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ED justifies seeking Interpol red corner notice against Mallya

 The Enforcement Directorate has sent a detailed communication, along with legal inputs, to the Interpol which had recently sought some "clarifications" from it before notifying an arrest warrant......

Mallya denies giving interview, newspaper to release his e-mails

 Beleaguered businessman Vijay Mallya, mired in a controversy for leaving India in the middle of a massive loan default probe, on Monday appeared to distance himself from an interview that quoted......

India Opens Doors To Foreign Banks, But...

 But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff   In September 2006, the Union government had put the Satara......

Cabinet clears strategic divestment in IDBI Bank

 The Cabinet on Wednesday gave in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank in line with the Budget announcement earlier this year. The......

Kingfisher Airlines: IDBI Bank GM conspired with Mallya

 A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said in......

IDBI to be merged into IDBI Bank

 The Industrial Development Bank of India will be merged into its subsidiary IDBI Bank, in a reverse merger on similar lines as the merger of ICICI into its subsidiary ICICI Bank.Union Minister of......

IDBI Bank Q1 net zooms 101%

 IDBI Bank Ltd has posted a 100.6 per cent increase in net profit to Rs 22.4 crore (Rs 224 million) for the first quarter ended June 30, 2003, compared to Rs 11.1 crore (Rs 111 million) in the......

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