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Indian-Americans among 14 charged in $53-mn Covid relief fund fraud

As many as 14 people, including several Indian-origin business owners and employees have been charged in a $53 million fraud scheme involving a COVID-19 pandemic relief programme in the US state of......

India gets details of hundreds of Swiss bank accounts in 4th tranche

India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars......

ED uncovers Rs 1.43 cr with Jharkhand IAS officer, hubby in MGNREGA scam

Jharkhand mining secretary Pooja Singhal and her husband received 'huge' cash deposits -- to the tune of Rs 1.43 crore -- over and above her salary in their accounts, during the period she faced......

Two-day all India strike from Monday may hit essential services

Some of the essential services related to banking, transportation, railways and electricity are likely to be impacted during a two-day nationwide strike called by a joint forum of central trade......

India to get 3rd set of Swiss bank details, info on real estate this month

India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the......

'New Investors Won't Digest Such Falls'

'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.' Illustration:......

Will Dream Run For Banks Continue?

It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com Earlier this month, a Business......

Tough Times Lie Ahead For Banking Sector

For the banking system a new cycle starts in FY2024.It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay. IMAGE: Finance Minister Nirmala Sitharaman......

Lessons For Banks To Learn From SVB Collapse

The difference between what the banks play in the US and India is not that of soccer and football, but rugby and football.But when risks are mispriced, the fallout could be very similar, points out......

Will Financial Stress Break The Global Economy?

What's different this time is that global financial stress -- which has its genesis in four policy choices made in recent years -- is juxtaposed with a more resilient real economy, observes Sajjid......

Bollywood says NO to Australia

In response to the recent spate of violence againt Indian students in Australia, Bollywood filmmakers have decided not to shoot films in that country. The rising attacks on......

Doping admission could cost Armstrong millions

Lance Armstrong's admission that he used performance-enhancing drugs during his cycling career could hurt his bank balance as much as his reputation, with one company demanding $12 million from......

US charges Allen Stanford with 'massive' fraud

Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in......

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