How Piramal managed to outbid Oaktree, Adani for DHFL

When the third round of bids was opened, Oaktree’s offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with......

DHFL case: Auditor flags fake deals worth Rs 12,705 cr

This pertains to certain irregularities in loan disbursements towards the development of two Slum Rehabilitation Authority projects undertaken by the company in the past. Fraudulent transactions......

Why Franklin-type fiascos will keep happening

'MFs acted as reckless lenders and not as prudent investors.''Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu. Illustration: Dominic Xavier/Rediff.com  ......

How DHFL diverted Rs 12,700 crore to shadowy firms

The ED, which is probing the DHFL promoters' role in financing funds to gangster Iqbal Memon (alias Iqbal Mirchi), said Kapil Wadhawan, former chairman and managing director of the debt-laden......