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.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
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'.
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.
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
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.
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.
The senators also said that Pakistan should end support to terrorism and refrain from taking any steps that could destabilise Kashmir.
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 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'.
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
The judge said the CBI's case became weaker or "forceless" in view of the fact that it did not probe and ruled out the Pakistan angle to the demolition to make the criminal conspiracy charge stand the judicial scrutiny.
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.
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
'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.'
Malik had earlier pleaded guilty to all the charges including those under the stringent Unlawful Activities Prevention Act in a terror funding case.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
The civil aviation ministry had last week suspended all flights between the European country and India from December 23 to December 31 as a mutated variant of the coronavirus was detected there.
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.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
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.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'Employment of dedicated lightweight special forces aircraft may provide the answer for repeat anti-terror air strikes with surprise elements intact, the cost benefit assured and attrition minimal,' says Group Captain Murli Menon (retd), India's former air adviser in Pakistan.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
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 government on Monday issued an advisory for rational use of Remdesivir in COVID-19 treatment, underlining that the anti-viral drug must be advised by senior faculty members directly involved in the patient's care.
Exercise Tiger Triumph -- a full-scale, tri-service beach landing operation -- is a capability India is seeking to build.
Naresh Chandra, former cabinet secretary, diplomat and well-known strategic thinker, tries to explain what the Modi government is up to and assesses what will work and what may not work and why. He spoke to Sheela Bhatt/Rediff.com, also, on diplomatic issues.
Leading hotels are taking all precautions but the unusual service the staff has been pressed into puts them at the forefront of COVID fight.
Billionaire and Mahindra Group chairman Anand Mahindra along with top Silicon Valley investors Naval Ravikant and Balaji Srinivasan are backing space tech start-up Agnikul as part of a new funding round. Chennai-based Agnikul said, on Thursday, that it has raised $11 million in Series A funding round led by Mayfield India. It is the largest funding round for a private Indian space technology company in the country. Existing investors pi Ventures, Speciale Invest and Artha Venture Fund also invested in this round.
The duo were planning targeted killings in various north Indian states on the directions of Khalistan movement leaders sponsored by Pakistan's Inter-Services Intelligence, they said.
What India's top restaurants are doing to satisfy your food cravings.
Captain Bhoopendra Singh had also provided wrong information to his superiors and the police about the recovery made during the staged encounter, the charge sheet filed by the Special Investigation Team (SIT) of the Jammu and Kashmir Police before the chief judicial magistrate in Shopian said.
India should remember that Pakistan-Saudi Arabia relations will remain special due, not least, to bonds of all Muslims with The Holy Land. They would also be strategic enough, irrespective of whether the ambassador is a military man or a career civilian appointee., notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
The migrant workers were walking along the rail tracks apparently to escape the attention of police. A video clip from the scene of the tragedy shows the bodies of migrant workers lying on the tracks and nearby with their meagre personal belongings scattered around.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
HR Guru Mayank Rautela offers practical advice.
Sources claimed that in the meeting, it was also discussed to close the Red fort from 20th January to 27th January and a clarification was sought from Delhi Police.
A homemaker in every family would get a monthly assistance of Rs 1,000, the manifesto said.
