Flying in a Sukhoi against the US F-16

It was a month ago that the 12th US Air Force (AFSOUTH) approached me with a proposal: I could cover the Indian Air Force as they practiced for Red Flag at Nellis Air Force Base. Red Flag is the US......

Govt wants 4 domestic auditors to restate IL&FS books

The corporate affairs ministry proposed the names of Borkar & Mazumdar & Co and MM Chitale & Co for IL&FS and IFIN respectively; and GM Kapadia & Co and CNK & Associates for IL&FS Transportation......

ED makes first arrests in IL&FS case

Joint MD of the company Arun K Saha and MD of transportation network K Ramchand were arrested late evening in Mumbai under the Prevention of Money Laundering Act. The Enforcement Directorate on......

IL&FS to file bankruptcy for its offshore firms in UAE

A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms. Debt-ridden......

IL&FS scam: Major setback for the accounting firms

The auditors -- the local arms of the Big Four global firms Deloitte Haskins & Sells and KPMG which has BSR & Associates as an affiliate here-had challenged the jurisdiction of the NCLT to ban......