RBI Flags Concern Over Illegal Accounts

'We found certain banks having lakhs of such accounts with apparently no valid reason.' Photograph: Francis Mascarenhas/Reuters   The Reserve Bank of India is alarmed that some banks have......

'Marwari' school of business keeps 3 generations of Ruia family under one roof

Indian family-run business houses have in recent years seen ugly public spats between owners over control. Image: Shashi Ruia (left) and Ravi Ruia. Photograph: PTI Photo from the Rediff Archives......

Voting advisory firms divided over FMCG major ITC's hotel demerger move

Three leading domestic voting advisory firms are not on the same page over the proposed demerger and separate listing of ITC’s hotel business, ITC Hotels. Photograph: Amit Dave/Reuters......

PE investments plummet to 6-year low in FY24

Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024. Illustration: Uttam Ghosh/Rediff.com Investments via PE deals are......

How Quickly IPL Teams Spent Money

At the start of the auction on Sunday, Punjab Kings had the highest funds at Rs 110.5 crore, which decreased to Rs 10.9 crore before Day 2 on Monday. IMAGE: Mumbai Indians Owners Nita Ambani and......

IPL teams, players donate for COVID-19 relief efforts

Photograph: Kind courtesy BCCI/IPL   In response to the terrifying surge of COVID-19 cases in the country, Indian Premier League teams have joined the effort to fight the crisis by announcing......