A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
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.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
A look into the state of Dalit entrepreneurship in the country.
'Pakistan has stolen from the Indian diplomatic toolbox a potent rope trick -- bypassing the ruling elite in Delhi (and the Indian establishment) to reach out to Indian Sikhs directly and fostering people-to-people contacts,' points out Ambassador M K Bhadrakumar.
James Comey called for a national moment of reflection, in which everybody, regardless of partisan views, to evaluate the President and to consider whether he presents a threat to America itself.
"Our government does not delay decisions. We neither nurse problems nor keep them pending," Modi said.
'During his stint as MoS in the Narasimha Rao PMO, Matang Sinh developed contacts in the bureaucracy which stood him in good stead even when out of power.'
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.
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
Because from June 1, 2015, you will have to fork out 14 per cent service tax instead of 12.36 per cent
'The autonomy of essential institutions is clearly under question as the Modi government seeks to influence them politically.' 'The credibility of institutions such as the EC, the CBI, the CVC, the UPSC, the RBI, media, and universities, has been compromised,' notes Zoya Hasan, the distinguished political thinker.
Of all the tremors to rock the start-up world of late -- Snapdeal's layoffs, Stayzilla's shutting down, Flipkart's frequent devaluations -- nothing will match the rumble at ShopClues for poignancy.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.
The Sheikh Hasina-Narendra Modi summit put India-Bangladesh ties on a firmer pitch. Brigadier S K Chatterji (retd) takes stock.
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
Satyam's employees had to undergo mental trauma, job uncertainty and financial problems, after many were forced to leave.
When they returned to Chennai from the US, their plan was to set up a successful business. Which they did. Then, something tugged at their heartstrings.
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
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
Complicated social phenomena behind it, says Ajit Balakrishnan.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
'In a typical Telugu film, the sub plot would be the love story. That is not there in my film. The focus is on the job. There is no heroism. The main character is a normal cop.' Terror director Satish Kasetty talks about the film.
The apex court, which stayed the Madras high court order putting on hold the look out circular issued by the Centre against Karti, repeatedly sought to know when he would make his appearance for questioning before the Central Bureau of Investigation.
Managing your own money is empowering. And if you haven't started yet, now is the perfect time!
The Jamaat-ud-Dawa not only collected funds for charity and diverted it to the Lashkar-e-Tayiba, but also helped the outfit legitimise money collected through extortion, counterfeiting, smuggling and animal skin trade. Vicky Nanjappa/Rediff.com reports
Equity investments are fruitful over the very long 20-year term.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
'I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,' says S Muraleedharan, former managing director, BNP Paribas.
At Rs 18,400 per share, value up 100 times since Lehman crisis
Eleven companies, which owe the bank Rs 843 crore, are untraceable.
All this is happening at a time when aluminium prices in the world market are firming up.
'When these fugitives flee to Karachi they don't have much to do, but tweedle their thumbs.' 'I have seen a number of criminals coming back to India because they realise they can meet more people over here.' 'After the 1993 blasts, Latif was not mentioned in the chargesheet.' 'He probably felt he could safely return to India.'
'I came to know that there was a big racket going on in the selling of onions. Private players were hoarding onions and these things cannot happen unless they have political patronage.'
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
At 47 protests a day, the state has become the most restive in the country and investors are becoming increasingly wary
His compensation in FY17 was more than the combined salaries of the entire boards of TCS, Wipro and Infosys. 'I am a self-made man from a very modest background,' Tech Mahindra's CEO C P Gurnani tells Shyamal Majumdar.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
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