The tale of the 16 ED notices to Lalit Modi

Lalit Modi has received 16 showcause notices from the Enforcement Directorate for alleged violations of the Foreign Exchange Management Act. Of these, 15 were issued under the United Progressive......

Reveal financial dealings: AP govt to Sai Trust

There seems to be no respite for the Sathya Sai Central Trust. The Andhra Pradesh on Monday issued a notice to the trust and its members seeing details of all financial transaction. The notice......

Cash seizure: Baba's nephew gives a new twist

Giving a completely new dimension to the entire controversy that dogged the temple town of Puttaparthi, Ratnakar -- a trustee in the Sri Satya Sai Central Trust and Sai Baba's nephew -- has said......

Police to question Sai Baba trustees

Trustees of the Shri Satya Sai Central Trust have expressed their willingness to appear before the police for investigation into the case of missing cashfrom the Puttaparthi ashram. \\nTrustees R......

What exactly happened at RBL Bank?

RBL Bank is no Yes Bank. It's not fraught with fraud. It's a story of limitless ambition and greed for growth under a leader who doesn't want to give up, explains Tamal Bandyopadhyay. IMAGE:......

Bank mergers and death of forex brokerages

Business is down to such an extent that last year these firms could not even meet RBI’s capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this......

Why forex brokerage firms are staring at a dark future

Today, they can’t meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business.Bulk of the trades......

Banks are investing big time in venture capital

Banks are allowed to invest up to 10 per cent of the paid-up or unit capital in Category-I or Category-II Alternative Investment Funds Illustration: Uttam Ghosh/Rediff.com Raising a new fund from......

Cricket Roundup: North eastern set to play Ranji Trophy next year; Ganguly invites Sangakkara

North eastern states set to play Ranji Trophy next year The Committee of Administrators (COA) on Friday assured that all six north eastern states will be playing Ranji Trophy as individual units......

On court's directive, Shetty appointed observer for one-off Test

On the directive of the Hyderabad High Court, the BCCI, on Tuesday, appointed Ratnakar Shetty as observer for the one-off Test match between India and Bangladesh, scheduled to be held in Hyderabad......

Court declines to stay termination of Deccan Chargers

The cash-strapped Deccan Chargers will remain terminated from the IPL after the Bombay high court, on Thursday, set aside a status quo order passed by an arbitrator on cessation of its membership......

BCCI gets fresh summons from I-T

Under scanner from multiple government agencies, the Cricket Board has been served with fresh summons by the Income Tax authorities seeking details about the conduct of Indian Premier League,......

IT authorities issue summons to BCCI on IPL

The Income Tax department has issued summons to the BCCI seeking complete details of the eight original Indian Premier League franchises. "Day before yesterday they had asked for details only about......