About 50 per cent of the accounts that availed of the EMI moratorium amid the pandemic, which made things worse in an already slowing economy, are expected to be restructured, and of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, could turn into NPAs.
Harris, 55, who is the first black to be selected as a vice-presidential candidate of a major party, took a trip down the memory lane, mentioning her 'long walks' in Madras (now Chennai) with her grandfather who would tell her about the 'heroes' responsible for the birth of the world's largest democracy.
The designer shared a note explaining how Kamala's victory inspires her.
India's infrastructure financing requirements and the new manufacturing policy being finalised will open up $1 trillion opportunities for global investors over the next five years.
The $8.5 billion TVS Group received final approval for a family resettlement on February 4 from the National Company Law Tribunal (NCLT). It is an arrangement that is noteworthy because unlike many other corporate settlements this one was sorted out amicably and without any open conflicts.
Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
Economic Affairs Secretary R Gopalan indicated the government's finances could go awry if there was a bad monsoon and global crude prices continued to remain high. He said these two factors would play a key role in determining the fiscal deficit.
Kamala and her younger sister Maya are incredibly close.
The government has decided to chalk out a two-year programme to push financial inclusion initiatives by banks to bring it in line with the unique identity plan for the country.
Merger of state-run banks should be done with a view to bring in good synergies, on mutual interests of the concerned entities and government will not compel the consolidation process on individual banks, Financial Services Secretary, R Gopalan said at Bancon conference in Mumbai.
The central bank is reviewing its monetary policy on April 20 and is widely expected to further hike its key rates and/or ratio to rein in rising inflation.
Will she or won't she, is the question that has set social media abuzz. For those wondering, the question is whether or not US Vice President-elect Kamala Harris will wear a sari on Inauguration Day to invoke her Indian heritage.
Harris opened her vice-presidential acceptance speech on Wednesday night at the virtual Democratic National Convention by remembering her late mother, Shyamala Gopalan Harris, lamenting the fact that she could not be there to see her daughter's achievement.
Company has already reached out to its customers and employees
'In 1983, my father T Rama Rao made Andha Kanoon with Rajinikanth.' 'Amitabh Bachchan was reluctant to come on board as a guest star, as Rajinikanth was a southern star.' 'But when my father pitched it to him, he came on board.' 'The movie ran for 200 days.'
The one-of-a-kind broken glass medium used by the artist Simon Berger to create the portrait uniquely embodies Harris' glass-shattering achievement.
In the first address as United States Vice President-elect, Kamala Harris thanked people of the United States "for turning out in record number" and said Americans have ushered in a "new day" for the country.
Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies' linear networks, digital assets, production operations and programme libraries.
Reader Shivakumar Gopalan has sent us this photograph with the stars.
Mumbai developers are battling high inventory.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
In his book The Making of Don, Krishna Gopalan recalls how one of Mumbai's most iconic structures, situated in the queen of suburbs -- Bandra -- added to the exceedingly slick action-thriller's style quotient.
The Chief Metropolitan Magistrate on Monday commenced the process of recording the statement of Dayalu Ammal, wife of Dravida Munnetra Kazhagam supremo M Karunanidhi, in the 2G Spectrum case.
Harris recounted how she and her team got a call that Biden wanted to talk and then got another call where she was told Biden wanted to do a zoom call. She described how she went in "our little makeshift office" and then when the call started Biden immediately asked her to join the ticket. After referring to her mother, Harris also described how husband Doug Emhoff's ear was on the door outside the room listening in on the call. Eventually Jill Biden and Emhoff joined the call with Biden and Harris.
The road will be difficult but I know Joe Biden and Kamala Harris will lead us all together to a better future. I am so proud to share this historical moment with my children. And I invite all Indian Americans to join me, says Rupa Kale.
An influential immigration advocacy group representing Indian-Americans on Thursday urged the Biden administration not to issue the most sought-after H-1B work visa to any individual born in India, till the time the discriminatory country-cap on green cards or permanent legal residency is removed. The current per-country cap on issuing of green cards in the US has resulted in Indian professionals, mostly from the IT sector, having to wait for decades for their legal permanent residency. Issuing new H-1B visas to more Indians would add to this agonising painful wait for green cards, Immigration Voice said in a statement.
An occasional quiz to improve Narendrabhai's grasp of Indian history...
The quaint little village of Perumapalayam near Erode is excited about Indian American, Dr Celine Gounder making it to the United States President-elect Joe Biden's COVID-19 advisory board since she has her roots in it and for her continuing support to its residents.
'We have known each other for the last five years.' 'He patiently waited for me and finally proposed last year.' 'It was beautiful, just the sort of thing I had always imagined.'
Describing the surge of COVID-19 infections and deaths in India as 'nothing short of heartbreaking', Vice President Kamala Harris said on Friday that India's welfare is critically important to the US.
The conspiracy theory about Harris started following a Newsweek Op-Ed by Dr John Eastman, who ran in the Republican primary to be California's attorney general in 2010. Trump did not give his opinion on it but acknowledged that he has heard about such claims circulating on social media that Harris is not eligible to be the president of the United States.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
Rasputin is long-delayed, and not meant for today's times, says Paresh C Palicha.
Ministries seek more discussions, Cabinet defers decision.
In his new Malayalam film Tejabhai & Family.
The sharp decline in rupee against the dollar is a cause of concern and there are expectations that steps would be announced to boost the domestic currency, the finance minister said.
Finance Minister P Chidambaram will soon have to decide whether to stick by his predecessor's choice of former Reserve Bank governor Y V Reddy for chairmanship of the 14th Finance Commission, to be set up next month.
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
After growing at 8.4 per cent for consecutive financial years, economic growth fell to 6.5 per cent in 2011-12, primarily owing to a dismal show by the manufacturing sector, as well as a part of the services segment.
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