Banks can collapse, markets can be rigged, investment instruments can become worthless overnight, auditors can fail to blow the whistle, board directors can be asleep, and regulators can be incompetent, notes T N Ninan.
The birthday of Kim Jong-Un, the dictator of North Korea, was celebrated by airing a documentary on the country's "supreme leader" on state television.
All these persons have been kept in single room isolation in designated health care facilities by respective state governments.
HAL is also integrating the Advanced Short Range Air-to-Air Missile onto the Mark 1A. Each Tejas will carry two of these missiles.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
Dutt, along with about 200 'black cats' commandos, had boarded an IL-76 aircraft of the Aviation Research Centre (ARC) to fly the first batch of the counter-terrorist strike force to Mumbai soon after the western metropolis reported multiple shootouts and public killings in the night of November 26, 2008.
Stepping up efforts to ensure trouble-free transition of power in North Korea following the death of its close ally Kim Jong Il, China on Tuesday launched telephone diplomacy to highlight the need for maintaining peace and stability in the Stalinist state.
Till 2009, his name had never figured even in rumours as a possible successor to North Korea's Kim Jong-il. And today after his father's death the 28-year-old Kim Jong-Un has been dubbed as the 'great successor' leaving all of Asia and United States anxious.
Rediff.com takes a look at the dictatorial journey of the Kims 'The Great Leader' and 'Dear Leader', and what little is known about the 'great successor'.
The Bombay Stock Exchange has stepped in to check a sharp surge over the past few days in the shares of 12 companies, including domestic brokerage firm IL&FS Investsmart, and have restricted their movements within a range of 5 to 10 per cent.
Independent directors were supposed to safeguard the interest of all stakeholders.
Ajay Jayaram emerged as the lone survivor at the Korea Open after nothing up a convincing straight-game win over China's Huang Yuxiang to advance to the quarter-finals of men's singles of the Super Series event, in Seoul, on Thursday.
'The idea was to show the simultaneity and coexistence of life in the city.'
the Indian pilots will be trained to act correctly in case of abnormal landing of the manned spaceship descent module in various climate and geographic zones.
The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency.
'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.
The aircraft C-130J landed in new Delhi with 55 Indian evacuees at around 10.45 pm.
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).
Most of the NBFCs do not take public deposits but that does not mean they cannot create systemic risks. The banking system has at least Rs 57,000 crore exposure to IL&FS. Haven't the banks invested public money in IL&FS papers, asks Tamal Bandyopadhyay.
The fixture list is ready and the restart date is confirmed but the Italian football federation (FIGC) is still worried that the Serie A season might not finish due to rules for quarantining players infected with COVID-19. In most countries where football has restarted, such as Germany, the general rule is that when a player tests positive for coronavirus, he has to be quarantined but his team mates can continue training and playing provided they test negative. However, in Italy, where Serie A is due to resume on June 20, the government rule is that the entire squad must be quarantined for 14 days.
Jammu and Kashmir and Odisha on Tuesday recorded their first cases of the Omicron variant of COVID as the count of the new strain in 14 states and union territories crossed 200 even as the Centre said there is a need to 'activate' war rooms, take 'pro-active' action and consider night curfews.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
The old guard, once again, came good for Italy, this time steering the Azzurri to Euro 2020 glory, but wily defensive stalwarts Leonardo Bonucci and Giorgio Chiellini cannot go on forever.
The move comes at a time when IL&FS Energy has joined hands with SB Energy
North Korean leader Kim Jong-il's youngest son, Kim Jong-un, has been promoted as a military general, the clearest sign yet that he is in line to succeed his father as the country's leader.
Maytas Infra Ltd will again petition the Company Law Board to allow it to induct the Saudi Binladen Group (SBG) as its strategic partner, according to IL&FS and Maytas' chairman, Ravi Parthasarathy.
While the lender has Rs 17,000 crore of retail assets and land parcels in Juhu, Borivali, Worli, and Chembur in Mumbai, there may be a disconnect between the quality of DHFL's books and the value bidders ascribe to it.
Financial planners advise against putting capital to work by anticipating what might go up or down.
The challenges authorities face in cleaning Ganga and other holy rivers in Varanasi.
The cause of the crash was unclear and an investigation has been opened.
Ace shuttler Kidambi Srikanth's dream season just got better as the India made it to his third successive Super Series final beating Yuqi Shi 21-10 21-14 at the Australian Open, in Sydney on Saturday.
Companies such as Tata Sons and Bharti Telecom, which are unlisted but have listed subsidiaries, may soon have to file periodic financial statements with the registrar of companies under the new provision of the Companies Act. The provision requires greater financial disclosures by a certain category of unlisted companies.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
The move is seen as a gamechanger in guarding the strategically important Indian Ocean Region.
In October, the contribution through SIPs rose to Rs 79.85 billion, up 42% compared to the same month last year.
A look at Reuters Photojournalist of the Year Damir Sagolj's photographs.
We look at strong companies. We tell them to conserve liquidity and conserve cash so that they can survive this period of downturn and come out stronger, says Shahzaad Dalal.
With an aim of roping in a strategic partner for its Haryana SEZ project, corporate giant Reliance Industries is believed to be in talks with IL&FS and a couple of other players for part-sale of its stake.
Brazil made a strong statement with a 2-1 victory over Spain in their opening Group D clash on October 7, and they would now look to build on the winning momentum.
Bandhan Bank is expecting that a little less than 50 per cent of its portfolio will be dominated by affordable housing loans in the next three to five years.
