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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.",Elon Musk’s arrival at the Allen & Co Sun Valley Conference delivered a jolt to the annual gathering of media and technology executives this week, where the headline-making typically happens beyond the prying eyes of the media.",According to the police, the accused shared a video of one Yasmeen Sultana who was suffering from a chronic ailment, and requested people to contribute for her medical treatment. They shared the bank account number of one of Sultana’s relatives, Asra Begum. Following their request on social media, they could collect lakhs of rupees within three days, said police.",magicpin within the first four weeks of joining ONDC had scaled from 100 to 10,000 orders. By the fifth week, which was early last month we saw a massive leap to 20,000 daily orders, and now just another 4 weeks on and we have breached the 30,000 orders a day milestone on the network, all that in just 9 weeks of joining the network,” magicpin CEO and co-founder Anshoo Sharma said in a statement.",Superstar Rajinikanth recently wrapped up shooting for his upcoming movie Vettaiyan and spent some time in UAE. During his stay, Rajinikanth met MA Yusuff Ali, the chairman and managing director of Lulu Group, and other top executives of the renowned retail giant.",Avatar, starring Sam Worthington and Zoe Saldana, will be available for a “two week limited engagement”.",Apple acquired Shazam back in 2018 for 0 million. Shazam is an app that would let users identify songs that were being played around with a single tap. Now, the company has integrated Shazam’s functionalities into its iPhone, allowing users to recognise songs that are playing with a single tap.",In a pre-budget representation, the All-India Bank Employees Association said, “to facilitate loan recoveries, laws should be enacted/amended to confiscate personal assets of the directors in case of default by a company.”",Current Indian team coach Rahul Dravid’s tenure as head coach ends post the T20 World Cup and the BCCI will begin to hunt for a new coach in coming days. Shah stated that current coach Dravid can re-apply if he wants to.",Kate Moss and her daughter Lila were a powerful sight on the runway, where they both walked at a special Fendi x Versace event during the recently-concluded Milan Fashion Week.",As soon as the look was revealed, fans heaped praise on the actor. “Maddddddd ❤ Love how well you fit into any role. So versatile,” wrote a Twitter user, while another user mentioned that the look is everything “unexpected”.",The Pune unit of the state anti-corruption bureau (ACB) has arrested a traffic policeman for allegedly accepting a bribe of Rs 5,000 from a sand transporter.".