Indian paddler Mudit Dani has entered the history books by becoming the first Indian to win the (NCTTA) Male Athlete of the Year award.
Digital financial services firm Paytm has received market regulator Sebi's approval for its Rs 16,600 crore initial public offer, a source involved in the process said on Friday. The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing.
Former Reserve Bank of India Governor Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in the country. Speaking at a webinar organised by the National Stock Exchange (NSE) and New York University (NYU) Stern School of Business, Rao also said India's case for issuing a central bank digital currency (CBDC) may not be strong as there are capital controls. "Crypto is backed by algorithms and there is fear that the central bank might lose control over money supply and inflation management.
A first generation Indian American living in California, Vanessa first appeared on an international runway in September 2021, when she walked the ramp at New York Fashion Week.
The handsome 25 per cent rise in corporate profits in the September quarter amid a sharp contraction in GDP was on the back of wage squeezes, leading to rise in inequalities in India, economist Nouriel Roubini said on Thursday. This rising inequality is "dangerous" politically and socially because only a few people in the economy are benefitting, the economics professor at New York's Stern School of Business said. Roubini said earnings of listed entities have risen 25 per cent in the September quarter, which means that wages and income are getting "squeezed, if not collapsed".
India-born Mastercard CEO Ajay Banga has said that his turban and beard make him stand out in a crowd and has undergone random searches at US airports even though he runs a global company, underscoring the need for diversity in the multi-racial country.
The metal might see-saw between $1,200 and $1,400. A breakout beyond either of these limits could result in a decisive trend.
As the shares of social networking giant Facebook begin trading on the NASDAQ exchange today, experts believe that the stock is overpriced at $38 apiece and one must wait for now to invest in the firm.
As part of an international student exchange programme, 40 Indian students visited the United States to learn about the various aspects of renewable energy. Rajendran P reports.
Murthy shares some of the key life events that influenced him.
Nordhaus, a professor at Yale University, is best known for his work on climate economics. Romer, of New York University's Stern School of Business, is a proponent of a theory that examines how the world can achieve sustainable growth.
Infosys chief mentor Narayana Murthy gave this speech at the NYU Stern School of Business.
Acharya was one of the youngest deputy governors in the central bank's history and was in charge of the critical monetary policy department which also made him a part of the rate-setting panel.
'I have very little faith in economists who tell me that demonetisation will reduce growth.' 'The greater effect of demonetisation is if it creates changes in the financial services system and gets people to shift from cash.' 'The economy is not a trained monkey that will jump around if you lower rates.'
Acharya emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.
He may make a comeback as co-chairman at India's second largest software exporter.
You may be popular initially because of politics and ideology but if the economy slows down, you will be losing your popularity: Nouriel Roubini.
Hopefully, the grey world of central banking in a nation hit by demonetisation, will lighten up with some of his notes soon.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
Be it bad loans resolution or his uncanny focus on inflation fighting which earned him criticism of being a policy hawk, Acharya was at the centre of it all and deftly steered the policy machinery.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
Brands names are always critical, but -- as Ambi Parameswaran has discovered -- finding the right one for the Indian consumer requires something special.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Buying on the internet is the future but be wary of the fine print and make sure you get a genuine product.
"When you feel you can't fight it, just go with it." said Robert De Niro's commencement speech to students graduating from New York University's Tisch School of the Arts!
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