The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
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.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
'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.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Is this a classic case of throwing the baby out with the bath water?
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Lauding the contribution of non-resident Indians in the development of the country, he said, 'Mahatma Gandhi, Sardar Patel, B R Ambedkar, Jawaharlal Nehru were all NRIs. They travelled the world and helped India with new perspectives.'
Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn't happen, the investment cycle also will not happen, writes M R Venkatesh.
Subrata Roy is in jail since March last year.
The billionaire jeweller, who has fled the country, in the letter also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.
'I have been most pained at being painted as an absconder'.
In an attempt to acquire consumers, banks have been providing a lot of technology-enabled services, which used to be offered free.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Timing is crucial for a short-sell, so is an understanding of likely float.
These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years
This and more from the happenings in the world of football.
News of all that's transpired on and off the football field on Thursday
The man who owns close to 94 per cent of the shares of Patanjali Ayurved, an unlisted company, does not, however, take a salary or receive dividends.
Vijay Mallya has lost control of his companies.
News of all that's transpired on and off the football field
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
Industrialists have the same complaints as they did in the UPA's second stint.
Mekhail hopped off the bench in a hurry and turning his back to Indrani, stood at the window. Indrani ignored him too. Mekhail is getting married later this year. His mother will, of course, not be in attendance. Nor, of course, would he want her to be there, if she could.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Congress leaders claim The Associated Journals Limited has 761 shareholders while the company shows more than 1,000
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
The last time Tamil Nadu seriously voted on pre-poll promises was in faraway 1967.
'A law firm checked credentials of Karan Ajit Judge and Nouam'
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
Hers is a rags-to-riches story for the ages, peppered with risks, determination and strokes of luck.
Union Minister for Women and Child Development Maneka Gandhi says her ministry is working on four core areas of "safety, education, employment and confidence building," which are critical for the 58 crore women population in India which includes over 41 crore in rural areas. She also lays out the detailed roadmap for her ministry including setting up of one stop rape crises centres, hostels for working women among others.
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.
