All real estate developers may not be able to avail the benefit of Reserve Bank of India's one-time restructuring scheme as they might not meet the required financial ratios and have the necessary credit rating, HDFC vice chairman and CEO Keki Mistry said. He was speaking at a real estate and infrastructure investor summit organised by Naredco. "Restructuring may not necessarily help every developer because not too many will be able to meet the criteria laid down in terms of meeting the various ratios and getting credit ratings," Mistry said.
Mallikarjun Kharge was on Wednesday elected the Congress president after defeating Shashi Tharoor in an electoral contest, the sixth in the party's 137-year-old history.
A non-Gandhi is set to become the Congress president after 24 years.
While Kharge is considered the firm favourite with his perceived proximity to the Gandhis and a large number of senior leaders backing him, Tharoor has pitched himself as the candidate of change.
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
Having successfully executed the merger with parent HDFC, HDFC Bank's managing director and chief executive Sashidhar Jagdishan on Saturday said the country's largest lender aims to double every four years. In a letter to the over 4,000 employees from HDFC who joined the bank's rolls on Saturday, Jagdishan said the future is bright, and the work on realising the potential of the merger starts now. "The runway for financial services and mortgage, which are so underserved and under penetrated, is going to be very large. HDFC Bank - the combined entity - with a large and growing distribution and customer franchise, more than adequate capital, healthy asset quality and profitability, will be best positioned to capture growth.
The Delhi Police on Tuesday asked ride hailing firm Uber to verify past records of drivers before onboarding them and suggested that the company put a mechanism in the cab to check their alcohol consumption levels. While speaking at the safety feature launch event of Uber, Delhi Police additional commissioner Mahesh Chandra Bharadwaj said that drunken driving has been a major factor in case of rule violations. "If a driver is drunk then you should have some kind of mechanism to know that your driver is drunk. We test drunk and drive through the alcohol meter.
Tata Sons shareholders have approved a resolution to have separate chairpersons for the company and its largest shareholder -- Tata Trusts. An amendment to the articles of association (AoA) of Tata Sons, which sought to prevent a single person heading Tata Sons as well as Tata Trusts simultaneously, was passed at the company's annual general meeting (AGM) held on Tuesday. With the special resolution being passed with requisite majority of 75 per cent at the AGM, it will now be legally binding for Tata Sons and Tata Trusts to have separate chairpersons.
The ATS stated this in its chargesheet filed in a local court last week against five PFI members who were arrested last year for allegedly indulging in unlawful activities and waging a war against the country.
For those having any 'fear or doubt' in their mind, Tharoor said, the party has made it clear that it will be a secret ballot.
Capital markets regulator Sebi on Tuesday decided to gradually phase out buyback of shares by companies through the stock exchange route to address the drawbacks associated with the existing mechanism. Sebi chairperson Madhabi Puri Buch said the regulator has chosen the tender offer route for share buyback as the present mode is vulnerable to favouritism. "This is a glide path and will lead to the phasing out of the present buyback mode (through stock exchange route)," she told reporters after its board meeting in Mumbai.
Rajesh Karkera/Rediff.com heads to south Mumbai to discover why Kitab Khana is considered one of the best bookshops in the world.
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
A bench of Justices BR Gavai and Vikram Nath was told by the Centre in its application moved by additional solicitor general Aishwarya Bhati that a status report in this regard will be filed before the court within six months on the basis of the advice of the experts on the tanslocation of Asiatic lions from Gir to Kuno.
He also asked why anyone seeking to contest the Congress president's election should go to the PCC office to get the electoral roll as this does not even happen in a club election.
Senior Congress leaders Mallikarjun Kharge and Shashi Tharoor will face-off in an electoral contest on Monday for the post of All India Congress Committee chief, as the party gets set to have a non-Gandhi president in over 24 years.
Kharge or somebody else, whoever becomes the chief, he will only be a face to show, Sushil Modi said.
Prime Minister Narendra Modi on Thursday said there was a competition among Congress leaders as to who will use the most abusive words against him, referring to the opposition party president Mallikarjun Kharge's 'Ravan' jibe at him.
Pictures of the navy chief doing push-ups with cadets soon went viral on social media, wowing netizens.
'And he was really trying just to do the best by the shareholders, and by the laws of India.'
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
Manish Tewari, Prithviraj Chavan, Anand Sharma and Bhupinder Hooda are the members of the pro-reform G23 group who wrote a letter to party's interim president Sonia Gandhi.
'I would like to see Kharge include Shashi in the Congress Working Committee.' 'The other alternative is that the Congress will marginalise him.'
The Mumbai police's probe in this respect was "at variance" with its probe, the central agency said in the charge sheet.
The Congress' central election authority on Thursday issued a notification for the All India Congress Committee president polls, setting the ball rolling for electing the successor to the longest-serving party chief Sonia Gandhi.
No one from the Gandhi family was present at the All India Congress Committee headquarters when the leaders filed their nominations for the election.
Congress leader Shashi Tharoor on Monday claimed he has the support of party workers from across the country for his bid to fight the AICC president polls.
Modi had said he receives "2.5-3 kg" of abuses everyday, but he turns the harsh remarks into positive energy.
Hectic preparations were underway at the Congress headquarters for the ceremony where party president Sonia Gandhi will hand over the baton to her successor, Mallikarjun Kharge, the first non-Gandhi to head the outfit in 24 years.
With a pathological liar and poseur at the centre of the show and in practically every frame, one can't help but wonder what the makers were thinking, notes Deepa Gahlot. Good Bad Girl Review
The real estate sector had been going through a rough phase even before the COVID-19 crisis, marked by falling sales and piling up of inventories.
Speaking to the media, Gehlot, who is in Kerala to take part in the Bharat Jodo Yatra, said, "I said earlier that I will request him (Rahul Gandhi) to accept this post when all the Congress Committees are passing resolutions in this regard. He made it clear that no one from the Gandhi family will become the next chief. He said he has decided this due to some reasons, a non-Gandhi family member will become the party chief."
"No problem is insurmountable," Shaheen Mistri tells Anjuli Bhargava.
Sanket Mistry shares his experience of being a new dad.
Soon after the Supreme Court of India upheld all the appeals filed by the Tata group and set aside the order of the National Company Law Appellate Tribunal reinstating Cyrus Mistry as group chairman, Ratan Tata, chairman emeritus of Tata Sons and chairman of Tata Trusts, took to Twitter to share his views.
The Securities and Exchange Board of India's (Sebi's) board on Wednesday allowed foreign portfolio investors (FPIs) to trade in exchange-traded commodity derivatives. The move, it said, "will enhance liquidity and market depth, as well as promote efficient price discovery." Overseas investors will only be allowed to deal in non-agricultural commodity derivatives and only cash-settled contracts.
Since he lives locally, Harish Patel is one of the luckier migrant workers in Surat - in that his employer was able to squeeze in a single shift for him at the weaving unit in Kamrej in Gujarat - unlike others who went home for Holi and other festivals just as the second wave of the Covid-19 pandemic was waxing and ended up stranded in local lockdowns.
A strict enforcement of seat belt norms for rear passengers would be more effective than making an alarm go off when people do not belt up, according to officials at car manufacturers. Their comments came a day after Nitin Gadkari, the Union minister for road transport and highways, announced that seat belt alarms would be made mandatory for passengers in the rear seat of a car. "We have taken a decision that there will be a provision that the car seat belt alarm should beep when the rear seat rider is not wearing a seat belt. "We will impose fines if rear seat riders are not wearing seat belts.
It is a reinforcement of the principles and forthrightness that prevails in our judicial system, which should make all of us proud of our country and its democracy.
However, Gehlot, said he will make one last-ditch effort to convince Rahul to take up the party president's post.
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