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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.",Ratings agency Fitch said two Adani Group subsidiaries are exposed to “heightened contagion risks”, possibly affecting their financial flexibility, due to governance weakness at the parent conglomerate and other Adani group companies.",HTC launched the next-generation of virtual reality headset, the Vive Pro, at this year’s Consumer Electronics Show (CES) in Las Vegas. This is an improved version of the original Vive headset, which made its debut at MWC 2015 in Barcelona. HTC didn’t reveal price or availability details, but it did say that additional information will be shared in the near future.",The 19-year-old Alcaraz broke early in the first set and closed it 6-2 in 38 minutes. He raced to 4-1 in the second and beat Evans in 80 minutes to reach the final in Barcelona for the second consecutive year.",Gamlet Zinkivskiy is fighting the Russian invasion with a paintbrush, creating murals he hopes can boost morale and provide a brief antidote to war in Kharkiv, Ukraine’s battle-scarred second city.",Angry over a woman stopping her communication with him, a 27-year-old man opened fire at her sister at their residence in Ganj Peth in the early hours of Sunday.",The two parties have entered a memorandum of understanding (MoU) wherein the traffic police department has agreed to share the city’s traffic data with IISc to enable researchers in finding traffic management solutions.",Students are delighted as schools are closed owing to the unrelenting heat and they are heading to their homes some metres away in Mahmudpur village in Sonipat’s Gohana.",Following a diagnosis of cholecystitis, he will be undergoing surgery to remove his gallbladder today and will return following a period of recuperation.",LinkedIn also introduced a new feature called University Pages enabling schools,students,and alumni to connect on the website.",We expect lower seaborne met coal prices will help Indian steel mills, as they import 70 per cent of their total requirement,” S&P Global Ratings credit analyst Anshuman Bharati said.",New films by Wes Anderson, Alice Rohrwacher, Hirokazu Kore-eda, Todd Haynes and Wim Wenders will compete for the Cannes Film Festival’s coveted top honor, the Palme d’Or, as will a record number of films directed by women. Cannes artistic director Thierry Frémaux and president Iris Knobloch, who took over the post last year from Pierre Lescure, announced a lineup heavy on big-name international auteurs, along with some new faces, in a press conference on Thursday in Paris.".