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Rahat questioned again, probe nearing completion

 Pakistani sufi singer Rahat Fateh Ali Khan was questioned on Friday by the Directorate of Revenue Intelligence officials for allegedly carrying $ 1.24 lakh (about Rs 60 lakh) of undeclared foreign......

Hawala scam worth Rs 5,000 cr busted

 An Indian businessman accused of terror financing by Homeland Security of the US was on Friday booked by Enforcement Directorate for running an alleged hawala operation to the tune of Rs 5,000......

Bank mergers and death of forex brokerages

 Business is down to such an extent that last year these firms could not even meet RBI’s capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this......

Budget 2019: In a first, India to issue sovereign bonds in global market

 The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday’s exchange rate. The government......

An open letter to the RBI governor

 Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das. IMAGE: RBI Governor Shaktikanta Das. Dear Governor, The day you took over as India's chief money......

Why forex brokerage firms are staring at a dark future

 Today, they can’t meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business.Bulk of the trades......

The 39 year old who wants to make Audi No 1 again

 'To become more Indianised we had to be more colourful,' Rahil Ansari, Audi's India head, tells Ajay Modi.Illustration: Dominic Xavier/Rediff.com As I walk into Threesixtydegree, a restaurant at......

All payments during IPL in SA in 2009 were legitimate: BCCI

 The Board of Control for Cricket in India on Saturday refuted allegations that it violated India's foreign exchange regulations while conducting the second edition of the Indian Premier League in......

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