Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
Political sources say Modi is 'keen' on getting the NCP (SP) over to the Mahayuti to counter Eknath Shinde's 'demands' and to act as a cushion against his present allies, Nitish Kumar and N Chandrababu Naidu, 'in case their relationship became untenable'.
Wipro has once again chosen to bet on an insider who has grown through the ranks to lead the company. Srini Pallia has spent over three-decades at Wipro and it's the only company he has ever worked with. Till now, Pallia was heading the Americas-1 unit.
For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent. This will be powered by India's demographic dividend, technological innovation, and sectoral transformation, according to the "India@2047: Transforming India Into A Tech-Driven Economy" report by Bain & Company and Nasscom. By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing a pivotal role in economic expansion.
The Delhi government has announced that vehicles older than 15 years will be denied fuel at petrol pumps starting April 1.
A summary of Saturday's action in Ligue 1, LaLiga and Bundesliga.
India might move away from having three different captains for three formats. Instead, the selectors are leaning towards a structure similar to Australia's, where Pat Cummins leads the Test and ODI teams while being supported by a strong vice-captain.
Put into bat, Abhishek's onslaught propelled India to their highest powerplay score of 95 studded with 16 boundaries.
In a statement, the Chinese ministry of commerce said that it would file a lawsuit with the World Trade Organisation against the US for its "wrongful practice," the Global Times reported.
Shreyas Iyer feels the Mumbai batter can touch the deserved heights if he "gets his work ethics right."
'I do not think we have heard the last of that yet.'
Simplifying investment policies at the micro level and introducing a time-bound framework will be critical for India's growth targets, notes Krishna Ella.
Jannik Sinner set his sights on mastering clay and grass courts to make himself a complete player
The Supreme Court of India has sought a response from the Election Commission of India (ECI) regarding pleas seeking verification of burnt memory and symbol loading units in Electronic Voting Machines (EVMs). The court directed the ECI to refrain from erasing or reloading data during the verification process and to explain the procedure adopted for verification. The bench also expressed concerns over the high cost of verification and directed the ECI to reduce the fee. The court's directive comes following its previous judgement where it allowed aggrieved candidates to seek verification of EVMs.
Shahid's heft is the only thing that keeps up the momentum in a mediocre rehash, dumbed down by flimsy motive and mindless bravado, sighs Sukanya Verma.
Corn cooked up with colocasia leaves or arbi ka patta is a Maharashtrian special.
The ideal candidate should be deaf to avoid being shocked by the so-called 'shocking revelations' from the dressing room, asserts K R Nayar.
Union minister Jitan Ram Manjhi threatened to resign from the cabinet, alleging that his Hindustani Awam Morcha was not getting a fair deal in the NDA ahead of the Bihar assembly polls. Manjhi, the lone MP of his party, said he wanted 40 seats for his party in the upcoming elections, adding that he was not pursuing any personal ambitions but seeking a better deal for the "Bhuiyan-Musahar" Dalit community.
Sukanya Verma celebrates the icon and his imagery in 23 super special Aamir Khan frames etched in her head.
A total of 17 places are being covered in the two neighbouring states by the Jharkhand office of the federal probe agency.
Mumbai Indians will be looking for an ideal playing eleven to end their five-match losing streak when they take on Lucknow Super Giants in the IPL match in Mumbai on Saturday.
As the US gets tougher with visas, the prayers of US-bound devotees in India are getting more fervent, and their purse strings looser. Called Visa Hanuman temples (there are half a dozen all over India), some of them ask for a 'fee'.
The upcoming Union Budget to be presented on February 1 is likely to assume a nominal gross domestic product (GDP) growth between 10 and 10.5 per cent for FY26, a Business Standard poll of 10 economists showed. The first advance estimates released by the National Statistics Office (NSO) had estimated a nominal GDP growth of 9.7 per cent for FY25. Nominal GDP, calculated at current market prices, factors in the effect of inflation. It is used as the base to calculate crucial macroeconomic indicators, such as fiscal deficit, revenue deficit, and debt-to-GDP ratio.
Trump knows by now that the western narrative of Biden's war is a load of bullshit peppered with falsehoods and outright lies, and that the war erupted only out of the diabolic western plot to poke the bear, which got provoked finally and hit out, explains Ambassador M K Bhadrakumar.
A man wanted by the Enforcement Directorate in a 'cash-for-votes' case-linked money laundering investigation in Maharashtra has been apprehended at the Ahmedabad international airport, official sources said on Wednesday.
Caught by Wicket-keeper Alex Carey after edging a Pat Cummins delivery, Rohit's shot selection and technique highlighted the technical difficulties Pujara believes stem from his batting position shift.
Pace spearhead Kagiso Rabada produced an inspired bowling performance to lead MI Cape Town to their maiden SA20 title with a comfortable 76 runs victory over two-time champions Sunrisers Eastern Cape in the final at the Wanderers in Johannesburg on Saturday.
Since Suryakumar took over as captain last year, India have hardly put a wrong but his own form has dipped.
Indians have topped the number of illegal immigrants from Asian countries caught at land, sea, and air checkpoints of the US since 2022.
The patient, a 25-year-old woman who had the chronic condition for over a decade, was able to naturally regulate her blood sugar some two and half months after undergoing the minimally invasive surgery, the Shanghai-based Chinese news outlet, The Paper reported. According to the report carried by the Hong Kong-based South China Morning Post, the surgery took just half an hour.
Rohit emphasised the importance of keeping net sessions private to maintain focus and strategise effectively.
Images from the first One-Day International between India and England in Nagpur, on Thursday.
Stokes' comments on the over rate came after both England and New Zealand were fined three points each from their World Test Championships tally
The communal violence in Sambhal that claimed four lives and left over 20 people injured has now sparked a debate over a purported rivalry between the Turk and Pathan communities, with political and administrative figures weighing in on the cause of the unrest.
Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. India's smartphone industry is a 'Make in India' success story, with 2023-24 production reaching $49.2 billion and exports at $15.6 billion, making smartphones the fourth-largest export after diesel, aviation fuel, and polished diamonds.
Chicken mince, arbi, mushrooms and bok choy in one neat package. Delicious!
With a heavy downpour preventing the resumption of play after the break, the match was abandoned and the series remains locked at 1-1.
The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.
'It's been over a year now since I made some comments about the over-rates to the match referee and umpires, and to this day we're yet to hear any response back from the ICC.'
Benchmark Sensex advanced 110 points in a choppy trade on Wednesday, extending its gains to the fourth day in a row helped by buying in HDFC Bank, ICICI Bank and fresh foreign fund inflows. The 30-share barometer rose by 110.58 points or 0.14 per cent to settle at 80,956.33 with 14 of its constituents ending with gains and 16 stocks with losses. During the day, it jumped 399.64 points or 0.49 per cent to 81,245.39 and dipped to a low of 80,630.53.
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