Latest news with #Bimal
Pink Villa
23-05-2025
- Business
- Pink Villa
Not Shah Rukh Khan or Aamir Khan, THIS Punjabi bahurani is smartest with money in Bollywood, find out
When it comes to money management in Bollywood, it's Katrina Kaif who truly stands out, not Shah Rukh Khan, Ranbir Kapoor, or even Aamir Khan. Surprised? That's right! The ever-smart Punjabi bahurani has proven she's got sharp financial instincts, and this revelation might just catch fans off guard. In a recent conversation with The Hollywood Reporter, Bimal Parekh, who has long served as Aamir Khan' s chartered accountant, offered insights into the financial habits of Bollywood celebrities. He pointed out that despite being among the industry's top stars, both Aamir Khan and Ranbir Kapoor tend to be quite relaxed about handling their finances. Parekh noted that the two actors don't have a strong grasp of money matters. Katrina Kaif is the sharpest when it comes to finances 'Katrina Kaif is the sharpest. She takes an interest. Aamir and Ranbir are not that bothered! Then Ritesh Sidhwani and Krishna DK (of Raj-DK director duo) are sharp as well, they understand money," he shared Bimal Parekh, who not only manages Ranbir Kapoor's finances but also co-owns his football team, revealed that it was the late Rishi Kapoor who had the final say regarding the team's ownership. According to Bimal, Rishi was open to the partnership but insisted that a family member be actively involved in overseeing the team's operations. Bimal also revealed that he was the first to introduce the full backend payment model in Aamir Khan's case. He explained that under this arrangement, Aamir would not take an upfront fee but instead opt for profit-sharing. According to Bimal, this model allowed the studio Viacom18 to profit from Laal Singh Chaddha, even though Aamir earned a relatively small amount. In contrast, Aamir earned well from Dangal. Bimal mentioned that this approach was introduced at a time when most actors preferred charging upfront fees. He also recalled Aamir once telling him that he deliberately charged lower fees to ensure his producers wouldn't suffer losses. Surprised by this, Bimal had suggested that a more effective approach would be to skip the fee altogether and rely solely on backend profits.
Time of India
22-05-2025
- Business
- Time of India
RBI set to announce dividend payout to government for 2024-25 FY
Representative image NEW DELHI: The Reserve Bank of India (RBI) is expected to declare on Friday the dividend amount it will transfer to the central government for the fiscal year 2024-25, with indications pointing to a payout higher than the record Rs 2.1 lakh crore disbursed for 2023-24. This previous figure more than doubled the Rs 87,416 crore dividend paid for the 2022-23 fiscal, marking a significant increase in government receipts from the central bank, as reported by PTI. The decision is likely to be finalised at the RBI's Central Board of Directors meeting scheduled for May 23. Last week, the Board reviewed the Economic Capital Framework (ECF), which serves as the basis for determining the surplus transfer to the government. This framework was adopted in August 2019 following recommendations from the Bimal Jalan-led Expert Committee, which advised maintaining the Contingent Risk Buffer (CRB) between 5.5 to 6.5 perc ent of the RBI's balance sheet. The Union Budget for 2024-25 projects a dividend income of Rs 2.56 lakh crore from the Reserve Bank and other public sector financial institutions, reflecting expectations of sustained or increased payouts. The surplus transfer is influenced by the RBI's economic conditions and risk buffers, which ensure the central bank's financial health while supporting government finances. Meanwhile, on the monetary policy front, Morgan Stanley's recent report highlighted that the RBI might pursue steeper interest rate cuts to support a slowing economy, potentially lowering the repo rate to 5.5 per cent amid controlled inflation. The central bank is also expected to use other tools, including regulatory easing and ensuring sufficient liquidity, to encourage credit growth. Furthermore, as per the RBI's May Bulletin, India is increasingly seen as a "connector country" in global trade, especially in technology and pharmaceuticals, which positions the economy well despite ongoing global uncertainties such as trade frictions and weak consumer sentiment. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Wire
22-05-2025
- Business
- Business Wire
NuVista AI Appoints Bimal Tandel as CEO, Launches AIHouse Software to Accelerate AI Launches for Customers
ATLANTA--(BUSINESS WIRE)--NuVista AI, a fast-growing software and services company helping startups and SMBs build and scale AI solutions, announces Bimal Tandel's appointment as CEO. is a recognized leader in Data and AI, with over two decades of experience spanning global enterprises and high-growth startups. He has held leadership roles at Amazon Web Services and Accenture, and contributed to the success of innovative startups including Cloudera, Relus Cloud, and Cloudreach. Bimal has a proven track record of helping enterprise clients modernize their data platforms and advising early-stage ventures on product delivery and AI strategy. The company also unveils AIHouse, a category-defining SaaS platform designed to simplify and accelerate AI-powered project delivery. AIHouse uses automation, prebuilt accelerators, and intelligent workflows to streamline every phase of the AI lifecycle—from data preparation and model development to deployment and monitoring. By embedding AI into the platform itself, AIHouse reduces complexity, shortens time-to-value, and enables teams to move from concept to production with greater speed, consistency, and confidence. NuVista AI's model aligns perfectly with the market's shift toward AI-powered services delivered through software, positioning the company for continued growth and innovation. By providing startups and SMBs with the tools and guidance to build products with AI at their core, NuVista makes advanced technology accessible to organizations that traditionally lacked the resources to implement it. In addition to AIHouse, NuVista AI offers two key programs to support this mission: the Innovation Lab for Startups and SMBs, a hands-on environment for experimenting with real-world AI and data architectures; and the Intelligence Everywhere Workshops, a fast-paced discovery program that helps teams turn AI ideas into working prototypes within weeks. About NuVista AI NuVista AI is a software and consulting firm that helps early-stage and growth-stage companies go from AI idea to execution faster. Through AIHouse, its proprietary SaaS platform, and a global team of domain experts, NuVista delivers scalable, practical AI adoption programs across industries like healthcare, e-commerce, logistics, and fintech. Learn more or book a discovery session at
Economic Times
15-05-2025
- Business
- Economic Times
RBI Board reviews Economic Capital Framework to decide dividend to govt
The Reserve Bank's Central Board on Thursday reviewed its Economic Capital Framework (ECF) which is the basis for deciding the surplus transfer or amount of dividend to be given to the government. The RBI had paid a record Rs 2.1 lakh crore dividend to the government for 2023-24. The payout was Rs 87,416 crore for 2022-23. ADVERTISEMENT The dividend payout is expected to be higher this time, the decision about which is likely to be taken at the next meeting of the Central Board of Directors of the Reserve Bank of India to be held on May 23. "The 615th meeting of the Central Board of Directors of Reserve Bank of India was held today in Mumbai under the Chairmanship of Sanjay Malhotra, Governor. As part of the agenda, inter alia, the Board reviewed the Economic Capital Framework (ECF) of the Reserve Bank of India," RBI said in a statement on Thursday. The transferable surplus is determined on the basis of the ECF adopted by the Reserve Bank on August 26, 2019, as per recommendations of the Bimal Jalan-headed Expert Committee to Review the extant Economic Capital Framework of the RBI. The Committee had recommended that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5 to 5.5 per cent of the RBI's balance sheet. The Union Budget for the current fiscal has projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions. ADVERTISEMENT The 615th Board meeting was attended by deputy governors M Rajeshwar Rao, T Rabi Sankar, Swaminathan J, and Poonam Gupta. Other Directors of the Central Board - Ajay Seth, Secretary, Department of Economic Affairs, Nagaraju Maddirala, Secretary, Department of Financial Services, Satish K Marathe, S Gurumurthy, Revathy Iyer, Sachin Chaturvedi, Venu Srinivasan, Pankaj Ramanbhai Patel and Ravindra H Dholakia - also attended the meeting.
