The financial sector has been deeply troubled since 2013. It is now in a full-blown crisis, warns Devangshu Datta.
Banks are set to sell dud-loans worth Rs 90,000 crore of 22 firms in the first tranche to the National Asset Reconstruction Company (NARCL). It's reason for cheer given that such sales to asset reconstruction companies (ARCs) have been poor in recent times. In fiscal 2020, their assets under management (AUM) contracted by 4 per cent; and in fiscal 2021, it fell by another 100 basis points to Rs 1.07 trillion. So, why are we where we are?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'The Indian State needs to focus on healthcare, education, infrastructure and law and order, and get out of all these regulatory cholesterols.' 'Then, India will fly.'
The Knight Riders finished their league campaign with a 60-run victory over Rajasthan Royals to get into the top four with 14 points. However, their net run-rate of -0.214 could be an impediment towards qualification.
C K Ranganathan, CMD of the $12.50 billion CavinKare, in an interview with Shobha Warrier/Rediff.com, says though he sees signs of improvement everywhere, the Modi government has a long way to go to make the country business friendly
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
'Hope they don't tinker around with capital gains tax in any way.'
With a budget of Rs 60 crore, Business Blasters, which is part of the Delhi government's Entrepreneurship Mindset curriculum, aims to nurture entrepreneurial skills among students, including taking calculated risks and bouncing back from failure.
'Nehru's inability to take religion seriously as a category led to serious errors of judgement in his dealings with the Muslim League, and later, also with the Hindu right.'
'Unless some serious steps like complete closedown are taken, it will have disastrous consequences.'
Deb said that he would ask people whether they want him to continue as the chief minister.
'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
The 49-year-old Italian has been with the Indian team since 2017. He was confined to the IG Stadium in the national capital for the past two months owing to the national lockdown to contain the spread of the COVID-19 pandemic.
Indian wrestler Ravi Dahiya says will strive to improve and complete the unfinished task of winning a wrestling gold at the 2024 Paris Games.
New entrant Aam Aadmi Party has emerged as the leading party winning 13 of 35 wards so far as the counting of votes in the Chandigarh Municipal Corporation polls is in progress here on Monday.
Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.
The Modi leadership could lose Election 2024 if a communal flare-up becomes cause for all-round catastrophe, warns N Sathiya Moorthy.
'Putin has set aside all the rules and now he is deciding the rules.'
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
The group's digital news site had put out reports, along with pictures, on dead bodies of suspected coronavirus patients floating down the river Ganga in Uttar Pradesh and Bihar which had led to nationwide consternation.
'Rain-fed farms in the drier parts of the country are feeling the pinch of lack of water, and this pinch is only going to increase. Some of the biggest companies have shut down because of non-availability of water.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A lot of credit goes to the Mumbai Indians team management, the scout, they have done a great job with all these guys
International pop star Rihanna on Tuesday extended her support to the ongoing farmers agitation while criticising the Internet shutdown at the protest site.
The United States officials in Afghanistan naively handed the Taliban a 'kill list' to target Afghans who aided American forces in the country, according to a media report.
India will be represented by a record 15 shooters at the Tokyo Olympic Games.
Yes Bank was the top gainer in the Sensex pack rising 5.80 per cent, followed by Tata Motors, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Bank and Tata Steel.
Ajinkya Rahane said he enjoys opening the batting in the shortest format but he is also ready to explore a potential "finisher's role" with Delhi Capitals having several options at the top of the order during the upcoming Indian Premier League in the UAE.
The IPL franchises may have turned him down but Team India's Test specialist Hanuma Vihari is all set to prepare for the six-match Test series in England later this year by competing for English county side Warwickshire.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
Should we be exposing our women volunteers to the barbarity of actual combat?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Simran Dhir talks about Delhi, Indian parents and the inspiration behind her debut novel Best Intentions.
Yes Bank was the top gainer in the Sensex pack, rallying 6.74 per cent, followed by TCS, Tata Motors, Bharti Airtel, M&M and RIL.
'As long as we have such partners, Russia cannot be isolated.'
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