"I did not resign. Moments ago I was fired. Being the US Attorney in SDNY will forever be the greatest honour of my professional life," Bharara tweeted from his personal verified Twitter account, making a reference to his jurisdiction the Southern District of New York.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
'By the time he came out after nearly five hours, he had a one-to-one conversation with the President, a delegation-level meeting, a reception, a dinner, a tour of the White House and a joint statement of a kind none of his predecessors ever had,' says Ambassador T P Sreenivasan.
Affaq Husain and his wife Saira built a Rs 100 crore empire preying on the most vulnerable people in society.
India has some ability to influence what the world order will look like, but it needs to make structural changes to the ministries of external affairs and commerce, and evolve formal coordination mechanisms with the ministries of finance and home, says Nitin Pai
The Vasundhara Raje government's initiatives mark a critical step forward in labour law reforms.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
Some experts, however, see a silver lining in the fall and said the volatility has come down sharply and that bodes well for the Indian currency
The India card is now almost obsolete. There are more pressing challenges. People of Pakistan are fed up with years of bad governance, corruption and broken promises of successive governments. However, the politicians and former generals are still provoking sentiments on what is happening on the Line of Control for petty political gains, says Shahzad Raza.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
'To expect that he has a magic wand to resolve all differences and announce breakthroughs in all issues during his first visit to the US is to be unrealistic,' says Ambassador T P Sreenivasan.
'By his very presence in Delhi on Republic Day, Obama is revisiting the most defining relationship of the 20th century after a period of stagnation,' says Ambassador T P Sreenivasan.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
Here's a closer look at the showcause notices issued to Lalit Modi
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
Nasheed, whose Maldivian Democratic Party functions from Colombo, appealed for India's help.
'Secretiveness and the element of surprise in announcing decisions marks the Modi style of diplomacy. From being a voluble politician, he became a reticent statesman... But the diplomatic dance is performed on thin ice and his adroitness is still to be proved,' says Ambassador T P Sreenivasan.
In an interaction with rediff.com, various TiE members expressed hopes of revival in the Indian economy after the formation of the new government.
The external affairs minister said PM Modi had discussed with his Pakistani counterpart of re-engaging with each other."
Irrational behaviour, born out of incomplete understanding, biases, overconfidence, fear or greed, has led investors to make less than half of what they could have in the capital markets, says Erik Hon.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
Even a doomsayer like Nouriel Roubini says India is in a sweet spot. If only we'd live up to the promise, says Shekhar Gupta.
'The irresistible Cuban cigars, which acquire their unique flavour as they are rolled on the thighs of Cuban women, have always been the ultimate temptation for cigar connoisseurs in the US.'
Experts say the BSE Sensex could rise to around 32,000 in a year.
'Delhi was not concerned.' 'It would continue sleeping for several more years, with the result that Indian territory is still occupied by China today,' says Claude Arpi.
Summary of sports events and persons who made news on Friday
The Vibrant Gujarat is a biennial event organised since 2003 by the Gujarat government to attract investment to the state.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
S&P is the only of the three major credit agencies with a 'negative' outlook on India.
'In a relationship that does not permit cricket, how can the prime ministers embrace and send a false message,' asks Ambassador T P Sreenivasan.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Even as foreign investors land in Delhi to attend the first major food processing trade fair, Delhiites queue up to satisfy their tastebuds
The readouts by the Indian and Chinese sides on the meeting on Monday between External Affairs Minister Sushma Swaraj and her Chinese counterpart Wang Yi in Moscow bring out that divergences are crowding into the centrestage of their relationship, says Ambassador M K Bhadrakumar.
There is as yet no clarity on how the process of consulting with the RBI Governor, initiated under Section 7 of the RBI Act, would unfold in the coming days. The government is keen that its suggestions made in the public interest should be heeded by the central bank, says A K Bhattacharya.
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