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credit market is growing so fast that a rush of new participants into the direct-lending sector is fueling concern about a weakening of lending standards. “We have seen a bunch of first-time managers raise a lot of local capital,” Indranil Ghosh, head of Pan-Asia special situations at Cerberus, said at the Bloomberg India Credit Forum in Mumbai on Friday. “With some of those managers, I suspect that the underwriting standards, the diligence standards, the structuring, covenants are slightly lighter than what a lot of the global firms and well-established domestic institutions are used to.” Also Read: RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley

MUMBAI: While parenthood is a very special feeling, it demands a lot of financial adjustments. However meticulously one plans, there are always surprises when one becomes a parent.

stability with a mandate to his government for three consecutive terms and asserted that they strengthened this expression of stability in the recent Haryana Assembly polls. Addressing the NDTV World Summit here, he also said India has a «double AI» advantage and that when the power of 'aspirational India' and 'artificial intelligence' combines then it is natural for development to take place at a fast pace. Modi said India is a friend in times of crisis and cited how the country sent vaccines to scores of nations during the Covid pandemic. «India does not have 'taken for granted' relations, its relations are built on trust and reliability.When India moves forward there is no jealousy but world feels happy about it as its progress benefits the world,» the prime minister said.

IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalise on the surge in enterprises adopting generative AI technology. "Granite 3.0" models will be made open-source, similar to other versions in IBM's Granite family of AI models. This approach differs from rivals such as Microsoft that charge customers for access to their models. In turn, IBM offers a paid tool called Watsonx that helps run models inside data centers after they have been customised.

Indian Medical Association (IMA), has voiced strong support for the legalisation of prenatal gender determination tests. Dr Asokan said on Sunday that the existing prohibition has not significantly improved India's gender ratio over the past three decades. Since the enactment of the Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act in 1994, prenatal gender determination and sex-selective abortions have been illegal in India. This legislation was intended to combat female foeticide and enhance the sex ratio in the country.

Ekta Kapoor and her mother Shobha Kapoor have landed in legal trouble. A case has been filed against them under the POCSO Act for allegedly showing inappropriate scenes involving minor girls in an episode of the ALT Balaji's web series 'Gandi Baat'. The case is related to season 6 of the web series 'Gandi Baat' on the OTT platform 'Alt Balaji'. According to Mumbai Police, a case has been registered against Balaji Telefilm Limited, Ekta Kapoor and her mother Shobha Kapoor at MHB police station in Mumbai under section 295-A of IPC, IT Act and sections 13 and 15 of POCSO Act.

NCP leader Baba Siddique, has said his father's killers have «turned their sight» on him, but he can't be intimidated as he has the blood of a lion in his veins and carries his «roar». Former Maharashtra minister Baba Siddique was fatally shot, prima facie by three persons, near the office of Zeeshan Siddique in Bandra area of Mumbai on October 12 night. «They silenced my father. But they forget — he was a lion and I carry his roar within me, his fight in my veins. He stood for justice, fought for change and withstood the storms with unwavering courage,» Bandra (East) MLA Zeeshan Siddique said in a post on X on Sunday. «Now, those who brought him down turn their sights on me assuming they've won, to them I declare: The blood of a lion runs in my veins. I am still here, unafraid and unbroken. They took one, but I rise in his place. This fight is far from over. Today, I stand where he stood: ALIVE, RELENTLESS and READY. To my people of Vandre East, I am always with you (sic),» he added.

Isha Ambani was recognized with the prestigious Icon of the Year award at the Harper’s Bazaar Women of the Year Awards 2024, held in Mumbai. The event, which celebrated her contributions to the entrepreneurial world, also highlighted her distinctive sense of style as she made a memorable appearance on the red carpet.

Reliance Infrastructure will be in focus on Monday after the shareholders approved the company's plan to raise Rs 6,000 crore through a preferential share issue and qualified institutional placement (QIP). The proposals received over 98% approval via postal ballot, as disclosed in a stock exchange announcement.

Subscribe to enjoy similar stories. Puneet Singh, 38, a former sales professional at a Mumbai-based e-commerce company, quit his job three months ago. As someone who had always harboured entrepreneurial dreams, it seemed the right time to level up.

flue gas desulphurisation (FGD) units at public sector coal-based power plants as a recent study found that sulphur dioxide emissions from Indian coal-based power plants were not adversely impacting ambient air quality. Niti Aayog, the government's premier think-tank, has held stakeholder consultations in this regard and is likely to recommend this in its final report by month end, officials said. The Aayog had made such a suggestion in a draft report, after which intensive consultations were carried out before firming up the view, they said.

Trudeau had wrecked bilateral political ties. Both countries on Monday ordered out six diplomats in tit-for-tat moves over Ottawa's allegations that New Delhi was targeting Indian dissidents on Canadian soil. Trudeau specifically tied the six to the murder of Sikh separatist Hardeep Singh Nijjar last year in British Columbia. Sanjay Kumar Verma, India's envoy to Canada, told CTV that Trudeau had been relying on intelligence rather than evidence.

Subscribe to enjoy similar stories. Nine developers won the final bids for the Yamuna Expressway Industrial Development Authority (Yeida)’s residential group housing plots in sector 22D and 18, Greater Noida in the Delhi-NCR region. The Yeida auctioned nearly 287,000 square meters as 19 prime plots in sectors 17, 18, 19 and 22D, out of which nine deals were closed.

Reliance Infrastructure have approved the company's plan to raise Rs 6,000 crore through preferential issue of shares and qualified institutional placement (QIP) route. Both proposals have received shareholders' approval, with over 98 per cent voting in favour of the resolutions via postal ballot, the company informed in a stock exchange disclosure. Reliance Infrastructure's board, on September 19, had approved a Rs 6,000-crore fundraise plan. Of this, Rs 3,014 crore was to be raised through preferential allotment of shares or convertible warrants, while Rs 3,000 crore will be raised by QIP. In the first phase, Reliance Infrastructure is launching the Rs 3,014 crore preferential placement by issuing 12.56 crore equity shares or convertible warrants at an issue price of Rs 240 per share.

CRPF school in Prashant Vihar, Rohini, shocked local residents and led to widespread concerns over security. The explosion damaged the school wall, shattered the windows of nearby cars, and destroyed shop hoardings in the vicinity. Fortunately, no one was injured. The Delhi Police, along with multiple investigative agencies, immediately launched a probe into the incident. A case under the Explosives Act has been registered, and forensic teams, including sniffer dogs, have been deployed at the blast site to search for clues. According to initial reports, a crude bomb may have been used, but forensic experts are still examining the scene. Delhi Police have confirmed that no definitive cause has been determined, and the investigation remains ongoing. Police are also scanning CCTV footage in the area to identify any suspects.

Subscribe to enjoy similar stories. MUMBAI : The Centre's proposal to introduce “voluntary" group insolvency aims at maximizing the larger group companies' asset value and keeping the overall corporate insolvency resolution costs low. The proposal is expected to be taken up in the winter session of Parliament in December.

Subscribe to enjoy similar stories. Being a chef is a twenty-four seven job. It entails long hours, working Diwalis and no weekend breaks.

Shiv Sena led by Maharashtra Chief Minister Eknath Shinde has stayed the appointment of Shrikant Pangarkar, an accused in the 2017 murder of journalist Gauri Lankesh, to any post in the party in Jalna district. Ahead of the Maharashtra assembly polls, Pangarkar joined the Shinde-led Shiv Sena on Friday in the presence of party leader and former state minister Arjun Khotkar. Khotkar earlier said that Pangarkar, a former Shiv Sainik, has returned to the party and has been nominated as the chief of the Jalna assembly poll campaign. A statement from the Shiv Sena on Sunday said that if Pangarkar has been given any party post in Jalna district, the decision has been stayed.

Kamala Harris who is running for the post of President in the upcoming US elections has recieved resounding support from America's leading music industry pop stars during her presidential campaign rallies. In the final weeks before November's presidential election, two of the Democratic nominee's events were headlined by prominent musicians from the American music industry. Al Jazeera noted that at Harris's first stop, in Detroit, Michigan, the singer and rapper Lizzo warmed up the crowd with a passionate on-stage endorsement.

heavy rainfall as an upper air cyclonic circulation over the central Andaman Sea has moved to the North Andaman Sea on Sunday, the India Meteorological Department (IMD) reported. This circulation is expected to lead to the formation of a Low-Pressure Area over the East Central Bay of Bengal and adjoining North Andaman Sea in the next 24 hours. According to the IMD, «It is very likely to move west-northwestwards and intensify into a depression by October 22 morning and into a cyclonic storm by October 23, over East Central Bay of Bengal.»

JMM and Congress over seat-sharing for the Jharkhand assembly polls, the RJD on Sunday said it would not settle for less than 12 seats, but it will not sabotage the prospects of the INDIA bloc even if it goes solo. The JMM and Congress on Saturday announced that the two parties would contest 70 of the state's 81 assembly seats. «Less than 12-13 seats are not acceptable to us as the RJD has a strong hold on 18-20 seats. If we are asked to contest three-four seats, we are not ready to make any sacrifices,» Rashtriya Janata Dal spokesperson Manoj Kumar Jha said.