Banks general
Jet Airways defaults on $140-mn ECB loan
29 Mar 2019
Nirav Modi arrested in London on PNB fraud case
20 Mar 2019
Modi allegedly cheated Punjab National Bank through fraudulent issuance of Letters of Undertakings and Foreign Letters of Credit, thereby siphoning off funds worth Rs6,498.20 from PNB's Brady House branch in Mumbai while his uncle and aide Mehul Choksi has been accused of swindling Rs7,080.86 crore, also from PNB
Jet Airways set to finalise Rs4,000-cr financing deal: report
12 Mar 2019
Under the financing agreement, promoter group stake in Jet Airways will come down to 17 per cent from 51 per cent, while Etihad will retain 24.9 per cent stake and lenders will gain 29.5 per cent through conversion of debt and fresh equity infusion, with the remaining going to a new investor
Creditor banks hope to pilot Jet Airways with 50.1% stake
15 Feb 2019
The airline aims to increase authorised share capital to Rs2,200 crore, which would include Rs680 crore of equity capital and Rs1,520 crore of preference share capital, leaving Naresh Goyal with just 20 per cent or lesser stake
IDBI Bank to become LIC IDBI Bank or LIC Bank
05 Feb 2019
UK govt approves Vijay Mallya’s extradition, but he can appeal
05 Feb 2019
Mallya has to apply for leave to appeal in the high court within 14 days. If there is no appeal, he must be extradited within 28 days of the home secretary’s order
Millions of SBI account details leaked: report
31 Jan 2019
Chanda Kochhar disappointed, hurt, shocked by ICICI Bank decision
31 Jan 2019
The former head of ICICI Bank expressed her disappointment over its decision to treat her resignation as “termination for cause”. But an enquiry report had criticised her and even the CBI filed an FIR against her and her husband
Latest articles
Featured articles
Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.
The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES
Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.
As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.
The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
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