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EXPLAINED: How chit fund scams work

'Around 15 crore poor people have lost their money.' The political stand-off between West Bengal Chief Minister Mamata Banerjee and the Narendra Damodardas Modi government after a Central Bureau......

Why should the people of Bengal suffer lung cancer?

Mamata Banerjee has announced a Rs 500 crore relief package to assuage those who lost their money to the Saradha chit fund. As West Bengal is dancing on the edge of bankruptcy, this money will be......

Exclusive: After India, B'desh in cyber war with Myanmar

The hacking of Bangladeshi websites including its largest online news site bdnews24.com has triggered the war, which is expected to again speed in days to come. The maritime dispute between......

The strange case of the 2G investigator & scribe

Rajeshwar Singh, assistant director, Enforcement Directorate, who is among the officials probing the 2G spectrum scam, has asked to be excused from the probe. Sahim Salim finds out why. Why has......

The nexus of sports, business, and politics

Before venturing forth into the quicksand of allegations that is the Kochi IPL let us lay out two clear markers to guide us through the murky waters. First, Shashi Tharoor's private life is just......

'We are in search of a Shiva to consume the poison from banking system'

'Should the government be in the business of running banks?''Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?' Tamal Bandyopadhyay is a......

Over Rs 86,600 crore fraud probe against Sahara

All four societies were under common management of the Sahara group and had collectively garnered Rs 86,673 crore, including more than Rs 47,000 crore collected by Sahara Credit Cooperative Society......

'The financial system is shaken, but safe'

'My understanding is this: Yes Bank's suitor has already been identified; the strategy to revive and rehabilitate the bank has already been put in place. Of course, certain regulatory forbearance......

18 things that will shape India's economy this year

As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists. Illustration: Uttam Ghosh/Rediff.com Pre-election years are usually exciting. While......

Vedic slokas, witty repartees, Kolkata's who's who at Bandhan book launch

Kolkata’s creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar......

Star India wins India cricket sponsorship rights; Sahara bid declared ineligible

Star India Pvt. Ltd. was awarded the team sponsorship rights of the Indian team on Monday for a period of three years after Sahara's bid was declared ineligible by the BCCI in Chennai. "Star India......

Has the BCCI taken our cricketers for a ride?

Why does the richest cricket board in the world pay its players peanuts for official matches, thus paving the way for making IPL their real cash bonanza, asks Sanjay Jha For cricket aficionados,......

Sahara may rejoin IPL, but won't sponsor Team India

Sahara India chief Subrata Roy told CNN-IBN in an exclusive interview that there is no question of sponsoring the Indian cricket team. However, the group will continue to support the Pune Indian......

Sahara sponsorship: Cricket's loss is hockey's gain

Their association with cricket might have gone sour but Sahara Group is set to renew its long-term sponsorship deal with Indian hockey by signing a five-year agreement with Hockey India, the......

F1 teams eye Indian sponsorship pie

The indifference shown by the majority of India's deep-pocketed corporates towards Formula One has baffled team bosses who expect them to warm to the sport following the success of last weekend's......

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