leadership turned Chennai Super Kings into arguably the most decorated franchise in the history of the Indian Premier League. Raina said every move Dhoni made as a captain was "spot on."
Four batsmen scored half-centuries to take Sri Lanka to 411 for six on Day 1 of their two-day warm-up against Board President's XI in Kolkata.
Sri Lanka named a 16-member team for the upcoming Test series against India with uncapped 23-year-old fast bowler Vishwa Fernando the only fresh face picked by the national selectors.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The film is based on well-known writer Paul Zachariah's novel of the same title.
Sean Williams scored a sparkling century as Zimbabwe profited from a docile wicket to reach 352 for six
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
