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Peter, Indrani siphoned off funds from 9X media: CBI

 Closing in on the financial trail in the Sheena Bora murder case, the Central Bureau of Investigation on Thursday told a court that former media baron Peter Mukerjea and his wife Indrani allegedly......

Citi joins list of foreign banks scaling down India ops

 Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Photograph: Chris Helgren/Reuters Mumbai-based Axis Bank completed acquisition of......

How Zeta acquired Unicorn status in the very first round of funding

 In the start-up world, hitting the $1-billion mark, which accords the “Unicorn” tag, is a milestone. Illustration: Uttam Ghosh/Rediff.com Enterprises typically reach the milestone only......

Why Citi is exiting India

 The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!Manojit Saha reports. IMAGE: In India Citibank started the consumer banking business in 1985.......

South Africa's FirstRand Bank to exit India after 12 years

 The plan was to expand further, add more branches and also eventually become the third bank in India to start a wholly owned subsidiary after Singapore's DBS Bank and State Bank of Mauritius, but......

Why bank branches are important even in Digital India

 Despite the increasing adoption of digital transactions in the past three to five years, brick-and-mortar interaction across geographic catchments remains a potent distribution channel. Though the......

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GUJARAT, HIMACHAL GO TO POLLS

 The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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