ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
Former FIFA executive committee member Chuck Blazer was banned for life from all football activities on Thursday by the sport's governing body, which is engulfed in a scandal over alleged corruption.
There are concerns in the industry around budget cuts by clients and layoffs, as enterprises grapple with reduced earnings amid lockdowns across various parts of the globe.
In a relief to former Maharashtra chief minister Shivajirao Patil-Nilangekar, the Central Bureau of Investigation on Thursday gave him a clean chit in the Adarsh Housing Society scam.
A defence ministry official, who was accused of taking Rs 10,000 as bribe to favour a fictitious private firm in a defence deal sting, has been acquitted by a Delhi court which said no criminal liability can be imputed to him.
News of all that's transpired on and off the football field
Although this may not be music to Raghuram Rajan and Viral Acharya's ears, the real reason in my estimation for their quitting is expatriate over-sensitivity, intolerance or arrogance, argues B S Raghavan, the distinguished civil servant.
Hillary Clinton has proposed measures including new taxes for trading to hold Wall Street accountable.
Kanhaiya Kumar, Umar Khalid and Anirban Bhattacharya along with other students started the hunger strike at night and said they reject the findings and recommendations of the high-level inquiry committee that probed the incident.
Switzerland has been making efforts to strengthen its bilateral cooperation with India .
'Taking the legal route is not easy -- it shames you, drains you emotionally and financially.' 'The culprits get the best legal aid and fight long, costly legal battles while the victims cannot afford it.'
Former coal secretary H C Gupta and six others were on Tuesday granted bail by a special court New Delhi in connection with a case related to alleged irregularities in the allocation of a Chhattisgarh-based coal block to SKS Ispat and Power Ltd. All the seven accused persons were granted the bail on a personal bond of Rs 1 lakh and one surety of a like amount.
The carmaker was presenting itself as being run by technological diehards obsessed with building the world's best cars.
India borrows ideas that we don't need, like the FRDI Bill, and ignores the ones we need, like rewarding whistleblowers such as the ones who want to save Bombay Mercantile Bank, says Debashis Basu.
News of all that's transpired on and off the football field
While the first three parts of the operation, codenamed 'Red Spider', dealt with Indian banks (both private and state-run), the fourth part targeted a couple of foreign banks.
Despite its love for feel-good, Tumhari Sulu isn't stuck in a fool's paradise and confronts the conflicts thrown in its path, feels Sukanya Verma.
On day 8 of the strike in protest against the punishment in connection with the event during which anti-national slogans were allegedly raised, five students withdrew from the protest citing deteriorating health conditions.
Over 200 teachers from across India and abroad have written to Delhi University's vice-chancellor asking him to revoke Professor G N Saibaba's suspension so that he can rejoin his college.
Summary of sports events and persons who made news on Saturday
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
All you need to know about the case and the man behind the drama that has ensued.
The BCCI challenged the Rajasthan Sports Act 2005 allowing the former Indian Premier League commissioner to contest the RCA presidential elections on December 19 despite being banned for life by the Board.
An ABVP member has also been slapped with a fine of Rs 20,000.
The CVC had asked the CBI to probe the 'irregularities in the tendering process and award of contract and undue benefit caused to the SAP/IBM'.
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The ruling by the Supreme Court was made in a parallel civil insider trading case brought against Gupta by federal regulator Securities and Exchange Commission.
When things get really tough, it doesn't matter if one has been good strategist managing big companies or if one loves management. It all comes down to grit and passion says Satanik Roy.
A summary of sports events and sports persons, who made news on Thursday
The agency said files of the case were sent to competent authority.
The fate of former IPL commissioner Lalit Modi, who contested the Rajasthan Cricket Association polls, is likely to be known on January 17 after the Supreme Court said it would open the sealed enveloped containing the results on that day.
A year ago, India's #MeToo movement witnessed women across India speak up against sexual harassment. Nikita Puri assesses what, if anything, has changed.
'Make no mistake, legally Chanda Kochhar was not and still is not obliged to quit.' 'But quitting earlier would have placed her personally and as a leader on a very high pedestal, indeed where she belonged until this lapse,' says S Muralidharan, former managing director, BNP Paribas.
News of all that's transpired on and off the football field
From the Aadhaar verdict to #MeToo's arrival in the country to the entry into the Sabarimala temple -- India had a newsworthy 2018. As we step into 2019, these are the top moments from the year gone by.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Here comes the moment of truth. Modi prides himself on offering an "incorruptible" government. Will he dilute the Prevention of Corruption (Amendment) Bill to coax the administration's fealty and compromise his self-image?
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
