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Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs. “For ARCs, sponsors have to be ‘fit and proper’. The criterion for fit and proper is something that we are working on and we’ll come out with some regulations around it. It will be more formalization of what we already have,” Mishra said at an NBCF meet organized by industry lobby IMC.",At the interbank foreign exchange market, the local unit opened at 83.39 against the dollar and rose to 83.37, up 3 paise from its previous close.",Even as the Delhi government has threatened to move the Supreme Court against Haryana, blaming it for Delhi’s current water crisis, officials in both states said that it is not the amount of water that the city is supposed to get, but the spike in requirement that is at the centre of the its woes.",The much-awaited annual Baba Siddiqui iftar party was organised last evening at Taj Lands End in Mumbai. Owing to the Covid-19 pandemic, the event was held after a gap of two years, with several well-known celebrities in attendance.",The New Shepard rocket was barely a minute into its flight from West Texas when bright yellow flames shot out from around the single engine at the bottom. The capsule’s emergency launch abort system immediately kicked in, lifting the craft off the top. Several minutes later, the capsule parachuted onto the remote desert floor.",Apple OS X Yosemite, the latest release of the Mac desktop operating system, is available as a free upgrade for Mac users from the Mac App Store from today.",PV Sindhu’s latest looks have been extremely chic and fascinating, and it looks like she is not going to stop anytime soon.",The recall will impact vehicles manufactured between October 27, 2016 and November 1, 2019, Maruti Suzuki India said in a regulatory filing.",Kumar, a resident of Kanchipuram, was selected out of a shortlist of 10 lens-based practitioners from India, Pakistan, Bangladesh and Myanmar.",Roscosmos said a panel of experts would determine later this month whether the Soyuz MS-22 capsule could be safely used by the crew for its planned return to Earth or if it should be discarded and replaced. It said the next scheduled launch of a Soyuz was in March but could be expedited, if necessary.",Four percent reservation given to minorities is not based on religion but on par with social justice practices. We are taking steps to eradicate poverty and improve the lives of the poor, but Chandrababu’s politics is akin to that of a chameleon,” said Reddy.",The woman was admitted to a hospital and her condition is stable, the police said. Videos of the incident have gone viral on social media.".