Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
Businessman P C Mustafa wants Indian Americans to return home, Cognizant CEO Francisco D'Souza outlines how Indian tech companies could grow, Gaurav Dalmia has some investment recommendations while Subramanian Swamy warns that India is flirting with a debt trap.
Loss-making Nokia gains full control of the profitable venture Nokia Siemens Networks for $2.2 billion, a cheaper than-expected price, analysts said, although they also noted the acquisition would put pressure on Nokia's balance sheet.
The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.
With a decelerating economy that weakens India's hands on geopolitical issues, it will be interesting to know which way this trip will go.
USL is already contesting a Karnataka High Court order.
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
HCL Technologies and Infosys should benefit more than TCS and Wipro
By castigating the reforms themselves because of the remediable and reversible defaults here and there in carrying them out, Yashwant Sinha is throwing out the baby along with the bath water, says B S Raghavan.
ICICI Bank has quashed rumours of favouritism, nepotism and quid pro quo. The bank clarified that while Chanda Kochhar was on the credit committee, she was not the chairperson. Videocon Chairman Venugopal Dhoot said there was no impropriety in the deal.
'It has taken bombings in Beirut, bombing of a Russian airliner and now terror attacks in Paris for people to realise that we are not going to achieve our objectives of destroying ISIS if we drive in second gear. We need to get into top gear.'
"We will work out the parameters then we will see as to how mentioning will be done," he said.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
'If a gaming regulator is able to save even a single player's life or is able to just enforce the existing laws of the land, it works,' says cyber policy expert Prashant Mali.
India has been ranked at 142 among 189 countries in the latest World Bank's "Ease of Doing Business" report, a drop by two places from the last year's ranking.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
According to sources familiar with the development, Sebi has decided to make references to the Ministry of Corporate Affairs and the Department of Revenue, citing violations of the Acts these bodies govern.
When President Obama lands in New Delhi later this week, this spirit of accommodation must reignite a strategic economic relationship between the two countries.
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
Launches of new homes reduced drastically this year.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
Sebi will join RBI and the government in their fight against bad loans.
But the Robert Vadra firm, which held luxury apartments in top DLF projects, sees income and profits dry up since FY11.
'During the transition process, we have some control over the withdrawals.' 'In terms of your wealth, the money in your deposit account is where it is.'
The Enforcement Directorate has managed to sniff out over Rs 9,000 crore as suspected haul from money laundering in a decade, but it has yet to link those against anyone successfully in a court.
Reddy has worked to reform the economy.
Prior to 2011, the company was in dire straits. But recent financial results show its fortunes are on the mend.
The apex court's five-judge Constitution bench headed by Chief Justice Dipak Misra said Aadhaar is meant to help benefits reach the marginalised sections of the society and takes into account the dignity of people not only from personal but also from community point of view.
Despite the monsoon session of Parliament being a near washout so far, the government hopes to resolve the impasse at an all-party meeting on Monday to pave the way for discussion on issues raised by the Opposition, Parliamentary Affairs Minister Venkaiah Naidu said.
Meet Sam Zell or the 'Grave Dancer' who made billions using his business acumen.
Hence, the claims by the Government that this will end the menace of black money and corruption are simply outlandish. Also, the simultaneous introduction of Rs 2,000 note undermines their claim and it simply does not fit the storyline of an attack on black money and corruption.
'Clearly, from the Indian viewpoint, the US retrenchment from Asia cannot be happening as good news.' 'The abandonment of the US' pivot to Asia exposes the US-Indian partnership to be a mere transactional relationship,' says Ambassador M K Bhadrakumar
In an SEC filing dating back to 1997, he figures as "J Vallabh".
.jpg)
It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
'You may show at the end of December how much money has come into the system, but none would be the wiser because most of see only what we want to see and believe.' 'Some of us will see through it and you will make your proxies call us enemies of the State.' 'I was somewhat with you till here. But we diverge from here on until you can do something which will veer through my cynicism brought about by your policy,' says Harsh N Gokhale.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
We dance on every small achievement and forget the long-term objectives: Ajit Gulabchand, MD, Hindustan Construction Company.
A glance back at some of the important ups and down Indian Inc faced in 2018.
India Inc did not perform well during December quarter.
'Can we forgive the pathologist who wrongly labelled a healthy person as a diabetic patient for receiving the favour of the referring physician and possibly for a few thousand rupees?' 'The delinquent homeopath who caused a cataract in a child by giving terribly wrong drug must go to jail.' 'How can we permit a gynaecologist to practice her/his specialty if s/he tinkers with the faith of the patient in an abhorrent way?' 'Paying money does not guarantee good healthcare. The private healthcare system largely treats patients as revenue generators,' crusading doctor Dr Arun Gadre tells Dr K S Parthasarathy.
