India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 per cent annually in fiscal years 2024-2026, S&P Global Ratings said on Thursday. In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices. Interest rates in India are unlikely to rise materially, and this should limit the risk for the banking industry, it added.
Sobhita goes home... Tanishaa loves pink... Jennifer's white holiday...
Such a charge sheet, if filed by an investigating authority without first completing the investigation, would not extinguish the right to default bail, it said.
At the immediate heart of the dispute is an inheritance that involves Rs 1,500 crore of shares that were bequeathed on a gift deed on a Rs 500 non-judicial stamp paper.
A 56-year-old man was arrested after the chopped body parts of his live-in partner were recovered from a flat in Maharashtra's Thane district, an official said on Thursday. A court has remanded the man, identified as Manoj Sane, in police custody till June 16, he said.
British Prime Minister Rishi Sunak and his wife Akshata Murty have made their debut on the UK's 'Asian Rich List 2022' topped by the Hinduja family. Sunak and his wife, whose father N R Narayana Murthy co-founded Indian IT major Infosys, are ranked 17th on the list, with an estimated wealth of 790 million pounds. The combined wealth of this year's list sits at 113.2 billion pounds, an increase of 13.5 billion pounds over that of last year.
'I was put in an anda cell. No window, light or air. Only grills.' 'During the monsoon, water would seep. There were rats running around all the time.' 'We were forced to sleep under bright lights all the time. Those bright lights are never switched off.'
A celebrity book launch for psychiatrist, Dr Anjali Chhabria.
Reinstated in service in June 2020, he was handling several high-profile cases, including the TRP rigging scam, fake social media followers case and a car scam involving Dilip Chhabria.
Shedding the stigma around failure, sharing issues with the family and seeking financial assistance from others can help alleviate distress and help people recover faster, says experts.
There is more worry for Vijay Mallya, battling many a fire. Even as his Kingfisher Airlines struggles to hold itself, another of his major companies, United Spirits, has had a setback in its legal battle against his arch rival, Kishore Chhabria.
The brand actually fell between two stools -- the beer went to SABMiller and the whiskey to Mallya. Who should promote it?
Bollywood superstar Amitabh Bachchan on Thursday unveiled India's first supercar, Avanti, designed by style guru Dilip Chhabria's DC Design at the 11th Auto Expo 2012 in New delhi.
No tyres of any description have rolled out of its factories in Sahagunj (West Bengal) or Ambattur (Tamil Nadu) since 2011 and 2012, respectively.
McDowell & Co Ltd and Phipson Ltd, both part of Vijay Mallya's UB group, and associates have made a counter offer to shareholders of Herbertsons Ltd to acquire additional 45.2% stake at Rs 200 per share.
Here's a list of the show's snazziest and sleekest.
Reva Electric Car Co unveiled two models, one of them designed by India's celebrated auto designer Dilip Chhabria, at the 63rd Frankfurt International Motor Show on Thursday.
Prahlad Chhabria, chief of Finolex Group, has been honoured with a silver platter in recognition of his contribution to 'entrepreneurship' at the prestigious Institute of Directors in London. He also released his autobiography 'There's no such thing as self-made man' on the ocassion. About 220 dignitaries from the diplomatic, political and business community attended the function hosted by SriChand and Gopichand Hinduja, chairman & president respectively of the Hinduja Group.
Ruia, a chartered accountant whose business ranged from sugar to textiles and heavy engineering to tyres, refused to comment on queries about his interest in Air India.
Chalo Jeete Hain is a film based on Narendra Damodardas's childhood.
Larsen & Toubro (L&T), India's largest construction and engineering player, has lost as many as 14 large orders in the country because companies that don't possess adequate technical expertise and experience, of late, have won the projects by bidding lower, claimed A M Naik, non-executive chairman of L&T. But the company has made up for the losses by winning projects overseas, where it has acquired a sizeable market share amid tough competition from large global players, he said.
The actor raised funds to clothe the needy.
S&P Global Ratings on Wednesday said Indian banks face a systemic risk as the second COVID wave will impair the performance of financial institutions in the April-September period. Stating that economic recovery remains highly vulnerable to setbacks due to COVID, particularly if fresh outbreaks trigger new lockdowns, S&P said the banking sector's weak loans will likely remain elevated at 11-12 per cent of gross loans in the next 12 to 18 months. "The second wave has front-ended weakness in asset quality," said S&P Global Ratings Credit Analyst Deepali Seth Chhabria. "Financial institutions face a strained first half amid weak collections and poor disbursements."
Many Bollywood personalities attend Vora's chautha ceremony.
Dilip Chhabria's sports car is set to be launched this Diwali; first year's production already sold out
The Supreme Court on Tuesday issued notice to the market regulator Securities and Exchange Board of India on the issue of settlement reached between Vijay Mallya's UB Group and Chhabria Group
Johnnie Walker, the largest Scotch whisky, was also helped by healthy growth in India and South Africa.
The Court of First Instance formally charged Divadkar on Saturday while dismissing charges against Farhan Azmi, son of member of Parliament and Samajwadi Party leader Abu Azim Azmi.
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