'If there is a technical issue and the borrowers can resolve it within 30 days, you don't have to go through the bankruptcy court.' 'If the borrower is expecting a large disbursal of a facility or expecting a payment or receivables, in such cases it becomes practical to give a window for taking care of such circumstances. 'If banks had aggregated the assets and benefited with a long relationship with borrowers and now when assets get into a trouble, it is incumbent on banks to find resolution and take responsibility.'
Nepal's Prime Minister Sher Bahadur Deuba on Monday inaugurated the country's second international airport built by China that will help connect Lumbini, the birthplace of Lord Buddha and a major tourist and pilgrimage destination, to Buddhist circuits in South Asia as well as to the rest of the world.
Edtech major Byju's on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the $1.2 billion Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in distressed debt. "Byju's has had to take these measures following a series of predatory tactics by the lenders, led by Redwood," the company said in a statement.
In the final, Mirza incurred 12.40 penalty points for an overall 59.60 that included the points from the three rounds of qualifying events -- dressage, cross country and jumping.
Instances of non-functional CCTV cameras installed at some clubs, hotels and restaurants have come to the notice of the department's enforcement branch during inspections, they said.
The Mumbai police have detained a 16-year-old boy from neighbouring Thane district for calling the police control room and allegedly threatening to kill Bollywood superstar Salman Khan, an official said on Tuesday.
During these seven decades, the IAF has lost 2,374 aircraft to crashes. They include 1,126 fighters and 1,248 non-combat aircraft. In addition, 229 trainers and 196 helicopters have crashed. These crashes have resulted in the deaths of 1,305 skilled pilots, note Ajai Shukla and Devesh Kapur.
Larger firms feel that the smaller players have muddied the waters for the IBC process, leading to excessive regulation of resolution Professionals.
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
Data privacy as a career option is gaining ground with thousands of open job positions, swelling salaries, and rising compliance requirements across the globe, finds a report by data privacy and cybersecurity provider Tsaaro.
The 44-year-old took charge of the Indian team in December and his contract is up for renewal after the Asian Games.
Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the United States in December 2010.
The Securities and Exchange Board of India's (Sebi's) proposal to re-introduce "hard underwriting" is seen as step to boost India's moribund initial public offering (IPO) markets. The regulator has proposed that in case an IPO fails to garner full subscription, the investment banker or a third-party can buy the unsubscribed shares. This practice was common during fixed-price issues prior to 1999. However, under the new book building regime, underwriting is allowed only to the extent of shortfall due to technical rejection of bids - this is referred to as "soft underwriting" and is rarely invoked.
Days after the Supreme Court held as "illegal" the extension of ED Director Sanjay Kumar Mishra's tenure, the Centre on Wednesday moved the apex court seeking modification of its order to allow him to continue in office till October 15 in view of the ongoing FATF review.
The gold plating of the sanctum sanctorum was done under the supervision of the experts of the Archaeological Survey of India (ASI), he said.
Winning the gold at the World Championships in August and breaching the magical 90m mark are Neeraj Chopra's targets this year.
India is 'deeply concerned' at the deteriorating security situation and astounding loss of civilian lives in the ongoing conflict.
In the show-cause notice, Trai said it is of the view that the claim of VIL for providing priority 4G network with faster data speeds is not in compliance with the extant regulatory framework.
As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed Infosys for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal. "Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest," the CBIC tweeted.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
"Workers in acute distress, medical cases, pregnant women, the elderly and the group of Indians stranded in Dubai Airport," are likely to get first priority when the government resumes services for repatriation, he said.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
The IBA has also welcomed the presence of an IOC monitoring group, which would "see first-hand IBA's best practices regarding technical and competitions rules, specifically its heralded bout review process," the federation said.
This is the third incident of technical malfunction on a Go First aircraft in two days.
In another setback to the search for the crashed Malaysian jet, the second mission of the underwater drone being used to locate the plane's wreckage was aborted on Wednesday due to a "technical" trouble as it resurfaced without making any "significant detections".
Those intending to undertake international travel for education purposes, joining employment and as part of the Indian contingent to the Tokyo Olympics will be allowed to take the second dose of Covid vaccine Covishield prior to the prescribed time interval of 84 days after the first dose.
A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna issued notice on the petition by the former wing commander, who was posted as engineering officer at the relevant time, and granted the Centre six weeks to file its response.
With no solution to the problem after 10 minutes, the referee spoke to both managers and asked the teams to return to the dressing room amid boos from the fans at the stadium.
Former India players Gagan Khoda and M S K Prasad were named as the new national selectors at the Board of Control for Cricket India's annual general meeting, in Mumbai, on Monday.
The Jhansi-born athlete, who was raised by a single mother -- a tailor by profession -- currently trains at the academy of Anju Bobby George in Bengaluru. She is coached by Anju's husband Bobby George.
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
The Supreme Court on Monday said it has started "action" and disposed of a plea moved by former RSS ideologue KN Govindacharya, seeking a direction for a special arrangement with YouTube to safeguard the copyright of its live-streamed proceedings in accordance with a 2018 judgment.
'To avoid accountability and cover the mismanagement of the head of the department, they create this kind of sabotage theory.' 'If it's a sabotage theory, then the higher-level officials can go scot-free.'
'Don't take being laid off personally or as a reflection of your performance if you have always been a good performer,' says HR Expert Khevna Shah.
Had someone done a deliberate mischief, security officials would file FIR and deboard the passenger.
'Rhetoric and chest-thumping are running high on India's recent growth record.'
'But will the giant waves developing elsewhere allow us to sail smoothly into fair winds?' asks Debashis Basu.
With their landmark 2005 civil nuclear deal still in limbo, India and the United States have established an inter-agency contact group to sort out outstanding liability and technical issues to fast-track its full implementation.
A week after the Income Tax Department's much publicised new e-filing portal went live, users continued to face technical glitches ranging from longer than usual logging time, inability to respond to notices and not all features functioning yet, chartered accountants said on Monday. The new portal, "http://www.incometax.gov.in/"www.incometax.gov.in, was launched last Monday (June 7), which the tax department as well as the government said was aimed at making compliance more taxpayer-friendly. But users complained of technical issues facing the site from the very first day and not everything has been fixed even after a week, chartered accountants (CAs) said, adding that taxpayers are unable to view past e-filed returns and many features/ facilities continue to be marked 'coming soon'. Finance Minister Nirmala Sitharaman herself had asked Infosys - the vendor which created the portal - and its Chairman Nandan Nilekani to fix the technical glitches.
A plea that the banking regulator's stress should be on the strategic role of boards and an increase in the remuneration of independent directors were among the issues put forward to the Reserve Bank of India's (RBI's) top brass in its interaction with the full boards of state-run banks held on Monday. The meeting, the first leg of first-of-its-kind interactions with the boards of state-run banks, will now be followed by those of private banks in Mumbai on May 29. The RBI's press release, issued late on Monday, did not refer to the specific points that found mention in the deliberations, but top sources told Business Standard the twin concerns were taken up in the open-house interaction with the banking regulator's brass.
India's dream to be in the forefront of international politics has come true. India has placed itself firmly as a major player in the shaping of a new world order, observes Ambassador T P Sreenivasan.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances