The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
The ex-CM said he had the honesty to face the protesters. He said the government should hold a dialogue with locals before coming up with any project.
The 'Pran Pratishtha' of the idol of Ram Lalla -- the childhood form of Lord Ram -- will be attended by people from all walks of life, including representatives of major spiritual and religious sects of the country and of various tribal communities and prominent personalities.
The much-delayed sale of tickets for the ODI World Cup began on Friday but fans had a tough time booking them with the official website not working for a good 35 to 40 minutes.
Consumer durables firms and fashion retailers expect double-digit growth in value terms in the ongoing festival season as consumers have stepped up purchases during this period. They expect to see value sales growth upwards of 15 per cent, which is especially coming in from cities. However, volume growth may lag behind value growth.
Following the procedure, the CBI has re-registered the FIR lodged earlier by the Jalgaon police and later, taken over by the Pune Police on January 5 last year, they said.
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
If any factor regarding the lander module appears unfavourable, then the landing will be shifted to August 27, said the Space Applications Centre-ISRO about Chandrayaan-3 on Monday.
Yuzvendra Chahal might be despondent after the selectors snubbed him for the T20I series against Australia, but the leg-spinner channelised his angst positively with a six-wicket burst against Uttarakhand.
The state government had earlier told the apex court that the Maharashtra Police has punished "delinquent" policemen for dereliction of duties in the alleged lynching incident and sought dismissal of pleas seeking a CBI probe.
The Karnataka high court has said abusive words used against the prime minister was derogatory and irresponsible but it does not constitute sedition, while quashing a case of sedition against a school management.
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
So, if ISRO is able to revive them as the Sun rises on the Moon again, information that is derived from experiments that could once again be conducted by the Chandrayaan-3 payloads would be a "bonus".
BSE's fresh shot at cracking the derivatives market is off to a promising start. However, Asia's oldest bourse is facing resistance from brokerages with nearly 10 large brokers yet to offer the relaunched Sensex and Bankex derivatives on their platforms. Many brokers maintain that they are working on the back end to enable BSE derivatives on their apps and websites. Some said while volumes are picking up, they are still miniscule compared to bigger rival NSE, which is the most-preferred venue for derivatives trading. Only a few brokers responded to formal queries sent by Business Standard on the issue of allowing BSE derivatives on their platform.
Rajkummar Rao and Adarsh Gourav get into the nutty mode easily and carry off the dark comedy without overacting, while Dulquer Salmaan looks bored, observes Deepa Gahlot.
The police in Maharashtra's Palghar district averted potential mob violence against two sadhus in a village after the residents mistook them as child-lifters, nearly three years after three persons were lynched in the district over similar suspicion, an official said on Tuesday.
As scientists at the Indian Space Research Organisation (ISRO) gear up for the much-awaited soft landing of the Chandrayaan-3 spacecraft on the Moon's surface, the space agency may postpone the touchdown to August 27 in the event that health parameters of the lander module are found to be "abnormal", a senior official has said.
India's shuttlers, led by Para World Championships bronze medallist Sukant Kadam, shone at the Peru Para Badminton International in Lima by clinching six gold medals.
Following is the schedule of Indian contingent on day six of the Asian Games:
Rishad Premji, chairman of IT services major Wipro, saw his compensation for FY23 decline by almost 50 per cent year-on-year, due to a fall in the firm's profit. According to the Form 20-F, filed with the US Securities and Exchange Commission by Wipro, Premji's compensation for FY23 was $951,353, down 50 per cent from $1,819,022 in FY22. "Rishad A Premji is entitled to a commission at the rate of 0.35 per cent on incremental consolidated net profits of Wipro Limited over the previous fiscal year. However, in light of the fact that the incremental consolidated net profits for fiscal year 2023 was negative, the Company determined that no commission was payable for fiscal year 2023 to Mr Rishad A. Premji," said the company in the filing.
Priyank Panchal smashed an unbeaten 99 off 69 balls as West Zone coasted to a comfortable nine-wicket victory
Rediff readers tell us how they are celebrating Ganeshotsav this year.
Chavan submitted to the police some video clips in which the Rane brothers, sons of Union minister Narayan Rane, were purportedly seen making the remarks.
It is suspected that detection of alleged irregularities in a fisheries project led to the incident.
The pleas sought a CBI or a court-monitored Special Investigation Team probe in the incident that took place in the Palghar district in April 2020.
Deepa Gahlot lists 10 gangster thrillers on OTT for those who have the stomach for gaalis and gore.
'Given that debt AIFs, by nature, target a higher portfolio return, it is likely to attract investors like HNIs, family offices, etc, looking for a higher yield debt product.'
Rediff readers tell us how they are celebrating Ganeshotsav this year.
"This decision was taken at the recent Apex Council meeting and it will be the same like the way BCCI has it. The modalities will be worked out by the Association's Cricket Improvement Committee (CIC)," a senior MCA official said.
The reason? Price of open cell panels has gone up 15%. One of the main components in the manufacturing of TV sets, open cells contribute to 60%-65% of the manufacturing cost.
India will become the fourth country to master the technology of soft-landing on the lunar surface after the US, China and the erstwhile Soviet Union.
Among the Sensex firms, Bajaj Finance emerged as the biggest gainer by climbing 2.95 per cent. Tata Motors, Bajaj Finserv, IndusInd Bank, Sun Pharma, Mahindra & Mahindra, State Bank of India, Larsen & Toubro, HDFC, HDFC Bank, Maruti, Reliance Industries and Bharti Airtel were the other major winners. HCL Technologies, Axis Bank, ICICI Bank, Tech Mahindra and Titan were among the laggards.
The incident occurred under the jurisdiction of Aron police station, some 160 km from the state capital, around 3 am when the police personnel had gone to nab the miscreants.
The entire process being autonomous when the lander has to fire its engines at the right times and altitudes, use the right amount of fuel, and scan of the lunar surface for any obstacles or hills or craters before finally touching down.
Stars attend the screening of Modern Love: Mumbai, which will start streaming on Amazon Prime Video from May 13.
Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million - the first such deal by a fintech in a small finance bank. Slice (valued at $1.5 billion, and backed by Tiger Global, Blume Ventures and Axis Bank) will technically get a toehold in a scheduled commercial bank if NESF were to get a licence to morph into one down the line Such a transition is well within the banking regulator's declared framework. The transaction has to be seen in a larger context.
'Digesting protein is hard work for the metabolic system. The more natural the protein is, the easier it is to digest,' explains Dr Karthiyayani Mahadevan.
Rediff readers tell us how they are celebrating Ganeshotsav this year.
Vishwajit Rane, who had unsuccessfully lobbied for the CM's post, has been given crucial Health and Town and Country Planning Portfolios along with Urban Development, Women and Child, and Forest departments.
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