A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.
'Modi wants to reverse everything Nehru did, but is shy of touching his daughter's most unwise policies.' 'There is no example of this more stark than bank nationalisation,' says Shekhar Gupta.
It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
'I came to know that there was a big racket going on in the selling of onions. Private players were hoarding onions and these things cannot happen unless they have political patronage.'
Here are 15 things that would have made 2015 a great year.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
The BSE Realty Index is on a downhill journey.
Reports have put the IPO pipeline between 19 and 30 issues, of Rs 10,000-20,000 crore or Rs 100-200 billion.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.
India' can't succeed unless it is made easier for people to do business.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Accusing the United Progressive Alliance government of "heaping hardships on people," Tamil Nadu Chief Minister J Jayalalithaa flayed its "knee-jerk" reaction of increasing Foreign Direct Investment cap in different sectors and warned that its "insensitivity" towards people will take its toll soon.
Nifty has a virtual monopoly in the index derivatives segment.
During the Congress regime, India did witnessa slew of reforms which are now taken up by the Modi government too.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
A Russian medallist at the Pyeongchang Winter Olympics is suspected of having tested positive for a banned substance, a source at the Games said on Sunday, in a potential major blow to Russia's efforts to emerge from a drug-cheating scandal.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.
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Ramalinga Raju founded Satyam in 1987.
Gujarat is a flourshing state but its business model is not so well accepted at national level.
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Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
It's time the government accepts that Digital India is too distant.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
US regulator seeks Sebi's help in probing online Ponzi scheme run by duo under American names
Jaitley can make his innings -- notwithstanding its likely length -- to be a watershed tenure, or just add to the image of the MoD drifting rudderless, says Brigadier S K Chatterji (retd).
After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.
More lucrative routinely prescribed drugs are at higher risk of failing quality standards
The Modi government's array of economic policy has been impressive.
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people.
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