Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
Company to help dealers build secondary income sources like insurance, finance, after-sales, accessories
Land parcels acquired for 58 new projects, which are yet to be launched.
A large Dhruv order could significantly boost Indian defence exports. These have grown from Rs 1,940 crore in 2014-2015 to Rs 10,745 crore in 2018-2019.
'An international survey has shown that India figures high in the list of countries on people's approval of torture.' 'What is surprising is that even if you look at the many vibrant social movements we've had, there's been no campaign that predominantly focuses on police torture.'
'The virus is constantly, constantly making mistakes when it replicates.' 'When the virus has accumulated enough mistakes, then it becomes now a variant and it behaves differently.'
Digital payments and financial services firm Paytm has filed a draft red herring prospectus for its proposed Rs 16,600-crore initial public offering (IPO) with the Securities and Exchange Board of India.
The new rules are aimed at providing a strong impetus to the industry and positioning India as one of the most competitive IT jurisdictions in the world.
While welcoming Prime Minister Narendra Modi's announcement on Saturday to celebrate January 16 as National Start-up Day, six years after the Start-up India Action Plan was launched by the government, stakeholders in the ecosystem say that more needs to be done at the policy level to unleash the next phase of growth in the sector. "The Start-up India programme's launch in 2016 was a turning point - that is when the promoter came to be known as the founder in the country and the word 'entrepreneur' entered the common lexicon. "But now we need a Start-up India 2.0 now for the next phase of growth of the ecosystem", said Siddarth Pai, managing partner of venture capital (VC) firm 3one4 Capital. Pai says that Startup India 2.0 must look at promoting Startups headquartered in tier II,III & IV cities and solving the problems of Bharat.
As India gets ready to roll out one of the largest vaccine programmes, billionaire Mukesh Ambani on Tuesday said his group is working with authorities to provide technology tools and backbone for mass inoculation against COVID-19. Ambani's telecom venture Jio was rolled out four years back, offering free voice calling and dirt-cheap data. Today, Jio is India's largest telecom operator with over 400 million users, each connected to the internet. At a Facebook event, Ambani said the government's digital push kept the country running even during the pandemic and is now helping in the rollout of one of the largest vaccination programmes.
'We Indians stayed back in the hope that our embassy would give us some sort of direction, some sort of guidelines that the situation had gone out of hand and we should leave immediately.' 'But the embassy did not bother to address our concerns.'
'I think Ratan felt he had to do everything that he could to retain control of the company started by his forefathers, because that was the first priority and nothing else mattered compared to that.'
In a statement, the PMO said three vaccines are in advanced stages of development in India, out of which two are in Phase II and one is in Phase-III. It further said Indian Scientists and research teams are collaborating and strengthening the research capacities in neighbouring countries such as Afghanistan, Bhutan, Bangladesh, Maldives, Mauritius, Nepal and Sri Lanka.
The pandemic and social distancing have forced umpteen changes in our lives. The way people date is yet another one of them.
The modus operandi for immunising the country's 1.35 billion population in stages has been thrashed out in more than one meeting among top government officials in the health ministry and the Prime Minister's Office.
A team at Bristol University used recently developed techniques to validate that the vaccine accurately follows the genetic instructions programmed into it by the Oxford University team.
Since Pakistan has 'opted out' of the project, it is now being called South Asian satellite.
With no spectators allowed on the course it was a solemn scene as golfers and their caddies, heads bowed, stood silently on greens, tees, fairways and the practice range.
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
'Afghanistan is a beautiful country but has no luck as far as lasting peace is concerned'
The results for the People's Choice Award for the Wildlife Photographer Of The Year are in.
The party went on to say that the "the way the Aarey issue is being oppressed, it is nothing but dictatorship".
Remember the US withdrawal agreement was signed in February 2020. In the intervening period, a proper evacuation plan ought to have been in place. It was not. Consequently, tens of thousands of Afghans who had worked as interpreters, drivers, suppliers of goods and services, etc, face brutal retribution from the Taliban, Virendra Kapoor points out.
While the vaccine could be available at $3-6 (Rs 225 to Rs 550) per dose, herd immunity might be two years away due to implementation challenges, it said, adding the experience in large scale adult vaccination programmes is thin.
'There is no such thing as ultimate survivability.'
'It's all comparative -- who outperforms, who uses tactics, who optimises technology to the best is what makes the difference.'
Looking to cash in on severe room shortage in India's hospitality sector, global leader InterContinental Hotels Group plans expansion across the country through a shift from franchise model to management contracts in its India operations.
The committee has recommended Rs 8,000-10,000, Rs 13,000-15,000, and Rs 15,000-18,000 including PPE costs for isolation beds, and ICUs with or without ventilator, respectively, to all hospitals. Currently, hospitals are charging Rs 24,000-25,000, Rs 34,000-43,000 & Rs 44,000-54,000 (excluding PPE cost).
Amul Thapar, 47, had become in 2007 the first South Asian Article III judge when he was appointed as a US District Judge for the Eastern District of Kentucky.
'I know that they are a deadly terrorist group and that killing is their hobby. But I have no fear.'
Banks are cheating customers with rates that are unfairly high, discriminatory, and opaque, denying legitimate savings to borrowers, while the RBI has been looking the other way, says Debashis Basu.
The perfect routine already exists. It is the one designed by nature and is called the Circadian Rhythm. If we are able to align to this routine, according to the Circadian Rhythm, it will help restore, regain, and reset our health in a huge way.
'You have sufficient protection if you take the second dose of the Covishield vaccine at 12 weeks, because this vaccine works in a way where it provides protection in the first dose.'
Did you know that employers have to pay equal remuneration to its male and female employees who are carrying out the same or similar work?
'One of R&AW's greatest achievements is in projecting itself as benign.' 'This work -- done in tandem with the Diaspora and the MEA -- sells a story of India as mostly the victim.'
India has purchased 500 million doses of the Oxford University-AstraZeneca vaccine candidate, one billion from the United States company Novavax and 100 million doses of the Sputnik V candidate from Russia's Gamaleya Research Institute, according to the US-based Duke University Global Health Innovation Center.
Future Group and V-Mart have put in place systems to prevent panic buying at their neighbourhood grocery stores.
With West Bengal Chief Minister Mamata Banerjee seeking a uniform vaccination policy for the country, Union Health Minister Harsh Vardhan on Friday assured her that the Modi government was firm in its resolve to help the state fight the COVID-19 pandemic, but also flagged more than 40 per cent positivity rate in some districts of the state.
'You are with each other 24x7, so how can you ignore someone crying next to you?' 'How can you not share a piece of chicken with someone who is sitting next to you and watching you eat it?' 'Of course, you will share.' 'And you become friends with the kind of people you never thought you'd even know.'
'My day starts off with Pranayam and visualisation practice for about 45 minutes. After breakfast, it's time to learn some cooking'
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
