38 auditors resigned in 2022-23, compared with 46 the previous year.
Keki Mistry, bottom, left, vice-chairman, Housing Development Finance Corporation (HDFC), tells Joydeep Ghosh that debt fund investors could become risk-averse, leading to problems for other non-banking financial companies.
'I don't know where this acting keeda came into her. One day she just announced she was going to be an actor. And that was it.'
North Korean shooters snub South Koreans on podium
Officials said that Moscow has dispatched a panel of inquiry to probe into the incident.
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
Only investors with a higher risk appetite should enter these funds.
Arai Enn 305 il Kadavul's album by Vidyasagar is listener friendly with the right mix of fast beats, melody and entertaining lyrics. Go for it!
India may have created history by inducting its first Airborne Warning and Control System in New Delhi on Thursday but the IAF is planning to replace the Russian IL-76 aircraft with some other 'modern aircraft' as the platform for the system in future.
Continuing the efforts to strengthen its presence in telecom JV with Hutchison, Ruias' Essar Group is considering buying Max Telecom and IL&FS's 3.16 per cent stake in the Hutch-Essar joint venture.
Russia's unprecedented rapprochement with North Korea has raised concerns about the re-emergence of a Russia-China-North Korea alliance which could increase the probability of conflict on the Korean Peninsula, explains Dr Rajaram Panda.
Handing out a reprimand to the Navy for the lapse, the CAG said this was 'seriously limiting their operations capabilities.'
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24. It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26.
The on-time performance (OTP) of Indian carriers took a major dip in January as dense fog foiled their flight schedules. According to data from the Ministry of Civil Aviation reviewed by Business Standard, five out of six major Indian carriers - IndiGo, Air India, AIX Connect, Akasa Air, and Vistara - recorded their lowest OTPs in at least the last 11 months. In response to queries, an Air India spokesperson said that during this winter, northern India experienced unusually prolonged periods of dense fog affecting traffic at the airline's two largest hubs -- Delhi and Mumbai.
The Indian contingent of 550 personnel is among the largest Indian deployments for an overseas military exercise.
Infrastructure Leasing and Finance Company is poised to acquire management control of the troubled infrastructure company Maytas Infrastructure owned by family members of Ramalinga Raju, former chairman and managing director of Satyam Computers, who confessed to financial fraud on January 7. The leading non-banking finance company is emerging as a government preference given its prominent role in infrastructure finance in the country.
Chinese Premier Wen Jiabao arrived in the Democratic People''s Republic of Korea (DPRK) for talks with top leader Kim Jong-il Sunday and said that he would pushing for the creation of a nuclear-free Korean peninsula.
The city is in garba and dandiya practice mode.
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
With eight of the nine apparel parks failing to take off, the government proposes to review the scheme and come out with a new one by March end.
Japan's Orix Corporation, which was in talks with Reliance Industries (RIL) to sell its 23.87 per cent stake in Infrastructure Leasing and Finance Company (IL&FS), has bowled a googly.
Life Insurance Corporation of India, Housing Development Finance Corporation and State Bank of India together own a little over 45 per cent in IL&FS. The deal is expected to be valued around $2.5 billion.
The phenomenon of fog is largely Delhi-centric. 'Airlines may think that we only have conditions of extreme fog on a few days every year, and spending a pilot's time and the airline's money on training can add up to its expenses.' 'So, they may prefer holding it for a few days.'
Accompanied by arms industry and military officials, Kim plans to offer the embattled Russian president weapons for the war in Ukraine in exchange for food, technology and cash.
This will be the first Republic Day celebrations hosted at the ceremonial boulevard after Rajpath was renamed Kartavya Path last year.
One fear among regulators is that allowing side pocketing could lead to fund managers taking higher risks. Even in the US, side pocketing is not allowed in mutual funds, only in hedge funds
The ministry informed the tribunal that former head of ILFS Financial Services Ramesh Chandra Bawa withdrew/transferred Rs 1 crore and Rs 14 lakh from Axis Bank accounts in two instances which are in violation of the December 3, 2018 order of the tribunal which had frozen these accounts.
'Hope is about being more accepting of each other, the kind of solidarity and friendship that even our families may not be able to give.'
The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
North Korea's dictator Kim Jong-il is seriously ill and may only have a few months to live, a British newspaper reported, quoting a source within the family of the reclusive "Dear Leader" as saying. "He does not have all that much longer to live and my sources say the doctors' diagnosis is that he will die before the end of the year," Prof Toshimitsu Shigemura, an expert on North Korea at Waseda University, told The Daily Telegraph.
Russian President Vladimir Putin and North Korean Dictator Kim Jong Un met at a remote space centre in Russia's Far East region Amur on Wednesday, September 13, 2023.
SL all-rounder Wanindu Hasaranga retires from Test cricket
For India, it is a symbol of will and a successful feat of arms.
India's largest private equity fund management company IL&FS Investment Managers Ltd said on Tuesday it will invest $100 million in QVC Realty making it the first venture capital-backed real estate start-up in the country.
Standard Chartered and IL&FS Investment Managers are close to signing an agreement to raise a $1 billion India-focused infrastructure private equity fund.
Led by United States President Barack Obama, top American officials have reached out to key global leaders, including Japan, China, Russia and South Korea for stability of Korean Peninsula following the death of North Korea leader, Kim Jong-il. Obama himself called the South Korean President Lee Myung-bak, on Monday night during which he reaffirmed the US' commitment to the stability of the Korean Peninsula.
Neha Dhupia, Ajay Devgn, Rakul Singh, Kartik Aaryan, Kiara Advani, Esha Gupta are among the film folk Pradeep Bandekar glimpses on Monday.
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