Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
The 'mystery' of the education business sale by Cox & Kings is part of an Enforcement Directorate investigation, which is also examining the siphoning-off of funds to the tune of Rs 21,000 crore to dozens of so-called related-parties, highlighted by the forensic auditor.
The new powers are aimed at making Sebi more effective in protecting investor interest and helping it to better regulate the market.
The firm expects its recent equity infusion, debt refinancing and the compensatory rate to lead to a turnaround in its financial position.
Former Maharashtra Chief Minister Ashok Chavan has written to Prithviraj Chavan and the state chief secretary, claiming that the Adarsh inquiry Commission report does not do him justice and is against the principles of natural justice.
A three-year validity of an inflation target is, perhaps, more reasonable and practicable.
The apex court also prohibited other states from issuing a notification against the exhibition of the movie.
India has voted against a UN General Assembly draft resolution calling for moratorium on the use of death penalty, saying it fails to recognise each nation's "sovereign right" to determine its legal system and punish criminals according to its laws.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
The bench laid down guidelines as to who would execute the will and how the nod for passive euthanasia would be granted by the medical board.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
The RBI will have to focus on constructive change to ensure growth.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
There are so many questions surrounding the conduct of the revised bypoll to Chennai's RK Nagar seat that it stretches the credibility of the electoral process, says N Sathiya Moorthy.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
Ever since Indrani's bail plea was denied by the judge her security has been stepped up. The message was clear. If she felt that unsafe she could get all the security she needed. But in jail she stayed.
Employers' refusal to recognise TUs has caused industrial tiffs.
On the eve of the Modi government's two years in office, the RSS-linked Bharatiya Mazdoor Sabha leadership met Finance Minister Arun Jaitley. After the meeting, the BMS claimed the FM told its delegation 'the government has realised that labour reforms are not essential for industrial growth in the country.'
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Aadhaar-related schemes and the Aadhaar Act exist on the assumption that Right to Privacy is not a Fundamental Right.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
