Banks general
Videocon issue: ICICI Bank chairman defends CEO Chanda Kochhar
29 Mar 2018
ICICI Bank chairman M K Sharma said large loans are approved by board's credit committee and the bank’s CEO was not head of the committee
PNB could become a defaulter in 5 days, courtesy Nirav Modi
26 Mar 2018
The Rs12,700-crore fraud committed by diamantaire Nirav Modi and his associates could get PNB listed as a defaulter if the bank fails to repay Rs1,000 crore to another state-run bank, Union Bank of India (UBI), by 31 March
ArcelorMittal bid queers the pitch for local bidders of Essar Steel
26 Mar 2018
Banks led by State Bank of India, had, last week, voted in favour of inviting bids from six companies which had submitted expressions of interest after the resolution professional declared bids from ArcelorMittal and Numetal as ineligible
India’s cyber security chief does not trust internet banking
16 Mar 2018
India’s cyber security chief Gulshan Rai revealed that he does not trust internet banking and keeps a low balance in his account avoid fraud
Urjit Patel seeks more teeth for RBI to police state-run banks
15 Mar 2018
In the wake of the massive fraud at the Punjab National Bank, RBI Governor Urjit Patel said the central bank had "very limited authority" over state-run banks, where ‘dual regulation’ by the state and the RBI is leading to problems
Urjit Patel seeks more teeth for RBI to police state-run banks
15 Mar 2018
In the wake of the massive fraud at the Punjab National Bank, RBI Governor Urjit Patel said the central bank had "very limited authority" over state-run banks, where ‘dual regulation’ by the state and the RBI is leading to problems
After Nirav Modi-PNB scam, RBI bans LoUs, Letters of Comfort
14 Mar 2018
The Reserve Bank of India has banned banks from issuing Letters of Undertaking or Letters of Comfort in the wake of the Rs1,400 crore Punjab National Bank fraud, though Banks can continue to issue guarantees and letters of credit
Adani Group sitting on a Rs72,000-cr NPA bubble: Subramanian Swamy
07 Mar 2018
While Adani Group's total debt stands at Rs99,181.09 crore, the group claims that only Rs34,000 crore of its long-term borrowings was being "regularly serviced"
SFIO summons ICICI Bank, Axis Bank chiefs in PNB fraud case
07 Mar 2018
The Serious Fraud Investigation Officehas summoned ICICI Bank chief Chanda Kochhar and Axis Bank chief Shikha Sharma to seek information on the evolving Punjab National Bank fraud involving diamantaires Nirav Modi and Mehul Choksi
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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
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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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