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ED conducts raids in IAF Piltaus jet money laundering case

The Enforcement Directorate (ED) on Friday raided multiple premises in various cities in connection with a money laundering case linked to alleged corruption in the purchase of 75 Pilatus basic......

15 foreign envoys meet civil society in J-K

In the first such trip by foreign diplomats post August 5, envoys of 15 countries including the United States visited the Kashmir valley on Thursday where they interacted with select political......

CBI files corruption case against IAF officials in Pilatus plane deal

The Central Bureau of Investigations has booked controversial arms dealer Sanjay Bhandari and others in connection with the alleged corruption in the Rs 2895 crore deal of 75 Pilatus basic trainer......

Jaitley should practise what he preaches

'The government should refrain from 'adventurism' and 'megalomania'.''But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to......

Sheena Bora finally makes an appearance

There it lay, a photograph on the desk under a stapler, and later a stamp pad, forgotten, done with, like its subject, a Mumbai Metro One employee who vanished overnight.Vaihayasi Pande Daniel......

Rana Kapoor: Banker gone Rogue

'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures;......

Pros and cons of Indian banks' cross-selling initiatives

In a bid to gain a bigger share of the customer’s wallet, banks are ramping up their cross-selling initiatives. Report Abhijit Lele and Raghu Mohan. Illustration: Uttam Ghosh/Rediff.com What......

Why PEs may be better source of capital for banks

India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country. Recently, Reserve Bank of India’s (RBI’s) internal working......

The visionary who made Indian IT industry global

One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968.At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.They......

Lakshmi Vilas Bank had dug its own grave

Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad.That's an error of......

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Vatika group repays Rs 1,109 crore, to sell more land to clear debt

The company has also given exit to Singapore's sovereign wealth fund GIC by purchasing their share in two residential projects in Gurgaon. Realty... ...

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/vatika-group-repays-rs-1109-crore-to-sell-more-land-to-clear-debt/articleshow/81256298.cms

Standard Chartered posts four-fold jump in India profit before tax in 2020

Profit before tax quadrupled to $337 million in 2020 from $79 million in 2019, making India the second biggest profit centre for the bank. ...

https://economictimes.indiatimes.com/markets/stocks/news/standard-chartered-posts-four-fold-jump-in-india-profit-before-tax/articleshow/81225954.cms

HCL Tech confirms plan to raise $500 mn via maiden offshore bond sale

Financing an offshore acquisition could be one of the motives of the proposed issue. The bonds may be launched as early as next week. MUMBAI: HCL... ...

https://economictimes.indiatimes.com/markets/bonds/hcl-confirms-raising-500-mn-via-maiden-offshore-bond-sale/articleshow/81213462.cms

Fullerton India brings on board Standard Chartered's Shantanu Mitra as CEO and MD

Fullerton India Credit Company (Fullerton India), a non-banking financial company with a strong pan-India presence, has announced the appointment... ...

https://economictimes.indiatimes.com/news/company/corporate-trends/fullerton-india-brings-on-board-standard-chartereds-shantanu-mitra-as-ceo-and-md/articleshow/81165024.cms

Carlyle emerges frontrunner to acquire Mphasis

Mumbai: Private equity firm Carlyle Group has emerged as a probable frontrunner to acquire Mphasis Ltd. from Blackstone Group, in what could be the... ...

https://economictimes.indiatimes.com/tech/information-tech/carlyle-emerges-frontrunner-to-acquire-mphasis-from-blackstone/articleshow/81162602.cms

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