The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.
The withdrawal of offer letters is an indication that the company might have overestimated its future business after giving offer letters.
Rajan has a great track record abroad.
The good news for the group has come from the port business.
The study claims that from its peak of 18 per cent of gross domestic product in 2008, the crony capitalists' wealth is now down to three per cent
The insurer has launched a personal health wallet with an aim to motivate people to not only buy health insurance but also stay fit
Life insurance companies are balancing the increasing use of celebrity endorsers by limiting the association to short, event-led campaigns.
HDFC Life has a balance between traditional policies and Ulips
Former head of McKinsey & Co,c, is not alone in writing a book on his life after serving a prison term.
Tata Steel, others sell assets abroad after taking massive impairments.
While proposals for covers in volatile markets aren't denied, premiums are much higher - by as much as 100-600%
Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.
EMR might have the provision to show pricing for each ailment.
The money was paid to Mallya in two tranches in his offshore accounts.
RBI, Enforcement Directorate to see if money was sent to tax haven
Often, these gangs tie up with former sector employees to understand how the process works
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances