Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
The Bentayga can go from a standstill to 100 km/hr in 4.5 seconds, and, if you can keep your foot down, the speedometer will climb all the way to 290 km/hr!
The event was held in Mumbai on Friday.
Ultra-luxury carmaker Rolls-Royce plans to sell about 10-12 units of the Rs 3.5 crore 'Phantom' in the Indian market this year and is also planning to launch a new convertible model codenamed 'RR02' in 2007.
Private jets are the must-have toys of the super rich.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
Ambassador has been the people's car, the politician's car, and the India's Rolls Royce all rolled in one.
The IAF is down to 34 squadrons. This will dip to 30 squadrons by the end of this decade, as nine squadrons of MiG-21 and MiG-27s retire.
Calling India an important partner of the United States, US Representative Ed Royce and George Holding in their letter to House Speaker John Boehner have said that the United States has no more an important partner in South Asia than India.
The decision cuts the order book for the European company's newest jet, which is due to enter service in around six months' time, by around 10 per cent.
Bollywood's A-list actresses and the big cars they cruise in on Mumbai roads!
Tough times have made car manufacturers think hard about which brands to keep and which to discontinue.
In the changed circumstances and attitudes in Britain, we must let bygones be bygones, argues Colonel Anil A Athale (retd).
The star made a splash at Grazia Young Fashion Awards 2015
The US president puts Pyongyang back on list of state sponsors of terrorism for first time since 2008.
It behooves US to encourage integration of India into the Asia-Pacific, says US Congressman Ed Royce.
'India should exit Hubristan and stop patting itself on its back for 5 years of rapid growth, and all the Rolls Royces, BMWs and private jets owned by its billionaires, and instead focus on the urgently needed reforms to get GDP growth back in the 7 to 8 pc range and higher,' says Ram Kelkar.
The super-luxury Mulsanne will hit the Indian roads in October 2010 at a price of Rs 2.9 crore (Rs 29 million).
The superstar, the realist, the father - Shah Rukh Khan presents different sides of himself.
David Moyes, who spent 11 years keeping a reliable old family saloon roadworthy with spare parts and loose change, has now got the keys to a huge red footballing Rolls Royce loaded with cash.
Narendra Modi will be the first leader to address a joint session of the United States Congress during US House of Representative Speaker Paul Ryan's tenure.
The United States House of Representatives on Thursday passed by unanimous consent House Resolution 775, a legislation condemning the horrific massacre that killed six Sikh worshippers and priests at a gurudwara in Oak Creek, Wisconsin on August 5.
With a combination of both physical and virtual exhibition, the 13th edition of the biennial international event at Air Force Station Yelahanka will be the world's first hybrid aerospace show.
Despite the rupee fluctuations, the coveted brands have lined up a record number of launches.
World over, BMW cars are considered to be royal, pristine and very refined.
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
US lawmaker recalls the sad irony of hearing news about the massacre of innocent Sikh worshippers in Wisconsin while he was on his way to address concerns of the community regarding hate crimes at a gurdwara in Walnut, California.
There has been no official announcement from either the White House or the Prime Minister's Office in New Delhi.
United States Secretary of State Hillary Clinton has said conditioning aid to Pakistan unless it cracks down on the Lashkar-e-Tayiba -- responsible for the horrific 26/11 Mumbai terror attacks -- is untenable at the present time.
Nigel loves luxury. A big golf enthusiast he also likes to run, play squash and drive his classic sports cars.
North Korea's foreign minister accused President Trump of declaring war against his country.
An influential Republican lawmaker has vowed to hold United States President Barack Obama's feet to the fire regarding his pledge during his address to the Parliament to pressure Pakistan to dismantle terrorist havens within its borders that foment attacks against India.
The Chevening Rolls-Royce Science and Innovation Leadership Programme, a programme for mid-career Indian professionals working in the fields of science, innovation and related public administration has been launched.
Introduced by Congressmen Joe Crowley and Edward Royce, the resolution recognises India's booming democracy, acknowledges the many contributions of the Indian-American community to American society, and calls for a renewed effort to strengthen the relationship between the two countries
With the nomination, 55-year-old Harris, who has many firsts to a trailblazing career starting with an attorney from California, would break another glass ceiling in US politics.
The first day of Couture Week was one helluva star-studded affair. Check out the celebs who made an appearance!
The safety warning was issued before the arrival of Australia's Transport Safety Bureau's preliminary report which is looking into the engine failure of Qantas flight QF32 last month.
