Tamil Nadu -- often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem -- is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
The decision to adjourn the meeting was taken after it was learnt that COA had sought Supreme Court directions on who all are eligible to be BCCI's representative in ICC meetings.
Greg Barclay not to opt for third term, all eyes on BCCI secretary Jay Shah
Suresh Raina is like a "son" to him but Chennai Super Kings owner Narayanswami Srinivasan on Wednesday said the all-rounder's return to the side this IPL season after an unanticipated pull out would be decided by the team management led by skipper Mahendra Singh Dhoni.
Former Board of Control for Cricket in India president Narayanswami Srinivasan on Friday rejected Dilip Vengsarkar's claims that he was responsible for the ex-India captain's removal as chairman of selectors, calling the charge 'completely false, motivated and without any basis'.
Corporate bond issuances fell by around 22 per cent in August, despite easing yields as issuers delayed raising funds awaiting the US Federal Reserve to start cutting interest rates from this month. Corporates and financial institutions expect yields to fall further and borrowing costs to become cheaper, said market participants. The US Fed is widely expected to cut interest rates by 25 bps in the 17-18 September meeting, marking the start of a downward interest rate cycle.
A number of non-banking financial companies (NBFCs) have tapped into the debt capital market ahead of the festival season to meet increasing credit demand as bank funding slows. On Tuesday, Aptus Value Housing Finance secured Rs 300 crore at an interest rate of 8.75 per cent through bonds maturing in five years. ICICI Home Finance Company turned to the market to raise Rs 275 crore at 7.94 per cent, alongside another Rs 300 crore at 7.95 per cent, through bonds maturing in five and three years, respectively.
The country's largest private sector lender HDFC Bank on Saturday said it will grow its loan book slower than the industry in the current financial year (FY25). The move comes as the lender looks to bring down its elevated credit - deposit (CD) ratio to pre-merger levels. "We will bring down the CD ratio faster than what we had anticipated.
Former Board of Control for Cricket in India chief and current International Cricket Council Chairman Narayanaswami Srinivasan was on Friday unanimously re-elected President of the Tamil Nadu Cricket Association.
The liquidity will move into deficit after advance tax payments and GST outflows. It will rebound in October because of government spending.
"At the moment Mr Srinivasan is the BCCI representative to the ICC and we have no issues with that," the former South African player said on sidelines of a function in Mumbai.
Former Board of Control for Cricket in India president AC Muthiah bit the dust in the Tamil Nadu Cricket Association elections as Board treasurer N Srinivasan and his team made a clean sweep, winning all the posts. Srinivasan and Kasi Viswanathan were re-elected as the president and secretary respectively of the Association in its 78th Annual General Meeting in Chennai.
Six state associations wrote to the BCCI's acting president CK Khanna, saying that protocol had not been followed while convening the Special General Meeting in New Delhi.
Newly-elected ICC Chairman Jay Shah on Tuesday said he will look to ensure that Test cricket forms the "bedrock" of the game in his tenure during which he will also try to "dismantle barriers that have hindered cricket's progress".
Jay Shah will take over as the next chairman of the ICC in December after he emerged as the sole nominee for the high-profile job
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
The attendance of former Board of Control for Cricket in India chief Narayanaswami Srinivasan and ex-secretary Niranjan Shah at a recent Special General Meeting (SGM) of the cricket body as a nominee of state cricket associations today came under close scrutiny of the Supreme Court.
The crucial meeting will mark N Srinivasan's return as BCCI president after nearly two months since stepping aside pending an internal inquiry into the spot-fixing episode that rocked the sixth edition of the Indian Premier League.
As CSK gears up for the IPL 2024 season opener, attention remains focused on Dhoni's successor.
CAB secretary Aditya Verma wrote to BCCI President Jagmohan Dalmiya, questioning N Srinivasan's election as TNCA President and his proposed presence at the ICC Board meeting as BCCI representative.
'Surreal effort, and superhuman at times.'
Shashank Manohar and N Srinivasan on Tuesday retained unopposed their posts of Cricket Board president and secretary respectively with the closing of nominations ahead of Wednesday's 81st AGM.
International Cricket Council chairman Narayanswami Srinivasan on Monday withdrew the application for perjury against Board of Control for Cricket in India secretary Anurag Thakur after the matter came up for hearing before the Supreme Court.
Aditya Verma, the petitioner in IPL spot-fixing case, has termed outgoing Board of Control for Cricket in India president Shashank Manohar as a "power hungry backstabber" who has failed to keep his promise of cleaning up the game.
The introduction of tax deducted at source (TDS) on income from central government securities and state bonds may not lead to a significant effect on retail participation, according to market participants. The Union Budget proposed that starting October 1, 2024, investors may face a 10 per cent TDS on investments in central government securities and state development loans (SDLs). "Last Budget, TDS on interest on securities was reintroduced.
The Board of Control for Cricket in India's decision to form a committee for implementing the Lodha Panel reforms was specifically done to foil former president Narayanswami Srinivasan's attempts to maintain 'status quo' in the Board after he rejected the adoption of a resolution at the Special General Meeting in Mumbai on Monday.
Aditya Verma, the petitioner in the IPL spot-fixing scandal, has claimed that BCCI's President-in-exile N Srinivasan committed contempt of court by attending the Asian Cricket Council meeting.
N Srinivasan's days as BCCI president seem to be numbered as a faction within the Board is planning to initiate suspension proceedings against him if he refuses to step down in the aftermath of the IPL spot-fixing scandal that has thrown Indian cricket into disarray.
Former Board of Control for Cricket in India president Narayanswami Srinivasan on Sunday had to backtrack after initially suggesting that a notice be sent to the International Cricket Council for reducing India's revenue share from $570 million to $293 million.
A top source said that Dhoni met Srinivasan over breakfast and was at the ICC Chairman's residence for close to 45 minutes. After he left, BJP leader Subramanian Swamy met Srinivasan.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
'So, I mean, look, I know Dhoni quite well and I hope he hasn't changed, but I know Dhoni is probably not one to look at reams of data and statistics.'
Rupa Gurunath, daughter of former Board of Control for Cricket in India chief Narayanswami Srinivasan, was elected unopposed as president of the Tamil Nadu Cricket Association on Thursday. She is the first woman to head a state unit of the Indian cricket board.
N Srinivasan, regarded as the world's most powerful cricket administrator, has been confirmed as the ICC's first chairman after constitutional changes to the governing body were passed at the annual conference in Melbourne on Thursday.
'India mattered to him and he wanted to matter to India.'
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
The Supreme Court on Monday expressed unhappiness over Narayanswami Srinivasan's participation in a Board of Control for Cricket in India meeting in Chennai on February 8.
'With passage of time, Kamal did move away from the humdrum of commercial cinema, using it only as a peg to launch a new concept or new technology, as no other actor/film-maker has done in Indian cinema.' N Sathiya Moorthy assesses the career and politics of movie legend Kamal Haasan on his 70th brthday.
International Cricket Council (ICC) chairman N Srinivasan yet again represented India at the governing body's board meeting that concluded in Dubai on Tuesday as the newly-elected Board of Control for Cricket in India president Shashank Manohar skipped the proceedings.
Overseas fundraising by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from international investors amid improving liquidity conditions and reduced hedging costs. Indian companies raised ~32,619 crore through overseas bonds in the first half of 2024, surpassing the total amount raised via such instruments in the entire 2023, which stood at ~31,218 crore, according to PRIME Database. In comparison, ~45,237 crore was raised in 2022 and ~1.05 trillion was secured in 2021.
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