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The A to Z of 2020

Wow -- 2020, huh? From the deadly coronavirus to lockdowns, wildfires to the Black Lives Matter movement, to the Bihar and US elections, it's been a year we won't forget. It's hard to believe it......

FIR against Niira Radia, 4 others for embezzling Rs 300 cr of bank loan

The economic offence wing of Delhi police has registered an FIR against Nayati Healthcare's Niira Radia and four others for alleged embezzlement of over Rs 300 crore of bank loan, following a......

ED attaches Rs 203-cr Dubai assets of Iqbal Mirchi's family

The Enforcement Directorate on Tuesday said it has attached Dubai-based assets worth over Rs 203 crore of late gangster Iqbal Mirchi's family in connection with a money laundering case.   The......

Maharashtra extends lockdown till April 30: CM

With continuous spike in COVID-19 cases, the Maharashtra government on Saturday decided to extend the ongoing lockdown period till April 30, hours after Chief Minister Uddhav Thackeray attended a......

IPS officer sent on leave over Wadhawans' travel

Maharashtra government on Friday sent a senior IPS officer on compulsory leave for allowing DHFL promoters Kapil and Dheeraj Wadhawan to travel despite the ongoing lockdown, Home Minister Anil......

Banks, end KYC-account freeze nonsense

While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals......

Close-ended equity funds disappoint investors

10 out of 17 close-ended schemes have seen one-year returns between 34 and 40%, while Sensex Total Return Index rallied 46%. Illustration: Uttam Ghosh/Rediff.com Close-ended equity funds, launched......

Piramal group gets RBI nod for DHFL acquisition

Piramal Group on Thursday said the Reserve Bank is understood to have cleared the resolution plan for debt-ridden DHFL as approved by the Committee of Creditors (CoC). Illustration: Uttam......

Omkar realty group's chairman, MD arrested in money-laundering case

The Enforcement Directorate has arrested the chairman and the managing director (MD) of Mumbai-based Omkar Realtors and Developers in connection with a money laundering case against them linked to......

How Piramal managed to outbid Oaktree, Adani for DHFL

When the third round of bids was opened, Oaktree’s offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with......

Why medals in badminton will be tougher in Tokyo Olympics

IMAGE: PV Sindhu in action. Photograph: BAI/Twitter India's ace shuttler Saina Nehwal says the badminton competition at next year's Olympics will be tougher than the last three Games and she is......
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Banks, end KYC-account freeze nonsense

While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open... ...

http://www.rediff.com/money/column/debashis-basu-banks-end-account-freeze-kyc-nonsense/20210507.htm
Sebi issues guidelines on assigning provisional credit ratings to debt instruments

“No CRA shall assign any provisional rating to a debt instrument upon the expiry of 180 days from the date of its issuance,” Sebi said. Mumbai:... ...

https://economictimes.indiatimes.com/markets/stocks/news/sebi-issues-guidelines-on-assigning-provisional-credit-ratings-to-debt-instruments/articleshow/82278912.cms
Doctor cheats wife living separately since 2006, arrested from Vaishali in Uttar Pradesh

Economic Offence Wing Delhi Police arrested Dr Sudhakar Arya for cheating his wife, who was living separately from him since 2006. Dr Sudhakar took... ...

https://zeenews.india.com/india/doctor-cheats-wife-living-separately-since-2006-arrested-from-vaishali-in-uttar-pradesh-2354399.html
‘Corporate bond funds may be a better bet for debt fund investors’

Debt mutual funds were just recovering from several self-inflicted wounds including investments in ILFS and DHFL, when SEBI launched its broadside... ...

https://economictimes.indiatimes.com/wealth/invest/corporate-bond-funds-may-be-a-better-bet-for-debt-fund-investors/articleshow/81824250.cms
Piramal may sell developer loans of DHFL after deal

The fair value of the builder loans could be about one-fifth of the total size, according to the quarterly financial statements on the DHFL... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/piramal-may-sell-dhfl-developer-loans-after-deal/articleshow/81751010.cms

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