'Most Indian promoters don't want to default'

StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.Illustration: Dominic XavierRediff.com Zarin......

Stalin keeps home portfolio, PT Rajan gets finance

Dravida Munnetra Kazhagam president M K Stalin's cabinet, including him, would be 34-member strong and he has retained senior leaders like Duraimurugan and 15 shall be ministers for the first time.......

StanChart bullish, bets big on India

Most foreign bankers are impatient with the RBI's 2009 roadmap for bank consolidation, but Sir Thomas Harris, StanChart vice chairman is much more bullish. He can afford to be: With 81 branches in......

StanChart firing big time, employees in India too face axe

India is a priority market for global banking giant Standard Chartered (StanChart) which has announced a major layoff in its retail banking business spread across countries The bank in a press......

StanChart to expand India biz

Standard Chartered Bank is looking for appropriate acquisitions, including asset portfolio to grow its business presence in India, one of the fastest growing markets in the world."The bank looks at......

StanChart shakeup turns screws on India's tycoons

Among India's capital-starved local banks, Essar is viewed as too big to fail, notes Una Galani. A shake-up at Standard Chartered could finally turn the screws on India's tycoons. The......