Melbourne: Cricket legend Allan Border has handpicked Virat Kohli, Eoin Morgan and Aaron Finch as the three skippers to watch out for in the ICC ODI World Cup, starting May 30 in the United Kingdom. Border, who led Australia to World Cup triumph in 1987, said Kohli’s aggressive and “in-your-face” style of captaincy makes him a different kind of a leader than Morgan and Finch. “Virat Kohli, I think he’s a different type of captain. He’s a bit more of a boisterous-type player and wears his heart on his sleeve,” Border told cricket.com.au. Also Read – We don’t ask for kind of tracks we get: Bowling coach Arun “So the players know if they’ve stuffed up because he’s one of those really in-your-face-type skippers.” Border, who captained Australia in 178 ODIs, however refused to rank the trio in any order but is mighty impressed with Morgan under whose leadership England have reached the pinnacle of ODI cricket. “England, I think they’re doing exceptionally well. They’ve brought a different game plan to the table which is going to be interesting to see how it pans out in the World Cup. They’re a dangerous side because of it and you know as the bowling group you’re under pressure,” he said. Also Read – Bastian Schweinsteiger announces retirement, could join Germany set-up “The way it looks to me, they might drop the odd game but they’re going to win enough games to get through to the semi-finals and that’s what it’s all about. “That game plan under Trevor Bayliss as coach and Eoin Morgan, I think he’s a seriously good one-day cricketer, and he’s as good a captain as there is going around. Tactically he’s very good and their game plan at the moment is a dangerous game plan to play against.” The 63-year-old former left-handed batsman was also impressed with compatriot Finch’s leadership qualities, especially under difficult circumstances. “Aaron Finch is doing a great job. He’s got a good feel around the group, I think that’s what he brings to his captaincy,” Border said. “Everyone knows their responsibilities and it’s a good environment to play in. So that’s a good start as a captain. He’s done a very good job. “Tactically, I think they (Kohli, Morgan and Finch) all do very well.”
Step up your summer fashion game by experimenting with comfortable and stylish ensembles in white, pink, red, pastels and blue. Fashion experts share fashion tips for different occasions: Brunch look: A summer brunch calls for an outfit that makes you look fresh and classy. You can choose to wear comfortable shoes for the brunch. Pastel colours and white shoes with the jeans and T-shirt are the perfect combo for a brunch outing. Dinner heels: Racing against deadlines and rushing for a dinner party or date, you can wear high heels or wedges, or fashionable flats or stilettos paired with the knee length dress. One can also wear pencil heels, teamed with a peplum top. Up you fashion game by opting for black or red colour and heels. Also Read – Pollution makes you more aggressivePacking your bags for a summer vacation? Give way to the fashion diva in you by flaunting pumps, sliders, cross body bag, tote bag and keep your style quotient high. Are you an adventure junkie and want to stay stylish? Lay your hands on comfortable blue or pink sneakers or white sports shoes paired with shorts, T-shirt, backpack and sunglasses to complete the sporty and chic look. Worried about the body odour? experts tell how to keep the smell away. Also Read – Physical therapy better for low back pain”Summer perfumes usually are citrus-based that cool the skin and envelope the wearer in fresh uplifting aroma. The summer sun can agitate the fragrance, causing it to evaporate faster rather than sticking to your skin. Thus, it’s ideal to carry your summer fragrance in your bag and keep reapplying throughout the day.” “Mostly, men prefer citrus scents and in the summer months women tend to lean that way as well. Bear in mind, the best citrus-based fragrance choices are the ones that are reinforced with woody, floral and fruity notes to make the fragrance stay on you for longer. “Choose fragrances that are a hallmark of freshness to get the best contrast with the hot weather,” experts said. Fragrances become robust and begin to pop as the body heats up and if it’s sprayed in areas that are warmer, like the sides, elbows and chest. Always make sure your skin is fresh before spraying. It’s a good idea to layer and look out for brands that sell the body lotion, deodorant, EDT and miniatures. Post-shower use the body lotion and deodorant, then target warm spots and pulse areas with EDT and carry the miniature in your bag for a backup spritz. It’s important to recognise what scents suit your PH. Before purchasing, you should spray the scent you love on the wrist of your left hand and elbow of your right hand. Let it settle for 20 minutes as the top note settles and the true nature of the fragrance is revealed.
New Delhi: The Supreme Court on Wednesday pulled up for filing a defective application a petitioner, Abhay Yadav, who has alleged that Indiabulls Housing Finance Ltd (IHFL) misappropriated Rs 98,000 crore of public money. Earlier on Wednesday, IHFL senior counsel A.M. Singhvi urged the vacation bench comprising Justices Indira Banerjee and Ajay Rastogi to list the matter for hearing urgently, as frivolous allegations have been made against the company in the petition, which has been deliberately leaked to the media. Also Read – SC declines Oil Min request to stay sharing of documentsThe company counsel represented that as a consequence of these acts, IHFL’s market capitalisation was eroded by Rs 8,000 crore in two days since filing of the petition. The court observed that while the petitioner has sought directions against respondent numbers six and seven, but, surprisingly, no identities have been assigned against them in the writ petition. Singhvi said that the petitioner had deliberately filed the plea in the vacation bench and created circumstances for the press to discuss it. Also Read – World suffering ‘synchronized slowdown’, says new IMF chief”A petition has been filed against Indiabulls, but the company has not been included in the list of respondents”, he said, raising an objection to the petition. The court rapped the petitioner, asking him to rectify the defects and said the matter will be taken up in July. Singhvi said the company is already facing a huge loss in share value arising from the press reports following a plea filed by a milk vendor, who holds a total of only four shares. The company alleged it is being blackmailed through the use of a novel technique. According to IHFL, Yadav became its shareholder after purchasing the shares from the stock exchange on May 9. In a statement earlier, IHFL has described the allegations against its Chairman Sameer Gehlaut and other directors as “bizzare” and designed to malign the reputation of the company. The statement came after a plea was filed in the apex court on Monday seeking legal action against Indiabulls, Gehlaut and the other directors for alleged misappropriation of public money. It said thousands of crores had been siphoned off by Gehlaut and the directors of the firm for their personal use. “The total loans on the books of Indiabulls Housing are approx Rs 90,000 crore. The allegation of siphoning-off Rs 98,000 crores is bizarre,” the company said in a regulatory filing. The company said that a racket of blackmailers has been trying to extort money from Indiabulls over the last two months threatening to write complaints to various government departments alleging siphoning off Rs 55,000 crore if Rs 10 crore was not paid to them, following which the company filed an FIR on June 4.
New Delhi: Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported the highest number of cases, according to an RBI data.Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, the highest of 6,811 were reported by the ICICI Bank involving Rs 5,033.81 crore. The state-run State Bank of India (SBI) reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC Banks which recorded 2,497 such cases involving Rs 1,200.79 crore, according to the data given by the central bank in response to an RTI query filed by this correspondent. Also Read – IAF receives its first Rafale fighter jet from FranceThe Bank of Baroda reported 2,160 fraud cases (involving Rs 12,962.96 crore), Punjab National Bank 2,047 frauds (Rs 28,700.74 crore) and Axis Bank had 1,944 fraud cases involving RS 5,301.69 crore public money. As many as 1,872 frauds involving Rs 12,358.2 crore was reported by Bank of India, 1,783 by Syndicate Bank (Rs 5830.85 crore) and Central Bank of India’s 1, 613 cases involving Rs 9041.98 crore, the data shows. IDBI Bank Ltd reported 1,264 fraud cases involving Rs 5978.96 crore, Standard Chartered Bank 1,263 cases involving Rs 1221.41 crore, Canara Bank 1,254 cases of Rs 5553.38 crore, Union Bank of India 1,244 frauds of Rs 11,830.74 crore and Kotak Mahindra 1,213 cases involving Rs 430.46 crore.
New Delhi: Non-banking financial companies (NBFCs) play an important role in capital formation and the government will provide a one-time partial credit guarantee to PSBs to buy high-rated pooled assets of financially sound NBFCs, Finance Minister Nirmala Sitharaman said in the Union Budget 2019-20 on Friday. NBFCs are playing an important role in sustaining consumption demand as well as capital formation in small and medium industrial segment, she said in her maiden Budget Speech in Parliament. “For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of Rs 1 lakh crore during the current financial year, government will provide one time six months’ partial credit guarantee to public sector banks (PSBs) for first loss of up to 10 per cent,” Sitharaman said. Also Read – Maruti cuts production for 8th straight month in SepAlso, even as NBFCs are regulated by the RBI, it has limited authority over the sector, therefore appropriate proposals for strengthening the regulatory authority of RBI over NBFCs are being placed in the Finance Bill, the minister said. However, she said NBFCs that are fundamentally sound should continue to get funding from banks and mutual funds without being unduly risk averse. The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies such as IL&FS along with its group companies and DHFL that started unfolding since September 2018. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsAmong others, Sitharaman said the government will allow NBFCs to raise funds in public issues, and the requirement of creating a debenture redemption reserve (DRR), which is currently applicable for only public issues as private placements are exempt, will be done away with. As of now, NBFCs that do public placement of debt have to maintain a DRR and in addition, a special reserve as required by the RBI, has also to be maintained. “To bring more participants, especially NBFCs, not registered as NBFCs-Factor, on the TReDS platform, amendment in the Factoring Regulation Act, 2011 is necessary and steps will be taken to allow all NBFCs to directly participate on the TReDS platform,” she said. Sitharaman also said efficient and conducive regulation of the housing sector is important in India’s context. Currently, the National Housing Bank (NHB), besides being the refinancer and lender, is also regulator of the housing finance sector. “This gives a somewhat conflicting and difficult mandate to NHB. I am proposing to return the regulation authority over the housing finance sector from NHB to RBI. Necessary proposals have been placed in the Finance Bill,” the minister said.
Mumbai: The Bombay High Court on Monday quashed proceedings initiated by a local court against Tata Sons’ former chairman Ratan Tata, its current chairman N Chandrasekaran and eight directors of the firm in a criminal defamation case filed by Nusli Wadia. In December 2018, a magistrate court in the city issued notices to Ratan Tata and the others in the criminal defamation case filed by Wadia. Wadia filed the case in 2016 after he was voted out of the boards of some Tata Group companies. Also Read – India gets first tranche of Swiss bank a/c details Tata and others then approached the high court seeking to quash and set aside the proceedings initiated against them. A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings. Senior counsel Abhishek Manu Singhvi, appearing for Ratan Tata, earlier told the court that the defamation case was because of a fallout of a corporate dispute. He said the entire case was filed with complete non-application of mind. Also Read – Tourists to be allowed in J&K from Thursday “The case is only a fallout of a corporate dispute between Ratan Tata and Nusli Wadia, who is a strong supporter of Cyrus Mistry,” Singhvi argued. Wadia, in his complaint before the magistrate, claimed that Tata and others made defamatory statements against him after they removed Cyrus Mistry on October 24, 2016 as the group chairman of Tata Sons. Wadia was on the board as an independent director of group companies like Indian Hotels Company, that runs the Taj group of hotels, TCS, Tata Motors and Tata Steel, among others. He was voted out by shareholders at a specially convened general meeting between December 2016 and February 2017. Wadia said he approached the magistrates court as he was not satisfied with the explanation given by the respondents (Tata and others) following his letters to them. He, therefore, initiated defamation proceedings against Tata and others under Indian Penal Code Section 500. Singhvi argued before the high court that what the complainant, Wadia, has termed as defamatory is wrong and not “defamatory per se”. “The November 2016 letters and minutes of the meeting circulated by Tata Sons to its group companies only sought for Wadia’s removal as he was acting against the company’s interest,” Singhvi said.