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The 59-minute scheme (or scam?)

Remember Maggi? Why was it called 2-minute noodles when you could never make it in 2 minutes? On 2 November, Narendra Modi unleashed a Diwali gift to the MSME sector: a business loan of 1 crore to be processed in just 59 minutes, with little documentation. This was touted as

Scandal: YES Bank with NO Kapoor

The Reserve Bank of India (RBI) has bared its teeth again. Its axe fell on the captain of Yes Bank. As a watchdog of Indian banking system, the RBI has asked Rana Kapoor, Managing Director and Chief Executive Officer (MD&CEO) of Yes Bank to step down effective 31 January 2019. The

MORE with Amazon, no more with Birla

Once upon a time, Kumar Birla dreamt of making more millions from the retail sector. His huge investments in More have gone up in smoke. The question asked for some time ‘Will Aditya Birla group sell its retail chain, More?’ now gets the answer. The global e-commerce titan Amazon has procured

Now, LIC needs a Jeevan Suraksha policy

The life insurer appears to be the government’s preferred white knight. LIC is exposed to a massive chunk of the system’s bad assets. If this doesn’t make it a choice for Asset Reconstruction Company, what will? The spurt of controversial moves continues unabated. In a new tale, the country’s largest insurer,


It is the season for royal weddings. On 19 May 2018, Prince Henry of Wales married Ms. Meghan Markle at St George’s Chapel, Windsor. Elsewhere, the Kart entered the Mart when Walmart entered into wedlock with Flipkart. It may not have captured the same attention as the English wedding, but this marriage

Indian Pilferers League

“There are three kinds of people; the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s,” said Earl Wilson, the American journalist. The aphorism impeccably matches the wicked state of bad loans in the Indian banking system. The country’s bad loans have come within kissing distance of the 10 lakh crore mark! The case of


All bad things do not happen for a good reason. And they occur in an unplanned way. Who would have imagined Padma Bhushan Chanda Kochhar’s fall from grace? The Indian banking system is squeaking under the weight of Non-Performing Assets (NPA) to the extent of Rs.730,000 crore. The fraudulent transactions crisis