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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.",A triumphant Novak Djokovic paraded the Australian Open trophy around the gardens of Melbourne’s Government House on Monday, his 10th title having added another notch in the plus column for those who argue he is the Greatest Of All Time (GOAT).",Led by Uttar Pradesh Chief Minister Yogi Adityanath and Speaker Satish Mahana, the state’s lawmakers are on a visit to the Ram Temple in Ayodhya today. The invitation extended by the Speaker in the Assembly on Saturday put several Opposition MLAs on the spot, with Samajwadi Party chief Akhilesh Yadav declining the invite.",-Namrata Joshipura, fashion designer",Tamil Nadu minister V Senthil Balaji, who was arrested by the Enforcement Directorate (ED) in June in connection with a money-laundering case, was taken to the government-run Stanley Medical College in Chennai early on Monday morning.",As his tenure ends May 31, he passes the baton at MICA to Jaya Deshmukh — the first woman director that the institute is set to have in its 33-year-long history.",Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",The seasonally adjusted India Services Business Activity Index fell from 53.7 in November to 52.3 in December.",The Justice Aruna Jagadeesan Commission of Inquiry, which probed the Thoothukudi police firing that claimed 13 lives, faulted the police for indulging in excess and recommended appropriate action against the police officials and others.",Incidents of waterlogging, flooding, trees falling and other situations arise in the city due to excess rain or heavy showers. Various civic departments including those of sewages, roads, gardens, fire control and ward offices are involved in managing the situation as per the requirement,” said municipal commissioner Rajendra Bhosale.",The SGX Group aims to disclose trading positions on commodities including iron ore, rubber and freight on a weekly basis beginning in the third quarter to bolster transparency as more traders from outside Asia participate in the market.",Facebook has revealed that it removed nearly 1.5 million videos of the Christchurch mosque shootings in which 50 people were killed and another 50 people injured, after a gunman opened fire on worshippers on Friday, March 15 at two mosques in New Zealand. The attacker also live-streamed part of the attack on both YouTube and Facebook.".