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Nitin Desai started delaying loan repayment from 2018 end: Edelweiss to HC

 Senior Edelweiss officials, accused of abetting the suicide of renowned art director Nitin Desai on Friday submitted to the Bombay high court that he had started delaying on his loan repayment......

Raigad police quiz Edelweiss MD, officials for 8 hours

 ECL Finance Company MD and three officials were on Tuesday quizzed for nearly eight hours by the Raigad police in Maharashtra probing the alleged suicide of film art director Nitin Desai, an......

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

 Raigad police in Maharashtra on Friday registered a criminal case against five persons including Edelweiss Group chairman Rashesh Shah for alleged abetment of art director Nitin Desai's suicide.......

Role of creditors to be probed in Nitin Desai death case: Fadnavis

 A day after renowned art director Nitin Desai was found dead, Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said the role a private lending firm, from which Desai had taken loan,......

Reliance Infra cuts standalone debt by 87%; shares surge 20%

 Anil Ambani's Reliance Infrastructure Ltd has slashed its standalone debt by 87 per cent to Rs 475 crore after it cleared outstanding dues of Life Insurance Corporation of India, ICICI Bank and......

RBI imposes biz restrictions on Edelweiss

 The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. Photograph: Eieleien/Wikimedia......

Bad-loan market may soon see flurry of activities

 Banks are set to sell dud-loans worth Rs 90,000 crore of 22 firms in the first tranche to the National Asset Reconstruction Company (NARCL). Illustration: Uttam Ghosh/Rediff.com It’s reason......

Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

 Whistleblower, Paras Kuhad, alleged that Edelweiss Group and Caisse de depot et placement du Québec, a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did......

Sale of Reliance Capital's assets gets resounding response

 Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap’s 51 per cent stake......

Sound of Music at 50: The Von Trapp family THEN and NOW!

 As Sound of Music turns 50 today, here's a look at its beloved Von Trapp family and what they're doing today. Julie Andrews swirling in a field of flowers against snow-clad Alps. Blue-eyed......

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