Bank fraud: ED registers money laundering case against ABG Shipyard

The Enforcement Directorate has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of......

ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

Can the Taliban Survive?

The US intends first to cripple the Afghan government financially through sanctions, freezing of assets, denial of access to international banking, etc, and then proceed to do pretty much what it......

Can India Be A 'Vishwaguru'?

Many of the stories, the pictures going out of India worldwide lately with these provocative processions, taunting of Muslims, bulldozers targeting mostly their properties, the sweeping 'othering'......

Lloyds Bank to move 300 jobs to India

In an apparent cost cutting measure, the Cheltenham and Gloucester (C&G), a wholly owned subsidiary of Lloyds TSB Bank, will close a mortgage and customer service centre and move about 300 jobs to......

UK's banks have Brexit shock absorbers

A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared, says George Hay. IMAGE: People hold signs in Trafalgar Square during a 'Yes to Europe' rally for......

Win Bischoff to be Lloyds chairman from Sep 15

Former Citigroup chairman Win Bischoff will take over as the chairman of beleaguered Lloyds Banking Group from September 15. His appointment comes in the wake of Lloyds Banking Group chairman......

UK loses nearly 11 bn pounds on RBS, Lloyd stakes

The UK government has incurred notional losses of nearly 11 billion pounds on its stakes in Royal Bank of Scotland and Lloyds Banking Group. "The UK government is sitting on losses of almost 11......

Ferrari, McLaren take a hit from Marussia collapse

A pit crew of Marussia, which Formula One driver Jules Bianchi of France belongs to, wipes his face as he cleans up the pit after the Japanese F1 Grand Prix at the Suzuka Circuit. Photograph: Yuya......

Chelsea to miss out on Battersea stadium

Champions League winner Chelsea Football Club will almost certainly fail in its bid to move its stadium to London landmark Battersea Power Station, a source close to the sale process said. About......

Serbs could be unwelcome guests in Russia

Still riding a wave of euphoria after their Australian Open success, Novak Djokovic and Nenad Zimonjic could turn out to be unwelcome guests in Moscow for Serbia's Davis Cup tie against Russia.......