Banks cannot treat compliance as a quarter-end activity, and must have stronger operational discipline and data governance throughout the year, Reserve Bank of India (RBI) Deputy Governor Swaminathan J said in a speech at the Third Annual Global Conference of the College of Supervisors.
Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of $2 billion, a release said on Friday. The transaction is subject to regulatory approvals and expected to close in the second half of 2024. "Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, today announced the signing of an agreement with ATC to acquire 100 per cent of equity interests in American Tower's operations in India (ATC India), for an enterprise value of Rs 16,500 crore ($2 billion) which is subject to pre-closing terms as per the securities purchase agreement," it said.
Vinesh Phogat locked Paris Olympics quota in the women's 50kg category, reaching the final at the Asian Olympic Qualifier without conceding a single point.
The free trade agreement (FTA) talks with India are no longer working towards a Diwali deadline though negotiations are progressing well, UK Trade Secretary Kemi Badenoch has said as New Delhi expressed confidence on Friday of an "early date" for a mutually beneficial deal. "There are ongoing negotiations as we know on the FTA. There is interest on both sides to see if we can work towards a deal, an FTA, that is beneficial to both the countries at an early date," external affairs ministry spokesperson Arindam Bagchi told reporters in New Delhi. It came as External Affairs Minister S Jaishankar spoke to his UK counterpart, James Cleverly, and referenced the Roadmap 2030 bilateral agreement signed between Prime Minister Narendra Modi and former UK PM Boris Johnson in May last year, with no specific reference to the FTA.
The UK government said on Tuesday that it has kicked off preparations for a free trade agreement (FTA) with India, launching a 14-week consultation to seek the views of the public and business before formal negotiations begin later this year. UK Trade Secretary Liz Truss said Britain wants a trade deal with India that pushes new frontiers and welcomes wide input from consumers and businesses across all sectors, which will help craft a deal that includes closer cooperation in "future-focused industries" such as science, technology and services, creating high-value jobs across the country. "We're firing the starting gun on a free trade deal with India - the world's largest democracy, fifth-biggest economy, a nation of 1.4 billion people and a huge market for British goods like whisky, cars and services," said Truss.
Rediff readers shared these pictures from their travels.
Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.
Threshold limit of investment may come down for setting up semiconductor fabrication plants.
A rogue worm has hit the site, which directs the victim to an IP address, asking to download a fake antivirus.
The department of information and technology (DIT) is considering an amendment in the Information Technology Act (IT Act) to facilitate this move, according to an internal note prepared by the department of telecommunications (DoT).
The DIT will have the software ready by end of September which will help decode 22 languages recognised by the Constitution.
"We have already put up draft rules of the IT (Amendment) Act on the website and have also received comments ... We are trying to finalise the rules within a month," Department of Information Technology (DIT) Secretary R Chandrashekhar told reporters on the sidelines of a CII conference in New Delhi on Monday.
The Indian Institute of Quality Management, in association with ETDC, invites applications for its ISMS Auditor and Lead Auditor training programmes.
After failing to draw sufficient investments for its functioning, the much-touted Media Lab Asia project may be wound up with the department of information technology planning to make it a purely government-aided research and development outfit.
Spanish striker Raul scored twice in an impressive 3-1 victory.
Maneka Gandhi will contest from Sultanpur and Varun Gandhi from Pilibhit.
Government has pegged the annual budget of the Department of IT at last year's level of Rs 470 crore (Rs 4.7 billion) for 2003-04 even as DIT scaled down its original demand by over 50 per cent.
Of the 200 to 250 students who enroll in a graduate language course at Doon University annually, nearly all are assured placement in a range of companies like Amazon (France), AXA Insurance, Oracle and Capgemini.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Alas, the 'basic income' schemes that have hit the headlines in the recent past are a far cry from the genuine article in terms of coverage and fiscal implications, says Vijay Joshi.
When you think of Indian Maharajas of yore what is the one thing that comes to mind? Jewels! And that is exactly what the world will witness at Christie's, New York during its upcoming auction -- "Maharajas and Mughal Magnificence". The "unprecedented group" of objects is from The Al Thani Collection of the royal family of Qatar. It is expected to see competitive bidding from across the globe. As per Christie's, this collection is poised to be the most valuable auction of jewellery and jewelled objects. The current record is held by The Collection of Elizabeth Taylor, which totals $144 million (Rs 1,003 crore). Mughal emperor Shah Jahan's jade hilted dagger, the priceless jewels of the Nizams of Hyderabad, and a string of pearls belonging to Rajmata Gayatri Devi of Jaipur are among the 400 royal artefacts that would be auctioned on Wednesday. Here's a glimpse of the astounding jewels that will be auctioned.
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