Sunday, November 25, 2018

Latest News Headlines Sun Nov 25 13:07:54 IST 2018

  1. PM Modi says communication will be more effective if we accept instead of expect & discuss instead of dismiss
  2. Australia lift Women's World T-20 title for fourth time by defeating England
  3. English rendering of PM’s address in 50th episode of Mann Ki Baat on 25.11.2018
  4. PM condoles demise of Shri Ambareesh
  5. PM congratulates Mary Kom on winning Gold in Women’s World Boxing Championships
  6. PM condoles loss of lives due to bus accident in Mandya, Karnataka
  7. Australia lift Women's World T-20 title for fourth time by defeating England
  8. PM Modi today says communication will be more effective if we accept instead of expect & discuss instead of dismiss
  9. INDIAN PANAROMA (NON-FEATURE) DIRECTORS HIGHLIGHT THE CHALLENGES AND THE IMPORTANCE OF NON FEATURE FILMS
  10. Text of PM’s address at the Guru Nanak Jayanti celebrations at residence of Shri Sukhbir Singh Badal.
  11. Government of India to observe the remembrance of100 years of the historical Jallianwalla Bagh massacre
  12. Love and Service was the message of Sri. Sathya Sai Baba. His message is universal and timeless and his life is an inspiration to people across the globe: VP
  13. IS counter-attacks kill 47 US-backed fighters in east Syria
  14. J&K: Six terrorists killed in encounter with security forces in Shopian district
  15. PM Modi: Congress government promoted divisive politics
  16. Radio is powerful means of communication , says PM Modi
  17. Land leasing act yet to find many takers across state governments: NITI Aayog - Knn India
  18. NITI Aayog holds meaningful dialogue with cooperators - Indian Cooperative
  19. A decade after 26/11: A timeline (With: Memories fade 10 years post-26/11 Mumbai terror mayhem)
  20. Memories fade: 10 years after 26/11 Mumbai terror mayhem (Nov 26 is the 10th anniversary of the Mumbai terror attacks)
  21. CPSE merger: EY, Deloitte, four other firms bid for advising FinMin
  22. Six firms, including Ernst & Young LLP and Deloitte Touche Tohmatsu, are in the race for advising the Finance Ministry on two merger and acquisition (M&A) deals.
  23. Indian missions to issue passports to citizens abroad in less than 2 days
  24. 26/11 Anniversary: When LeT trained Ajmal Kasab on 'how to fish
  25. Pakistani militant group Lashkar-e-Taiba (LeT) gave "sea training" to 26/11 terror attack convict Ajmal Kasab in the high seas of "Karachi", revealed a new book "Fragile Frontiers: The Secret History of Mumbai Terror Attacks".
  26. Welspun India aims 50% revenue from innovation-based products by 2022
  27. Home textiles maker Welspun India is eyeing about 50 per cent of its revenue from innovation-based products by FY2021-22, a top company official said.
  28. Goa poll official asked for explanation for attending
  29. A Goa election official has been asked to provide an explanation for participating in a function reportedly organised by a political party.
  30. Kasab was "grinning" while firing at commuters: Rly announcer
  31. Ten years after the 26/11 Mumbai terror attacks, terrorist Mohammad Ajmal Kasab's grin is still etched in Vishnu Zende's memory.
  32. Uddhav offers prayers to Ram Lalla, says emotions of Hindus should not be taken for granted
  33. Shiv Sena chief Uddhav Thackeray Sunday said the BJP government at the Centre "may not last" if the Ram Temple is not constructed at Ayodhya and demanded that an ordinance be brought in to pave for its way, warning that emotions of Hindus should not be taken for granted.
  34. India to expedite 3 projects to stop its share of Indus waters from flowing into Pakistan
  35. India has decided to fast-track three projects, including construction of two dams, to arrest the unutilised water of its share under the bilateral Indus Waters Treaty with Pakistan, government officials said.
  36. Despite CIC orders, PMO refuses info on black money brought from abroad
  37. The Prime Minister's Office (PMO) has refused to share details on the quantum of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.
  38. Farmers to hold mega march in Delhi on Nov 29, 30
  39. Over one lakh farmers from across the country plan to assemble in the national capital on November 29 and 30 to participate in a mega march to protest against, what they have termed, the Centre's "failure" to address their issues.
  40. Study finds cannabis-based drugs help alleviate side-effects post-chemo; AIIMS to research further
  41. Cannabis leaves have been found effective in alleviating pain and other symptoms in cancer patients post chemotherapy and radiotherapy, according to a study conducted by an autonomous body under the ministry of AYUSH.
  42. US tourist's killing in Andaman sad incident: MoS External Affairs
  43. J-K: Six terrorists killed in Shopian encounter
  44. UN condemns deadly terror attacks in Pakistan
  45. The UN has condemned the two terrorist attacks in Pakistan and expressed hope that those behind the acts will be swiftly brought to justice.
  46. Sikhs in America hail Indian govt's decision to build Kartarpur corridor
  47. The Sikhs in America have hailed the Indian government's decision to build a religious corridor linking border district of Gurdaspur with historic Kartarpur Sahib gurudwara in Pakistan - fulfilling a long pending demand of the community.
  48. ICC announces team of Women World T20
  49. Britain's other brexit fight may bar It from $1.7 trillion WTO Deal
  50. Arrested Nissan ex-chairman Ghosn denies alleged financial breach: Report
  51. Carlos Ghosn
  52. Maruti Suzuki India
  53. passport, H-1B visa
  54. Jammu and Kashmir encounter
  55. MFs add 7.7 mn accounts in Apr-Oct, take total to all-time high of 80 mn
  56. mutual funds, money, investment, scanner, investigation, real estate
  57. 6 of top valued cos take Rs 740.3 bn m-cap hit; TCS leads with Rs 251.4 bn
  58. Meet Zora, the robot that's changing the way elderly are taken care of
  59. For oil market, the real Opec meeting will at next week's G20 summit
  60. Suzlon Energy gets revision in credit ratings
  61. Vikas Proppant & Granite receives export order worth Rs 448.47 crore
  62. lupin launches India's first chatbot for patients
  63. BEML receives order worth Rs 3015 crore for Mumbai Metro
  64. Stock broker count halves in three years on high costs, falling margins
  65. Amazon's Jeff Bezos To Spend Nearly $100 Million To Address Homelessness
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  80. PM congratulates Mary Kom on winning Gold in Women’s World Boxing Championships
  81. PM condoles loss of lives due to bus accident in Mandya, Karnataka
  82. Macro-data, political concerns to set equity indices' route
  83. European Union to approve Brexit deal: Tusk
  84. A decade after 26/11: A timeline
  85. Memories fade: 10 years after 26/11 Mumbai terror mayhem
  86. Macro-data, political concerns to set equity indices route (Market Outlook)
  87. Hizbul, LeT militants killed in J&K
  88. It was a cool night on November 26, 2008, when 10 heavily-armed Pakistani terrorists brazenly entered Mumbai through the soft Arabian Sea route in a dinghy.
  89. Ten years after the dastardly Mumbai terror attacks, memories of the bloody mayhem seem to have faded in peoples minds like some horrible nightmare â€Â" but for survivors and families of victims the day still evokes dread.
  90. Misty Saturday morning in Delhi, air quality 'very poor
  91. Minimum temperatures below freezing point in Kashmir Valley
  92. London to ban junk food adverts on public transport
  93. Magnificent' Mary creates history
  94. Priyanka, Jonas in Mumbai for wedding
  95. A decade since 26/11: The key questions
  96. Indian missions across the world to issue passports in less than 48 hours soon: V K Singh
  97. Ayodhya: Why 2018 might not be another 1992
  98. Shiv Sena has no role in temple movement: UP Dy CM Keshav Prasad Maurya
  99. Kasab was "grinning" while firing at commuters: Railway announcer
  100. Uddhav Thackeray offers prayers to Ram Lalla, says emotions of Hindus should not be taken for granted
  101. Emotions of Hindus should not be taken for granted
  102. Why Gurumurthy and RSS need a worldview
  103. India misses wake-up call from shadow-bank bust
  104. FinMin hopes 3-4 banks to be out of PCA this fiscal
  105. Indian missions to issue passports in less than 48 hrs soon
  106. Govt plans to complete sale of AI subsidiary AIATSL
  107. What RBI needs to do to meet licensing guidelines
  108. Why all attempts at ‘assimilating’ Andamanese tribes have ended badly
  109. Earlier in 2016, the Centre had announced that India would skip the BS-V norms altogether and adopt BS-VI norms.
  110. After the UK and the US, the project would be extended to all the Indian missions across the globe, Singh said.
  111. BITS Pilani
  112. Reliance General insurance
  113. Having put its bet on EVs, Mahindra group expects the technology from world electric car racing series Formula E to flow at a faster pace to...
  114. The IL&FS saga aptly underscores India’s lack of preparedness to handle the big shift in lending.
  115. Ad: Symbiosis
  116. Government plans to complete sale of Air India subsidiary AIATSL by March
  117. American Monster Trucks Association to bring the experience to India
  118. RBI should push for fresh issuance of shares by banks to meet licensing guidelines
  119. In tense Ayodhya, Shiv Sena chief dares BJP on Ram temple
  120. View: Sabarimala judgment is a test, and Malayalis are flunking it
  121. Saffron surge in Ayodhya gives locals jitters
  122. OECD expects India’s economy to grow close to 7.5% in 2019, 2020
  123. You keep Ali, we’ve got Bajrangbali: Yogi Adityanath to Kamal Nath
  124. The IL&FS saga aptly underscores India’s lack of preparedness to handle the big shift in lending.
  125. The bank has invited expressions of interest (EoIs) from ARCs for the sale of its non-performing assets (NPAs) by November 30, according to the tender document.
  126. Air India is reeling under a huge debt burden of over Rs 50,000 crore and the government is planning to sell its non-core subsidiaries of the national carrier.
  127. The RBI licensing guidelines for new private sector banks 2013, calls for promoter holding to be brought down in phases.
  128. The commerce ministry has finalised the policy and has forwarded it for the consideration of the Cabinet.
  129. Reliance Mutual Fund certainly thinks so. Across plans, the fund seems to own the entire 11.6 billion rupees ($163 million) raised by Morgan Credits. Reliance Mutual isn’t alone in doing such bilateral deals. As much as 3.27 percent of Yes Bank stake is with Yes Capital India Pvt., another of Kapoor’s vehicles. The family has monetized that stake, too, by issuing 6.3 billion rupees in zero-coupon notes. Most (if not all) of that is once again held by one fund: Franklin Templeton.But things haven’t gone according to plan. The RBI swung its regulatory bat, and the debt ceiling for Morgan Credits was breached. At current prices, 3.04 percent of Yes is valued at less than two times the money the mutual fund has lent to Morgan. As the bank’s shares swooned, the Kapoor family fulfilled its promise to bring in liquid funds to make up the shortfall.However, why let cash lie idle in a loan-servicing account? So, to allow this fund infusion to be reversed, a new version of the covenant was drummed up. The debt limit still holds, though now it would be busted only when the debt and accrued interest exceed half of Morgan’s 3.04 percent plus the 4.33 percent Kapoor owns in his own name. Satisfied by the legal strength of Kapoor’s personal guarantee, Care Ratings Ltd. reaffirmed the notes’ rating at A minus on Nov. 19.One can understand why the family may not want to keep bringing fresh cash into Morgan, especially if it means selling Yes Bank stock. Doing so would only add to market panic. Kapoor took to Twitter in September to take a dig at the other co-promoter who had sold some shares. “Diamonds are forever,” he quipped.Yet retail investors probably have no idea they’re the ones financing Kapoor’s diamonds, on the basis of debt covenants as fluffy as cotton candy. These are essentially unsecured loans to private investment companies, not suitable for mutual funds. Should fund managers use the cover of high credit ratings to mask the fact that no market exists for them whatsoever? That two months after the IL&FS debacle India’s financial industry should still be so unresponsive to risk-reward and fiduciary duties makes one wonder if these wild-swinging acrobats even deserve a safety net.
  130. No matter how many bans come her way, the Indian woman is not discarding the nightie anytime soon
  131. ICC Women's World T20: Three Indians in Team of the Tournament
  132. Akshay Kumar on working with Rajinikanth in 2.0: Humble is the word to describe Thalaivar
  133. Newlyweds Ranveer Singh-Deepika Padukone dance the night away at Mumbai party
  134. India vs Australia 3rd T20: India look to level series
  135. 3 Indians in WT20 team of the tournament
  136. Mary Kom wins record sixth World Championships gold
  137. Huawei to showcase Porsche Design Huawei Mate 20 RS in India on November 27
  138. Make way for the groom Ranveer Singh, he is back!
  139. NIFT 2019: Quick tips for successful exam preparation
  140. ICC Women’s World T20: Three Indians, Australians in Team of the Tournament
  141. Ranveer-Deepika Wedding Reception: दीपिका की ननंद ने दी रिसेप्शन पार्टी, डीजे पर जमकर डांस करते नजर आए ‘दीपवीर’
  142. पृथ्‍वी शॉ संग फोटो डाल ट्रोल हुए ऋषभ पंत, फैंस बोले- मैच फिनिश करने पर ध्‍यान दो!
  143. व्‍यस्‍त सड़कों के नजदीक काम करने वाली महिलाà¤"ं में ब्रेस्‍ट कैंसर का खतरा : रिसर्च
  144. ‘उद्धव ठाकरेंचा अयोध्या दौरा म्हणजे भाजपा-शिवसेना युतीसाठीची नौटंकी’
  145. ‘उद्धव ठाकरेंच्या अयोध्या दौऱ्याचा सरकारवर परिणाम नाही, उलट शिवसेनेची मतं वाढतील’
  146. ‘मन की बात’ सरकारी बात नाही – मोदी
  147. പത്ത് തികയ്ക്കാൻ ഇന്ത്യ; പരമ്പര നേടാൻ à´"സ്ട്രേലിയ
  148. ‘രാമക്ഷേത്രം നിര്‍മ്മിച്ചില്ലെങ്കില്‍ നിങ്ങള്‍ ഭരണത്തില്‍ ഇരിക്കില്ല’; ബിജെപിയോട് ഉദ്ദവ് താക്കറെ
  149. കാൽപന്ത് കളിക്ക് നാണക്കേടായി കല്ലെറ്; അർജന്റിനിയൻ താരങ്ങൾക്ക് പരിക്ക്
  150. ‘à´"ട്ടോര്‍ഷ’യിലെ പൊടിക്കൈകള്‍
  151. ഡോ. വര്‍ഗീസ് കുര്യന്‍ അമൂലിന്റെ പണം കൊണ്ട് മതപരിവര്‍ത്തനം നടത്തിയെന്ന് ബിജെപി മുന്‍ മന്ത്രി
  152. Ind vs Aus T20I LIVE Cricket Score: সিডনিতে সিরিজের ফয়সলা ম্যাচে মুখোমুখি ভারত-অস্ট্রেলিয়া
  153. আমুলের টাকায় ধর্মান্তকরণ! ‘মিল্ক ম্যানে’র বিরুদ্ধে চাঞ্চল্যকর অভিযোগ বিজেপি নেতার
  154. বদলে যাচ্ছে আপনার সাধের ইনস্টাগ্রাম প্রোফাইল
  155. নিজের ট্র্যাকে ফিরলেন রনবীর সিং, দেখুন ভিডিà¦"
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  166. Huawei has confirmed that the Porsche Design Huawei Mate 20 RS will be showcased on November 27 in India.
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  193. India vs Australia 3rd T20
  194. Ind vs Aus T20 Live Score
  195. 2018-11-25 12:09:40+05:30
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  201. India look to level T20 series against Australia
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  209. A woman who speaks through her art
  210. Rugby Union
  211. Latin America & Caribbean
  212. Science & Environment
  213. England pull away in the second half to beat Australia 37-18 at Twickenham and claim their third victory of the autumn.
  214. Clashes delay one of Argentina's biggest games, between Boca Juniors and River Plate.
  215. Buttler & Stokes lead England rally - listen to The Cricket Social
  216. England romp to big win over Australia
  217. Football final postponed after team bus attack
  218. Football final postponed after team bus...
  219. What is Mars made of?
  220. Gqom music: Spreading from Durban to the...
  221. Gqom music: Spreading from Durban to the world
  222. Communication will be more effective, if we 'accept' instead of 'expect': PM to youths
  223. VHP's 'Dharam Sabha' commences; Ram bhakts vow for early construction of temple
  224. Trump signals deal with Mexico on asylum seekers, incoming gov't denies
  225. Shah arrives in Hyderabad to take part in 4 election meetings in Telangana
  226. Out of 10, 7 in country follow Mann ki Baat
  227. A Sacred Gaucho’ is based on symbolic tradition of India & Argentina: Joaquin Pedretti
  228. Youth commits suicide in Bihar
  229. Hamro Sikkim Party rejects BJP's proposal for alliance
  230. Azerbaijan`s Defense Ministry: Armenian armed units violated ceasefire 29 times
  231. Azerbaijan`s Defense Ministry has said the Armenian armed forces continue to violate the ceasefire regime. “Military units of the armed forces of Armenia violated ceasefire 29 times throughout the day,” the ministry said in a statement ...
  232. Azerbaijan-Turkmenistan establish Joint Commission for transport, transit and logistics
  233. Prayers in ‘snow land’
  234. The stunning vistas inside and from Ladakh’s Hemis monastery
  235. We have no time to stand and stare
  236. The interpretation of work and leisure leaves us running to make space for leisure by working more and more
  237. Netflix with Kattabomman
  238. The common man should get his daily dose of entertainment with some privacy
  239. Antler deal costs man dear
  240. He tries to sell it for ₹5 cr to a policeman masquerading as buyer
  241. Man held for stalking medical student
  242. A 45-year-old ex-army man, who used to work as a security guard in a hostel in K.K. Nagar, was arrested under the Tamil Nadu Prohibition of Women Hara
  243. Two arrested for chain snatching
  244. The city police arrested two youths from Tirusulam on charges of snatching a gold chain weighing 4.5 sovereigns from a woman in Chitlapakkam. The poli
  245. Can’t be ousted from union, insists Chinmayi
  246. Says she is a life member of the dubbing union from which she was removed
  247. Lightning kills girl in Malappuram
  248. Lightning struck three students of PPTM Higher Secondary School, Kottukara, near Kondotty, killing one of them and injuring the others on Saturday eve
  249. ‘50% of men above 50 have enlarged prostate’
  250. Annual Conference of Urological Association of Kerala begins
  251. Sikhs in America hail Indian govt’s decision to build Kartarpur corridor
  252. Welcoming the decision, Gurinder Singh Khalsa, a community leader, said that this is just a beginning for greater good of the region and the humanity.
  253. Aircel-Maxis case: CBI allegations ‘false’, ‘baseless’, Chidambaram tells court
  254. CBI, in its reply to the anticipatory bail plea of Mr. Chidambaram, had alleged that he was not cooperating in the investigations.
  255. Give date for Ram temple construction, Uddhav Thackeray tells Narendra Modi government on the eve of VHP Dharam Sabha at Ayodhya
  256. Ayodhya has been turned into fortress with multiple layers of security and deployment of drones in view of the Dharam Sabha organised by Vishwa Hindu Parishad on November 25.
  257. Election Commission serves notice to C.P. Joshi over casteist remarks
  258. The notice was served by the returning officer of Rajasthan’s Rajsamand district following a complaint by the BJP.
  259. Madhya Pradesh Assembly Elections 2018: Those who don’t have issues to talk about resort to abuse: Modi
  260. Congress leader Raj Bhabbar had kicked up a row on Thursday when he compared the falling rupee to the age of the PM’s’s mother
  261. Letter From A Concerned Reader: Me and Mrs. Obama, writes J. Mathrubootham
  262. Communist Hypocrisy: Arrests Still On At Sabarimala, But Devaswom Board Is Worried About Falling Temple Revenues
  263. Sabarimala rep
  264. Thousands across Europe protest in 'feminist tidal wave' against sexist violence
  265. Panel on RBI's capital framework likely to be formed this week
  266. Thousands across Europe protest in 'feminist tidal wave' against sexist violence
  267. Six militants, one soldier killed in J&K encounter
  268. High rise buildings should not be permitted on steep slopes of Western Ghats
  269. Married woman gang raped at her home
  270. Right-wing activists gather in Ayodhya high security in temple town at Ram Janmabhoomi site
  271. WB-AUTISM CENTRE
  272. 4 lakh tourists visit Andamans every year 15 000 of them foreigners
  273. Another terror attack in India similar to 26 11 with footprints in Pak will lead to war Experts
  274. Crossover phenomenon needs to be encouraged leveraged Karan Johar
  275. Six militants, one soldier killed in J&K encounter
  276. 60 Sabarimala pilgrims detained for violating prohibitory orders
  277. Right-wing activists gather in Ayodhya high security in temple town at Ram Janmabhoomi site
  278. 4 lakh tourists visit Andamans every year 15 000 of them foreigners
  279. Another terror attack in India similar to 26 11 with footprints in Pak will lead to war Experts
  280. Crossover phenomenon needs to be encouraged leveraged Karan Johar
  281. RBI's board had decided to constitute a committee of experts to examine the ECF
  282. PTI | Mumbai
  283. The sale proceeds would add up to the government's disinvestment kitty
  284. By
  285. PTI | New Delhi
  286. India's renewable energy sector to get EUR 600 million booster shot
  287. November 21, 2018
  288. Gender violence has been brought into sharp focus by the #MeToo movement
  289. AFP via PTI | Paris
  290. Rupee outlook: Uncertainty looms ahead of OPEC meet, central bank decisions
  291. Mizoram Assembly Polls 2018 LIVE: BJP worked with Congress, MNF, ZPM in past, says Himanta Biswa Sarma
  292. CIA cannot be trusted on Jamal Khashoggi conclusion: Senior Saudi prince
  293. India vs Australia 3rd T20I LIVE: India in pursuit to level the series
  294. Telangana Assembly Polls 2018 LIVE: Congress sacks 19 party workers for contesting against official candidates
  295. Trump's 2016 US elections win was due to targeted Facebook ads: Study
  296. Procurement quota: Two tenders on the anvil for ITIL's participation, says BSNL chief
  297. Vodafone Idea to pare 16,000 distributors, 2,000 branded stores this fiscal
  298. RIL arm sets up Jio Estonia for software development
  299. Uttarakhand Cabinet Give Nod to Rename Dehradun Airport After Vajpayee
  300. You Know Right Mary, There is Something About You â€" Open Letter to the Legend
  301. Rajasthan Election Campaign LIVE: Congress has no vision for the state's welfare, says PM Modi
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  303. In Charts: From Rapes To Infant Deaths, There’s A Lot To Fix In Madhya Pradesh
  304. The Mutual Fund Show: This Asset Manager Topped Crisil’s Ranking And How…
  305. Panel On RBI’s Capital Framework Likely To Be Formed This Week
  306. 26/11 Survivor Recounts Being in the Room Next to the Terrorists’
  307. Sunday, November, 25, 2018   12:37:53 PM
  308. Shiv Sena has no role in Ram temple movement: Keshav Prasad Maurya
  309. Maurya's remarks came a day after Shiv Sena chief Uddhav Thackeray asked the BJP-led NDA government to declare a date for the construction of the Ram temple.
  310. Uddhav Thackeray offers prayer at Ram temple ahead of  'Dharma Sabha
  311. WATCH Aishwarya Rajesh's 'Kanaa' trailer
  312. Kevin Feige recalls last conversation with Stan Lee in emotional essay
  313. Malayalam actress Parvathy leaves social media without warning
  314. Disney's Avneet Kaur, Norman Joseph decode creative process
  315. Actors and politicians mourn loss of Kannada 'Rebel' actor Ambareesh 
  316. Rajinikanth tweets emotional message after friend Ambareesh's demise
  317. Ambareesh's body to be kept at Kanteerava for people to pay homage
  318. Galaxy S10 Release Date
  319. Android Vs iPhone
  320. Amazon Deals MacBook Pro
  321. China social credit
  322. Back to the future
  323. Steve Carell SNL monologue
  324. Best Netflix Movies 2018
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  326. Best Home Security Camera Deals
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  328. Battlefield V review
  329. Game of Thrones new book
  330. eBay Cyber Monday 2018 Deals
  331. Nest Thermostat Black Friday Deal
  332. climate engineering
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  • by Andy MukherjeeIndia’s finance industry is letting a good crisis go to waste by not learning from it.The sudden $12.8 billion bankruptcy of infrastructure lender IL&FS Group, currently sequestered under a government-blessed, out-of-court process, underscores India’s lack of preparedness to handle a big shift in lending in recent years â€" away from banks.Before I illustrate that challenge with a little story about a banking tycoon’s fundraising, a little background:Over the last several years, the state-run Indian banks’ capital constraints have seen them cede market share to nonbanks. Nothing wrong there except that shadow lenders are the riskiest of trapeze artists: They have to perform without the ropes of deposit insurance and the safety nets of central-bank liquidity â€" two things banks take for granted. One fall could be a showstopper.66793270
  • When the IL&FS show did stop, risk management was nowhere to be found; fiduciary responsibilities were similarly absent. Mutual funds that had been lapping up commercial paper and non-convertible debentures issued by shadow lenders, as well as the rating companies pocketing fees by blindly certifying their safety, sleepwalked into the crisis. And though both are being prodded by regulators to wake up, neither is displaying any zeal of its own.After IL&FS blew up, the funding market froze, and the credit industry cried mommy, begging the central bank to act as the lender of the last resort. The Reserve Bank of India’s refusal to do so added to its brewing tensions with the government. Amid this mess, the least the mutual funds and the rating companies could have done was to signal a change in their own behavior.66793273
  • Now let me tell you what they’re up to instead. Yes Bank Ltd. is a private-sector lender, controlled by co-founder Rana Kapoor. The bank annoyed the RBI with its egregious misreporting of nonperforming assets. In September, the RBI rejected Yes Bank’s proposal to let Kapoor continue as chief executive officer. A new CEO has to be found by January. Meanwhile, there’s a stampede among board members to leave. Yes Bank’s stock has sunk 50 per cent in just three months.The jitters have reached the shadow banking world via Morgan Credits Pvt., one of the vehicles under which Kapoor’s family holds its Yes Bank stake. Morgan Credits offers the Kapoor family a neat way to monetize its shares without pledging them. To raise money, Morgan issued zero-coupon, nonconvertible debentures maturing in 2021, and it promised that the borrowed amount plus accrued interest will always be less than half of the market value of its holdings in Yes Bank. A good margin of safety for mom-and-pop investors while they earn some interest from a rich banker?66793276
  • NEW DELHI: With the Supreme Court fixing April 1, 2020, deadline for the sale of only BS-VI-compliant vehicles, Maruti Suzuki India (MSI) is working 'overtime' to make over 40 variants of powertrains across more than 15 models meet the stricter emission norms, according to a senior company official.The company has also reinforced manpower in its engineering and research and development in order to be able to meet the Bharat Stage (BS) VI norms for its fleet ahead of schedule."We are working very hard, we are working overtime. No other manufacturer has this kind of work which they have to do. We have the largest number of model portfolio and the largest number of powertrains," MSI Senior Executive Director C V Raman told PTI.He was responding to a query on how the Supreme Court's order last month to stop selling BS-IV vehicle across the country from April 1, 2020, has altered MSI's preparation for BS-VI emission norms.Earlier in 2016, the Centre had announced that India would skip the BS-V norms altogether and adopt BS-VI norms. It had stated that from April 1, 2020, only vehicles complying with the latest emission norms would be manufactured while giving three months to automobile firms for the transition to start selling BS-VI vehicles.However, citing air pollution issues, the apex court said no BS-IV vehicles would be allowed to be sold across the country from April 1, 2020.Elaborating on the scale of work MSI is undertaking in order to meet the new stricter emission norm, Raman said, "We have more than 15 models and more than 40 variants of powertrains, which is a combination of engine and transmission. So, we will have to ensure that we have to do all of these ahead of schedule."When asked if MSI would be able to make all of its existing models meet BS-VI norm, he said, "We are working on it definitely and we will ensure that customers get BS-VI. We will try to do ahead of time."On manpower reinforcement for the new emission norm, Raman said, "Yes, we have been continuously upgrading our people at our facilities both at Rohtak and at Gurgaon."He said the company had to deploy more people not to just meet the BS-VI norms but also other safety regulations which had come into effect this year.While he did not specify the number of people deployed for the project, Raman said, "It is a substantial number, specially on the powertrain (for activities such as) engine design, calibration and testing."Moreover, additional manpower has been utilised in areas such as transmission design, quality assurance and body changes, he added.Stating that BS-VI works are simultaneously happening at the company's R&D centre at Rohtak and Gurgaon facility along with Suzuki in Japan, Raman said the company is also working with suppliers such as Dentsu, Bosch and others."There is no choice for us, we have to do it. For us, it is do or die," he said.
  • Having put its bet on EVs, Mahindra group expects the technology from world electric car racing series Formula E to flow at a faster pace to its e-road cars, according to Chairman Anand Mahindra.The group, whose Mahindra Racing is among the ten founding teams in the FIA Formula E Championship, has already tapped the technology from the series for the upcoming electric hypercar concept, PF-Zero, developed by Italian design house Pininfarina."An enormous amount of technology is flowing from Formula E. I expect that to happen even better this year as the new M5 Electro car, the new Formula E car does not have a need to swap a battery in the field. The same car will run the whole race," Mahindra told PTI.Stating that it is a "huge huge leap in durability and the range of the battery", he said," That is cutting edge stuff. It will flow right in (to road electric cars)."He said the group having its own Formula E team enables it to get an inside view."In fact, even our race car drivers are in touch with Pininfarina for the PF Zero. They gave very active inputs into the technology of that car," he said.When asked how much of those cutting-edge electric vehicle technology can trickle down to mass-market electric cars, he said, "The gap between race to road is a very small one in Formula E."In Formula 1, the racing series for conventional internal combustion engines, it is a much bigger gap, he added.Mahindra said technology transition from racing to roadin electric cars is faster as it is "like a digital device and the possibility of updating is also much much higher".Reiterating the group's commitment to push forward for EVs, Mahindra said, "As far as I am concerned the bet we took is the right one. We are in fact increasing it by getting in technology as opposed to just the product."He said there is an opportunity right from the Euro 2 million Pininfarina PF-Zero going down to electric kick scooter.
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