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National Asset Reconstruction Company

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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.......

Navy cancels Reliance Naval's Rs 2,500-cr NOPV contract

The Indian Navy has cancelled Reliance Naval and Engineering Ltd's (RNEL) Rs 2,500-crore naval offshore patrol vessels (NPOVs) contract, owing to delay in delivery of the vessels, according to......

India's boycott of OBOR an unusual display of spine

The decision to not attend the forum attended by 28 heads of state and 130 national delegations is a clear break from India's usual policy of going along with the crowd, observes Ajai Shukla.......

'Focus Is To Maintain The Casa Ratio'

'It has remained around 38 per cent over the past four to five quarters.' Photograph: Kind courtesy Facebook UCO Bank is planning to raise up to Rs 2,000 crore through qualified institutional......

SC orders liquidation of Jet Airways' assets

The Supreme Court on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets. Photograph: Francis Mascarenhas/Reuters A......

Sitharaman urges banks to boost deposits

Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Photograph: Shrikant......

ARC chiefs to meet RBI deputy guvs for seeking clarity on bank borrowing

The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. Illustration: Dominic Xavier/Rediff.com During the......

'Our focus is on converting lands into projects'

'At present, the idea is to expand, consolidate, and stabilise in South India, Mumbai, Pune and grow on what we have been doing.' Photograph: Kind courtesy Prestige Group Real estate major......

Loan Default: Nitin Desai Lost Control Of Studio

Photograph: Kind courtesy Nitin Chandrakant Desai/Instagram Noted art director Nitin Chandrakant Desai, who was found dead on Wednesday at his studio in Maharashtra's Raigad district, had......

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