The Securities and Exchange Board of India (Sebi) on Monday relaxed the norms for valuing perpetual bonds. The norms, which had sought to value banks' deemed residual maturity of Basel III additional tier 1 (AT1) bonds as 100-year debt from April 1, were strongly opposed by the finance ministry. In a statement released on Monday, the regulator said the maturity would be 10 years until March 31, 2022, and would be increased to 20 and 30 years over the subsequent six-month period.
What to pick from a crowded market...
DRDO's Air Independent Propulsion system will allow Indian Navy submarines to operate for up to two weeks without having to surface to recharge its batteries.
This pair comes with quick-charging technology, which is unusual for earphones, says Khalid Anzar
Manchester United must move quickly to appoint a new manager and give him maximum time to operate in what will be a critical transfer window for the club.
A controversial lavish Indian wedding in South Africa has created a rift between President Jacob Zuma and the ruling African National Congress, according to a media report on Monday.
His other big achievement -- of avoiding a partition of South Africa against a determined bid by Zulu chief Mangosuthu Buthelezi has not received much attention. He was thus a Mahatma Gandhi and Abraham Lincoln rolled into one. Preserving a united South Africa against western intrigues was indeed a signal achievement, says Colonel (retd) Anil Athale.
The Brics Development Bank was mooted at a summit in New Delhi in March this year as an alternative to the International Monetary Fund.
Decent music and good call quality, an IPX5 sweat- and splash-resistance, low latency mode for gaming, touch controls and good battery life are hard to get at this price.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
ED has come across two immovable assets - one flat in Dubai and one land parcel in London. It is examining the valuation of both properties, estimated between Rs 150 crore and Rs 200 crore.
Nelson Mandela's remains arrived in his childhood village in eastern South Africa on Saturday for a traditional burial on Sunday, bringing down the curtain on 10 days of national mourning and memorial events for the anti-apartheid icon.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Former South African President Nelson Mandela has been admitted to a hospital for a medical checkup, amid growing speculation over the health of the anti-apartheid hero. Visitors, including top ANC officials, continued to flock to the Milpark Hospital for a second day as Nobel Laureate Mandela, 92, remained under observation for "routine tests", as stated by his Foundation.
The NTAGI has also stated that those having laboratory test proven SARS-CoV-2 illness should defer COVID-19 vaccination for six months after recovery, the sources said.
Biographer of Nelson Mandela and veteran South African anti-apartheid activist Dr Fatima Meer, a recipient of Pravasi Bharatiya Samman, died in Durban on Friday after a long illness. She was 81.
The Narcotics Control Bureau (NCB) will quiz Israeli national David Griham alias Dudu, arrested in Goa for allegedly dealing in drugs.
Any hopes that the issue of race in South Africa's sport was fading were damaged this week when the government banned its national cricket, rugby, athletics and netball federations from bidding for international tournaments due to a failure to increase their number of black players.
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
An inquiry has been ordered into reports that an allegedly radioactive contaminated ship from the United States has anchored at the ship-breaking yards of Alang in Gujarat, the government said on Wednesday. "We have got complaints that a radioactive contaminated ship has anchored at Alang. We have already ordered an inquiry into the matter and hope to get the report within the next two days," said Union Environment Minister Jairam Ramesh.
The United States House of Representatives on Thursday unanimously passed a legislation to erase the government-imposed stigma against membership in the African National Congress of South Africa, the party of Nobel Laureate and former South African President Nelson Mandela. The bill, authored by Congressman and California Democrat Howard Berman would remove any notation that would characterise the ANC and its leaders, as terrorists.
Tamil film Strawberry works because of its storyline, says S Saraswathi.
Capping a prolonged power struggle within the country's ruling African National Congress, South African President Thabo Mbeki on Sunday night announced his resignation but denied the charge of interfering with justice in a corruption case to nail his challenger for the top post Jacob Zuma."Fellow South Africans, since the attainment of our freedom in 1994, we have acted consistently to respect and defend the independence of the judiciary," he said.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Psycho stands up to the hype it had created before the release. Not only Raghu Dixit's music, even the other technical elements like cinematography, editing and art work are top class. Director Devadatta has done a perfect job in getting good performances from new artists.
I can actually say I know what it's like to be around someone who was literally a living legend, says film director Kabir Khan.
Kathrada, who frequently referred to Mandela as his 'elder brother', was among three political prisoners who were sentenced to life imprisonment together with the South African anti-apartheid icon after the infamous Rivonia Trial of 1964.
The T5 delivers a brilliant sound and noise isolation without causing ear fatigue, says Veer Arjun Singh.
The April 27 swearing in coincided with "Freedom Day", symbolising the end of apartheid and the beginning of multi-racial democracy in South Africa.
The local Daily News, edited by Indian-origin Dennis Pather, wrote an editorial condemning the letter and said Rajbansi was a product of apartheid politics.
The independent legislator had accused District Magistrate Mohammad Mustafa of committing atrocities.
An ANC survey shows 37 percent of Indians preferred a return to the apartheid regime.
Tim Henman and Juan Carlos Ferrero slumped to demoralising defeats in the second round.
This will be the first instance since Independence that two of the three service chiefs will be the government's chosen men.
Rediff.com's Ashish Narsale presents a list of gadgets that will fit your budget and instantly impress your bae.
Opposition to tri-service structures comes not just from bureaucrats and politicians as the generals like to lament, but equally from within the military. Neither the army, navy or air force chiefs want to relinquish control over their theatre commands, with these cutting edge units placed under some commander who reports elsewhere, says Ajai Shukla.
The South African prosecution authority confirmed on Tuesday it would file an appeal against the culpable homicide verdict and five-year jail sentence handed down to paralympian Oscar Pistorius last month.
The Bay of Bengal base will house nuclear submarines and aircraft carrier
She was honoured with the Nobel Prize for Literature in 1991, where the committee had mentioned her work "magnificent epic writing" which had been of "great benefit to humanity."
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