The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman. Nand Kishore, who was serving as an executive director, has been made the managing director, according to the company. In the wake of financial misdoings coming to light, the corporate affairs ministry had superseded the board of IL&FS in October 2018.
Over 150 people were injured, including eight seriously, in a fireworks accident during a temple festival near Neeleswaram in Kasaragod late Monday, police said.
The Maharashtra Assembly elections witnessed the continued influence of political dynasties, with prominent families retaining their strongholds across the state. The Thackareys and the Ranes emerged as dominant forces, securing victories in various regions. The Rane brothers, Nilesh and Nitesh, won in Sindhudurg, while Uday and Kiran Samant secured victories in Ratnagiri. In Mumbai, Aaditya Thackeray retained his Worli seat, while his cousin Varun Sardesai won in Vandre East. The results underscore the enduring power of family connections in Indian politics.
Perhaps because the Modi government had some differences of opinion with two of the economist governors (one of whom was appointed by the Manmohan Singh government), there is a view that its political leadership prefers a civil servant to head the RBI, notes A K Bhattacharya.
As many as 190 people have died and over 200 injured in the massive landslides that hit Wayanad district two days ago, with the numbers expected to increase even more as rescuers unearth debris, the district administration said on Thursday.
Of the ruling alliance Mahayuti, NCP ministers Dilip Walse Patil and Chhagan Bhujbal filed the papers for Ambegaon and Yeola seats, respectively, while their cabinet colleague from the BJP
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Maharashtra recorded a voter turnout of 58.22 per cent till 5 pm on Wednesday in the elections to the 288-member state legislative assembly, with Gadchiroli district logging more than 69 per cent voting, poll officials said.
'Dr Rajan is often preachy with commandments aimed at nobody in particular,' complains M S Sriram.
You can e-mail your pictures to getahead@rediff.co.in (My Lord Ganesha Pix) with your name, location, details about your Lord Ganesha and what this festival means to you. We will publish the best entries right here on Rediff.com.
Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the "war against inflation" is never over. "Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
Quite a few film folk and politicians attended the funeral of veteran actor Atul Parchure, who died on October 14 after a long battle with cancer. He was 57.
Gandhiji asked me if I had sufficient warm clothes in view of the coming cold season. I said yes. But he verified my statement by asking Miraben to search my bag to make sure. Such was Gandhiji.
Both she, and her fashion choices, are as cute as a button.
Land, houses and other infrastructure facilities required for the rehabilitation procedure would be constructed at the earliest, the authorities said.
Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.
On Monday, April 29, 2024, Aditya Thackeray, the Shiv Sena (Uddhav Balasaheb Thackeray) MLA, embarked on a roadshow for Rajan Vichare, the sitting MP and party candidate for the Thane Lok Sabha seat.
Amid concerns over minorities being targeted in India, former Reserve Bank governor Raghuram Rajan on Thursday cautioned that an 'anti-minority' image for the country can lead to loss of market for Indian products and may also result in foreign governments perceiving the nation as an unreliable partner. India enters the perception battle from a position of strength, the professor at Chicago's Booth School of Business said, alluding to credentials like democracy and secularism, but warned that this battle is "ours to lose". The comments came a day after bulldozers tore down several concrete and temporary structures close to a mosque in Jahangirpuri as part of an anti-encroachment drive, days after the northwest Delhi neighbourhood was rocked by communal violence.
Indians' belief in the country's economic future has diminished in the recent years, with the COVID-19 pandemic taking a further toll on sentiment while pushing many middle-class citizens into poverty, former RBI governor Raghuram Rajan has said. Virtually addressing an event organised by the NALSAR University of Law, Rajan further said the domestic stock market is booming but that does not reflect the reality that many Indians are in deep distress.
Local residents have stressed that land acquisition for rehabilitation must be completed promptly, as it has been delayed after estate owners challenged it in the Kerala high court.
As heavy rains continue to lash Kerala, the India meteorological department on Friday issued an orange alert in eight districts in Kerala for Friday.
The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday. Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic. Generally, a K-shaped recovery will reflect a situation where technology and large capital firms recover at a far faster rate than small businesses and industries that have been significantly impacted by the pandemic.
Between tons of sexual innuendo and Kapil Sharma brand of slapstick gags characterised in loud caricatures, moronic behaviour, flimsy wigs and cartoonish rhythm, Vicky Vidya Ka Woh Wala Video's jarring notions of exuberance have nothing novel to offer, groans Sukanya Verma.
The argument that India is going towards a 'Hindu rate of growth' is "ill-conceived, biased and pre-mature" when weighed against the respective data on savings and investments, said SBI Research in its Ecowrap report. The term Hindu rate of growth was coined by economist Raj Krishna in 1978, which denoted the economic growth of about 3.5-4.0 per cent in terms of GDP during 1947-1980. "India's quarterly sequential Y-o-Y GDP growth has been in a declining trend in FY23.
The new visa-free regime allows travellers to stay for up to 60 days instead of only 15 earlier.
In the first Chennai Test against Bangladesh, Pant scored a magnificent century and returned to Test side with a bang.
Several people are still feared trapped in the debris after a series of landslides that occurred in Chooralmala and Mundakkai of Wayanad.
Politicians from the Left and the Congress party in Kerala have rallied behind Malayalam superstar Mammootty, who is facing online harassment from certain right wing sympathisers in connection with his 2022 film, Puzhu.
Gangster Chhota Rajan, arrested in Bali on Monday and who is likely to be extradited to India, was not one to forgive or forget easily. Mumbai's foremost crime writer S Hussain Zaidi recalls the time when Rajan was almost killed in an attack by his rival Chhota Shakeel, and how Rajan extracted revenge across continents.
Rajan said the government focussed more on fulfilling its political and social agenda rather than paying attention to the economic growth.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
A special Central Bureau of Investigation court in Mumbai has accepted the closure report filed by the probe agency against jailed gangster Chhota Rajan in a case of attempt to murder of a noted journalist in 1997.
Observing that it is not yet clear to him what the government means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
'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.
Shraddha Kapoor recently confirmed her relationship status when she posted her thoughts about Rahul Mody.
'20 per cent of the global AI researchers are of Indian origin, and we should bring them back.'
Former Reserve Bank of India governor Raghuram Rajan said that Rs 65,000 crore is required to help the poor affected by the coronavirus-induced lockdown. He also laid stress on the need to restart the economy while taking precautions.
Even though the NIA claims that more than 90 per cent of cases charge-sheeted have ended in conviction, the figure is likely misleading. To date, very few cases investigated by the NIA have resulted in a completed trial, points out former CBI joint director Navneet Rajan Wasan.
The Badlapur school, where two young girls were allegedly sexually abused, preferred to cover up the crime instead of helping their parents file a police complaint, said Susieben Shah, chairperson of Maharashtra State Commission for Protection of Child Rights, on Wednesday.
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