The project called 'DLF MetroRail, Gurgaon' has been bagged on concession by the consortium for a period of 99 years to build and operate the metro system. The consortium, where DLF would have a 26 per cent stake while IL&FS would hold the rest, would invest invest Rs 900 crore (Rs 9 billion) in developing the project.
The biennial tri-services exercise, Bright-Star, is taking place at Cairo (West) Air Base and it is being participated by militaries of the US, Saudi Arabia, Greece and Qatar besides of the host country and India, officials said.
'The othering of religious groups inevitably leads to violence.' 'It is sadly a narrative that has echoed through the centuries since man first discovered God.'
'In 1984, Pyongyang just had one hotel and one could not move out without an official escort.' 'India was the only country with an embassy, apart from the socialist countries.'
Glimpses from the military parade to mark the 75th anniversary of North Korea's army at Kim Il Sung Square in Pyongyang.
They share their excitement :)
Growing up in the Mumbai of 1970s, Uday Kotak aspired to be a cricketer and trained under legendary coach Ramakant Aachrekar. However, it was an on-field injury which resulted in a shift to finance. He started off with bill discounting, turned to lending and successfully applied to start a universal bank in the first decade of the millennium, as India was warming up to private play in banking.
But the industry's chief executives remain confident of the long-term growth potential of NBFCs in India, given their specialised lending on the asset side, last-mile reach, and a well-capitalised balance sheet. "Over the years, NBFCs have faced many crises.
Banks are gaining market share at the expense of non-bank lenders such as housing finance companies, retail lenders, and those giving gold loans. There has been a steady decline in the market share of non-banking financial companies (NBFCs) in the credit market as banks have stepped up lending. NBFCs' share declined to a five-year low of 19.8 per cent in the first half of FY23, down from 20.3 per cent in H1FY22, and an all-time high of 23.1 per cent in H1FY19.
All equipment from the Army which were part of the Republic Day celebrations are made-in-India, Chief of Staff Delhi Area Maj Gen Bhavnish Kumar had earlier said.
Several aircraft such as Light Combat Aircraft (LCA) Tejas, Sukhoi, Jaguar, Rafale, IL-76, C-130J, and Hawk displayed their skillful manoeuvres, amid a thundering applause from the gathering.
Rediff readers share their best monsoon memories.
I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.
'I haven't learnt singing professionally, but Indian Idol is my dream.'
The latest whistle-blower revelations of multiple shenanigans at global ride-hailing app Uber, coming thick and fast after serial exposes of various dodgy practices at Facebook, Apple, Amazon, Netflix, Google in the recent past raises uncomfortable questions about India Inc. If the FAANGs, Twitter and Uber can be guilty of multiple and diverse transgressions what's happening in Indian corporations? It can be nobody's case that India's largely family-owned and - managed private sector is a beacon of transparency or best corporate governance practices, bolstered as it is by an informal omerta among employees, managements and even boards.
Here's what you need to know about the opening ceremony of the Nov. 20-Dec. 18 World Cup in Qatar
Look who Photographer Pradeep Bandekar spotted on Monday.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In a press release, UFBU's convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 486,800 crore and it was resolved at Rs 161,820 crore resulting in a loss of Rs 284,980 crore.
Katrina's in New York... Ishaan's in France... Helen and Bindu's rare appearance...
Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets have factored in the problems with the Kolkata-based firms. Such regulatory steps will help in making the NBFC space more robust, bankers and market experts said. The action should have begun earlier because the Reserve Bank of India (RBI) had done a special audit last financial year and asked the group to make provisions for assets considered stressed, analysts said.
Only NIIF has stayed the course as a viable infrastructure financing institution.
As Prime Minister Narendra Damodardas Modi, United States President Joe Biden, Japanese Prime Minister Kishida Fumio and Australian Prime Minister Anthony Albanese met at the Kantei palace in Tokyo on Tuesday, May 24, 2022, to give the Quad a boost, Chinese and Russian warplanes on Tuesday conducted joint air patrols over the Sea of Japan, the East China Sea and the West Pacific Ocean.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
Preity meets Chris Gayle... The moods of Soha-Kunal... 25 years of Border...
As part of the operation, C-17 and IL-76 aircraft of the IAF airlifted two empty cryogenic oxygen containers and one IL-76 aircraft airlifted one empty container to Panagarhon Thursday, said the IAF.
A week before the launch of the 10th season of Jhalak Dikhhla Jaa, its makers threw a grand party for the contestants and star judges.
This move was triggered by a whistleblower complaint sent to Sebi against senior management interference in ensuring good ratings specifically in IL&FS and its subsidiaries.
Kiara has breakfast on a flight... Ayushmann makes an announcement... Vidya starts shooting...
Outperforming peers following a crisis in the debt markets is an act that ICICI Prudential Asset Management Company fund manager Manish Banthia has pulled off more than once.
President Droupadi Murmu will lead the nation in celebrating the Republic Day, and Egypt's President Abdel Fattah al-Sisi will be the chief guest at the ceremonial event.
Dhanashree and Louise are two of the most animated cheerleaders in the RR box, and why not? If Jos has the Orange Cap, Yuzi has the Purple Cap!
'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
Take a look at some gorgeous pics of the venue.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Beresheet was developed by SpaceIL and Israel Aerospace Industries. If the mission had been completed successfully, Israel would have been the fourth country, after the Soviet Union, the United States and China, to land a spacecraft on the moon.
Without disclosing reasons, ICRA informed the stock exchanges on Thursday, 'The board, after due consideration and taking into account the best interests of the company and its various stakeholders, has decided to terminate the employment of Takkar with immediate effect.'
The disengagement process between India and China in eastern Ladakh is in final stages and on the brink of completion, top officials of the country's defence establishment on Thursday told a parliamentary panel during a meeting, which sources said turned 'stormy' amid several questions asked by opposition members including Congress leader Rahul Gandhi.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
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