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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.",The accused woman Munazza Parande, allegedly got the signatures of the society’s committee members on the cheques under the pretext of withdrawing money to pay the salaries of staff, but fraudulently used the cheques to break the society’s fixed deposits and transferred money to her personal account. Her husband and two others have also been booked in the alleged fraud on Wednesday on the complaint of Purushottam Rohera, 80, the former chairman of the Shamrock Cooperative housing society Ltd., Santacruz (West).",With the new ‘view once’ feature, users will be able to send Snapchat-like disappearing photos and videos. These pictures and video files will not store themselves locally in the receiver’s device and rather be destructed once it has been watched once, allowing neither party to then retrieve the lost media item.",Besides, receding crude oil prices in international markets also boosted sentiment, traders said.",“Much like others, we’ve been watching and admiring Twitter’s growing investment in community-building with the release of Communities, Spaces, and features that promote safety,” Sphere said in a blog post.",Hyundai Motor India expects its SUV range to gain further traction in the domestic market with demand for personal mobility gaining momentum post the second wave of Covid-19, according to a senior company official.",The Serbian, who is currently tied with Spain’s Rafa Nadal at 22 majors, was untroubled by his 94th-ranked opponent, the first Peruvian in 29 years to reach a Grand Slam fourth round, on a windy day on Philippe Chatrier court.",As part of the partnership, SBI Life’s diverse range of individual and group insurance solutions will be offered to the customers of Yes Bank through the bank’s branches spread across 28 states and 8 Union Territories in India.",The clarification comes days after the ministry’s decision to bring international credit card spending under the RBI’s Liberalised Remittance Scheme and the consequent levy of 20 per cent TCS evoked sharp reactions from experts.",‘Save Democracy’, ‘Nation is behind Rahul Ji’, ‘He is Gandhi not Savarkar’ were some of the placards carried by the members on their way to the Assembly to participate in the day’s proceedings.",Gohil had sought temporary bail for seven days “to appear before the Juvenile Justice Board (JJB) at Jamnagar” on July 4 as a witness in a case.",Sunday was a day of protests for water in Delhi with leaders of both the AAP and the BJP, including all seven of its MP-designates, holding demonstrations in different parts of the Capital, blaming each other for the water crisis.".