Private equity firm Carlyle Group and associates will acquire a controlling stake of over 50 per cent in PNB Housing Finance by investing in the Rs 4,000 crore preferential issue of equity and warrants of the Delhi-based mortgage lender. After the proposed transactions, expected to be completed by January 1, 2022, Carlyle will also have the right to nominate the chairperson of PNB Housing Finance (PNB HF). This right will continue as long as it holds at least 40 per cent of the share capital on a fully diluted basis.
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
With its gaze steadily fixed on the well-being of its people, the government is going about taking all the imperative measures that need to be taken to beat back the pandemic, observes B S Raghavan.
FATCA will facilitate flow of financial information between countries.
The Oxford vaccine, which also has a tie-up with the Serum Institute of India, was first administered to Brian Pinker, an 82-year-old Oxford-born dialysis patient. Pinker is among the first to be vaccinated by the Oxford University Hospital's (OUH) chief nurse, hailed as a major milestone in the phased vaccination programme being undertaken by the National Health Service (NHS).
'One out of three phones sold in India is a Xiaomi phone.'
The trauma centre currently has 242 beds and 18 more are being added to it.
The Centre has announced an extension for two more weeks in the nationwide lockdown. However, several relaxations will be allowed as per zones.
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
General T N Raina was an iconic Indian military leader whose contributions to the nation should be more widely known, notes Lieutenant General Syed Ata Hasnain (retd).
The AIIMS administration has initiated an internal inquiry to look into the cause of the fire and further strengthen preventive measure.
'Everyone says never waste a crisis.' 'When we went into Covid and we were in total lockdown, we were at work.' 'The planes were not flying and we wondered what to do.' 'We looked at each of our performance metrics -- what are customers complaining about, how do employees feel, how do investors feel?'
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Naga splinter groups impatient with stalled talks as well as rebel Manipuri groups who have a stake in disrupting upcoming elections to the state assembly, are believed to be regrouping in the borderlands of China's Yunnan province and Myanmar, taking advantage of the turmoil in the latter by using it as a transit corridor.
After 11 years at the helm of Jubilant, Ajay Kaul, the 'nuts and bolts' executive, called it a day amid speculation that his expansionist strategy was not clicking, says Viveat Susan Pinto.
'It is sad that Kerala had so many Covid patients which is primarily due to the mismanagement of the Left government.' 'The technical committee was full of CPI-M leaders who happen to have medical degrees with no experience in public health.' 'They were advising the CM and we are paying for those mistakes.'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'There is no data to show this virus is more deadlier.'
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.
Sujatha Singh claimed that she had actually sought early retirement.
Arpi deserves to be complimented for the commitment and hard work that have gone into this production. The frustrations of seeking reliable documentation from the catacombs of the Indian bureaucracy did not deter him from going after the best information available, and the result is one that he can take much satisfaction in. Ambassador Prabhat P Shukla, Member Advisory Council, Vivekananda International Foundation, reviews Claude Arpi's The End of an Era: India Exits Tibet.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
The missile system can target aircraft up to 30 km away, at altitudes up to 18,000 metres. It has the capability to neutralise aerial targets like fighter jets, cruise missiles and air-to-surface missiles.
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
Maharashtra and Punjab, which are recording a surge in new COVID-19 cases, tightened curbs on Friday and the chief minister of the western state said lockdown is an option, as India added close to 40,000 cases in the biggest daily increase in nearly four months.
A PTI tally of figures announced by different states and union territories, as of 9.25 pm, showed a higher number of 1,76,792 confirmed cases and at least 5,100 deaths. It also showed nearly 86,000 recoveries and close to 85,700 active cases.
Experts believe adoption of AI in developing countries will be much faster than in developed nations, as the magnitude of change it will bring will be far larger.
The tearing hurry to form theatre commands has to be replaced by a balanced and deliberate approach. We need to accept that this process will take time if executed correctly and in the best interests of the Indian armed forces, argues Commodore Venugopal Menon (retd).
The economic think-tank in its earlier projection had suggested that the Indian economy was likely to grow at 5.7 per cent in 2014-15.
There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.
Undergraduate courses indicatively cost S$23,000 to S$38,000, while postgraduate courses approximately cost S$15,000 to S$40,000.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
While the investment amount could not be immediately ascertained, a report pegged it at about $2 billion.
Or, what will the Indian policy process allow it to be, says Ajit Balakrishnan.
Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.
Alert to the looming threat from the 'Omicron' variant, states began to re-tighten curbs and urgently trace people who arrived from abroad in the last one month while a demand to not allow flights from the affected countries was made by Delhi Chief Minister Arvind Kejriwal and Karnataka Chief Minister Basavaraj Bommai.
The nation has the fifth largest defence budget in the world, at $52.5 billion in 2017 ($51.1 billion in 2016), overtaking the UK whose defence budget fell from $52.5 billion in 2016 to $50.7 billion in 2017.
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
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