Suitors for Punjab and Maharashtra Co-operative Bank (PMC Bank) may have to infuse additional capital of nearly Rs 750 crore so that the payout per depositor is more than the Rs 5 lakh sum assured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). The Reserve Bank of India (RBI) has also slotted its board meeting on March 19 in Mumbai - a fortnight short of the current deadline to find a resolution for the beleaguered bank and the moratorium placed on it comes to an end. Sources close to the PMC Bank transaction said that the central bank wants the suitors "to go the extra mile so that depositors can get more than the Rs 5 lakh insured by the DICGC". This is also to ensure that the new owners of the bank - who are to be issued a small finance bank (SFB) licence - are serious and have deep pockets.
The two were arrested by the police for allegedly trying to breach peace and posting inflammatory material on social media.
There are seven potential buyers, ranging from the Port Talbot steelworks' management to the UK steel industry investors Liberty House
It is not clear at this stage whether Tata will take up the government's offer of taking a 25 per cent stake in the business.
Ganguly himself faced the heat after allegations of conflict of interest were levelled against him for his dual role as the president of Cricket Association of Bengal (CAB) and mentor of IPL franchise Delhi Capitals.
CoA chief Vinod Rai has made it clear that the CAC comprising Kapil were 'not conflicted'
Earlier this month, former Supreme Court judge Jain had asked Dravid to respond in writing after receiving a complaint from Madhya Pradesh Cricket Association (MPCA) life member Sanjeev Gupta.
The Tata Group had acquired its UK steel operations as part of a 6.7 billion pounds acquisition from Anglo-Dutch steelmaker Corus in 2009.
Rupa Gurunath, the first woman president of a BCCI affiliated unit, is a full-time Director of India Cements Limited (ICL). She has been found guilty of indirect conflict of interest for ICL's close association with Chennai Super Kings Cricket Limited (CSKCL).
Deepa Gahlot lists the most popular Yash Chopra films -- the ones he directed, not produced (yes, so that means no DDLJ) -- that can be watched on OTT.
Several top cricketers are expected to attend the meeting in the presence of at least one Committee of Administrators (CoA) member. They are expected to deliberate on the issue at length.
Scientists have found that much of the Indus civilisation thrived around an extinct river, challenging ideas about how urbanisation in ancient cultures evolved.
Inundated with frivolous complaints in recent times, the BCCI's Ombudsman and Ethics Officer D K Jain has devised a mechanism to ensure that only genuine complaints are entertained.
The Committee of Administrators on Tuesday cleared Rahul Dravid's appointment as Head of Cricket at the National Cricket Academy, ruling that there is "no conflict of interest" case against the former India captain.
Sachin Tendulkar has categorically refuted all allegations of Conflict of Interest levelled against him, claiming to have neither "received any compensation" nor of held any decision-making role in IPL franchise Mumbai Indians.
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.
Happy with her latest move, Indrani departed from Courtroom 51 with a spring in her step. The woman who hopped up into the jail truck was a cheerful one.
The team will be accompanied by six coaches -- Deepali Deshpande, Samaresh Jung, Manoj Kumar, DS Chandel, Ronak Pandit and Ved Prakash -- and two physios.
Bollywood movies have a soft corner for Dil and Pyaar. But its Ram love is no less prolific.
Laxman said the COA has been using the CAC only for selection of senior national coaches despite promising a broader role earlier.
The UK government has promised to put in place measures worth hundreds of millions of pounds to support any rescue deal for the Indian group's UK business.
On his 90th birth anniversary, Sukanya Verma lists 20 of her favourite scenes that reiterate his extraordinary grasp on the language of cinema and connect with the viewer.
The players' group has suggested a few options like having a short-term contract only for the duration of the IPL, so the cricketer is free to do commentary or coaching assignment for the rest of the year.
In an online chat with readers, chef Sanjeev Kapoor shares interesting anecdotes from his culinary journey.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
The Supreme Court on Wednesday acquitted three persons sentenced to varying jail terms for tampering with evidence in the infamous 1999 BMW hit-and-run case, involving former Naval chief Admiral S M Nanda's grandson Sanjeev Nanda.
The British government has been under pressure to help a sale process go through after Tata said it would sell its British business.
Former Punjab and Haryana high court Judge Nirmal Yadav faces trial in the infamous 2008 cash-at-judge's door scam after a special CBI court in Chandigarh on Saturday framed charges against her in the case.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
'This man changed the mindset of a generation.'
Led by a team of scientists of Indian-origin, NASA's Curiosity rover has found new evidence of water on Mars, indicating that the planet most like Earth in the solar system was suitable for microbial life.
Anshu Prakash was allegedly assaulted during a meeting at Kejriwal's official residence on February 19. The police said the chief minister was present when the alleged assault took place.
The October 28 decision of the President rejecting the plea is based on an opinion rendered by the Election Commission, the poll panel said.
Behind each Covid vaccine are hundreds of parents, who had the courage and conviction to come forth with their children for the trial of a vaccine which was, until then, untried in that age group, reports Sindhu Bhattacharya.
Likely to select from 3 shortlisted; follows Sanjeev Kaushik's refusal to take the job if made to retire from IAS
Siddle broke the news to his team mates at the Melbourne Cricket Ground on Sunday after being released from the squad for the third and final Test against New Zealand in Sydney.
Besides a minority stake, the UK and Welsh governments are considering additional grant funding
Dressed in pink, her hands flying about in eloquent gestures, excitement on her face, Indrani made quite a picture. There was pin-drop silence as she made strong points about why nothing in the hearings had uncovered anything against her. She spoke about there being "Not a shred of evidence... No scientific evidence because it didn't happen!"
If you have a question relating to cricket and did not know who to ask, bounce them off to Rajneesh Gupta.
Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid by 1700 hours.
