Of Welspun, Cyprus and the FEMA conundrum

The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just......

Bank shares catapult markets to record closing highs

The key benchmark indices ended at record closing highs, bolstered by strength on the banking counters. The 30-share Sensex galloped by 370 points or 1.6% at 22,714 points and the 50-share Nifty......

Why Apollo Global is lending to stressed cos in India

The year 2013 was a dream run for US-based Apollo Global Management. The fund made a killing when it sold its stake in chemical firm LyondellBasell – earning close to a billion dollars for......

Indian shares post biggest single-day gain in nearly a month

Benchmark indices ended firm with Sensex closing above 21,000 mark led by buying in heavyweight sectors like oil & gas, banks and technology.The market sentiment was also cheered by data showing......