Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

Whistleblower, Paras Kuhad, alleged that Edelweiss Group and Caisse de depot et placement du Québec, a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did......

Sale of Reliance Capital's assets gets resounding response

Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap’s 51 per cent stake......

RBI rejects BoB's plan to send Anil Ambani firms to NCLT

The RBI rejection is a second blow to BoB - the lead bank of both companies -- after a Delhi high court order on August 18 stayed a move by BoB and the entire consortium of lenders to classify......

Pay up, make peace: Promoters make one-time settlements with banks on loans

Lenders say settlements will cross over 100 accounts in the March quarter.Dev Chatterjee and Abhijit Lele report. Illustration: Uttam Ghosh/Rediff.com With rising litigation over insolvency cases,......