Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
When Bastian Obermayer and Frederik Obermaier shone a light on the Pandora's Box that became famous as the Panama Papers, even they didn't know how it would shake up the murky world of finance, indeed the world itself.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
Ordering more Akash systems is essential for the Indian defence industry.
'We began foolishly bragging about Saudi-Emirati investment plans as indicative of the sheikhs 'distancing' from Pakistan, including on Kashmir,' notes Ambassador M K Bhadrakumar.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
The court said a 'scam was created when there was none'.
The Coal India offering would follow a 5 percent stake sale in state-controlled Oil and Natural Gas Corp, worth $2.8 billion and slated for December.
The largest private sector lender is also looking to open a full-fledged branch in China, where it already has a representative office, managing director and CEO, Chanda Kochhar said during the bank's 19th annual general meeting in Vadodara.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
The Competition Commission of India (CCI) is to be congratulated for imposing a large fine, of nearly Rs 1,800 crore (Rs 18 billion), on Coal India Ltd for alleged abuse of its monopolistic position.
Prasad alleged there was pressure for extraneous considerations and 'bribe' for not finalising the Rafale deal during the UPA rule.
Naval warship INS Kochi, the stealth guided missile destroyers, has been commissioned by Defence Minister Manohar Parrikar at the Naval Dockyard in Mumbai.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
PSUs will get direct allotment.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
As per the law, political parties are to declare a list of their political donors. However, as per the latest report, political parties continue to enjoy donations without providing their names or addresses, reports Vicky Nanjappa
Alstom is accused of paying bribes to Indian public officials to secure Delhi metro contracts.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Navy chief Adm. Sunil Lanba said that by 2050, India will have 200 ships, 500 aircraft.
BAOA says the recent downgrade of India by the America's FAA was triggered primarily by a shortage of qualified staff for conducting safety and airworthiness inspections of aircraft.
India plans to further cut imports from Iran by 13 per cent next fiscal even though easing of US and western sanctions has made buying crude oil from the Persian Gulf nation easier.
'Make in India' could suffer the same fate as did privatisation and the command economy, says Ajit Balakrishnan.
Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
While some states like Kerala and Telangana were badly hit by the strike, the impact was partial in Punjab, Haryana and Maharashtra
Tamal Bandyopadhyay details HDFC Bank's digital journey.
'India has about 22,000 tonnes of private gold, held by individuals and temples.' 'Much of this is locked up in safes and vaults as a dead investment. If we can put the vast reserves of gold to use, it would boost the economy,' says V P Nandakumar, executive chairman, Manappuram Finance, India's first listed gold loan company.
There are unprecedented political implications of identification based on 'biological attributes of an individual', such as employed by Aadhaar, warns Gopal Krishna.
The Raksha Mantri was unable to address media queries about how much the Modi government was paying for 36 Rafales compared to what the UPA government had negotiated.
Many claim they fear witch hunts for disagreeing with those in power.
Jindal's house was raided by the CBI on Tuesday.
The committee said the move 'clearly undervalued the company and its long-term growth prospects'.
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