Daily Archives: October 4, 2019

Here’s what Saif revealed about Taimur!

Saif Ali Khan and Kareena Kapoor Khan’s son Taimur Ali Khan is a huge internet sensation and paparazzi’s favourite kid. Pictures and videos of the little Nawab take over the internet in no time. And hence, camera persons used to stand outside Saif’s house to catch the glimpse of Tim whenever possible.

Miley Cyrus shares kiss with Cody Simpson

After calling it quits with Kaitlynn Carter, Miley Cyrus is spending some quality time with friend and singer Cody Simpson.

Ashok Leyland to take 2-15 non working days in October

Ashok Leyland has announced its various plants will take between 2-15 non-working days in October. This is to “align production in line with our sales,” the company said in a stock exchange filing on Friday.

RBI moves towards rupee convertibility

In one of the small steps towards capital account convertibility, the RBI has allowed foreign exchange-settled rupee derivatives trading in International Financial Services Centres (like the GIFT City in Gujarat). It also allowed banks to offer non-residents both rupee accounts without time limits and foreign exchange.

India Inc scrambles to weed out biases at workplace

Sensex loses 1,150 points in just 4 trading sessions

After HDIL promoters, ex-MD of PMC Bank arrested

Joy Thomas, the suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank, was arrested in the Rs 4,355-crore cheating case involving the bank on Friday. PMC Bank was placed under restrictions by the RBI on September 25 after it emerged that loans to real estate developer HDIL were not classified as bad loans through it was financially stressed.

Government to bring NBFCs under insolvency code

The government is set to bring non-banking finance companies within the ambit of the Insolvency and Bankruptcy Code, but in a slightly tweaked form, for smoother resolution of these entities and firewall the rest of the financial system from any possible adverse impact. The move comes at a time when several NBFCs are under stress.

James Gunn reacts to Martin Scorsese’s comment

Acclaimed Hollywood filmmaker Martin Scorsese recently told a magazine that he tried to watch Marvel superhero movies. However, according to him, they cannot be considered as cinema.

RBI cuts repo rate to 9-year low

As expected, the Reserve Bank of India (RBI) lowered its key policy rate yet again on Friday — the fifth successive time this year that it has done so in a bid to spur slowing economic growth. But the news was overshadowed by the RBI’s announcement that it was sharply reducing India’s growth forecast for the fiscal year to 6.1% from 6.9% earlier.