PNB scam: What role did the auditors play?

While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm......

Vijay Mallya: A man who knows the law too well

Mallya has lived on the edge for long enough to know that his extradition from the UK is not a given, says N Sundaresha Subramanian. Illustration: Dominic Xavier/Rediff.com   His recent......

Selling property? Expect a letter from the I-T dept

The government can seek details from sellers such as sources of funds while buying, reports Tinesh Bhasin/Business Standard. When you sell a property next time, expect a letter from the Income-Tax......

India's debt recovery mechanism off to slow start

India’s debt recovery and restructuring framework is still a work in progress, even six months after the President's assent to the Insolvency and Bankruptcy Code 2016. Illustration: Uttam......