Terror in Mumbai: IT could be next target

Terrorism' has become a global industry. It appears to work like a multinational corporation with branches, local offices around the world. This industry has no accountability to society.The......

Who is Shobhan Mehta?

Bookie Shoban Mehta, who was arrested on May 17, was granted bail by a Mumbai court on May 27.Not much is known about Shobhan, who is alleged to have fixed many international cricket matches.Is he......

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank......

Surat tops list of maximum number of shell firms in India

2,138 firms deposited unaccounted Rs 5,000 cr in zero-balance accounts during the note ban Illustration: Uttam Ghosh/Rediff.com Surat has replaced Kolkata as the new capital of shell firms that......

Surat set to get global diamond exchange in 3 years

Contract finally given for Rs 2,400-cr project, with GIFT City-like features The fragmented and largely unorganised diamond polishing and trading industry would shortly organise itself at a single......

World's first diamond trading exchange going live from today

  India has a major share in cutting and polishing of diamonds, with 90% of global work The Singapore Diamond Investment Exchange, world’s first and only commodity exchange trading in......

Mallika Sherawat's brother booked under FEMA

Vikram Lamba, brother of Bollywood actress Mallika Sherawat, was today booked under the Foreign Exchange Management Act (FEMA) for carrying foreign currency beyond permissible limit and not......