In the first arrest in the NSEL's Rs 5,600 crore (Rs 56 billion) payout scam, a top official of the beleaguered spot commodity bourse, which defaulted on its payment for the eighth time in a row yesterday, was held on Wednesday by Mumbai police's Economic Offence Wing (EOW).
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
During his four-day-long stay in India, Biden will hold meetings with top Indian leadership, including President Pranab Mukherjee and Prime Minister Manmohan Singh.
Inviting private sector in Indian Railways is a good idea.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
The NDA government is seeking removal of all political appointments.
'I reached Bhopal the day after the gas tragedy; the smell was still in the air. It was a professional hazard but I was not scared.'
Chinese companies who were actively pursuing business opportunities in India have adopted a wait and watch approach following the Chinese government clampdown.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
He said farmers need to get good remunerative price for their produce.
Inflation and asset prices have eroded the value of money.
New listing on the BSE will create more jobs, say experts.
India has reached a significant milestone on Friday (November 28) by achieving Rs 100 lakh crore or 100 trillion market cap.
Demerging print and TV news businesses will allow for separate investment by interested players.
The Essel Group on Monday rebutted news reports that it is setting up parallel cricket boards across different countries in collaboration with Ten Sports Network but said it is now geared up to enter the sports business at a global level, focusing on cricket.
A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.
'The Indian state is very benevolent when it comes to corporates,' says Tom Thomas, chief executive officer of Praxis, and convenor of CRW India.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
'It could tempt investors to pick stocks that are not fundamentally sound.'
A look into the challenges of selling loss-making public units.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
The agency's latest action, under Prevention of Money Laundering laws, had been taken against the borrower company and its two group companies, which owe the investors Rs 922 crore (Rs 9.22 billion), sources said.
Once a stock market darling, the jewellery chain heads for liquidation.
Keep at least one family member in the know of all your investments
Decorated lights decked up buildings and earthen lamps dotted houses as people across the country celebrated Diwali.
Be a disciplined investor for attractive returns, says fund managers.
Delhi, Uttarakhand and Maharashtra on Monday confirmed bird flu cases, adding to the list of seven states -- Kerala, Rajasthan, Madhya Pradesh, Himachal Pradesh, Haryana, Gujarat and Uttar Pradesh -- which had already reported avian deaths due to the disease.
Fairfax Financial Holdings made three investments in a month
Analysts say markets to be impacted by monsoon, inflation trajectory.
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
'People are getting admitted to hospital two to three days before their death in a very serious respiratory compromise state and they are passing away within 48 hours.' 'Those who are coming early in the disease, the minute they are suspicious that they have COVID-19, the recovery rate has been much, much, higher.' 'The moral of the story is: We must destigmatise COVID-19.' 'People should be told: 'Look, if you have anything like this, please come immediately'.'
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
Raghavendra Kamath reports on what ails India's real estate sector.
Joe Biden will embark on his maiden visit to India as United States Vice President on July 22 to discuss key bilateral issues, including trade, energy and defence, to make Indo-US ties the most important strategic partnership of the 21st century.
Manish Sabharwal tackles 5 criticisms of demonetisation.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances