'There can be no bigger compliment than people walking away, carrying the film in their hearts, and thanking you for it.'
'But hey, even lone wolves howl at the moon every now and then, right?'
''The reason I have kept quiet is because all this tamasha will somewhere be read by my small children.'
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
'When you do some job for a few hours, you are hardly earning enough to survive.'
I do have a dream biopic. It has as its subject Renu Saluja, the cosmically gifted editor, with a special focus on the Vidhu Vinod Chopra-Saluja-Sudhir Mishra love story, says Sreehari Nair.
Market benchmarks Sensex and Nifty tumbled 1 per cent on Wednesday amid continuous foreign fund outflows and a weak trend in index majors Reliance Industries and HDFC Bank. The 30-share BSE Sensex slumped 636.75 points or 1.04 per cent to settle at 60,657.45. During the day, it declined 700.64 points or 1.14 per cent to 60,593.56.
India's third-largest pharmaceutical company by revenue, Cipla, is up for grabs in a three-way fight between Torrent Pharmaceuticals, Dr Reddy's Laboratories (DRL) and private equity (PE) giant Blackstone. Analysts say it is more likely for a strategic investor like Torrent or DRL to acquire Cipla than a PE firm, which may not derive healthy returns at Cipla's current market price (CMP) after the recent gains.
The Bombay high court on Thursday quashed the Enforcement Case Information Report' (ECIR) registered by the Enforcement Directorate against Jet Airways founder Naresh Goyal and his wife Anita Goyal in an alleged money laundering case. The central probe agency's ECIR was based on a First Information Report (FIR) registered by police against Goyals for alleged cheating and forgery on a complaint filed by Akbar Travels. After hearing both the sides, a division bench of Justices Revati Mohite Dere and Prithviraj Chavan quashed the ECIR registered on February 20, 2020 and all proceedings against Goyals on the ground of "being illegal and contrary" to law.
In the Sensex pack, Asian Paints, Larsen & Toubro, Titan, IndusInd Bank, Bharti Airtel, Power Grid, Bajaj Finserv, Infosys, HDFC Bank and HDFC were the major laggards. On the other hand, Axis Bank, Tata Motors, ITC, State Bank of India, Tata Steel and Sun Pharma were among the gainers.
Under Urjit Patel, the then RBI Governor, the central bank had a habit of making complete about-turns on various issues, including electoral bonds and digital payments, former finance secretary Subash Chandra Garg said in his book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.' Citing some instances of about-turns by the then RBI Governor Patel, Garg in his book said, RBI had done so on the electoral bond issue and it had so in case of setting up of Payments Regulatory Board (PRB). RBI also made unilateral decisions like ordering complete data localization for participation in the payment system, Garg wrote in the book which will hit the stands on October 1.
Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.
BSE's fresh shot at cracking the derivatives market is off to a promising start. However, Asia's oldest bourse is facing resistance from brokerages with nearly 10 large brokers yet to offer the relaunched Sensex and Bankex derivatives on their platforms. Many brokers maintain that they are working on the back end to enable BSE derivatives on their apps and websites. Some said while volumes are picking up, they are still miniscule compared to bigger rival NSE, which is the most-preferred venue for derivatives trading. Only a few brokers responded to formal queries sent by Business Standard on the issue of allowing BSE derivatives on their platform.
The BSE is planning to reintroduce its Sensex-30 derivatives and is in the process of collecting feedback from members, the MD and CEO of the premier bourse, Sundararaman Ramamurthy, said on Friday. The Sensex-30 derivatives products (options and futures), which were launched in 2000, had failed to generate much interest among investors compared to the rival exchange's Nifty-50 derivatives. "We are trying to reintroduce Sensex-30 derivatives, and have started the consultation process by taking the feedback of market participants," Ramamurthy said at an Assocham-organised event in Kolkata.
The Reserve Bank of India (RBI) has given HDFC Bank six months to migrate HDFC's home loan customers to external benchmark linked lending rate (EBLR), top sources in the bank told Business Standard. Almost half of HDFC's 5.4 million customers are home loan customers. It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark. Non-banking financial companies do not have such a mandate.
'Love, be it between a boy and a girl or your passion for your craft, carries with it no complaints.'
India's headline retail inflation is expected to moderate further in the months to come, as low wholesale inflation will transmit to consumer prices, the Ministry of Finance said in its latest monthly economic review (MER) on Monday. "Inflationary pressures eased in February, with slight moderation in Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation softening to a 25-month low. "With WPI inflation easing, its transmission to CPI inflation is soon expected," the MER for February said.
Uday Kotak has resigned as the managing director and chief executive officer of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday.
M&M was the top loser in the Sensex pack, skidding 3.31 per cent, followed by Reliance Industries, Bajaj Finserv, ICICI Bank, Maruti, Tata Motors and Tech Mahindra. On the other hand, Tata Steel, L&T, Axis Bank, Bharti Airtel and HDFC Bank were among the gainers.
Among the Sensex firms, ITC, SBI, Titan, Power Grid, Larsen & Toubro, Tata Motors, Hindustan Unilever and UltraTech Cement were the major laggards.
Arpita Khan and Aayush Sharma threw a party for Salman Khan at their residence, bringing in his birthday on December 27.
Terming the petitions seeking legal validation of same-sex marriage as one which reflect an "urban elitist" view, the Centre has told the Supreme Court that recognition of marriage is essentially a legislative function which the courts should refrain from deciding.
The pilot of Vishal Bhardwaj's much-anticipated adaptation of Agatha Christie's The Sittaford Mystery is here. Aditya Roy Kapur's hotel manager takes on Anil Kapoor's all-powerful arms dealer. Idris Elba is back in action. Sukanya Verma shares her OTT recommendations this week.
His friends and colleagues attended the funeral to pay their last respects to the fine actor and offer support to his family.
Kotak Mahindra Bank was the biggest loser in the Sensex pack, sliding 2.68 per cent, followed by Tech Mahindra, Mahindra & Mahindra, Axis Bank, Hindustan Unilever, Tata Motors, Tata Consultancy Services, Bajaj Finserv, Bajaj Finance, Nestle and Titan. In contrast, NTPC, Power Grid, Larsen & Toubro, HDFC, Reliance and HDFC Bank were the gainers.
From the Sensex pack, Hindustan Unilever, Asian Paints, Bajaj Finance, Nestle, Bajaj Finserv, Reliance Industries, Larsen & Toubro, Maruti, Infosys and Bharti Airtel were the major laggards.
In the Sensex pack, Mahindra & Mahindra, Tata Steel, Tata Motors, Maruti, Larsen & Toubro, HDFC, HDFC Bank, Tech Mahindra and Bharti Airtel were the major laggards. Asian Paints, Bajaj Finserv, Power Grid, Reliance Industries, NTPC and UltraTech Cement were among the gainers.
Pradeep Bandekar ran into Nawazuddin Siddiqui, Shraddha Kapoor, Rashmika Mandanna on Tuesday.
Now the India Pavilion at Cannes would have to make do without Akshay, while Madhavan and Nawazuddin Siddiqui would happily hog the limelight.
Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as "untrue and baseless." This comes in the wake of news report which said that mining mogul Anil Agarwal is contemplating a stake sale in Vedanta as a last-resort option and is examining the possibility of selling less than 5 per cent of the company. According to company's spokesperson, "Any talk of stake sale in Vedanta Ltd is untrue and baseless."
Even the worst movies have a song, a scene, or a performance that makes all the effort of making a film worthwhile. This one should have been scrapped at script stage, declares Deepa Gahlot.
The role of a banker in the institutional framework is very different than any other kind of institutions, and along with that comes huge responsibility, Uday Kotak said, explaining in the video how he got into banking.
IndiGo has the flexibility to decide what would be the precise size of its aircraft fleet by 2035, its chief executive officer (CEO) Pieter Elbers said on Monday. IndiGo - the country's largest airline - has 312 aircraft in its fleet. Elbers said the airline will double in size by 2030, indicating the airline will have a fleet of about 625 by 2030.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
How is it that tomatoes recorded a price fall in official statistics when it remained unaffordable for the common person in June?
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Market benchmarks fell for third day running on Monday and ended nearly 1 per cent lower amid weak trend in global equities. The 30-share BSE Sensex declined 518.64 points or 0.84 per cent to settle at 61,144.84. During the day, it tumbled 604.15 points or 0.97 per cent to 61,059.33.
'At the policy's maturity, the total premium is refunded.'
An increased brand fee paid by India-listed Vedanta, apart from record dividend, has helped Vedanta Resources (VRL) - the London-based holding company of Vedanta Group - to repay part of its debt. Vedanta paid a brand fee of Rs 2,632 crore ($325 million) for 2022-23 (FY23), according to Nomura report. This was after the Anil Agarwal-owned holding company raised the brand fee to 2 per cent of the turnover for its Indian businesses in 2021.