News for 'Office of Foreign Assets Control'

I-T dept seizes Nirav Modi's vast art collection

I-T dept seizes Nirav Modi's vast art collection

Rediff.com25 Feb 2018

Among the seizures were Indian masters such as FN Souza, VS Gaitonde, SH Raza, Amrita Sher-Gil and Akbar Padamsee, sculptures from Italy and the US, Chinese artwork and masterpieces by Xu Lei and Zeng Xiaojun.

Why Delhi is concerned about the Taliban

Why Delhi is concerned about the Taliban

Rediff.com7 Aug 2021

India is apprehensive about the Taliban's return as it would mean loss of access to Baluch rebels and help to the restive tribals of Waziristan. This would be a setback to the Indian strategy of returning the compliments of death by a thousand cuts to Pakistan, notes Colonel Anil A Athale (retd).

Lakshmi Vilas Bank had dug its own grave

Lakshmi Vilas Bank had dug its own grave

Rediff.com4 Dec 2020

Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.

The Strange Death Of India's Pen King

The Strange Death Of India's Pen King

Rediff.com2 Feb 2022

If there is a morality tale here, it is that debt and death spare no king.

Will Harley-Davidson be back on Indian roads?

Will Harley-Davidson be back on Indian roads?

Rediff.com11 Dec 2020

For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.

Has the Rocketing Rupee reached its Zenith?

Has the Rocketing Rupee reached its Zenith?

Rediff.com9 Jun 2021

It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai.

'India's greatest threat in Afghanistan is China'

'India's greatest threat in Afghanistan is China'

Rediff.com9 Sep 2021

'Imagine China pursuing its aims in Jammu and Kashmir by using Pakistani and now Afghan proxies.'

Taliban Govt: ISI Has The Last Laugh

Taliban Govt: ISI Has The Last Laugh

Rediff.com8 Sep 2021

ISI chief Faiz Hameed coerced the Taliban to announce an interim government guaranteed to preserve Pakistan's control over the levers of power in Kabul, observes Ambassador M K Bhadrakumar.

Ford, Mahindra to scrap proposed JV

Ford, Mahindra to scrap proposed JV

Rediff.com1 Jan 2021

US auto major Ford Motor Co on Friday said it and India's Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the December 31, 2020 'longstop' or expiration date of a definitive agreement the organisations entered into in October 2019, Ford Motor Company said in a statement.

Sebi takes fresh look at Jet-Etihad deal

Sebi takes fresh look at Jet-Etihad deal

Rediff.com21 Jan 2014

Etihad's acquisition of 24 per cent stake in Jet Airways was the first FDI in an Indian carrier by a foreign airline.

Modi wants to create a new normal

Modi wants to create a new normal

Rediff.com25 Oct 2017

'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.

More skeletons stumble out of Il&FS closet

More skeletons stumble out of Il&FS closet

Rediff.com7 Jun 2019

What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.

One month of lockdown: Small-caps outperform Sensex, mid-caps

One month of lockdown: Small-caps outperform Sensex, mid-caps

Rediff.com24 Apr 2020

The S&P BSE Small-cap index has recovered 26 per cent as compared to a 23 per cent rise in the S&P BSE Sensex.

Why Subramanian Swamy is wrong in criticising RBI Governor Raghuram Rajan

Why Subramanian Swamy is wrong in criticising RBI Governor Raghuram Rajan

Rediff.com14 May 2016

Because of Rajan's policies, the banking system has mustered enough courage to disclose their toxic assets

Subbarao refuses to give timeframe for liquidity curb rollback

Subbarao refuses to give timeframe for liquidity curb rollback

Rediff.com1 Aug 2013

In order to contain Current Account Deficit and arrest value of declining rupee, the RBI last month had raised the cost of borrowing for banks and reduced availability of funds to curb speculation in the forex market.

For AirAsia's Tony Fernandes, Indian sky is out of bounds

For AirAsia's Tony Fernandes, Indian sky is out of bounds

Rediff.com25 Jul 2020

With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.

Pakistan's devotion to LeT's Saeed runs deep

Pakistan's devotion to LeT's Saeed runs deep

Rediff.com13 Jan 2021

The perpetrators of the 2008 Mumbai attack, who shot dead 166 people, had confessed to details that should have been enough to hang him, but Pakistan enjoyed his anti-India rhetoric and let him spread his tentacles. A revealing excerpt from Khaled Ahmed's Pakistan's Terror Conundrum.

When Pranab clashed with Manmohan, twice

When Pranab clashed with Manmohan, twice

Rediff.com8 Sep 2020

Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.

Ceasefire violations, child abuse cases... What Parliament discussed on Friday

Ceasefire violations, child abuse cases... What Parliament discussed on Friday

Rediff.com18 Nov 2016

Before Lok Sabha and Rajya Sabha was proceedings were disrupted by a relentless Opposition over the demonetisation issue, other topics such as compensation for military personnel, counterfeit notes were spoken of. Here's what happened in Parliament.

How Nehru could have saved Tibet from China

How Nehru could have saved Tibet from China

Rediff.com29 Sep 2020

Arpi deserves to be complimented for the commitment and hard work that have gone into this production. The frustrations of seeking reliable documentation from the catacombs of the Indian bureaucracy did not deter him from going after the best information available, and the result is one that he can take much satisfaction in. Ambassador Prabhat P Shukla, Member Advisory Council, Vivekananda International Foundation, reviews Claude Arpi's The End of an Era: India Exits Tibet.

Should you invest in stocks now? Or remain cautious

Should you invest in stocks now? Or remain cautious

Rediff.com17 Aug 2013

Investors should take this opportunity to look at asset allocation and realign their portfolio.

6 suggestions for Nirmala Sitharaman, India's new FM

6 suggestions for Nirmala Sitharaman, India's new FM

Rediff.com3 Jun 2019

Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.

Pak bans JuD, FIF; arrests JeM chief Masood Azhar's brother

Pak bans JuD, FIF; arrests JeM chief Masood Azhar's brother

Rediff.com5 Mar 2019

According to Pakistan's National Counter Terrorism Authority (NACTA) list, which was updated on Tuesday, JuD and FIF were among 70 organisations proscribed by the ministry of Interior under the Anti-Terrorism Act 1997.

The many challenges facing Sandeep Bakhshi, ICICI Bank's new COO

The many challenges facing Sandeep Bakhshi, ICICI Bank's new COO

Rediff.com19 Jun 2018

In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy

Why Deutsche Bank's little jewel in India was spared the axe

Why Deutsche Bank's little jewel in India was spared the axe

Rediff.com6 Nov 2015

Deutsche Bank in India has managed to avoid the bad-loan problems plaguing its rivals such as Standard Chartered Plc.

'What we do is determined by national interest'

'What we do is determined by national interest'

Rediff.com24 May 2017

If people can lobby me for making changes in policies that goes against the country's interest, I won't keep myself in this position, says the vice chairman of NITI Aayog.

Outlawed JuD defies Pak govt by launching ambulance service

Outlawed JuD defies Pak govt by launching ambulance service

Rediff.com27 Jan 2015

Unfazed by sanctions imposed by the government, Mumbai 2008 attacks mastermind Hafeez Saeed-led militant outfit Jamaat-ud-Dawah has launched an ambulance service in Karachi in southern port city of Pakistan.

India at a lesser risk from aggressive Fed raise: Tushar Pradhan

India at a lesser risk from aggressive Fed raise: Tushar Pradhan

Rediff.com30 Dec 2015

'India's sizeable forex reserves should help stem a possible fall in our currency.'

Pak seals JuD HQ; detains over 120 suspected terrorists

Pak seals JuD HQ; detains over 120 suspected terrorists

Rediff.com7 Mar 2019

At least 56 seminaries and facilities being run by JuD and its wing FIF in Pakistan's southern Sindh province have been taken over by authorities.

'Now is the true test of the SIP cycle'

'Now is the true test of the SIP cycle'

Rediff.com15 Jan 2019

'This is the first time we will see how SIP investors react to market correction.'

Saradha ponzi scam: ED seizes Rs 140-cr property

Saradha ponzi scam: ED seizes Rs 140-cr property

Rediff.com8 Apr 2014

The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.

GoAir readies ambitious plans to boost growth

GoAir readies ambitious plans to boost growth

Rediff.com16 Jul 2018

The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.

UK expels 23 Russian diplomats; suspends high-level contacts with Moscow

UK expels 23 Russian diplomats; suspends high-level contacts with Moscow

Rediff.com14 Mar 2018

Former Russian spy Sergei Skripal, 66, and his daughter Yulia, 33, were found collapsed after being poisoned last week. Both remain in a serious condition along with a police officer who came in contact with the same substance.

Government to take 'harsh punitive' action against shell cos

Government to take 'harsh punitive' action against shell cos

Rediff.com10 Feb 2017

In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.

L'affaire Mallya: More banks get ED call for financial details

L'affaire Mallya: More banks get ED call for financial details

Rediff.com15 May 2016

The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

Rediff.com14 Feb 2018

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.

Battered banks staring at uncertain future

Battered banks staring at uncertain future

Rediff.com22 Jun 2020

Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.

Visionary Budget but devil lies in the implementation

Visionary Budget but devil lies in the implementation

Rediff.com2 Mar 2015

The government has provided a long-term vision.

China finds 40 problems in its troops' training

China finds 40 problems in its troops' training

Rediff.com12 Oct 2014

Chinese military has identified a host of problems after conducting massive military exercises for the first time to sharpen the troops' fighting capability which if not rectified will hinder its ability to win wars.

Pak targets Lashkar, Jaish with 'intelligence-based ops'

Pak targets Lashkar, Jaish with 'intelligence-based ops'

Rediff.com23 Feb 2017

Operation Radd-ul-Fasaad launched to fight terrorism across country.