News for 'Bank In Trouble'

Sensex, Nifty end flat but at record closing highs

Sensex, Nifty end flat but at record closing highs

Rediff.com11 May 2017

The breadth, indicating the overall health of the market, turned negative. On the BSE, 1,581 shares declined and 1,246 shares fell. A total of 165 shares were unchanged.

Is the minority shareholders of stressed companies getting a raw deal?

Is the minority shareholders of stressed companies getting a raw deal?

Rediff.com3 Jul 2017

Close to a million small shareholders have stake in nine NCLT-bound companies

BJP MLA who 'received Lalu's call' files FIR against him

BJP MLA who 'received Lalu's call' files FIR against him

Rediff.com27 Nov 2020

Lalan Kumar Paswan, who lodged the FIR with the vigilance department, held that the RJD chief's alleged act was tantamount to 'corruption' since, as a member of the legislative assembly, he was a 'public servant' whom Yadav had tried to entice away from 'performing the constitutional obligation of taking part in voting in the House'.

Elephant rushes into river to 'save drowning human best friend'

Elephant rushes into river to 'save drowning human best friend'

Rediff.com18 Oct 2016

Darrick, who is originally from Toronto, Ontario, pretended that he had got into trouble in the river, splashing and crying out for help. The footage shows the elephant going towards him as he moves towards the river bank on the other side.

A peek into the stocks that Jhunjhunwala is invested in

A peek into the stocks that Jhunjhunwala is invested in

Rediff.com26 Apr 2019

Jhunjhunwala increases stake in DHFL, luggage maker VIP Industries and pharma major Lupin but is cautious on auto holding. At the end of the March quarter, Jhunjhunwala held positions in 29 firms.

As Jet grounds flights, 20,000 employees are staring at uncertain future

As Jet grounds flights, 20,000 employees are staring at uncertain future

Rediff.com18 Apr 2019

The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.

The Reinvention of Arvind Kejriwal

The Reinvention of Arvind Kejriwal

Rediff.com27 Jan 2020

'Brand Kejriwal-AAP have a long way to go even if they win another Delhi election...'
'It is a force nobody can ignore, not even Mr Modi, because it will keep punching above its weight,' notes Shekhar Gupta.

Bankers back on the front foot

Bankers back on the front foot

Rediff.com28 Jan 2011

After being on the defensive for the last two years, global bankers are making their presence felt in Davos.

Finacle adds to Infosys' pain

Finacle adds to Infosys' pain

Rediff.com16 Apr 2012

IT firm's performance shows trouble in products segment, a majority of whose share comes from Finacle

Woodpecker Air that brew intoxicants: CEA takes dig at Mallya

Woodpecker Air that brew intoxicants: CEA takes dig at Mallya

Rediff.com9 Mar 2016

Kingfisher Airlines, promoted by Vijay Mallya whose other group entities included United Breweries, owe close to Rs 7,000 crore to 17 banks.

Looking at HDIL MD Sarang Wadhawan's Bollywood connections!

Looking at HDIL MD Sarang Wadhawan's Bollywood connections!

Rediff.com7 Oct 2019

Better known as Sunny Dewan, Sarang -- and his wife Anu -- have been regulars at Bollywood parties. Namrata Thakker takes a look at the couple's social calendar from their good ol' days.

Fulfilling economic promises will be an uphill task for Modi

Fulfilling economic promises will be an uphill task for Modi

Rediff.com9 Jan 2016

Sustaining anything in the region of 7% growth should be good enough in a troubled and risk-laden world, says T N Ninan.

Vikram Pandit bags Euronext award

Vikram Pandit bags Euronext award

Rediff.com12 Jul 2010

India-born chief executive officer of Citigroup, Vikram Pandit, was awarded Banker of the Year by Euronext magazine for having executed one of the biggest, and most complex, bank restructurings in history which saw the troubled institution returning to profits.

CBI raids residences, office of K'taka Congress MP's associates

CBI raids residences, office of K'taka Congress MP's associates

Rediff.com31 May 2018

Shivakumar and his MP brother Suresh calling it a 'vindictive act' by the Bharatiya Janata Party-led government at the Centre to frame them.

How govt is blatantly misusing LIC to save failing companies

How govt is blatantly misusing LIC to save failing companies

Rediff.com8 Oct 2018

Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.

Want to be an ace investor? Read this

Want to be an ace investor? Read this

Rediff.com24 Jan 2019

Investing in special situations can help you tap opportunities that arise during adverse conditions, advises Joydeep Sen.

After initial burst of activity govt has retreated into a shell: Rajan

After initial burst of activity govt has retreated into a shell: Rajan

Rediff.com7 Sep 2020

Terming the 23.9 per cent fall in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding, "Unfortunately, after an initial burst of activity, it seems to have retreated into a shell."

Why the RBI rate hike will NOT curb inflation

Why the RBI rate hike will NOT curb inflation

Rediff.com16 Sep 2011

There is not much that the RBI can do to address India's inflation. Solutions to the problem lie with Pranab Mukherjee and Sharad Pawar, who run the ministries of finance and agriculture, respectively.

Rahul goes abroad on 'meditational visit' ahead of Cong protest

Rahul goes abroad on 'meditational visit' ahead of Cong protest

Rediff.com30 Oct 2019

Surjewala said the party's 10-day agitation was formalised at a meeting in which Rahul Gandhi participated in, but neither he nor Sonia Gandhi would be participating in the state and district level programmes.

STOP! Do not tear that counterfeit note

STOP! Do not tear that counterfeit note

Rediff.com23 Dec 2016

'The counting machine beeped, indicating a counterfeit note.' 'When the teller started tearing it, my nephew stopped him and asked him: Under whose authority was he destroying it, how did he know that the note was fake and if a genuine note gets destroyed, how will he be compensated?' Harsh Roongta explains the process if you have a counterfeit note.

12th year in a row, Fitch keeps India sovereign rating unchanged

12th year in a row, Fitch keeps India sovereign rating unchanged

Rediff.com15 Nov 2018

Fitch had last upgraded India's sovereign rating from BB+ to BBB- with a stable outlook on August 1, 2006.

'All we need is cash!'

'All we need is cash!'

Rediff.com11 Nov 2016

Day Two after the banks reopened following the prime minister's demonitisation announcement, the scenario remained just as chaotic as Day One, reports A Ganesh Nadar/Rediff.com.

'Distinguish between wilful and genuine defaulters'

'Distinguish between wilful and genuine defaulters'

Rediff.com8 Dec 2017

'There are many cases where a company hits the wall because of reasons not under their control.' 'If you do not understand and appreciate that and paint all promoters with the same brush then definitely you are inviting trouble.'

GDP shrinks, pandemic 'act of god' saves Modi govt

GDP shrinks, pandemic 'act of god' saves Modi govt

Rediff.com1 Sep 2020

Even in this darkest hour of a crumbling economy and raging disease, there is hardly a murmur of protest against the government, observes Sumit Bhattacharya.

It's raining bad news for Jet Airways

It's raining bad news for Jet Airways

Rediff.com11 Apr 2019

In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12.

How to travel solo and SAFE!

How to travel solo and SAFE!

Rediff.com16 Oct 2018

Be oblivious of your surroundings. Don't oblige unknown men with pictures. Carry a swiss knife, says Deepak Ananth.

'Reversal of IPO frenzy is taking longer than in the past'

'Reversal of IPO frenzy is taking longer than in the past'

Rediff.com9 Apr 2021

'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'

StanChart shakeup turns screws on India's tycoons

StanChart shakeup turns screws on India's tycoons

Rediff.com5 Nov 2015

Among India's capital-starved local banks, Essar is viewed as too big to fail.

From boom to doom: The story of India's start-ups

From boom to doom: The story of India's start-ups

Rediff.com21 Jul 2016

Start-ups that did not have a business model and, hence, could not grow or attract new funding, are shutting shop.

India's top women bankers most powerful outside US

India's top women bankers most powerful outside US

Rediff.com13 Sep 2016

SBI's Bhattacharya is ranked second on the list, while ICICI's Kochhar is 5th and Axis's Sharma is 19th in the Fortune list

Mallya sinks deeper, as ED registers case against him

Mallya sinks deeper, as ED registers case against him

Rediff.com7 Mar 2016

The ED has pressed charges under various sections of the Prevention of Money Laundering Act against Mallya and others named in the CBI complaint

Can 'creative' Aaditya Thackeray revive Sena's popularity?

Can 'creative' Aaditya Thackeray revive Sena's popularity?

Rediff.com4 Oct 2019

Despite belonging to a political dynasty of sorts, Aaditya Thackeray is the first in his family to contest an election.

How to check your savings account balance

How to check your savings account balance

Rediff.com10 Apr 2015

Going to the bank and using your passbook to find out your bank balance while still available and widely used, technological innovations have brought your bank at your fingertips.

Jaitley spells it out: No tax immunity on deposit of old notes

Jaitley spells it out: No tax immunity on deposit of old notes

Rediff.com9 Nov 2016

"If the money is legitimate which had been previously withdrawn from bank or earned legally and saved and had been disclosed, there is nothing to worry about," Jaitley said.

PNB scam: Senior Nirav Modi official Vipul Ambani arrested

PNB scam: Senior Nirav Modi official Vipul Ambani arrested

Rediff.com20 Feb 2018

The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.

BofA repays $45 bn US bailout money

BofA repays $45 bn US bailout money

Rediff.com10 Dec 2009

With this the federal exchequer has so far received a total of $116 billion of its bailout money.

No one in BJP worthy of becoming Delhi CM: Kejriwal

No one in BJP worthy of becoming Delhi CM: Kejriwal

Rediff.com6 Feb 2020

The AAP chief said the BJP had tried to polarise the assembly polls and that they hadn't cleared the Shaheen Bagh road because of the elections.

Pressure on liquor baron Mallya dials up, trademarks seized

Pressure on liquor baron Mallya dials up, trademarks seized

Rediff.com10 Mar 2016

The banks have asked the court to demand his return and to impound his passport.

How to revive the real estate sector

How to revive the real estate sector

Rediff.com22 Nov 2019

'The government has to stop trying to fix things for lenders, projects, homeowners and developers and think instead about how to fix the market for houses,' says Mihir S Sharma.