Rajat Gupta, 70, the first Indian managing director of McKinsey and who of 17 months in US prison for insider trading, gets ready to tell his side of the story. And he is less than complimentary about Preet Bharara, then the famous crusading US attorney for the Southern District of New York. "The jury, the press and the public saw only... a 'cropped picture', he says. For someone whose life story was a model of the Great American Dream - an Indian of modest means who rose to the highest circles of politics and business, mingling with the White House and Davos crowd - his indictment in 2012 marked a stunning fall from grace. Many ascribed it to the hubris of the rich and powerful, says Kanika Datta.
Dabhol's assets will be demerged into the power plant and the LNG terminal.
The Economic Survey was tabled in the Parliament on Friday.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
Chief Economic Advisor Arvind Subramanian's interview.
With a sole mandate of inflation targeting, RBI wears many hats.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
Will RBI chief have the final say, in the form of a veto
The West has built a culture of art philanthropy.
Street art has emerged from its rebellious underground existence to a growing art genre in its own right. Ritika Bhatia maps the Indian leg of the movement.
From banking to teaching, the list covers all.
All these measures will revitalise the manufacturing sector, which has been in doldrums.
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
How the 4 ministries have performed
This will be an area where bilateral or regional trade pacts may not be able to perform well.
Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase
The committee also handed out a 90-day suspension to FIFA Secretary-General Jerome Valcke, who had already been put on leave by the football body, and banned former FIFA Vice-President Chung Mong-joon for six years and fined him 100,000 Swiss francs (67,021).
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
Award-winning lawyer, Claire Montgomery, the Queen's Counsel, is likely to fight the Indian government's attempt to extradite him to India.
The United Kingdom has voted by 51.9 per cent to 48.1 per cent to leave the European Union after 43 years in an historic referendum.
'The middle class is already alienated.' 'If the stockmarket is destabilised, the BJP is finished; the party will lose in every town.' 'And if the stockmarket crash happens now, the BJP will not cross the 150 mark in 2019.'
De-scaling of businesses, job losses and subsequent impact on disposable incomes has created negative sentiment among traders, business owners and workers alike, says Abhishek Waghmare.
Under a 2010 nuclear liability law, nuclear equipment suppliers are liable for damages from an accident, which companies say is a sharp deviation from international norms
Confronting a slowdown in growth, China says it will only increase its defence budget by 7.6% this year, against the anticipated rise of between 20% and 30%. 'It is difficult to explain the reduction in the Chinese defence budget,' says Claude Arpi. 'Is there a hidden budget? Possibly!'
Force India boss Vijay Mallya says his partnership with the Formula 1 team's co-owner Subrata Roy stands strong despite the Sahara Group chief being in jail since March 2014.
Recent IMF forecast said China's growth is expected to slow down.
The estimates of national income and growth do not pass the 'smell test'.
The recent agreement between the RBI and the Centre marks a significant step forward toward financial inclusion.
The industry players couldn't hide their disappointment.
The government had pegged food subsidy at Rs 90,000 crore (Rs 900 billion) in the 2013-14 Union Budget.
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Swamped by Korean films dubbed in Mizo language, the film industry in Mizoram hopes that whichever party comes to power after polls should allocate more funds for its development.
A summary of sports events and sports persons, who made news on Tuesday.
Indian economy about to take-off
This Budget signals a shift from a hand-out to a hand-up economy.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
The government has provided a long-term vision.
This is the first time that a Muslim lady has filed a nomination in a Presidential election.
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