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Reconstruction Of Financial Assets

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Local body polls soon? Maha cabinet takes 21 decisions in single day

With elections to local bodies looming, the Maharashtra cabinet took 21 decisions on Tuesday, an unusual number for a single meeting, including the closure of the state's asset reconstruction......

SC Verdict Instills Hope For Real Estate Reforms

'The directives to enhance last-mile funding, consider revival funds, and systemic reforms across the sector are expected to revive stalled projects, improve accountability, and accelerate the......

Rana plotted several attacks like 26/11, NIA tells court

The National Investigation Agency has said accused Tahawwur Rana planned several other plots similar to the 26/11 Mumbai terror attacks to target multiple Indian cities. IMAGE: Security forces......

NIA focuses Rana probe on Lashkar link; may take him to key locations

The National Investigation Agency on Friday began an extensive interrogation of Mumbai terror attack mastermind Tahawwur Hussain Rana to uncover the “deeper layers of the conspiracy” as......

Police move to close Rs 25K-cr MSC Bank scam case involving Ajit Pawar

The Economic Offences Wing of the Mumbai police on Friday sought to close a case related to an alleged Rs 25,000 crore scam at the Maharashtra State Cooperative Bank in which Maharashtra deputy......

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

Public sector banks have written off loans worth Rs 6.15 lakh crore in the last five and a half years, Parliament was informed on Monday. Illustration: Dominic Xavier/Rediff "As per Reserve Bank......

Board nod must for bank entities to do same biz: RBI

The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval......

Bank OTS scheme not a borrower's right without upfront payment: SC

The Supreme Court has ruled that a bank’s one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including......

India Opens Doors To Foreign Banks, But...

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff   In September 2006, the Union government had put the Satara......

Domestic expansion, Europe recovery to drive growth for Tata Steel

There is positive sentiment for Tata Steel on the basis of strong domestic demand, a turnaround of European operations and moderate valuations. Photograph: Andrew Yates/Reuters A combination of......

Loan Default: Nitin Desai Lost Control Of Studio

Photograph: Kind courtesy Nitin Chandrakant Desai/Instagram Noted art director Nitin Chandrakant Desai, who was found dead on Wednesday at his studio in Maharashtra's Raigad district, had......

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