Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
Aircraft manufacturer Boeing on Saturday said it continues to support the ongoing investigation into the Air India Flight AI171 crash, hours after the Aircraft Accident Investigation Bureau (AAIB) released its preliminary report on the incident that occurred in Ahmedabad.
Despite outstanding performances in the IPL and on the international stage, several big names failed to make the cut.
India's cricketing journey post-independence is a saga of triumphs! From iconic World Cup wins to unforgettable Test series victories, the nation's passion for cricket shines through.
The ruling Bharatiya Janata Party in Gujarat was unable to end its 18-year jinx in Visavadar as it lost the bypolls to Arvind Kejriwal's Aam Aadmi Party despite a strong campaign.
Families mourn the devastating loss of their loved ones in the tragic plane crash.
'The overall well-being of the pilots should be at the top of any airline's agenda in such situations.'
Glimpses from India and around the world that will make you smile and cry.
The restructuring of tariffs by the US has led to a shift in the list of key product suppliers to the American market, with India emerging as one of the beneficiaries at the expense of China and Canada, an official said on Monday. As per an analysis, India's share in the USA's electronics exports has increased to 7.2 per cent to 3.5 per cent year-on-year in May, while China's share dipped to 11 per cent from 22 per cent during the same period.
Why not stream all the data in real time to multiple recipients? It would make the investigation of aviation incidents much easier and far more transparent, recommends Devangshu Datta.
Dave complained of uneasiness at his home on Thursday morning and was rushed to AIIMS.
Talking to reporters after a meeting of the state cabinet, he said Chief Minister Bhupendra Patel and the entire cabinet offered tributes to those who had lost their lives in the June 12 plane crash in Ahmedabad during the meet.
Under the civil aviation ministry, AAIB is responsible for the classification of safety occurrences, involving aircraft operating in the Indian airspace into accidents and serious incidents.
In a heartwarming display of interfaith harmony, a Muslim family in Pune came to the aid of a Hindu couple whose wedding rituals were disrupted by heavy rains. When the Hindu couple's outdoor ceremony was threatened, the Muslim family, who were celebrating their own wedding reception, offered their venue for the Hindu couple to complete their 'saptapadi' ritual. The gesture of kindness and understanding is a testament to the growing spirit of interfaith harmony in India.
The Singapore International Arbitration Centre (SIAC) has awarded Rs 23.7 crore in damages, besides arbitration and litigation costs, to Amazon in its long-running dispute with the Kishore Biyani-led Future Group. The three-member bench of the tribunal held that Future Group had breached the terms of its contract with Amazon by entering into a transaction with Reliance.
Vasant Shinde, a former municipal council president of Jintur in Parbhani district, told PTI that he survived the 1993 tragedy, in which 55 people lost their lives, as the aircraft flew into an 11 KV powerline, which fortunately did not have any supply.
At Ahmedabad's Civil Hospital, DNA samples from over 190 relatives are being matched with victims of the Air India crash, a process expected to take up to 72 hours.
India has a comparative edge over key competitors in a majority of products it exports to the US and stands to gain market share as the US raises tariffs on its major trade partners, NITI Aayog said on Monday. In its quarterly trade report, it recommended that the government fast-track the India-US free trade agreement with time-bound goals to resolve non-tariff barriers and finalise digital trade rules on data flows and e-signatures to support services exports.
The Aircraft Accident Investigation Bureau has already launched a formal investigation into the incident.
The Housefull 4 hit song is David Warner's new challenge.
Rupal Patel (45), who was visiting her maternal home from London in Uttarsanda village in Nadiad of Kheda district for medical treatment, was one of the 241 passengers onboard that were killed in the deadly Ahmedabad plane crash.
The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.
A local who resides near the AI-171 crash site said that people rescued injured students from the BJ Medical College. He added that people were alive when they rescued them, but two died on their way to the hospital.
The area around the crash site is densely populated.
'The switch can't be shut off by an accidental brush of the hand, but needs effort, conscious physical action to operate it.' 'Was it the software of the aeroplane that caused the switch to turn off?' 'Was it the hardware of the aeroplane?' 'Was it both software and hardware put together?'
The US federal agency, National Transportation Safety Board (NTSB), responsible for the investigation of aviation accidents and significant transportation events in the country, on Friday (local time) issued a strong rebuke of recent media coverage made over the preliminary investigative report on the aftermath of the ill-fated Air India 171 crash that claimed 260 lives in Gujarat's Ahmedabad last month.
'Trailblazer' and former England fast bowler Lawrence dies at 61
All 33 persons from Gujarat, who were among 104 Indians deported from the US for illegal immigration, were safely transported to their native places on Thursday in state vehicles under the supervision of police, the state government said.
'Just as we cannot surrender the interests of our farmers and dairy industry, Trump is also looking for markets for the produce of the farmers in the Midwest, which are his support base.'
Authorities will conduct a survey of the areas surrounding the Ahmedabad airport, in the wake of last week's Air India plane crash that claimed 270 lives, to check whether any structures were violating height norms and posing a threat to aircraft safety, an official said on Thursday.
Neither anyone from the airline (Air India), nor from the government has contacted them so far, he said.
It added that as per international protocols under the International Civil Aviation Organisation, all information on the investigation will be provided by the government of India.
Speaking about the building in which the plane crashed, the eyewitness said, "It is a residential building, doctors live there."
Aviation expert Captain Mohan Ranganathan claims human error led to the Air India plane crash and calls for more transparency in the AAIB's preliminary report.
A five-member team, headed by Sanjay Kumar Singh, is probing the fatal crash of the Air India aircraft last month in Ahmedabad that killed 260 people. The Aircraft Accident Investigation Bureau (AAIB) has released its preliminary report and appointed the team.
An official expressed hope that the DNA profiling all the victims will be completed by either Tuesday evening or Wednesday morning.
India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.
An aviation expert suggests investigators should focus on a possible fault in the stabiliser of the crashed Air India flight.
'Geopolitically and diplomatically it's a very difficult situation for India.'
Domestic passenger vehicle wholesales were down 0.8 per cent at 3,44,656 units in May this year as compared to 3,47,492 units in the same month last year, Society of Indian Automobile Manufacturers said on Monday.
