Vidya underwent three changes in costume during the wedding ceremony, one of them being a mustard saree with a pink blouse, matching Siddharth's yellow kurta and pink turban
Mumbai: Bollywood actress Vidya Balan tied the knot with UTV head Siddharth Roy Kapoor on Friday in a private ceremony which saw a mix of both Punjabi and Tamil traditions, reports PTI.
The wedding rituals went on for over an hour this morning at the well-decorated Green Mile Bungalow in Bandra in the presence of family members of the bride and groom.
"The wedding ceremony was a mix of both Punjabi and Tamil traditions. The food served was South Indian," a source close to Vidya told PTI.
The 34-year-old actress underwent three changes in costume during the wedding ceremony, one of them being a mustard saree with a pink blouse, matching the 38-year-old groom's yellow kurta and pink turban.
After the ceremony was over, the newlywed couple came out to pose for pictures and Vidya was seen wearing a red saree teamed with gold jewellery.
The 'Kahaani' star also waved her mehndi-adorned hands at the waiting media, revealing the Punjabi-style 'chooda' she was wearing.
The wedding festivities for the couple began on 11th December with a private dinner which was followed by a mehendi ceremony on 12th December.
A few friends from Bollywood sent in their best wishes for the newlyweds on Twitter.
"Congratulations to my friends Siddharth Roy Kapoor and Vidya Balan! They make such a beautiful couple.. here's wishing them happiness forever," tweeted actress Priyanka Chopra.
Filmmaker Madhur Bhandarkar posted, "My heart filled wishes to buddy Siddharth Roy Kapoor and Vidya Balan for the new phase of their lives together. Congratulations to the beautiful couple."
Vidya, who never confirmed rumours about her relationship with Siddharth, stayed mum about her wedding as well and the celebrations are being kept as private as possible.
The 'Kahaani' actress, who was born in Kerala and grew up in Mumbai, made her Bollywood debut with the 2005 film 'Parineeta'.
She has made a mark in the hindi film industry with films like 'Bhool Bhulaiyaa', 'Paa', 'Ishqiya' and 'The Dirty Picture'.
Any agreement entered into by the government is an agreement deemed to have been entered into on behalf of the and in the interest of “We the people” and the PIO cannot deny this information to a citizen. This is the eleventh in a series of important judgements given by Shailesh Gandhi, former CIC that can be used or quoted in an RTI application
Kotak Institutional Equities maintains a ‘positive’ outlook on NBFCs and expects Mahindra Finance, Shriram Transport, IDFC and Reliance Capital while bearish on HDFC, Rural Electrification Corporation (REC), Bajaj Finserv
Kotak Institutional Equities (Kotak) has voiced positive sentiments on Non-Banking Financial Companies (NBFCs) on the back of the recently announced draft guidelines issued by the banking regulator, the Reserve Bank of India (RBI). The report released on 13 December 2012 stated, “We are positive on the business of asset-finance NBFCs even as the recent rally caps upside.” In other words, it is positive on the sector even though the market has discounted the upside movement because it believe the guidelines will make NBFC fundamentally stronger over the long-term. It expects most of the NBFCs under coverage to report 7%-10% lower pre-tax earnings if these guidelines are to be implemented straightaway instead of in 2015 as stipulated in the draft guidelines. It bullish on Mahindra Finance, Shriram Transport, IDFC and Reliance Capital while it is bearish on HDFC, Rural Electrification Corporation (REC), Bajaj Finserv.
Check here for some of our write ups on NBFCs.
Some of the highlights of the draft guidelines are:
Kotak stated, “RBI’s proposed guidelines for NBFCs are marginally better than expected.” The final guidelines are slated for January 2013, which will be implemented by NBFCs. Other than impact on pre-tax earnings, it finds that its universe of NBFCs has CAR of over 15% (as of September 2012) which is well above stipulated norms. For instance, according to the report, Shriram Transport has 16.8% Tier-I CAR, Muthoot Finance has 14% tier-I CAR (this is flirting with the 12% norm and could go lower if gold prices crash). Mahindra Finance has around 14% tier-I CAR. IFDC is well placed with tier-I CAR of 19.2%.
According to the Kotak report, some of the companies likely to be impacted on account of higher provisioning due to stringent NPL norms are Power Finance Corporation, Rural Electrification Corporation and L&T Finance Holdings. The table below shows which companies are likely to be impacted and their overall loan picture.
However, Kotak said that these guidelines will not impact significantly the companies it covers. It says, “We don’t find a significant impact of the draft guidelines on sustainable earnings of NBFCs under our coverage”. It furthermore said, “While M&A activity in the sector will be exposed to higher regulatory scrutiny, higher regulatory control will provide comfort to stakeholders”.
On 12th December, RBI released draft guidelines to address issues and concerns in the NBFC sector. The draft guidelines are based on recommendations on the basis of Usha Thorat Committee Report. The Committee reviewed existing regulatory and supervisory framework of non-banking finance companies (NBFCs) and to strengthen the overall regulatory framework. The draft revised guidelines relate to entry point norms, principal business criteria, prudential regulations, liquidity requirements for NBFCs and corporate governance.
Check here for our take on some of our Kotak Institutional Equities reports.