Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Stone-pelting youth were not giving up their lives for tourism but for resolution of the Kashmir issue as per the wishes of its people, National Conference president Farooq Abdullah on Wednesday said.
'The government has said it has kept its powder dry to fight the true battle against the debilitating influence of the pandemic.' 'The release of the shocking economic data this week should act as the fuse for using that powder now.' 'Further delays will make the battle that much harder,' notes Shreekant Sambrani.
ICICI Bank on Monday said it sees no impact of the Greek debt crisis on the bank as it has no exposure to Europe.
'Learning by doing is in our genes.' 'We are applying the wrong method by making our children sit in a classroom for eight hours, listening to someone talk.'
The struggling steelmaker said the sale includes several South Yorkshire-based assets, including electric arc steelworks and bar mill at Rotherham, steel-purifying facility in Stocksbridge and a mill in Brinsworth.
Columnist Rajni Bakshi asks if the louder responses to the climate crisis will be those arguing that innovations are viable only when they give handsome and rapid monetary returns?
Lack of basic sanitation affects people's dignity.
Indian software firms have been retraining their workforce in emerging technology areas, also helping them get certified
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
Adani described the meeting as warm and productive.
A minor fire followed by smoke at the venue of Kerala Chief Minister Oommen Chandy's mass contact programme held here amid tight security gave tense moments to police and other officials on Friday.
Sending a strong message to Pakistan, Rajnath also said the neighbouring country should change its attitude and approach towards Kashmir.
'When a new superhero film releases, China creates figurines based on the film and puts them out in the market along with the film's release.' 'Does our domestic manufacturing sector been able to do it so quickly? No.' 'We have a large millennial population and we have to make products that are more in line with the tastes of those people.' 'The MSME sector can win back its customers only this way.' 'When they change with the consumers's needs, there will be a move towards Indian products.'
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
The PAC, headed by Congress lawmaker K V Thomas, is keen to find out the details of huge loans given by the banks to corporates including the basis on which such favours were extended.
Modi said that only governments and their initiatives will not make a New India.
A chat with employees at Paharpur gives you a brief glimpse into a happy and energetic workplace.
Strongly defending Israel, the United States President Barack Obama has said no country would tolerate launching of rockets and terror attacks on its cities, as he called for the extension of a ceasefire in Gaza.
In his first email to employees, Vishal Sikka exuded confidence that he will build a sustainable business.
The climate conference on Saturday came out with an ambitious final draft that will commit USD 100 billion a year from 2020 to help developing countries.
OSCO E&C said Adani had asked it to halt its design work as of July 16, with tentative plans to resume work in early October.
Flipkart Supermart is already live in Bengaluru, Chennai, Hyderabad and Delhi
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
Prime Minister Narendra Modi on Sunday told scientists that the government would make it easier to do scientific research in the country and asked them to keep the five principles of economy, environment, energy, empathy, equity at the centre of enquiry and engineering.
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
The CM thanked Prime Minister Narendra Modi for his support to Jallikattu, an emotive issue which triggered mass protests across the state.
At a time when the whole world is going ga-ga over stocks and debt is too easy to borrow, do not forget gold, says Anil Rego.
rench President Emmanuel Macron and Modi have been jointly recognised in the Policy Leadership category for their pioneering work in championing the International Solar Alliance and promoting new areas of levels of cooperation on environmental action, including Macron's work on the Global Pact for the Environment and Modi's unprecedented pledge to eliminate all single-use plastic in India by 2022.
'China is where the action is, and from where new ideas ('String of Pearls', 'One Belt, One Road') emanate.' 'The Belt-and-Road initiative alone is unmatched in its sweeping dimensions,' says B S Raghavan.
'Economically, if there are too many losers, macro-demand will suffer and undercut growth.' 'In more developed societies, the issue is resolved through the provision of safety nets, which don't exist in India.' points out T N Ninan.
Appropriate policies will increase connectivity much more than spectrum auctions, says Shyam Ponappa.
Move follows Tata Steel decision to sell its loss-making businesses in Britain
The Bharatiya Janata Party supported the Telangana bill in Rajya Sabha onThursday but sought amendments to ensure the Seemandhra region got justice and a "defective" legislation was not passed.
England are the favourites, but India's tried-and-tested squad are in the hunt in the Champions Trophy.
Modi govt is aiming to recast the urban landscape of the country by making cities more livable.
Malini Agarwal reveals how she blogged her way to Bollywood, fame and success.
It's time the government accepts that Digital India is too distant.
"No other relationship of India has as many layers as our relations with China. We are the world's two most populous countries and among the fastest growing major economies. Our cooperation is expanding," he said.
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