Expressing concern over the situation in Afghanistan, a group of eminent persons, including former ministers K Natwar Singh, Yashwant Sinha and Mani Shankar Aiyar, on Wednesday urged the government to continue engaging with the Taliban and not allow any political party to use the developments in that country to communally polarise Indian society for electoral gains.
Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process. Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of 20 stressed banks except PMC Bank. For the first lot, the mandatory 90 days period concludes on November 30.
The remarks by China's deputy permanent representative to the UN, Geng Shuang, came during an emergency meeting of the Security Council on the situation in Afghanistan on Monday after the sudden and rapid takeover of the Afghanistan government by the Taliban insurgents.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
Amid chants of Buddhist scriptures, Nepal PM K P Sharma Oli on Monday offered prayers at an ancient temple in Kathmandu to mark the reconstruction of five heritage sites demolished by last year's deadly earthquake.
As chief minister of Gujarat, he said he had offered to take the responsibility of reconstructing areas surrounding the temple when the tragedy had struck in 2013, killing thousands of people.
At least 20 FIRs were registered in connection with stone-pelting during rallies held in protest against the Tripura communal violence in five districts of Maharashtra and 20 persons were arrested, police said on Saturday.
The Competition Commission of India (CCI) on Tuesday said that the proposed additional stake buy in United Breweries (UB) by Dutch major Heineken does not raise any competition concerns, effectively clearing the deal. In its order, the CCI said, "It is submitted that the proposed transaction does not give rise to competition concerns regardless of delineation of the relevant market for the purpose of this filing." UB is the country's largest beer company, while Heineken is the world's second-largest brewer after Anheuser-Busch (AB) InBev.
There are, as its name suggests, 12 handis to choose from. Each time you eat this delightful, non-vegetarian mix and match, its bountiful flavours amazingly erupt inside your mouth!
Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.
Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.
The report said that collaborative efforts should be taken to renovate Terri Mandir (Karak), Katas Raj Temples (Chakwal), Prahlad Mandir (Multan) and Hinglaj Mandir (Lasbela).
'Generic skills are in abundance, but technological advancements have left staple skills redundant.' 'It is why employers are now looking for alternate sources of hiring -- deploying gig workers, looking at Tier 2 and Tier 3 cities for relevant talent.'
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
The shutdown has been complete in not only major cities like Kohima, Dimapur and Mokokchung, but even smaller towns such as Tuli, Jalukie, Pfutsero, CNCCI president Khekugha Muru told PTI.
"Unfortunately, while homage was paid to the photos of Bapu, and he found mention in speeches for many years, Khadi, handicrafts, use of swabhasha and swadeshi were forgotten. After becoming the prime minister, Narendra Modi gave a new lease of life to all these ideas of Bapu," Shah said.
The RBI rejection is a second blow to BoB - the lead bank of both companies -- after a Delhi high court order on August 18 stayed a move by BoB and the entire consortium of lenders to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing.
Runners are to pass through all 47 of Japan's prefectures in the relay lasting 121 days, as originally planned, the news agency said.
"We appeal to the officials of past governments to return to their country as we will give them full protection of their lives. We are faced with the huge task of rebuilding and reconstruction of war-ravaged Afghanistan," he said.
Processes are at an advanced stage for a number of assets of the Centre and central public sector enterprises (CPSEs) to be monetised. The assets include office space, apartments, factories, land, power transmission assets, sports stadia, gas pipelines, and telecom assets.
The meeting came days after Nepal Prime Minister K P Sharma Oli telephoned his Indian counterpart Narendra Modi to greet him on India's 74th Independence Day, in the first high-level contact after bilateral ties came under severe strain following issuance of a new political map by Nepal in May.
"China and the Afghan Taliban have unimpeded and effective communication and consultation," Chinese Foreign Ministry spokesman Wang Wenbin told a media briefing in Beijing.
There were Vedic mantras engraved along with prayer songs for Lord Shiva, Lord Rama and Lord Krishna. Neither the government nor the people of Faisalabad demanded that the carvings be removed. I felt very happy to see Sanskrit shloka
Greeting the jawans on the occasion, the prime minister said their devotion to duty in the remote icy heights, is enabling the strength of the nation, and securing the future and the dreams of 125 crore Indians,
The Union Cabinet has cleared a proposal to provide Rs 30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans, Finance Minister Nirmala Sitharaman said on Thursday. The proposed bad bank or NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts. The government guarantee would be invoked if there is loss against the threshold value.
Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Mexican baking major Grupo Bimbo for an undisclosed sum.
Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.
The senior Congress leader was in a coma since October last year, when he was admitted to AIIMS after he suffered a brain haemorrhage.
Liverpool forward Sadio Mane, who is also out of contract at the end of next season, told Sky Sports he would address his future after Saturday's final.
On April 25 2015, a massive earthquake in Ghorka, Nepal, followed by another devastating one on May 12, killed nearly 9,000 people and injured over 21,000. More than 600,000 homes were damaged or destroyed. Two years later, the paved alleys are still lined by the skeletons of homes once filled with families. Children carefully side-step piles of broken brick on their way to school. According to data available, barely 5 per cent of the destroyed houses have been rebuilt, according to the National Reconstruction Authority. That 800,000 families still do not have their houses rebuilt is simply a disaster.
With the Bharatiya Janata Party governments in both states, Uttarakhand and Uttar Pradesh on Thursday reached an agreement on the division of their assets and liabilities, pending since their partition 21 years ago.
A three-member inquiry commission on the encounter killings of four suspects in a case of gang-rape and murder of a veterinarian (named changed as Disha) in Hyderabad in December 2019 revealed that the firing by the police personnel was deliberate.
Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings. The board of Sebi, which met on Tuesday, also gave its nod for amending Foreign Portfolio Investor (FPI) regulations and introducing a provision for appointment or re-appointment of any person, including as a managing director or a whole time director or a manager, who was earlier rejected by the shareholders at a general meeting. Once the amended norms are in place, such appointments or re-appointments can only be done with the prior approval of the shareholders.
Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18.
Modi and Deuba discussed ways to strengthen ongoing cooperation and develop new areas in the multifaceted bilateral partnership.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
I don't think Rahul Mukerjea once referred to Sheena as killed or murdered and always referred to it as her disappearance. It felt like he still used the word 'disappear' because killed had a finality to it that he didn't want to face.
The scene was recreated late on Friday night, in which Waze was asked to walk there for some time wearing a white kurta.
The ministry of corporate affairs (MCA) has launched a probe into the books of Edelweiss Asset Reconstruction Company (EARC) following allegations by a whistleblower of fund diversion and irregularities. The whistleblower, Paras Kuhad, a former additional solicitor general of India, had written to the Prime Minister's Office and the Reserve Bank of India (RBI). Kuhad has alleged that Edelweiss Group and Caisse de depot et placement du Qubec (CDPQ), a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did not adhere to norms while making investments in EARC's instruments. Sources have indicated that a probe has been initiated, but the MCA did not comment on the issue.
In a significant policy statement on the Taliban which is making big gains in its offensive in Afghanistan, China has asked it to make a "clean break" from all terrorist forces, especially the Al Qaida-backed Uyghur Muslim militant group ETIM fighting for the volatile Xinjiang province's independence.
