Who was your inspiration in Childhood ? My father was my inspiration in Childhood. He always preached us that luck sure comes at the door and knocks too but your efforts More »
Top of the Town: Ravindra Bhadana, MLA Indian politician and a member of the 16th Legislative Assembly of Uttar Pradesh of India
1. आपका बचपन में प्रेरणा स्त्रोत कौन था? मेरे पूज्य बाबाजी स्वर्गीय श्री रामसिंह जी । जो एक कृषक थे, एक सामाजिक व्यक्ति थे। उन्होंने जिंदगी में मुझे जीना सीखाया। प्ररेणा भी More »
Mr. Vikram Parakash Lamba, MD American Institute of English Language Pvt. Ltd. with 300+ Centers all across India Who was your inspiration in Childhood ? My mother and father were my source More »
Top of the town: Dr. Mohini Lamba, Director in American Kids Play School, Early Childhood Curriculum Developer, Montessori Teachers Trainer
Who was your inspiration in Childhood ? My inspiration was my family. I was surrounded by educators in my family. Ma Nanaji, Mamaji, my mother everybody was into academics. My Mamaji was More »
Top of the Town: Mrs. Monika Kohli, 52 years young model and actor, into print ads, T.V. commercials and movies
Who was your inspiration in Childhood ? I always believed that inspiration is from inside and not from outside. Only you can inspire yourself. Outward inspirations are momentary and do not stay More »
Dr.Vishwajeet Bembi, renowned Physician and Social Worker Who was your inspiration in Childhood ? My mother was my inspiration in my childhood and she is still my inspiration. My brother had also More »
Top of the town: Mr. Rakesh Kohli, Chairman, Stag International known for sporting goods in different countries of the world.
Who was your inspiration in Childhood ? My grandfather was my biggest inspiration. I had learnt the minutest details of life from him. I learnt a lot from him about business. Like More »
Who was your inspiration in Childhood ? I think in my childhood it was the national leaders like Gandhi ji and Nehru ji who inspired me the most because our exposure at More »
Who was your inspiration in Childhood? Radio was my source of inspiration as I used to listen to loads of music and radio and tape recorder were the only source to listen More »
Having retained Virat Kohli, AB de Villiers and young talent Sarfaraz Khan before the IPL player auction earlier this year, the owners spent Rs 48.85 crore on purchasing 21 players for the 11th season of the league starting April 7.
NEW DELHI: A massive Rs 2.11 lakh crore bailout package for India’s dominant state-run banks will not happen again and lenders will have to find their own funding by selling non-core assets and merging with each other, a senior government official said on Monday.
Twenty-one banks, majority owned by the government, account for more than two-thirds of the banking assets in Asia’s third-biggest economy. These lenders also account for close to 90 per cent of soured loans in the banking sector.
Last October, the finance ministry announced a state-bank rescue plan worth Rs 2.11 lakh crore – about Rs 91,000 crore of which it is in the process of injecting as a first tranche – to help banks set aside enough for their bad loans and boost credit growth in an economy where banks are the main source of funding.
“My message is no more recapitalization. Whatever has happened, has happened. Clean up on your own,” the official who oversees the state banking sector told Reuters.
“We brought you out of the intensive care unit (ICU). Now, if you again go back to the ICU, and we keep bringing you out, that’s not how it’s done,” said the official, declining to be named.
The government would like to get the total number of state-run banks to down to 12-13 from 21 now through mergers, the official said. He did not give a time-frame for such deals, but expected some bank mergers to happen during the current financial year that began on Sunday.
“You either shrink or find some synergy,” the official said.
Recent rule changes by the Reserve Bank of India that did away with existing loan-restructuring schemes and aims to steer more defaulting companies into the bankruptcy courts could mean non-performing loans in state-run banks could rise from nearly 8 trillion rupees now, the official said, although he added 10 trillion rupees would be the upper limit for any such increase.
Including restructured or rolled over loans, all banks in India had a total Rs 9.5 lakh crore of soured loans as of end-December, central bank data shows. State-run banks’ stressed loan pile was Rs 8.26 lakh crore, or 15.8 per cent of their total loans.
To avert situations like the fraud in state-run Punjab National Bank that stunned the financial sector, the government is asking banks to constantly monitor loans above Rs 250 crore and report at their board meetings every quarter, the official said.
The government is also working to ease the country’s fledgling bankruptcy laws to help speed up the resolution process, the official said.
One of the proposals is to allow a resolution process to go ahead if 66 per cent of the creditors vote for it, compared with the current requirement of a minimum of 75 per cent.
“We are facing some resistance here from the promoters,” the official said, referring to the main backers of companies.
“But we are planning to ease the process with more changes.”
NEW DELHI: New models and strong demand helped car and SUV sales shrug off the post-GST blues and close 2017-18 with healthy numbers, though high fuel prices and fears of rise in interest rates may dampen the momentum in the current financial year.
Top car makers such as Maruti Suzuki, Hyundai, Mahindras and Tata Motors reported a growth in sales in 2016-17, even though Toyota and Ford failed to keep pace and slipped by around 2%. Models such as Maruti’s new Swift and Brezza mini SUV, Hyundai’s Verna and Tata Motor’s Nexon fuelled demand.
However, companies say 2018-19 may be challenging as some negative factors have been building up over the past few months. “The industry is on a positive on the strength of macro-economic factors, backed by stability in policies,” Rakesh Srivastava, director (sales & marketing) at Hyundai India said. “Hardening of interest rates and increase in fuel prices could challenge the growth rate, especially in the entry segment, where cost of acquisition and cost of operations are key factors for buyers.” Companies have also been complaining about GST rates on cars, and say these should be reduced to push demand.
“There are headwinds in terms of impending increase in interest rates, crude prices, and inflation,” Ford India MD Anurag Mehrotra said.
Maruti has been growing strongly and has increased share as it expands model lineup and retail presence. The company is getting new vehicles as parent Suzuki is ramping up Gujarat factory premises and investing in additional production lines.
Sales of Tata Motors have grown 22% in 2017-18, led by new models as well as a low base. New cars such as Nexon, Hexa and Tigor have combined well with the Tiago compact.
Former India weightlifter Karnam Malleswari has shown full confidence in India’s 225-member contingent and has backed it to return home with its best showing ever at the Commonwealth Games. In the last three editions, the Indian contingent has amassed a total of 215 medals – 50 in 2006, 101 in 2010 and 64 in 2014 – and Malleswari believes that this editions can bring India its best medal tally at the Quadrennial Games.
NEW DELHI: Equity benchmark indices opened on a flat note on Tuesday, a day after markets got off to an encouraging start in the new fiscal.
30-share BSE Sensex 58 points below previous closing mark at 33,197.42 but regained steam soon enough and was testing the 33,300-mark at 9.35 am. Broader 50-share NSE Nifty too opened with minor losses below the 10,200-mark before clawing back.
In morning trade, all sectoral sub-indices, with the exception of IT and Metal were in the green. The PSU Bank sub-index was up 2.60 per cent while pharma stocks too, were performing handsomely.