Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
With Indian cricket bursting at the seams with young talent, the Rohit Sharma-led squad could set the stage ablaze at the upcoming T20 World Cup if the selectors make the "right choices", reckons England's swashbuckling batter Dawid Malan.
'...you evaluate three key factors before committing your money.'
England name nine uncapped players in new squad for series against Pakistan
Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully closed. "This was supposed to be a happy correspondence.
The BCCI urged the fans and media to refrain from speculating about the reason for his forced break. The five-match series begins in Hyderabad on January 25.
Former India seamer Venkatesh Prasad on Friday tendered his resignation from the post of chairman, junior national selection committee, less than a month after the country won the Under-19 World Cup.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.
Latif said India have superior spinners and based on current form, Rohit Sharma's men are favourites for a win on Sunday.
Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking. This week, the National Stock Exchange (NSE) started issuing futures and options (F&O) contracts based on the Nifty Next 50 Index, bringing the total count of index derivatives to five.
All-rounder Dhananjaya de Silva will take over from Dimuth Karunaratne as captain of Sri Lanka's Test side, the country's cricket board (SLC) said on Thursday.
The BCCI on Monday invited applications to replace one among the five senior national selectors and in all likelihood, former pacer Salil Ankola would be the one on his way out as West Zone is already represented by chairman Ajit Agarkar.
Inzamam ul Haq blames ousted PCB Interim Committee chairman Zaka Ashraf for mess in Pakistan cricket
Andrew McDonald backs Mitch Marsh for Australian captaincy
As India took an unassailable 2-0 lead over Australia in the Border-Gavaskar series, a dejected Allan Border opened up on the visitor's loss.
A day after investors of the troubled edtech firm Byju's voted for a leadership change, Byju Raveendran has penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". The note to employees assumes significance as it comes after Byju's shareholders (prominent investors) on Friday voted for removing founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures" at what was once India's hottest tech startup, but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
The court also imposed a fine of Rs 10,000 each, public prosecutor Manuji Upadhyay said in a statement, adding that 32 witnesses were examined along with 220 documents and items.
Shooter Bhowneesh Mendiratta's proposal for financial assistance towards a week-long training camp with foreign coach Daniele Di Spigno has also been approved.
Samson is outdoing his competition, sitting at the fourth spot in the IPL 2024 run charts with 385 runs at an average of 77.00 and a strike rate of 161.08
Real estate investment trusts (Reits) are in talks with regulatory bodies - the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) - to seek changes in regulations that will allow easier access to capital. The Indian Reits Association (IRA) said it has approached the market regulator seeking to get classified as an 'equity' asset, which will open the path for their inclusion in equity indices and also make investment by mutual funds (MFs) easier. The association is also in active discussions with the RBI to allow banks to lend to a Reit.
Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.
Shakib Al Hasan rose to the occasion in a crucial Group D match, scoring an unbeaten 64
Pakistan cricket team's director Mohammed Hafeez is reportedly making a lot of players in the side "restless" and the major reason behind the simmering disquiet is his tendency to hold "long meetings and lectures".
Former Test captain Inzamam-ul-Haq is set to take over as Pakistan team chief selector.
Among other developments, middle order batter Shreyas Iyer will miss the next three Tests due to injury.
The interviews for the rest of the support staff will be held on August 19.
Rauf's central contract may be 'restored'
Pakistan on Sunday appointed former Australia pace bowler Gillespie as coach of the men's Test side
Chaudhry said the BCCI cannot approve an appointment in the current situation.
Being India head coach is one of the biggest assignments in the cricket world, and former Australia head coach Justin Langer believes it could be very exhausting if the timing isn't right for the incumbent.
India will be sending a second string squad for the T20I series in Ireland but a fit-again pace spearhead Jasprit Bumrah is expected to be tested during the three matches in Malahide.
Small and midcap schemes may impose restrictions on redemptions, cap employee withdrawals, and increase the exit load, while ensuring a proportionate liquidation of the portfolio during market crises to safeguard the interests of all investors. These measures have been outlined in the investor protection policies recently put out by mutual fund (MF) trustees. The policies for small and midcap schemes were prepared by MF trustees following directives from the Securities and Exchange Board of India (Sebi) earlier this month.
Who do you think should be part of the Indian team for the T20 World Cup match against Canada?
Shah reiterated the Board's position that Indian players will have to prioritise domestic cricket.
Who do you think should be part of the Indian team for the T20 World Cup match against USA?
'There cannot be anyone like Air Marshal Keelor -- he was so difficult to emulate.' Air Commodore Nitin Sathe (retd) salutes War Hero Air Marshal Denzil Keelor PVSM, KC, AVSM, VrC who passed into the ages last month.
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
'He (Kohli) is one of the best players, and we will plan against him as well'
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