AMITABH KANT
Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouse
Fairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine IDBI Bank as a comprehensive financial services provider in India and abroad. Fairfax plans to integrate its existing insurance and capital market businesses into IDBI Bank to enhance its offerings. The acquisition reflects Fairfax's strategy of leveraging IDBI Bank's infrastructure for greater market competitiveness.
Amitabh Kant pitches for development model with rural communities as producers, innovators
Kant also stressed the need to transform rural India into centres of economic activity, innovation and entrepreneurship rather than limiting it to welfare delivery.
Sanjay Gupta death: He once had a fallout with a Bollywood star leaving him with no work for 3 years. 'We didn't speak'
Filmmaker Sanjay Gupta, who died at 59, once revealed how his fallout with close friend and actor Sanjay Dutt affected his career, leaving him without work for three years. The two had collaborated on films such as Kaante, Musafir and Zinda before misunderstandings involving people around them led to a four-year silence. Gupta claimed that industry insiders stopped taking his calls because they believed Dutt had asked them not to work with him, an allegation he said was untrue.
India eye strong Para Asian Games campaign despite reduced contingent
India is preparing for the Asian Para Games with a smaller contingent than last time. The nation won a record 111 medals at the previous edition, which will be difficult to match now. Selection disputes in para-shooting and para-cycling have raised concerns about the decision-making process. Key competitors in disciplines like para-athletics, archery, and badminton are expected to deliver strong performances.
Amitabh Kant backs India to produce world-beating golfers in coming years
Amitabh Kant said India's demographic advantage and rising participation among youngsters would help the country emerge as a global force in golf over the next decade.
Need to look at cost of doing business to boost manufacturing; cut statutory liquidity ratio: Amitabh Kant
Amitabh Kant has advocated for reducing the statutory liquidity ratio to promote job-intensive manufacturing in India. He emphasized that cutting SLR could lower the cost of credit for businesses. Kant highlighted the importance of adequate credit in supporting the growth of startups in new-age sectors. Additionally, he addressed the need for easier land acquisition and better power availability for manufacturers.
IIT Madras professor Jhunjhunwala wants PLI to be more startup friendly
PLI should be opened to smaller companies, with incentives tied to meaningful domestic value addition rather than the ability to make large upfront investments, Ashok Jhunjhunwala said in a chat with ET.
When ‘almost complete’ means years of waiting: How RERA extensions are pushing possession dates further away for homebuyers
Many housing projects miss their completion dates and seek extensions. A MahaRERA analysis shows many projects have extension histories. Reported completion percentages often do not reflect project realities. Regulatory extensions are a significant part of MahaRERA's workload. A national database is needed to track project completion effectively.
SC dismisses gangster Abu Salem's plea seeking release from custody
The Supreme Court dismissed Abu Salem's plea for immediate release from custody. He sought release after completing twenty-five years in jail as per extradition terms. The Bombay High Court had previously rejected his petition as premature and misconceived. Salem was extradited from Portugal in November two thousand five for his role. The apex court upheld the high court's decision regarding his sentence calculation.
BRICS 2026: From bigger to better? The New Delhi summit may put trade, tech and energy in focus
BRICS 2026 will test whether the expanded 11-member grouping can translate its growing economic and geopolitical weight into practical cooperation. With trade, payments, startups, AI, energy, critical minerals and climate finance on the agenda, India’s presidency faces a tougher challenge: building consensus among members whose strategic interests often diverge.
Amitabh Kant lays down three-step formula for India to move forward during BRICS Summit
India must ensure BRICS summit language is progressive and forward-looking. Resolving differences among Iran, UAE, and Saudi Arabia is highly complex. Prime Minister Modi will meet Putin and Xi Jinping for bilateral talks. China-India development, trade, and technology play is critical for progress. Further movement in India-China relations is expected after recent policy changes.
L&T appoints Amitabh Kant as independent director
Larsen & Toubro has appointed Amitabh Kant as a non-executive, independent director. This appointment is for a term of five years. Kant previously served as G20 Sherpa and NITI Aayog CEO. He also recently joined HCL Technologies and IndiGo boards. This marks a new chapter for the veteran administrator after 45 years in government service.
HCLTech appoints Amitabh Kant as independent director
The appointment, which was greenlit by the HCLTech board of directors, has been recommended by the Nomination and Remuneration Committee, the company said in a statutory filing. Effective September 8, the appointment is for a term of five years.
Amitabh Kant joins Fairfax as senior adviser
Fairfax Financial Holdings has appointed Amitabh Kant, the former G20 sherpa of India, as a senior advisor. Kant will support Fairfax India in achieving its strategic goals within the country. Prem Watsa, Chairman and CEO, emphasized Kant's extensive experience and ethical principles as valuable assets for advancing Fairfax's long-term objectives and delivering value to stakeholders.
India needs 1 million fast chargers to become 100 pc electric in 2 and 3 wheelers by 2030: Former NITI Aayog CEO Amitabh Kant
India strives for 100% electric 2-wheelers and 3-wheelers by 2030 under Amitabh Kant's leadership, emphasizing fast chargers, local manufacturing, and EV registration growth. The country aims to lead the global EV market shift.
India has been agent of change, not of status quo: Amitabh Kant on India's G-20 presidency
In an interview a day after the conclusion of the third G-20 Sherpas' meeting, Amitabh Kant said the Russia-Ukraine conflict is restricted to a certain part of the world and the Indian presidency's focus has been entirely on the developmental agenda and to deal with issues facing the Global South.
Guarding consumer interest is paramount: Amitabh Kant on National Monetisation Pipeline
Prime aim of Asset monetisation is to create a 'win-win for all stakeholders including public authority, private investors and most of all the common citizens," said Kant. Universal access of high quality and affordable infrastructure would be ensured.
Amitabh Kant gets two year extension as NITI Aayog CEO
The Appointments Committee of the Cabinet has approved an extension of Kant's tenure till June 30, 2019, the order issued by the personnel ministry said. Kant is a 1980 batch IAS officer of Kerala cadre.
Meeting between PM Modi and economists was constructive: Amitabh Kant
In an exclusive chat with ET Now, NITI Aayog CEO Amitabh Kant said that job creation was one of the many issues during the meeting.
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