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BusinessToday.In
New Delhi, August 31, 2018
Watch BusinessToday.In Editor Rajeev Dubey discuss how round-tripping of diamonds was done by PNB scam accused Nirav Modi in different countries. Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.


Anilesh S Mahajan
New Delhi, August 30, 2018
Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.


Ankit Kumar
August 30, 2018
The investigation notes at least 4 instances of round-tripping of diamonds to give the impression of high sales worth $213 million between Modi's entities and his shell companies.


Ankit Kumar
New Delhi, August 30, 2018
Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.


BusinessToday.In
August 30, 2018
A 165-page dossier submitted to the United States Bankruptcy Court Southern District of New York may have finally blown the lid off biggest banking fraud in Indian history.


BusinessToday.In
August 30, 2018
A report by the US bankruptcy examiner John Carney reveals how Modi was involved in a number of fraudulent transactions as well as round-tripping of funds through the shell companies he owned.


BusinessToday.In
New Delhi, August 30, 2018
The RBI said its balance sheet size increased by 9.49 per cent for the year ended June 30, 2018, which helped shape the monetary and financial conditions during the year.


PTI
New Delhi, August 28, 2018
The net NPA is also expected to decrease to 4.3 per cent, from 5.92 per cent as of June-end this year, says the ICRA report. The rating agency cautioned that GNPA and NNPA may be higher at 12.2 per cent and 5.6 per cent, respectively, in absence of resolution.


BusinessToday.in
New Delhi, August 27, 2018
If the government of India's new defence procurement plan takes off, it will be a huge boost for Make In India; despite Kerala's worst floods in over a 100 years, about 40 per cent of 125 districts in the southern states of India have reported deficient rainfall; and sixty more companies will be referred for insolvency and bankruptcy as the deadline for their resolution expired today. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


PTI
August 27, 2018
Anil Ambani-led Reliance Communications (RCom) today said it has completed the planned sale of optical fibre assets worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).


BusinessToday.In
New Delhi, August 27, 2018
Amazon plans to invest $700 mn in the Future GroupJeff Bezos-led Amazon in India has begun formal negotiations with Kishore Biyani's Future Group to invest around $600-700 million for a 12 to 15 per cent stake in the retail major as reported by the Business Standard. The two entities have signed a term sheet to take the talks further, sources said. This denotes the two sides have officially entered a pact. If the deal materialises it will most likely be a combination of cash and...


Mail Today Bureau
August 27, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.  The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
August 26, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
New Delhi, August 24, 2018
There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 lakh crore.


BusinessToday.In
New Delhi, August 24, 2018
Ruchi Soya owes a total debt of about Rs 12,000 crore to a consortium of 16 lenders.


PTI
New Delhi, August 22, 2018
This missive comes in the light of arrest of Bhushan Steels erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.


Anand Adhikari
New Delhi, August 22, 2018
The government, banks, and power producers are all working together to save stressed power loans from bankruptcy.


BusinessToday.In
New Delhi, August 20, 2018
Hang in there, Elon Musk, your factory is now humming at a brisk clip. The world needs inspirational innovators like you, says Anand Mahindra.


Tripti Kedia
New Delhi, August 20, 2018
Look at the corporate governance theme to pick winning stocks.


Niranjan Hiranandani
August 14, 2018
The RERA Act brought in transparency and accountability to real estate sector and boosted home buyers' confidence not just in Mumbai and the MMR, but across the country.


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