News for 'loan scam'

For Cong, defence was only about brokering deals: PM

For Cong, defence was only about brokering deals: PM

Rediff.com10 Feb 2019

He said the NDA's work culture was different from that of the previous governments.

Of Modi, Trump and the rise of crony populism

Of Modi, Trump and the rise of crony populism

Rediff.com9 Sep 2018

India's real risk is not that crony populism would fail, but that it would succeed, consolidating a path that is fundamentally a trap, both in terms of social inequalities and long-term growth, says Michael Walton.

5 steps to cure India's banking system

5 steps to cure India's banking system

Rediff.com22 May 2018

Bankers pay a small price for their misdeeds, no matter how large the cost to their banks or to the economy at large, says TT Ram Mohan.

Yeddyurappa steps down without facing trust vote

Yeddyurappa steps down without facing trust vote

Rediff.com19 May 2018

This has been the CM's shortest stint in power -- three days.

Few scandalous biz tycoons who made it big, ran it and got screwed

Few scandalous biz tycoons who made it big, ran it and got screwed

Rediff.com17 Dec 2015

Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.

2018: Year of reckoning for India Inc

2018: Year of reckoning for India Inc

Rediff.com28 Dec 2018

A glance back at some of the important ups and down Indian Inc faced in 2018.

When will 'achche din' come for farmers, Rahul asks PM

When will 'achche din' come for farmers, Rahul asks PM

Rediff.com10 Sep 2015

Embarking on a 'Save Farmer March' in Odisha, Rahul Gandhi on Thursday accused the Narendra Modi government of neglecting farmers and took a dig at the prime minister, asking when will the promised 'achche din' come for them.

Financial Technologies not keen to merge with NSEL

Financial Technologies not keen to merge with NSEL

Rediff.com16 Sep 2014

FTIL group is in big trouble after over Rs 5,500 crore payment crisis surfaced at its subsidiary NSEL last year.

PNB on 'negative watch' with Fitch, on downgrade review with Moody's

PNB on 'negative watch' with Fitch, on downgrade review with Moody's

Rediff.com20 Feb 2018

"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.

Modiji: Privatise Banks Now!

Modiji: Privatise Banks Now!

Rediff.com12 Mar 2018

'Modi wants to reverse everything Nehru did, but is shy of touching his daughter's most unwise policies.' 'There is no example of this more stark than bank nationalisation,' says Shekhar Gupta.

'This Budget is like a meal you get in a Udupi hotel'

'This Budget is like a meal you get in a Udupi hotel'

Rediff.com3 Feb 2017

'One thing is sure: After this Budget, no Ambani-Adani tag will be attached to the government.'

'2019 election will be about arithmetic'

'2019 election will be about arithmetic'

Rediff.com9 Jun 2018

'This coming general election is not going to be about manifestoes.'

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

Rediff.com14 Feb 2018

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.

You closed all options to recover dues by going public: Nirav Modi tells PNB

You closed all options to recover dues by going public: Nirav Modi tells PNB

Rediff.com19 Feb 2018

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.

PwC caught in USL-Mallya crossfire

PwC caught in USL-Mallya crossfire

Rediff.com28 Apr 2015

The agency did not seek a reappointment in FY12.

Siddaramaiah hits back at Modi, says he is morally not fit to be PM

Siddaramaiah hits back at Modi, says he is morally not fit to be PM

Rediff.com5 Feb 2018

He said the "countdown has begun for Narendra Modi," citing the results of Rajasthan by-polls in which the ruling BJP faced an embarrassing defeat at the hands of the Congress which won two Lok Sabha seats and one assembly segment.

The (V) Unbeatable team that might win America's Got Talent!

The (V) Unbeatable team that might win America's Got Talent!

Rediff.com27 Aug 2019

Mumbai dancers fuse lyrical hip hop and b-boying with elements of American cheerleading and trapeze-esque bits from the circus.

Madhya Pradesh: Quite a few scores, but many misses, too

Madhya Pradesh: Quite a few scores, but many misses, too

Rediff.com29 Jun 2016

Government claims big successes in agriculture, rural roads & investment scenario.

'CAG report ruined lives, destroyed reputations'

'CAG report ruined lives, destroyed reputations'

Rediff.com5 Jan 2018

'As someone who has had the opportunity of cross examining Vinod Rai, extensively over three days as part of the Joint Parliamentary Committee, many of us included I had concluded at that point of time that this report rests on the foundation of sand.'

Police raid German soccer HQ over 2006 World Cup payment

Police raid German soccer HQ over 2006 World Cup payment

Rediff.com3 Nov 2015

Police raided the Frankfurt headquarters of Germany's football association (DFB) on Tuesday and searched the homes of officials to investigate suspected tax evasion linked to the awarding of the 2006 World Cup, prosecutors said.

Companies hoping for the tide to turn

Companies hoping for the tide to turn

Rediff.com26 Dec 2013

Year 2013 saw business leaders facing the ire of hostile investigative agencies.

BJP to observe Nov 8 as 'anti-black money' day

BJP to observe Nov 8 as 'anti-black money' day

Rediff.com25 Oct 2017

The Centre set up a political tug of war with opposition parties which have planned to observe it as a 'black day'

We want to show Congress a mirror in Delhi: BJP

We want to show Congress a mirror in Delhi: BJP

Rediff.com10 Nov 2013

Accusing the Sheila Dikshit-led government of failing to fulfil its promises made in Congress manifestos in the past, Delhi BJP on Sunday said the assurances made by the party were not more than a "bundle of lies."

Row erupts over Rahul's TV interviews; EC issues notice for flouting poll code

Row erupts over Rahul's TV interviews; EC issues notice for flouting poll code

Rediff.com13 Dec 2017

the Congress too petitioned the Election Commission for action against Prime Minister Narendra Modi for addressing an event organised by an industry body on the eve of the final phase of the Gujarat polls where he attacked the main opposition party.

'Modi has been scrupulously honest. Indira Gandhi institutionalised corruption'

'Modi has been scrupulously honest. Indira Gandhi institutionalised corruption'

Rediff.com21 Jul 2018

'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'

Villain, victim or scapegoat?

Villain, victim or scapegoat?

Rediff.com18 May 2018

'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'

Fraud puts a fourth of PNB's net worth at risk

Fraud puts a fourth of PNB's net worth at risk

Rediff.com15 Feb 2018

The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.

Sheena Bora Trial: A Tale of Two Witnesses

Sheena Bora Trial: A Tale of Two Witnesses

Rediff.com19 Jun 2018

Shyamvar Pinturam Rai and Pradeep Waghmare. Both erstwhile employees of Peter and Indrani Mukerjea. In the witness stand on Monday, Waghmare came across as a cheerful, straightforward man who is attempting to clamber his way towards prosperity. In the witness stand on Friday, Rai shed his customary jauntiness and broke down weeping, begging forgiveness from CBI Special Judge Jayendra Chandrasen Jagdale.

RS Deputy Chairman: 'The idea behind Naxalbari was great'

RS Deputy Chairman: 'The idea behind Naxalbari was great'

Rediff.com1 Sep 2018

'The youth associated with this movement were extremely talented.' 'But I personally believe violence cannot change anything in the world.'

Rs 1-lakh-crore infra projects for Mumbai in the pipeline

Rs 1-lakh-crore infra projects for Mumbai in the pipeline

Rediff.com11 May 2016

These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.

'BJP-Sena's honeymoon is over too soon'

'BJP-Sena's honeymoon is over too soon'

Rediff.com3 Mar 2015

'The BJP said they want less government and more governance. But they are doing neither. It is shocking to see them so ineffective.'

Maya calls Shah 'Kasab'; Rahul takes on PM

Maya calls Shah 'Kasab'; Rahul takes on PM

Rediff.com23 Feb 2017

Mayawati urged the Muslim voters to vote for the party, saying her party has given tickets to 99 candidates from the community.

The frenemy of the people

The frenemy of the people

Rediff.com20 Jun 2015

Politicians have continued taking people for granted and managed to stay above the law, says T N Ninan

Demonetisation: Opposition deposits ire in Rajya Sabha

Demonetisation: Opposition deposits ire in Rajya Sabha

Rediff.com16 Nov 2016

Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.

Telenor's Indian adventure: A bold move that didn't click

Telenor's Indian adventure: A bold move that didn't click

Rediff.com3 Mar 2017

After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.

Why is Subramanian Swamy silent on SpiceJet?

Why is Subramanian Swamy silent on SpiceJet?

Rediff.com12 Mar 2015

Minority investors of SpiceJet might be feeling cold-shouldered.

Flash back 2014: BJP-Sena returns to power in Maharashtra after 15 yrs

Flash back 2014: BJP-Sena returns to power in Maharashtra after 15 yrs

Rediff.com18 Dec 2014

The return of a BJP-Sena regime after a love-hate war and gap of 15 years, demise of senior Bharatiya Janata Party leader Gopinath Munde, collapse of Congress-Nationalisy Congress Party alliance and rising cases of farmers' suicides dominated Maharashtra's political landscape in 2014.

Lok Sabha polls: The four options before India

Lok Sabha polls: The four options before India

Rediff.com13 Mar 2014

Ravindra Shukla picks out his best option.

Can the judiciary also reflect please?

Can the judiciary also reflect please?

Rediff.com26 Nov 2015

The nullifying of the NJAC Act has put the spotlight on the Judiciary. Concepts like transparency, being open to change, leading from front, management of perceptions that were reserved for the Executive earlier are now relevant for the Judiciary as well, says Sanjeev Nayyar.

'The L-G is playing a dangerous game'

'The L-G is playing a dangerous game'

Rediff.com4 Oct 2017

In an interview with Rediff.com Puducherry CM spoke about his plans for the state, Rahul Gandhi and his daily friction with the lieutenant governor.