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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.",Equity benchmarks Sensex and Nifty soared to fresh closing record highs for the third successive session on Monday, with the 30-share index crossing the historic 65,000 mark on strong foreign fund flows and a rally in global equities.",25 March 2020 (Wednesday)Gudhi Padwa/ Ugadi/ 1st Navratra",Acclaimed filmmaker Damien Chazelle’s recent outing as a director, Babylon, has drawn a largely mixed response from the critics, with some claiming that the movie is a dazzling love letter to old Hollywood, while others stating it’s a muddled mess of lofty themes.",At the interbank foreign exchange, the domestic unit opened at 81.45 against the dollar, then touched 81.30, registering a gain of 37 paise over its previous close.",In a statement, Walmart said its ‘international’ segment’s net sales were at USD 29.6 billion, an increase of 1.3 per cent, and that changes in currency rates had negatively affected net sales by approximately USD 1.1 billion.",Last Sunday, the principal of Morarji Desai Residential School in Kolar’s Malar Taluka and other staff were arrested after a video went viral showing a few students cleaning the septic tank in the presence of the principal and a teacher.",While the publication did not share the complete emails to protect the anonymity of its sources, it has confirmed that the emails came from employees currently working for X. Moreover, the Elon Musk social media platform seems to have made some changes to the @handle guidelines, fees and process. However, a support page on X still says that “unfortunately, we cannot release inactive usernames at this time”.",Addressing the media Tuesday, S Balachandran, deputy-director general of meteorology, RMC, Chennai said, “In terms of the Northeast monsoon in Tamil Nadu, Puducherry and Karaikal areas, there has been 43 per cent less than actual rainfall in October.”",The 32-year-old Canberra suspect appeared in the ACT Magistrates Court on Tuesday to face five charges, including failure to stop for police and driving while suspended, the Australian Broadcasting Corporation (ABC) said, citing court documents.",A group of farmers travelling from Karnataka to participate in Tuesday’s protest in New Delhi were detained in Bhopal by police on Monday, prompting condemnation from Chief Minister Siddaramaiah, who accused Prime Minister Narendra Modi of trying to intimidate farmers into submission.",The forest department officials contained the fire Wednesday after more than 15 hours of struggle. No animals were reported dead or injured in the incident, for which dry weather was suspected to be the reason.".