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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.",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.",Embattled Tamil Nadu Minister V Senthil Balaji and his wife Megala Wednesday assailed the ED’s decision to arrest him in a money laundering case, saying in accordance with an apex court judgement, the officials of the probe agency are not police officers and so they cannot make arrests.",Jail Superintendent Umesh Singh said that a jail warder spotted them hanging from a tree behind their barrack. “A scarf was found around their neck… The warder immediately informed other staff and the bodies were brought down,” the jail superintendent said.",According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday.",Airport officials said amidst an atmosphere of panic, all 176 passengers were quickly evacuated through the emergency exit and moved to the isolation bay, as per guidelines. A video of the incident showed passengers and crew sliding down inflatable slides that had been propped up against the main exits and wings of the aircraft.",Police have booked nine people on the charges of attempt to murder and have also invoked against them the Scheduled Caste and Scheduled Tribes (Prevention of Atrocities) Act. Of those booked, two suspects, identified as Yusuf Khan and Salman Shaikh, were arrested on Monday.",The supermodel brought a fashionable piece of Italy to the French Riviera, by wearing a stunning vintage Versace gown from 1987. She took to Instagram to mention that her dress was designed by Gianni Versace himself.",Human Mobile Devices (HMD), on Tuesday, June 25, announced the availability of the updated Nokia 3210 4G feature phone with YouTube and YouTube Music cloud apps along with support for UPI payment in India. Besides this, the company also introduced two additional 4G feature phones – Nokia 235 and Nokia 220 4G – with a similar set of capabilities.",According to the customs department, the accused were two women travelling from Nairobi, Kenya, to Mumbai and were detained on the basis of spot profiling of passengers.",Check out the design in the tweets below.",In case a person doesn’t get enough water,every cell in the body is affected leading to a variety of conditions including decreased metabolism and brain activity.".