As online payments, digital loans in second-most populous country soar at fastest rates worldwide, money is pouring into India’s financial technology sector at an unprecedented pace.
Omer Ismail, 41, who came to the US from Pakistan after 9/11, has to transform the famously fierce Wall Street bank into a friendly face for Main Street.
When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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