Affaq Husain and his wife Saira built a Rs 100 crore empire preying on the most vulnerable people in society.
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.
'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.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
'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.
We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.
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.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
Here's a closer look at the showcause notices issued to Lalit Modi
'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.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
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.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
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."
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
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.
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.
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
'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.'
Nasheed, whose Maldivian Democratic Party functions from Colombo, appealed for India's help.
Experts say the BSE Sensex could rise to around 32,000 in a year.
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.
The Vibrant Gujarat is a biennial event organised since 2003 by the Gujarat government to attract investment to the state.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
'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.
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.
S&P is the only of the three major credit agencies with a 'negative' outlook on India.
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.
'In a relationship that does not permit cricket, how can the prime ministers embrace and send a false message,' asks Ambassador T P Sreenivasan.
Summary of sports events and persons who made news on Friday
Even as foreign investors land in Delhi to attend the first major food processing trade fair, Delhiites queue up to satisfy their tastebuds
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.
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.
A high-ranking US Navy official has been charged with accepting prostitutes, luxury travel and USD 100,000 in cash from a foreign defence contractor in exchange for classified and internal navy information.
Investors from across the globe are keen to invest in Gujarat.
With outlook uncertain for a range of sectors, no one is quite sure of where to invest in stocks
'Let us hope that with Nandan, like Cincinnatus back on his farm, taking over the reins, Infosys will not only regain its vigour and momentum, but vastly improve upon its achievements as a global player,' says B S Raghavan, the distinguished civil servant.
FY16 saw the highest number of new product launches in a year from Maruti
