The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
Yusuf Pathan's 39-ball 80 was in vain as Mukesh Sharma and Rahul Dewan shared nine wickets to help North Zone beat West by 49 runs and win the Deodhar Trophy cricket tournament at the Moti Bagh stadium in Vadodara on Tuesday.
Looking at Salman's party pictures.
The strident support from the hotels comes at a time when the industry is itself caught off guard with a sharp dip in both in-bound traffic from foreign markets, reduced domestic traction as well as a total shut-down of MICE business that has led the country top players by market cap to lose over half their value in just a little over a month.
Anita Dewan, vice president of marketing at Bharti AXA Life Insurance on handling gender discrimination and achieving success against odds.
Who all attended Arpita Khan Sharma's Diwali bash?
From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real,says Shailesh Dobhal.
As liquidity eases and inflation turns negative, Dewan Housing Finance Corporation on Friday said it expects home loan rates to come down by 25-50 basis points in the near-term.
The indefinite shutdown in Darjeeling hills will be suspended from Wednesday morning.
According to the Icra report, earnings before interest, tax, depreciation and amortisation margin of its sample declined by 44 basis points on a YoY basis and 23 basis points on a quarter-on-quarter basis to 16.6 per cent.
The stakeholders want protection from any litigation which might arise due to fresh claims against the company, especially after PE funds have bought stake in the company and the resolution plan has been cleared by the bankers.
The government has suspended the licence of Dewan Consultants and Mansur & Co, Mumbai and blacklisted the foreign employer -- Global Resources -- in connection with the 'sub-human conditions' of more than 100 Indian workers in Mississippi, the Lok Sabha was informed on Wednesday.
Spiritual head of Ajmer Dargah, Zainul Abedin Ali Khan on Saturday requested political and non-political groups in the country to avoid holding public Roza iftar parties in view of the recent Uttarakhand tragedy.
The over 1.6 million employees of central public sector companies are demanding a salary increase of over 100 per cent, saying the average 40 per cent raise recommended by the Sixth Pay Commission for government employees is not enough. Salaries of public sector workers were last revised in 1997 and were scheduled for the next revision on January 1, 2007. The average gross monthly salary an ONGC executive earns today is between Rs 40,000 and Rs 50,000.
Check out the star arrivals.
Dewan Housing bid below advisor's valuation; high exposure posing problems.
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.
The ED, which is probing the DHFL promoters' role in financing funds to gangster Iqbal Memon (alias Iqbal Mirchi), said Kapil Wadhawan, former chairman and managing director of the debt-laden company, played a very crucial role in these "nefarious transactions" by way of money laundering.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
As Royal Enfield beats Harley Davidson in sales, we are inviting you, our dear readers to share your Enfield story!
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
The company has plans to open offices in the US, Singapore and other parts of West Asia such, such as Oman and Qatar in the next couple of years. "The NRI community is totally underserved. We want to tap the vast business potential arising from 2.5 crore (Rs 25 million) NRIs working abroad,'' said Kapil Wadhawan, vice chairman and managing director, DHFL.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The top posts on social media from your favourite Bollywood celebrities.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
"Have been told that medical board's advice in late Sunanda's case has been received," Delhi police Commissioner BS Bassi said in a tweet.
Stars who rocked the red carpet.
Ankit, son of an employee at the Sanjay Gandhi Post Graduate Institute of Medical Science, had allegedly been kidnapped from the Eldeco Udyan colony on Friday evening.
Indian Davis Cupper Karan Rastogi has bagged a sponsorship deal with that will cover his expenses for the year.
In the melee, a couple of turbans also came off, only a couple of yards where the Guru Granth Sahib was placed.
Go for a fixed rate," your banker is likely to insist if you enquire about a home loan. But floating is what makes sense at present
We aren't saying it will happen, but a sequel to Kuch Kuch Hota Hai would be interesting, na?
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
Dewan Nabi, was given a suspended one-month jail sentence for indecently assaulting a teenage cleaner at the Commonwealth Games village.
Dewan Asgar Nabi, charged with 'indecent assault' on a girl in Melbourne, will appear before the court again on Friday.
Dewan Housing launches reverse mortgage for senior citizens.
