Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.
A gang of illegal immigration agents, which had kidnapped 15 Gujarat residents, allegedly held some of them at gun-point and even took away a minor girl from her mother in a bid to extort money, the victims have revealed.
The Aam Aadmi Party on Sunday raised questions on the genuineness of Prime Minister Narendra Modi's degrees and claimed that they would turn out to be fake if a probe is conducted.
There were Vedic mantras engraved along with prayer songs for Lord Shiva, Lord Rama and Lord Krishna. Neither the government nor the people of Faisalabad demanded that the carvings be removed. I felt very happy to see Sanskrit shloka
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.
Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
PricewaterhouseCoopers was Satyam's statutory auditor when the company's founder, B Ramalinga Raju, confessed to a massive accounting fraud in January 2009.
Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks.
'This arrest was totally unnecessary and disproportionate to the gravity of charges. What was truly required was a more measured and calculated approach, keeping in mind the strain such an action could cause to the growing bilateral relationship between these two great nations.' Indian-American organisations condemn Indian diplomat Devyani Khobragade's arrest.
Leading the Opposition attack over the Adani-Hindenburg issue in the Lok Sabha, Rahul Gandhi on Tuesday linked Gautam Adani's meteoric rise to Prime Minister Narendra Modi's coming to power and said "magic" happened after 2014 that propelled the businessman from the 609th to the second spot on the global rich list.
Considered one of the most prolific traders in London's financial circles, Rajesh Gill, 37, studied at Harvard and the London School of Economics and used to make over 100 transactions a day, The Daily Telegraph reported on Thursday.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
As the case gets nastier by the day -- with the coverage on some news television channels getting shriller and uglier -- Namrata Thakker finds out more about the woman at the centre of it all.
'These experiences were necessary for my journey.'
'We have struggled to pay the rent, we have struggled to pay the electricity bill, we have struggled to send them to school, to buy books and uniforms but there was food on the table every day!'
The trial of Susan Xiao Ping Su, the president and owner of the fraud-ridden Tri-Valley University, started on Tuesday.
While the US government did not reveal the nationality of the arrested people, names released by authorities indicate that 10 of them are either Indians or of Indian-origin.
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
Going by the provisions of the new company law, the responsibility and accountability equation for independent directors has seen a major change.
India's Under-19 World Cup winning captain Yash Dhull started his journey from being among the boys with a muscular hundred -- 113 off 150 balls -- against Tamil Nadu side on the opening day of the Ranji Trophy.
The criminal jury trail of Susan Su, founder of the Tri Valley University in California that harboured thousands of Indian students, entered a crucial phase on Wednesday with closing statements by both the plaintiff and defence lawyers.
Kalra was in line to replace senior opener Shikhar Dhawan in the Ranji squad but as it now stands, he will not play any further.
Beg, borrow, steal or adopt, fake parents share a history of coming to the hero or heroine's rescue ensuing in much mirth and masala.
Khan, who faced his toughest political test since assuming office in 2018 due to defections in his party and cracks in the ruling coalition, in a surprise announcement during an address to the nation on Sunday said he had advised the president to 'dissolve assemblies'.
Guilty Minds has too much going on to wolf down it all in one big binge watch session, notes Sukanya Verma.
While in power, Khan repeatedly talked about making Pakistan an Islamic welfare state. However, he failed to fix the economy and the basic problem of keeping the prices of commodities in control.
The Bihar toppers scandal probe has hit a roadblock.
Giving legal immunity to bribe-givers motivates citizens to report corruption, says Tarun Jain of the Indian School of Business, Hyderabad.
The impact of Shinzo Abe's towering personality is such that even in death, Abe remains a polarising figure, asserts Dr Rajaram Panda.
A federal jury on Monday convicted Susan Xiao-Ping Su, the founder of California-based Tri Valley University.
The diamond merchant, who has been behind bars at HMP Wandsworth in south-west London ever since his first bail application was rejected on March 20, can apply for a high court bail appeal at any time until his next remand hearing on April 26.
Ghost beneficiaries aren't the only kind of issue companies face during a period of unprecedented CSR spending, touching nearly Rs 12,000 crore in 2018-19. Frauds related to procurement, construction, and end-use of funds have had companies engaging forensic auditors to keep tabs on how money is spent, revealed conversations with those involved in such investigations. Firms are also increasingly strengthening their own capabilities to better implement their programmes.
Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.
Immigration attorneys claimed that they knew nothing about the varsity's illegal operation and were trapped.
Tokyo-bound AFI medical commission chairman AK Mendiratta dies of COVID-19.
Chinese companies have 'designed' the sugar syrup which is used to adulterate honey so that it can pass Indian laboratory tests, reveals Sunita Narain.
PV Sindhu while addressing the newly-appointed Assistant Directors of the Sports Authority of India through an online session, stressed on the importance of parents, coaches, administrators working as a team to build up a champion.
Illustrious international thinkers met at the Milken Institute Global Conference 2021 and many discussions addressed the impact of the COVID-19 pandemic on the world at large.
