According to experts, 'Lakshmi' and the logo 'Godesses Lakshmi' have a lot of value in India and are the biggest driver for the Bank. Retaining the Lakshmi name and logo will help DBS.
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.
An arrested Pakistani terrorist was killed, while three security personnel were injured on Sunday when militants opened fire on a joint search party of the Army and police inside a forest in Poonch district of Jammu and Kashmir, officials said.
'I have saluted thousands of senior officers during my 26 years of service, but saluting my own daughter made me very happy.'
The junior Ambanis - Anmol and Anshul - were inducted on the board to respect the wishes of the shareholders who during the recent AGM asked the management to get fresh blood into the company by bringing them on board.
With Pakistan's powerful army chief Gen Ashfaq Parvez Kayani's term coming to an end in November, names of top generals who are likely to succeed him are being discussed in the political circles and in the corridors of power.
B D Pande was Punjab's governor during Operation Bluestar. In this excerpt from his memoir, In the Service of Free India: Memoir of a Civil Servant, Pande reveals what really went on behind the scenes during those dark days in India's history.
Malik had earlier pleaded guilty to all the charges including those under the stringent Unlawful Activities Prevention Act in a terror funding case.
More than 10,000 police personnel, including 65 assistant commissioners, 200 inspectors and 800 sub-inspectors, will be deployed at strategic locations in the city, deputy commissioner of police (control room) Vijay Patel said. This massive deployment will be in addition to officials of the United States Secret Service, and officials of the National Security Guards (NSG) and the Special Protection Group (SPG), he added.
Friendships are not merely severed, but built over scuffles. And just about anything can stir things up -- a long-standing feud, a pointless stare, a disrupted moral stance, a fist that ricochets off a face and smacks another face in the near vicinity, observes Sreehari Nair.
The chief minister took the decision in a high-level review meeting held for examining the shortcomings in the probe and the findings of the court, said an official statement.
A hunt has been initiated for a male suspect, who is believed to have gone on a stabbing spree, starting at Constitution Hill in Birmingham.
'We look forward to providing great customer experiences in India.'
'We have tried to get in touch with the embassy as well as the Ministry of External Affairs. We have not heard from them yet but I am confident that the government must be putting efforts for our safe and quick evacuationfrom Kabul'
As state-level leaders tried to placate Sidhu, he made it clear through the video that he was in no mood to budge on his 'principles'.
The resolution, drafted by France and Tunisia, 'demands a general and immediate cessation of hostilities in all situations on its agenda and supports the efforts undertaken by the Secretary-General and his Special Representatives and Special Envoys'.
A special aircraft of the Indian Air Force was sent on Saturday to bring back the Indian diplomats, officials and other staff members including a group of Indo-Tibetan Border Police personnel.
The DGP told reporters Gagandeep Singh, 31, who was dismissed from service in 2019, had gone to the washroom of the courts complex to assemble the bomb and plant it somewhere.
There is no better way to address the security threat emanating from ISIS and other terrorist groups in Afghanistan than by co-opting the Taliban, asserts Ambassador M K Bhadrakumar.
Dhankhar, 68, who was Union deputy minister of parliamentary affairs in 1990-91, quit the Congress in 2003 and became a member of the Bharatiya Janata Party.
Given the costs, you would need to be a high-value target for a government agency to spend this sort of money, points out Devangshu Datta.
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
The government reserved all jobs in J-K for the domiciles -- people who have stayed there for at least 15 years. On Wednesday, while laying down the rules for domiciles, the government had reserved jobs up to Group 4 only.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
The ongoing arguments in the case remained inconclusive and would continue on August 5
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
Passengers, who do not have the app installed on their mobile phones, might be asked to do so after their arrival at the station.
The funeral incorporated hymns and readings chosen by the late royal himself and focussed on the "unwavering loyalty" of the longest-serving consort in British history to his wife, the monarch, and service to Britain and the Commonwealth.
'One of R&AW's greatest achievements is in projecting itself as benign.' 'This work -- done in tandem with the Diaspora and the MEA -- sells a story of India as mostly the victim.'
As India's international role expands, so must our capabilities, says Brigadier Gurmeet Kanwal (retd).
There is growing acceptance of the idea in the international community that engaging the Taliban government is a far better approach than ostracising it, observes Ambassador M K Bhadrakumar.
The Centre has ruled out door-to-door vaccination of people and said the inoculation will be done at identified COVID Vaccination Centres, both government and private, registered on COWIN for 'good, germane and rational reasons'.
Specially designated global terrorist Sirajuddin Haqqani, who carries a reward of $10 million US bounty on his head, is the acting interior minister while his uncle -- Khalil Haqqani -- has been named as acting minister for refugees.
The Madras high court judges made it clear that they raised the question about lockdown as citizens of the state and the city in the interest of the public and were not initiating any public interest litigation (PIL) proceedings suo motu (on its own).
HR Guru Mayank Rautela offers practical advice.
The American Association of Physicians of Indian Origin will attend the Pravasi Bharatiya Divas in Delhi with an agenda to develop a plan to bring together AAPI, NGOs and the government to provide access to affordable and quality health care. Aziz Haniffa reports
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