Former governor of the Reserve Bank of India, Raghuram Rajan as been named as one of the contenders for the top job of the UK’s central bank. The leading Financial daily, Financial Times has named Raghuram Rajan as someone who might replace Mark Carney, he current governor of Bank of England.

With the Reserve Bank giving no relaxation to its February 12 framework on resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially to the infrastructure sector, say lenders.

On February 12, the central bank had come out with revised framework for resolution of stressed assets.

The Gujarat CID on Monday detained Amreli Superintendent of Police (SP) Jagdish Patel to question him regarding his role in the alleged extortion of 200 bitcoins worth 12 crore from a Surat-based builder.

Jagdish Patel was taken into custody from his residence in Amreli district last night and brought to Gandhinagar by CID-Crime, which is probing the case.

Domestic equities opened on a choppy note on Monday tracking mixed cues from other Asian markets, ahead of F&O expiry later this week.

The benchmark BSE Sensex, which had lost 11.71 points in the previous session on Friday, rose 78.11 points, only to turn negative within minutes of session opening.

Before its official unveiling at the Beijing Motor Show, Mercedes-Maybach's latest SUV concept has been revealed inside out in a set of leaked images. Mercedes-Maybach Ultimate Luxury concept is a very offbeat design - a high-riding four-door sedan with a trunk, unlike a traditional SUV. The fascia is marked by a big waterfall grille flanked by low, aggressive three-unit headlights, and the overall styling is a combination of SUV ruggedness and luxury.

HDFC Bank share price: After India’s leading private lender HDFC Bank reported record profits for Q4, brokerage firm CLSA has raised HDFC Bank share price target. The bank has reported a 20.27% on-year growth in net profit to Rs 4,799.28 crore, driven by stable asset quality. The bank had posted a net profit of Rs 3990.09 crore for the corresponding quarter last year.

BENGALURU: Paytm Payments Bank claims that it now has over 100 million KYC-registered wallets — which includes both complete and minimum KYC (know your customer). This development comes even as there have been indications in the digital payments industry of a sharp fall in mobile-wallet users as customer authentication did not take off.

NEW DELHI: Amid preparations for its high-profile Rs 800 crore Chandrayaan-2 mission scheduled for an October launch, Indian Space Research Organisation (Isro) is also gearing up to launch a slew of important satellites in the coming months. Some of these satellites are significant for strategic reasons as they will help the military keep an eye on our hostile neighbours and safeguard our land and sea borders.

Probe agencies are examining if ICICI Bank should have declared three companies — Pacific Capital Services; Supreme Energy Private Ltd (SEPL) and Pinnacle Energy — as related parties. These companies were involved in transfers of shareholdings in NuPower Renewables Private Limited (NRPL), a company owned by Deepak Kochhar, husband of Chanda Kochhar, the bank’s CEO.

Shares of Tata Consultancy Services (TCS) today surged over 4 per cent, following which the IT major became the first listed Indian company to hit market capitalisation of over USD 100 billion (Rs 6,80,912.10 crore).

Shares of the company today opened at Rs 3,429, rising 4.39 per cent to touch an intra-day high of Rs 3,557 on BSE. Following the uptick in the counter, the market capitalisation of the company swelled to Rs 6,80,912.10 crore.

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