The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.
Sunil Narine and Varun Chakravarthy, have done an excellent job in restricting the oppositions but KKR's top-order batting has hurt them the most.
Reacting to the development, Naidu said such crises were not new to the party.
Captain KL Rahul has been one of the few consistent performers in the formidable-looking Punjab batting unit and he once again led by example against MI
BCCI's Cricket Advisory Committee (CAC) member Madan Lal said two new selectors will be in office by the time the national team's tour of New Zealand winds up early next month. Former India cricketers Rudra Pratap Singh and Sulkashana Naik are the other two members of the CAC, which has been tasked to find replacements for outgoing chairman of selectors MSK Prasad and his fellow panel member Gagan Khoda.
KKR have so far failed to come together as a unit and slipped to sixth in the table after starting the tournament on a high against Sunrisers Hyderabad.
Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.
Morgan's astute captaincy in using his bowling resources was the highlight as KKR had bowled out MI for a modest 152.
The actress who made a confident debut in Hindi film with Chashme Baddoor talks about her Telugu release Shadow.
Producer Suresh Daggubati, Rana's dad, has hinted that the wedding may happen in December.
According to the Karnataka State Natural Disaster Monitoring Centre, there would be heavy rain for the next 24 hours in coastal areas, in the northern and in the interior parts of the south.
The Union Health Ministry has said in response to a Right to Information application that it does not know where records related to agenda circulated in meetings of the National Expert Group on Vaccine Administration for COVID-19 are held.
The player is survived by wife and two children.
Telugu actor Mohan Babu completed 40 years in film industry, and he celebrated with a grand event at the Indira Priyadarshini grounds in Visakhapatnam city, Andhra Pradesh.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Fresh from their clinical display against Sunrisers Hyderabad, two-time champions Kolkata Knight Riders will look to set the record straight against nemesis Mumbai Indians in their second IPL match in Chennai on Tuesday.
Here's the complete list of which team bagged who, and for how much!
An Indian player died after collapsing on the pitch during a district-level league match, the All India Football Federation (AIFF) said on Tuesday. Local media reported 27-year-old Bangalore Mars striker D Venkatesh collapsed following a cardiac arrest at the Bangalore Football Stadium.
Purnendu Maji and Srinivas Bhogle list IPL 2021's 50 Most Valuable Players.
A 'disturbed' former captain Kapil Dev, on Friday, expressed his displeasure in the manner Committee of Administrators member Diana Edulji tried to stall WV Raman's appointment as the coach of the Indian women's team.
Cutting a huge cake depicting the National Flag and eating it could not be construed as an offence punishable under the relevant Act, the Madras high Court ruled.
'The source of our music, the very notes of music itself have fallen silent.'
Devdutt Padikkal continued his terrific form ahead of the IPL with a third successive century as the defending champions stormed into the Vijay Hazare Trophy quarterfinals
Dinakaran has been re-inducted and elevated to the position of deputy general secretary.
Former India seamer Venkatesh Prasad on Friday tendered his resignation from the post of chairman, junior national selection committee, less than a month after the country won the Under-19 World Cup.
The remake rights have been bought by Rockline Venkatesh and the film is expected to go on floors by August.
'Coupled with e-filing procedures it would really enhance the ability of the judiciary to provide speedier justice.'
Most of those punished were managers across different scales, from Scale 7 (general managers) to Scale 1 (officers). However, at least one bank - Oriental Bank of Commerce - revealed that 17 single-window operators (SWOs), five head cashiers, two clerks, one clerk-cum-cashier, and one peon-cum-housekeeper were among those penalised for staff delinquency. Punishments against these employees included withholding of increment, demotion for one year, and censure under provisions of the bipartite settlement.
On a roll after back-to-back wins, the vintage Chennai Super Kings would look to extend their winning run when they clash with struggling Kolkata Knight Riders in their next IPL match in Mumbai on Wednesday.
Investors sinking lump sum money in equities seem to have applied the brakes.
AIFF plans to go ahead with the 2020-21 I-League season even if the clubs' star foreign recruits are unable to make it due to the coronavirus-forced travel restrictions.
The who's who of the Telugu film industry made sure to attend his prayer service on Sunday.
'Samantha is constantly pushing the envelope. In fact, she is doing more work now and far more challenging roles than she did before she got married. Those old theories of audiences not wanting to see married actresses are done with.'
Recovery of the Indian economy depends to a great extent on acceleration in the spending of these relatively richer households, explains Mahesh Vyas.
Former champions Kolkata Knight Riders will look to strike a perfect balance under the astute leadership of Eoin Morgan when they open their IPL campaign against a consistent Sunrisers Hyderabad in Chennai on Sunday.
From Neeraj Chopra to Harbhajan Singh to Saina Mirza, India's top sportsperson mourned the passing away of one of the country's biggest sporting icons.
Telugu superstar Venkatesh talks about his films and more on the Rediff Chat.
The award ceremony was held in Hyderabad.
These 10 pics prove that it's fun to be a child.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances