His current predicament stems from a combination of personal failing and circumstance
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
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.
The Supreme Court-appointed SIT on Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.
The website has the address and contact numbers and email IDs of 69 branch offices of Saradha Group spread across West Bengal, Tripura, Odisha, Assam and New Delhi.
Central bank raises red flag, warns of potential risk
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
The bank wanted to run a background check on some Indian promoters.
Bharti will move FIPB soon for increasing Axa's stake to 49%
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
Dani Alves has blamed the media for Brazil's unsuccessful World Cup campaign but conceded that the team did not prepare properly ahead of the humiliating 7-1 defeat by Germany in the semi-final.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
The project is awaiting clearances from the DGCA.
Subrata Roy is in jail since March last year.
Indonesia, Turkey and Afghanistan also see important polls in the seven short weeks between end-March and mid-May, says Shankar Acharya
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
The government has provided a long-term vision.
While even the Opposition doesn't believe that Kerala Chief Minister Oommen Chandy is personally involved in the solar scam, the Congress leaders reputation has been tainted. And while he tells Indulekha Aravind that it is only a conspiracy, it may have a bearing on the coming general elections
It was a multi-million rupee scam whose extent and reach are still being unravelled, so why did the chief of the scam-tainted Saradha group Sudipta Sen plead that he was unable to pay Rs 30,000 as bail fee? Where could all the money have gone? Indrani Roy finds out.
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
About 17 lakh investors, mostly in West Bengal, who have lost crores of rupees in the Saradha chit fund scam are fast losing hope. The scandal continues to roil West Bengal political circles with several ruling Trinamool Congress leaders being implicated and some arrested. Even West Bengal Chief Minister Mamata Banerjee's name has been dragged into the sordid mess. Indrani Roy presents a FAQ on what the scam is about and the main players behind it.
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