A number of non-banking financial companies (NBFCs) have tapped into the debt capital market ahead of the festival season to meet increasing credit demand as bank funding slows. On Tuesday, Aptus Value Housing Finance secured Rs 300 crore at an interest rate of 8.75 per cent through bonds maturing in five years. ICICI Home Finance Company turned to the market to raise Rs 275 crore at 7.94 per cent, alongside another Rs 300 crore at 7.95 per cent, through bonds maturing in five and three years, respectively.
BCCI President N Srinivasan has rejected accusations that the Indian Cricket Board censors commentators employed by it, insisting that it does not "interfere with the freedom of the press".
Of course, director Thankar Bachan has not made any such confession yet.
The company's stock price has appreciated at a compound annual growth rate of 18.3 per cent, the lowest among all industry peers.
The liquidity will move into deficit after advance tax payments and GST outflows. It will rebound in October because of government spending.
While it is all but certain that beleaguered BCCI president N Srinivasan will have to step down from the president's post, paying heed to the popular demand from the affiliated units, it is learnt that the Tamil Nadu strongman wants three of his demands to be met before he quits.
Beleaguered BCCI President N Srinivasan will eventually have to step down as the choice before him is to go out honourably or exit unceremoniously in the wake of the IPL spot-fixing scandal, former Board Secretary Jaywant Lele said on Thursday.
The Board of Control for Cricket in India (BCCI) tood firmly behind its embattled president-in-exile Narayanaswami Srinivasan, who is also chairman of the International Cricket Council.
The country's largest private sector lender HDFC Bank on Saturday said it will grow its loan book slower than the industry in the current financial year (FY25). The move comes as the lender looks to bring down its elevated credit - deposit (CD) ratio to pre-merger levels. "We will bring down the CD ratio faster than what we had anticipated.
Newly-elected ICC Chairman Jay Shah on Tuesday said he will look to ensure that Test cricket forms the "bedrock" of the game in his tenure during which he will also try to "dismantle barriers that have hindered cricket's progress".
Jay Shah will take over as the next chairman of the ICC in December after he emerged as the sole nominee for the high-profile job
Board of Control for Cricket in India president N Srinivasan, who had cataract surgery on Wednesday, continues to remain silent on the Supreme Court observation that he should step down to facilitate a fair probe into IPL betting and spot-fixing scandal.
High drama was witnessed at the Board of Control for Cricket in India's crucial Working Committee meeting in Kolkata on Friday over the presence of Narayanswami Srinivasan, prompting president Jagmohan Dalmiya to adjourn it sine die over lack of legal clarity on the sidelined former chief's status.
The Board of Control for Cricket in India on Friday made it clear that it is upto N Srinivasan to take a call on whether he would like to attend the working committee meeting in Kolkata.
President Barack Obama last week appointed Srinija Srinivasan, one of the three co-founders of Yahoo! Inc, as a member of the White House Commission on Presidential Scholars.
He may be on the cusp of his 40th birthday but Sachin Tendulkar is still very much "needed" by Indian cricket, according to BCCI president N Srinivasan, who firmly believes the senior batsman will time his exit from Test cricket to perfection.
Narayanswami Srinivasan told the Supreme Court on Monday that he is not at fault in the conflict of interest issue, as he had consulted former Board of Control for Cricket in India president Sharad Pawar before buying the Chennai Super Kings franchise in 2008.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
BCCI's president-in-exile Narayanswami Srinivasan is set to discuss his future course of action with Union finance minister Arun Jaitley.
Disgraced former Indian Premier League (IPL) commissioner Lalit Modi has slammed the BCCI chief and new ICC chairman N.Srinivasan, saying that he has a bad influence on Indian cricket.
N Srinivasan refuses to confirm whether he is back in office as president of the Board of Control for Cricket in India.
'We are going to write the BCCI president to take a call on Srinivasan's continuing as the president of the Tamil Nadu Cricket Association despite the apex court's order'
The introduction of tax deducted at source (TDS) on income from central government securities and state bonds may not lead to a significant effect on retail participation, according to market participants. The Union Budget proposed that starting October 1, 2024, investors may face a 10 per cent TDS on investments in central government securities and state development loans (SDLs). "Last Budget, TDS on interest on securities was reintroduced.
Unperturbed at the prospect of a possible life ban, a defiant Lalit Modi on Tuesday continued his tirade against Board of Control for Cricket in India president N Srinivasan and said he will not "sit back quietly" and watch the Tamil Nadu strongman "destroy" Indian cricket.
Petitioner in the Indian Premier League spot-fixing case, Aditya Verma has shot a letter to the legal head of the Board of Control for Cricket in India U N Bannerjee and all the Working Committee members, requesting them not to allow Narayanaswami Srinivasan in the meeting.
The Board of Control for Cricket in India's current joint secretary Amitabh Chaudhary and treasurer Aniruddh Chaudhry's presence at an informal unsanctioned gathering, arranged by former president Narayanswami Srinivasan has brought them under the scanner of Committee of Administrators (COA).
In this exclusive interview, Dr Srinivasan talks to Shobha Warrier about nuclear energy in general, the Kudankulam nuclear power plant in particular and India's energy needs.
Board of Control for Cricket in India president N Srinivasan on Sunday condoled the death of former Board chief NKP Salve, saying that his contribution to Indian cricket will never be forgotten.
N Srinivasan moved the Supreme Court seeking his reinstatement as BCCI President contending that there was "absolutely nothing" in the Justice Mukul Mudgal Committee report "incriminating" him in the IPL6 scam.
Obama is likely to choose either "trailblazer" Srinivasan or Merrick Garland as his pick for the Supreme Court nominee and could announce his decision early Thursday morning (IST).
Refusing to speak about Mahendra Singh Dhoni's role in his company, India Cements, Narayanaswami Srinivasan, the Board of Control for Cricket in India's president-in-exile, made it clear that India's captain would not be asked to resign despite questions about conflict of interest being raised against him.
'India mattered to him and he wanted to matter to India.'
Mahendra Singh Dhoni and N Srinivasan were seen having an interaction at the Chepauk during the second day of Chennai Super Kings' training session.
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).
The road for Jagmohan Dalmiya was cleared after another former president Sharad Pawar failed to get a proposer from East Zone, prompting the Maratha strongman to pull out of the race.
The unrecognised Cricket Association of Bihar chief Aditya Verma asked BCCI's interim president Sunil Gavaskar to clarify whether N Srinivasan attended an Indian Premier League meeting despite a Supreme Court order restraining him from participating in any Board activity.
Former Board of Control for Cricket in India president Narayanswami Srinivasan cannot represent the Board at the International Cricket Council's meeting next week as he has been held guilty of conflict of interest, the Supreme Court said.
N Srinivasan may have put up a brave face by outrightly rejecting demands for his resignation but Union minister for Parliamentary Affairs Kamal Nath feels that the Tamil Nadu strongman's position has become "untenable."
rediffGURU Samkit Maniar answers readers' personal income tax queries.
A graduate of Baroda Medical College, Srinivasan, a Republican, won from the 31st District in Glastonbury trouncing the two-time Democratic incumbent. He campaigned on issues like fiscal responsibility, opportunities for businesses to grow, and better health care.
