Flying in a Sukhoi against the US F-16

It was a month ago that the 12th US Air Force (AFSOUTH) approached me with a proposal: I could cover the Indian Air Force as they practiced for Red Flag at Nellis Air Force Base. Red Flag is the US......

An RBI model for the Securities Market?

If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for......

IL&FS to file bankruptcy for its offshore firms in UAE

A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms. Debt-ridden......

'People should feel like spending more'

'One of the ways to do that is to ensure that NBFCs have got liquidity.''If we don't do that, this mood of gloom will continue.'   Piramal Enterprises Chairman Ajay Piramal says the drying up......

IL&FS scam: Major setback for the accounting firms

The auditors -- the local arms of the Big Four global firms Deloitte Haskins & Sells and KPMG which has BSR & Associates as an affiliate here-had challenged the jurisdiction of the NCLT to ban......