Bank fraud: ED registers money laundering case against ABG Shipyard

The Enforcement Directorate has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of......

India is an 'emerging democratic superpower': Australian PM

Describing India as an "emerging democratic superpower", Australian Prime Minister Tony Abbott on Thursday kicked off his two-day India visit during which the two countries are likely to clinch an......

Tatas are committed to make Air India a world-class airline: Chandra

Nearly seven decades after it lost control, Tatas on Thursday regained ownership of Air India and promised to turn the loss-making carrier into a world-class airline. N Chandrasekaran, chairman of......

PSBs will only lead bad bank, pvt banks also need to support: SBI

State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, State Bank of India......

Life insurers shell out crores as Covid-19 death claims

As of March 25, life insurers have paid Rs 1,986 crore towards 25,500 Covid death claims. Illustration: Dominic Xavier/Rediff.com Life insurers, 24 in total, have spent crores on Covid-19 death......

Anish Shah is new MD-CEO of Mahindra group

IMAGE: Anish Shah. Photograph: Courtesy, Anish Shah on Twitter. When Anand Mahindra becomes non-executive chairman in November, Shah will become the first professional MD and CEO in the history of......