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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.",Heavy winds and a sudden downpour Monday evening led to massive traffic jams and waterlogging of low-lying areas in certain parts of Hyderabad. The showers that lasted a little more than an hour threw daily life out of gear as roads were covered in water.",Lawyers for Johnny Depp on Tuesday questioned the truthfulness of Amber Heard’s accusation that Depp sexually assaulted her with a liquor bottle.",Growing hopes of coordinated policy action to mitigate a broader fallout to economic activity has boosted market sentiment today, the RBI statement said.",Qualcomm announced the Snapdragon X series of chips for Windows PCs last year. The laptops powered by these processors are labelled Copilot+ PCs. For now, it is not known if MediaTek-powered AI PCs will also belong to the same class as Copilot+ PCs.",These organisations are expected to present their joint paper during the fourth G20 Finance Ministers and Central Bank Governors Meet, scheduled next October. This would help in the formulation of a coordinated and comprehensive policy approach to crypto assets, at a time when many countries including India did not have a regulatory framework for crypto assets.",The rover last week beamed home photographs of its first wheel tracks on the Martian soil since its daredevil landing.",Lack of coordination and infighting have hurt innovation within the billion revenue,98,000-employee organization,which hopes to accelerate the design of products that appeal to a new generation of users more accustomed to smartphones and tablets than laptops or desktop PCs.",Confirming the news to indianexpress.com, Kanchan Kaur, dean of IIJNM said, “Yes we are shutting down. We did not meet our expected admission numbers, which were significantly lower compared to last year. As a result, we have decided to cease admissions for the institution moving forward.”",The Electronics City Industries Association, an organisation managing Bengaluru’s IT and manufacturing hub, will host the inaugural ELCIA Tech Summit 2024 at The Oterra hotel on July 26. It will take place in Electronics City, where Bangalore IT.in (now Bengaluru Tech Summit) started 25 years ago.",Describing India as a “major focus” for Apple, CEO Tim Cook has said the tech giant has a “low share” in the country’s large market and there is a “lot of headroom” and “positives” there for the company.",It finally ended at 81.36, up 37 paise from its previous close.".