| RBI Releases Draft Circular On Liquidity Risk Management Framework for Non-Banking Financial Companies And Core Investment Companies
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| RBI has released draft circular on "Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies" for public comments. The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as well as MSME sectors. NBFCs' ability to perform their role effectively and efficiently requires them to be financially resilient, well-regulated and properly governed so that they retain the confidence of all their stakeholders including their lenders and borrowers. The Reserve Bank has always endeavoured to provide and modulate a regulatory architecture consistent with these objectives. In this context, an analysis of the recent developments in the NBFC sector pointed to the need for a stronger Asset Liability Management (ALM) framework in the NBFCs.
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| Chess #1353
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 The French Top 12 Club championship holds some special interest for India since a lot of Indians play for the French clubs
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| Mary Kom crowned India Open champion
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| Six-time world champion Mary Kom in the 51 kg category clinched the second edition of the India Open Boxing Tournament at the Karmabir Nabin Chandra Bordoloi AC Indoor Stadium on Friday.The London Olympic bronze medallist blew away the challenge of Vanlal Duati in a facile 5-0 win. This was Mary's second gold in the tournament, having won in 48 kg last year in the capital.Amit Panghal in 52 kg won his third gold medal of the year and Shiva Thapa finished on top in 60 kg.Fresh from winning her eighth medal at the Asian Championships, Sarita Devi added the India Open 60 kg gold medal to her illustrious resume and Neeraj carried on her giant-killing form to stun Asian Championships bronze medallist Manisha Moun in 57 kg.Panghal smartly evaded Sachin Siwach's attacks in the first round. It was towards the end of the second round that the Asian Games gold medallist found his rhythm and started choosing the right moments to land his blows over the former world youth champion.Panghal ...
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| India ready to host Olympic qualifiers: BFI chief
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| India are ready to host the Olympic qualifiers if the World Championships do not serve as a qualification event as per the International Olympic Committee's recommendation, Boxing Federation of India president Ajay Singh said here Friday. "We have a lot of experience now of hosting international tournaments. If required we are happy to host any Olympic qualifying event that might be conducted by the AIBA or the IOC," Singh said on the concluding day of the second India Open boxing tournament here. The IOC's Executive Board recommended on Wednesday that AIBA be stripped of its right to organise the event at Tokyo 2020, but said the sport should still feature at the Games. The recommendation, which followed investigations into alleged serious mismanagement at the crisis-riddled AIBA -- is almost certain to be ratified by the full IOC membership at its Congress in Lausanne next month. The move would mean that the upcoming World Championships in September-October in Russia may not serve ..
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| Champions League final to generate 123 million euros
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| The UEFA Champions League final between Tottenham Hotspur and Liverpool at the Wanda Metropolitano Stadium in Madrid will generate an economic impact of 123 million euros ($137 million), of which at least 66 million will be invested in the Spanish capital across sectors like leisure, accommodation, gastronomy and souvenirs, according to a tourism official.
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| Laver Cup becomes part of ATP Tour
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| The Laver Cup team event, in which Europe takes on the rest of the world, has become an official part of the annual ATP Tour calendar, the governing body of men's tennis confirmed on Friday.The event, approaching in its third edition will be held in Geneva, Switzerland from September 20 to 22 this year.World number one 1 Novak Djokovic, who played the second Laver Cup last year in Chicago, in a statement said, "The Laver Cup is a true celebration of tennis that is loved by the fans and embraced by the players.""I experienced it first hand as a player, and as President of the ATP Player Council I'm proud to support this collaboration," Djokovic said.World number three Roger Federer said he was delighted with the news."As I come closer to the end of my playing career, it's wonderful to know that the Laver Cup will be part of the tour that I've dedicated more than 20 years of my life to. This partnership is a wonderful example of how the tennis family can unite to promote and grow the ...
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| Reduced costs for 2026 Olympic candidates Milan and Stockholm
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| The two candidates to host the 2026 Winter Olympics, Stockholm/Are and Milan/Cortina d'Ampezzo, have "fully embraced" the cost-cutting Olympic Agenda 2020 reforms, according to the IOC. The IOC published the report by its evaluation commission Friday, one month ahead of the June 24 vote in Lausanne on which city will host the 2026 Games. Ex-Romanian rugby player Octavian Morariu, the commission head, said: "Both projects prioritise legacy and sustainability by capitalising on winter sports tradition and experience, with first-rate, established World Cup venues, knowledgeable and passionate fans, volunteers and event organisers. "They have fully embedded the Olympic Agenda 2020 philosophy, and have athletes at the centre of their plans." He added: "The two candidates have aligned their concepts with their context and local long-term goals. All of this led to massive cost savings and a more sustainable hosting model that is the new reality for the Games." According to the IOC, the two ..
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| Enrique Cerezo uncertain regarding Antoine Griezmann's stay in Atletico Madrid
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| President of Atletico Madrid, Enrique Cerezo, said that it is Antoine Griezmann's decision on whether he wants to say 'goodbye or not' to the club."Griezmann, I do not know if he wants to say goodbye or not, the truth is that I do not know. The farewell depends on Griezmann, who is the one who leaves. If he wants to say goodbye, he will say goodbye," Goal.com quoted Cerezo, as saying.The French footballer joined the club in 2014 and won the Europa League, UEFA Super Cup and Supercopa de Espana with Atletico Madrid. However, the 28-year-old announced on May 15 that he will leave the club after the end of the season.Despite saying that it is Griezmann's discretion about the future with the club, Cerezo feels that there is no chance of Griezmann staying back, calling his announcement 'irreversible'."It is irreversible. The only thing I tell him is that he has a lot of luck where he goes. And, that at least they treat him as we have treated him here," he said.Atletico Madrid finished ...
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, article language English
