The deal is the first major bank takeover in 4 years
Star's maths is simple: It expects to make something close to Rs 40 billion from the two properties in the first year (2018) itself, which is pretty close to its break even point
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
The ruling coalition won 125 seats in the 243-member state assembly against 110 clinched by the opposition Grand Alliance to pave the way for a fourth successive term for Kumar in office.
At 17 and 20 respectively, Satwik and Chirag form a formidable pair that has proved its mettle in international badminton, often punching above their weight, only to fall short of podium finishes.
Pia Pauro's Grecian Goddess collection dazzled on the ramp at Lakme Fashion Week Summer/ Resort 2013.
There will be total of 51 seats going to polls spread across 7 states in the fifth phase.
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
The National Award-winning actor walked the runway for Kunal Anil Tanna.
Maharashtra's Tanvi Shah and Delhi's Karun Uday Singh won the boys and girls' under-16 singles and doubles crowns respectively in the Xtra Premium National Tennis Championships.
Here's what your favourite Bollywood celebrities are tweeting.
Anjali & Uday manage to save a fair amount. But have they invested wisely?
Raanjhanaa actress Swara Bhaskar comes from a rather unusual parentage -- her father Chitrapu Uday Bhaskar is a retired Navi officer and one of India's leading experts on strategic affairs.
Here's what your favourite Bollywood celebrities are tweeting.
India's foremost beachwear designers Shivan and Narresh showed off their dazzling spring-summer line on Day One of Lakme Fashion Week.
Unfazed by the dastardly attack by Maoists, Opposition Congress in Chhattisgarh will soon resume its parivartan yatra from Keslur village near Jiram Ghati, the spot where its convoy was ambushed on May 25. Congress workers will pay tribute to the victims including state Congress chief Nand Kumar Patel, his son Dinesh, former leader of opposition in the assembly Mahendra Karma and former member of legislative assembly Uday Mudliyar among others.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Distorting facts in relation to politics and religion and appeasing extremist ideology has grave long term implications for India's security, feels C Uday Bhaskar.
Watch Bollywood actors, director as they enter the Jab Tak Hai Jaan premiere.
In a major embarrassment to the Rashtriya Janata Dal, its no-confidence motion in the Bihar assembly against the Nitish Kumar government was on Thursday rejected by Speaker Uday Narayan Chaudhary due to the lack of required strength of supporting members. Soon after the Question Hour, RJD Member of Legislative Assembly Durga Prasad Singh and six other party members submitted a no-confidence motion against the government to the Speaker.
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.
It was a riot of colours as three young designers showed on the final day of Lakme Fashion Week.
Ace designer Vikram Phadnis ended Day Four at Lakme Fashion Week Summer/Resort 2013 with a superb collection, a celebrity line up of stars, celebs and personalities from Raigad that told the glorious story of India's great craftsmen and traditions.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
The Ishaqzaade star opened the show for the talented Masaba Gupta's show on Day One of the Lakme Fashion Week.
'Post Kargil, the effete Indian response to the complex national security challenges was a matter of deep anguish and muted anger. B Raman felt very strongly about the need to create a more informed national security community in India,' remembers C Uday Bhaskar.
Here are glimpses from Tarun Tahiliani's off site show for Lakme Fashion Week Summer/ Resort 2013.
Bollywood has been giving their daddies a lot of love on Father's Day.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
The Pakistani actress is VERY keen to work with Bollywood's top stars.
Interview with Uday Kotak, executive vice-chairman & MD, Kotak Mahindra Bank.
As the government has adopted ascending e-auction for radio waves, there is a danger that players might end up overbidding.
India among developing nations is far ahead in becoming a service economy, says Uday Karmarkar.
This is the first full-scale review of VIP protectees by the Union home ministry after the Modi 2.0 government took charge.
Private lender Kotak Mahindra Bank Ltd said on Thursday its board had approved the acquisition of local rival ING Vysya Bank Ltd, in which Dutch lender ING Groep NV owns about 43 per cent, in an all-stock deal.
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