The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
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Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.
Mallya, who is mired in a huge controversy for leaving India on March 2 in the middle of a massive loan default probe, was quoted as having said in an email interview to the Sunday Guardian published on March 13 that time was not 'right' to return to the country.
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
Suitors came with all-cash offers but were rebuffed
Modi took on Gandhi for mocking him for chanting 'Bharat Mata ki Jai' at every meeting. The prime minister said he will continue to do so despite Gandhi's 'fatwa' on it.
'We must all commit to sharing less nonsense and quarrelling less on social media.' 'We could use that time instead to meeting and speaking to our friends and family instead of 'liking' their posts.' 'Zuckerberg will be the poorer for that, but our lives will be so much richer,' says Rahul Jacob.
Slush fund allegedly used to buy votes for the World Cup, claims report
While you can land a very good bargain in an auction at times, you might need to deal with illegal occupants and dues on the property
The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.
Like Air India, there have been recent cyber attacks on some major airlines, including one in Canada, and a global airlines alliance
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
'... And I don't think it really is that despite a lot going wrong.' 'Naiveté or stupidity or trusting the wrong person, the outcome is the same, which is that the group has gone to trash.' 'I'm not OK with people saying I had a role to play in crooking the system, which is not what I did.'
It is up to the government to take a decision on this before it starts auctioning.
The bill was passed with 165 voting in favour and 7 against it.
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.
'If you prove that a mandir was demolished and a mosque was constructed there, we will leave the place.'
The very design of the GST will bring in revenue buoyancy.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
Sukanya Verma recaps all the action at this year's MAMI.
The government has decided to ban Indian women from being surrogate mothers to foreigners to stop 'commercial surrogacy'. How will this decision affect surrogacy in India?
Less than a fortnight after rejecting the Adarsh scam report, Maharashtra cabinet on Thursday decided to partially accept recommendations of the judicial commission, announcing action against indicted bureaucrats but appeared going soft on politicians named by the commission.
Completing its over a-year-long probe into Saradha scam, the Serious Fraud Investigation Office (SFIO) has submitted its final investigation report to the government, which may soon start prosecution proceedings for numerous serious violations found during investigations.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Companies' annual reports can hide as much as they reveal. Investors can get early warning signals of wrongdoing by frequently speaking to other stakeholders.
The Supreme Court has asked the CBI to place before it the "files and notings" which purportedly suggest that its Director Ranjit Sinha wants stopping of whole trial against Reliance Telecom Ltd (RTL) and three top executives of the Reliance ADAG, who are accused in the 2G spectrum scam case.
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
'We realised that the government and police were shielding the Dera chief.' 'From 2002 to now, irrespective of which political party, the Dera has always been protected.'
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
"They call themselves the champions of speech and expression. But deny the same for the people of Kerala."
'Jaish aided by LeT attacked Parliament knowing mobilisation of Indian military assets would be the consequence.' 'That mobilisation happened, necessitating a military response from Musharraf who moved troops guarding back doors out of Tora Bora, facilitating Osama's escape.'
The Congress said arrogance of the BJP has touched its zenith as it turned 'blind' to farm distress.
The Indian-American community in the New York-New Jersey-Connecticut tristate area is being targeted by telephone fraudsters.
The appointment of former judge of Allahabad High Court Justice Virendra Singh as Uttar Pradesh Lokayukta was on Saturday put on hold after the Supreme Court held a special sitting on a holiday and posed embarrassing questions to the Samajwadi Party government, which was accused of concealing facts and "playing fraud".
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
A look at few gurus who have attracted controversy in recent times.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
